Devonian Total Stockholder Equity vs Common Stock Analysis

GSD Stock  CAD 0.20  0.02  9.09%   
Devonian Health financial indicator trend analysis is much more than just examining Devonian Health Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Devonian Health Group is a good investment. Please check the relationship between Devonian Health Total Stockholder Equity and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Devonian Health Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Stockholder Equity vs Common Stock

Total Stockholder Equity vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devonian Health Group Total Stockholder Equity account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Devonian Health's Total Stockholder Equity and Common Stock is 0.96. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock in the same time period over historical financial statements of Devonian Health Group, assuming nothing else is changed. The correlation between historical values of Devonian Health's Total Stockholder Equity and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Devonian Health Group are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Stockholder Equity i.e., Devonian Health's Total Stockholder Equity and Common Stock go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Common Stock

Most indicators from Devonian Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devonian Health Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Devonian Health Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 2.4 M in 2024. Tax Provision is likely to climb to about (355.3 K) in 2024

Devonian Health fundamental ratios Correlations

0.740.980.860.42-0.870.770.66-0.32-0.180.76-0.840.80.930.340.76-0.060.710.95-0.920.970.920.78-0.30.740.85
0.740.730.530.59-0.860.680.88-0.24-0.030.87-0.610.880.690.710.760.020.540.76-0.830.710.830.64-0.720.770.75
0.980.730.840.54-0.870.690.72-0.3-0.190.75-0.80.840.850.370.83-0.060.620.96-0.910.910.870.79-0.290.80.91
0.860.530.840.28-0.640.630.47-0.610.040.6-0.610.530.82-0.050.53-0.430.620.77-0.690.870.70.59-0.110.510.6
0.420.590.540.28-0.590.030.89-0.19-0.060.46-0.260.80.140.550.88-0.07-0.090.5-0.50.230.320.37-0.620.710.69
-0.87-0.86-0.87-0.64-0.59-0.68-0.820.270.02-0.680.72-0.89-0.79-0.55-0.860.01-0.45-0.940.98-0.8-0.89-0.590.49-0.9-0.86
0.770.680.690.630.03-0.680.39-0.25-0.020.64-0.660.550.860.260.4-0.020.760.72-0.740.830.830.6-0.220.490.55
0.660.880.720.470.89-0.820.39-0.21-0.10.7-0.530.930.470.710.920.00.210.72-0.760.530.620.5-0.740.830.78
-0.32-0.24-0.3-0.61-0.190.27-0.25-0.21-0.76-0.27-0.17-0.21-0.320.47-0.230.95-0.23-0.280.22-0.32-0.29-0.210.11-0.2-0.24
-0.18-0.03-0.190.04-0.060.02-0.02-0.1-0.76-0.120.61-0.12-0.13-0.49-0.12-0.82-0.15-0.090.1-0.18-0.06-0.19-0.010.04-0.09
0.760.870.750.60.46-0.680.640.7-0.27-0.12-0.580.790.70.530.64-0.020.780.68-0.690.760.820.89-0.570.580.75
-0.84-0.61-0.8-0.61-0.260.72-0.66-0.53-0.170.61-0.58-0.62-0.83-0.54-0.59-0.42-0.61-0.770.8-0.85-0.76-0.560.26-0.53-0.61
0.80.880.840.530.8-0.890.550.93-0.21-0.120.79-0.620.620.660.960.040.430.83-0.860.680.80.71-0.660.870.94
0.930.690.850.820.14-0.790.860.47-0.32-0.130.7-0.830.620.230.54-0.040.830.83-0.860.990.930.66-0.280.540.65
0.340.710.37-0.050.55-0.550.260.710.47-0.490.53-0.540.660.230.570.640.130.43-0.540.260.420.33-0.640.590.5
0.760.760.830.530.88-0.860.40.92-0.23-0.120.64-0.590.960.540.57-0.010.260.81-0.820.610.690.6-0.60.860.91
-0.060.02-0.06-0.43-0.070.01-0.020.00.95-0.82-0.02-0.420.04-0.040.64-0.010.0-0.04-0.06-0.050.010.0-0.07-0.010.0
0.710.540.620.62-0.09-0.450.760.21-0.23-0.150.78-0.610.430.830.130.260.00.53-0.540.830.80.79-0.240.210.49
0.950.760.960.770.5-0.940.720.72-0.28-0.090.68-0.770.830.830.430.81-0.040.53-0.960.870.880.69-0.280.890.9
-0.92-0.83-0.91-0.69-0.50.98-0.74-0.760.220.1-0.690.8-0.86-0.86-0.54-0.82-0.06-0.54-0.96-0.87-0.92-0.620.46-0.87-0.86
0.970.710.910.870.23-0.80.830.53-0.32-0.180.76-0.850.680.990.260.61-0.050.830.87-0.870.930.75-0.280.590.73
0.920.830.870.70.32-0.890.830.62-0.29-0.060.82-0.760.80.930.420.690.010.80.88-0.920.930.78-0.440.710.82
0.780.640.790.590.37-0.590.60.5-0.21-0.190.89-0.560.710.660.330.60.00.790.69-0.620.750.78-0.260.550.82
-0.3-0.72-0.29-0.11-0.620.49-0.22-0.740.11-0.01-0.570.26-0.66-0.28-0.64-0.6-0.07-0.24-0.280.46-0.28-0.44-0.26-0.41-0.44
0.740.770.80.510.71-0.90.490.83-0.20.040.58-0.530.870.540.590.86-0.010.210.89-0.870.590.710.55-0.410.89
0.850.750.910.60.69-0.860.550.78-0.24-0.090.75-0.610.940.650.50.910.00.490.9-0.860.730.820.82-0.440.89
Click cells to compare fundamentals

Devonian Health Account Relationship Matchups

Devonian Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.7M14.6M21.6M19.2M22.1M15.6M
Total Current Liabilities2.6M1.8M1.0M4.9M5.6M5.9M
Total Stockholder Equity9.4M7.5M16.3M14.2M16.4M9.7M
Net Tangible Assets(1.5M)(2.3M)(3.4M)6.0M6.9M7.2M
Retained Earnings(14.0M)(17.4M)(20.8M)(25.4M)(22.9M)(21.7M)
Accounts Payable1.5M555.5K410.4K753.6K866.6K626.7K
Cash913.0K344.8K2.8M5.1M5.8M6.1M
Long Term Debt4.4M4.7M5.3M4.3M4.9M4.3M
Net Receivables282.6K175.9K220.0K663.6K763.2K801.3K
Other Stockholder Equity2.3M2.8M1.3M5.9M6.7M7.1M
Total Liab7.3M7.1M5.3M4.9M5.7M5.9M
Total Current Assets1.7M664.2K8.4M6.3M7.3M7.7M
Intangible Assets7.0M6.2M5.6M5.5M6.3M6.7M
Common Stock16.8M19.0M20.2M27.6M31.7M16.1M
Property Plant Equipment3.6M3.3M3.1M2.9M2.6M3.0M
Non Current Assets Total15.0M13.9M13.2M12.8M14.8M13.0M
Non Current Liabilities Total4.7M5.3M4.3M72.6K83.5K79.3K
Inventory86.6K28.2K154.6K159.8K183.8K126.1K
Common Stock Shares Outstanding82.5M93.5M131.1M144.5M166.1M101.4M
Net Invested Capital14.0M12.8M20.5M17.8M20.5M16.9M
Net Working Capital(898.4K)(1.1M)7.4M1.5M1.7M1.3M
Net Debt4.2M3.7M4.9M1.5M1.3M1.2M
Capital Stock19.0M20.2M27.6M29.3M33.7M23.8M

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Additional Tools for Devonian Stock Analysis

When running Devonian Health's price analysis, check to measure Devonian Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devonian Health is operating at the current time. Most of Devonian Health's value examination focuses on studying past and present price action to predict the probability of Devonian Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devonian Health's price. Additionally, you may evaluate how the addition of Devonian Health to your portfolios can decrease your overall portfolio volatility.