Devonian Total Stockholder Equity vs Short Term Debt 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 Short Term Debt 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 Short Term Debt

Total Stockholder Equity vs Short Term Debt 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 Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Devonian Health's Total Stockholder Equity and Short Term Debt is -0.06. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Term Debt 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 Short Term Debt 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 Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Stockholder Equity i.e., Devonian Health's Total Stockholder Equity and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Short Term Debt

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Inventory	Deferred Long Term Liab	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		0.74	0.98	0.86	0.42	-0.87	0.77	0.66	-0.32	-0.18	0.76	-0.84	0.8	0.93	0.34	0.76	-0.06	0.71	0.95	-0.92	0.97	0.92	0.78	-0.3	0.74	0.85
Total Current Liabilities	0.74		0.73	0.53	0.59	-0.86	0.68	0.88	-0.24	-0.03	0.87	-0.61	0.88	0.69	0.71	0.76	0.02	0.54	0.76	-0.83	0.71	0.83	0.64	-0.72	0.77	0.75
Total Stockholder Equity	0.98	0.73		0.84	0.54	-0.87	0.69	0.72	-0.3	-0.19	0.75	-0.8	0.84	0.85	0.37	0.83	-0.06	0.62	0.96	-0.91	0.91	0.87	0.79	-0.29	0.8	0.91
Other Liab	0.86	0.53	0.84		0.28	-0.64	0.63	0.47	-0.61	0.04	0.6	-0.61	0.53	0.82	-0.05	0.53	-0.43	0.62	0.77	-0.69	0.87	0.7	0.59	-0.11	0.51	0.6
Net Tangible Assets	0.42	0.59	0.54	0.28		-0.59	0.03	0.89	-0.19	-0.06	0.46	-0.26	0.8	0.14	0.55	0.88	-0.07	-0.09	0.5	-0.5	0.23	0.32	0.37	-0.62	0.71	0.69
Retained Earnings	-0.87	-0.86	-0.87	-0.64	-0.59		-0.68	-0.82	0.27	0.02	-0.68	0.72	-0.89	-0.79	-0.55	-0.86	0.01	-0.45	-0.94	0.98	-0.8	-0.89	-0.59	0.49	-0.9	-0.86
Accounts Payable	0.77	0.68	0.69	0.63	0.03	-0.68		0.39	-0.25	-0.02	0.64	-0.66	0.55	0.86	0.26	0.4	-0.02	0.76	0.72	-0.74	0.83	0.83	0.6	-0.22	0.49	0.55
Cash	0.66	0.88	0.72	0.47	0.89	-0.82	0.39		-0.21	-0.1	0.7	-0.53	0.93	0.47	0.71	0.92	0.0	0.21	0.72	-0.76	0.53	0.62	0.5	-0.74	0.83	0.78
Other Assets	-0.32	-0.24	-0.3	-0.61	-0.19	0.27	-0.25	-0.21		-0.76	-0.27	-0.17	-0.21	-0.32	0.47	-0.23	0.95	-0.23	-0.28	0.22	-0.32	-0.29	-0.21	0.11	-0.2	-0.24
Long Term Debt	-0.18	-0.03	-0.19	0.04	-0.06	0.02	-0.02	-0.1	-0.76		-0.12	0.61	-0.12	-0.13	-0.49	-0.12	-0.82	-0.15	-0.09	0.1	-0.18	-0.06	-0.19	-0.01	0.04	-0.09
Net Receivables	0.76	0.87	0.75	0.6	0.46	-0.68	0.64	0.7	-0.27	-0.12		-0.58	0.79	0.7	0.53	0.64	-0.02	0.78	0.68	-0.69	0.76	0.82	0.89	-0.57	0.58	0.75
Other Current Assets	-0.84	-0.61	-0.8	-0.61	-0.26	0.72	-0.66	-0.53	-0.17	0.61	-0.58		-0.62	-0.83	-0.54	-0.59	-0.42	-0.61	-0.77	0.8	-0.85	-0.76	-0.56	0.26	-0.53	-0.61
Other Stockholder Equity	0.8	0.88	0.84	0.53	0.8	-0.89	0.55	0.93	-0.21	-0.12	0.79	-0.62		0.62	0.66	0.96	0.04	0.43	0.83	-0.86	0.68	0.8	0.71	-0.66	0.87	0.94
Total Liab	0.93	0.69	0.85	0.82	0.14	-0.79	0.86	0.47	-0.32	-0.13	0.7	-0.83	0.62		0.23	0.54	-0.04	0.83	0.83	-0.86	0.99	0.93	0.66	-0.28	0.54	0.65
Short Long Term Debt	0.34	0.71	0.37	-0.05	0.55	-0.55	0.26	0.71	0.47	-0.49	0.53	-0.54	0.66	0.23		0.57	0.64	0.13	0.43	-0.54	0.26	0.42	0.33	-0.64	0.59	0.5
Total Current Assets	0.76	0.76	0.83	0.53	0.88	-0.86	0.4	0.92	-0.23	-0.12	0.64	-0.59	0.96	0.54	0.57		-0.01	0.26	0.81	-0.82	0.61	0.69	0.6	-0.6	0.86	0.91
Short Term Debt	-0.06	0.02	-0.06	-0.43	-0.07	0.01	-0.02	0.0	0.95	-0.82	-0.02	-0.42	0.04	-0.04	0.64	-0.01		0.0	-0.04	-0.06	-0.05	0.01	0.0	-0.07	-0.01	0.0
Intangible Assets	0.71	0.54	0.62	0.62	-0.09	-0.45	0.76	0.21	-0.23	-0.15	0.78	-0.61	0.43	0.83	0.13	0.26	0.0		0.53	-0.54	0.83	0.8	0.79	-0.24	0.21	0.49
Common Stock	0.95	0.76	0.96	0.77	0.5	-0.94	0.72	0.72	-0.28	-0.09	0.68	-0.77	0.83	0.83	0.43	0.81	-0.04	0.53		-0.96	0.87	0.88	0.69	-0.28	0.89	0.9
Property Plant Equipment	-0.92	-0.83	-0.91	-0.69	-0.5	0.98	-0.74	-0.76	0.22	0.1	-0.69	0.8	-0.86	-0.86	-0.54	-0.82	-0.06	-0.54	-0.96		-0.87	-0.92	-0.62	0.46	-0.87	-0.86
Non Current Assets Total	0.97	0.71	0.91	0.87	0.23	-0.8	0.83	0.53	-0.32	-0.18	0.76	-0.85	0.68	0.99	0.26	0.61	-0.05	0.83	0.87	-0.87		0.93	0.75	-0.28	0.59	0.73
Non Currrent Assets Other	0.92	0.83	0.87	0.7	0.32	-0.89	0.83	0.62	-0.29	-0.06	0.82	-0.76	0.8	0.93	0.42	0.69	0.01	0.8	0.88	-0.92	0.93		0.78	-0.44	0.71	0.82
Inventory	0.78	0.64	0.79	0.59	0.37	-0.59	0.6	0.5	-0.21	-0.19	0.89	-0.56	0.71	0.66	0.33	0.6	0.0	0.79	0.69	-0.62	0.75	0.78		-0.26	0.55	0.82
Deferred Long Term Liab	-0.3	-0.72	-0.29	-0.11	-0.62	0.49	-0.22	-0.74	0.11	-0.01	-0.57	0.26	-0.66	-0.28	-0.64	-0.6	-0.07	-0.24	-0.28	0.46	-0.28	-0.44	-0.26		-0.41	-0.44
Common Stock Shares Outstanding	0.74	0.77	0.8	0.51	0.71	-0.9	0.49	0.83	-0.2	0.04	0.58	-0.53	0.87	0.54	0.59	0.86	-0.01	0.21	0.89	-0.87	0.59	0.71	0.55	-0.41		0.89
Net Invested Capital	0.85	0.75	0.91	0.6	0.69	-0.86	0.55	0.78	-0.24	-0.09	0.75	-0.61	0.94	0.65	0.5	0.91	0.0	0.49	0.9	-0.86	0.73	0.82	0.82	-0.44	0.89

Click cells to compare fundamentals

Devonian Health Account Relationship Matchups

Devonian Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.7M	14.6M	21.6M	19.2M	22.1M	15.6M
Total Current Liabilities	2.6M	1.8M	1.0M	4.9M	5.6M	5.9M
Total Stockholder Equity	9.4M	7.5M	16.3M	14.2M	16.4M	9.7M
Net Tangible Assets	(1.5M)	(2.3M)	(3.4M)	6.0M	6.9M	7.2M
Retained Earnings	(14.0M)	(17.4M)	(20.8M)	(25.4M)	(22.9M)	(21.7M)
Accounts Payable	1.5M	555.5K	410.4K	753.6K	866.6K	626.7K
Cash	913.0K	344.8K	2.8M	5.1M	5.8M	6.1M
Long Term Debt	4.4M	4.7M	5.3M	4.3M	4.9M	4.3M
Net Receivables	282.6K	175.9K	220.0K	663.6K	763.2K	801.3K
Other Stockholder Equity	2.3M	2.8M	1.3M	5.9M	6.7M	7.1M
Total Liab	7.3M	7.1M	5.3M	4.9M	5.7M	5.9M
Total Current Assets	1.7M	664.2K	8.4M	6.3M	7.3M	7.7M
Intangible Assets	7.0M	6.2M	5.6M	5.5M	6.3M	6.7M
Common Stock	16.8M	19.0M	20.2M	27.6M	31.7M	16.1M
Property Plant Equipment	3.6M	3.3M	3.1M	2.9M	2.6M	3.0M
Non Current Assets Total	15.0M	13.9M	13.2M	12.8M	14.8M	13.0M
Non Current Liabilities Total	4.7M	5.3M	4.3M	72.6K	83.5K	79.3K
Inventory	86.6K	28.2K	154.6K	159.8K	183.8K	126.1K
Common Stock Shares Outstanding	82.5M	93.5M	131.1M	144.5M	166.1M	101.4M
Net Invested Capital	14.0M	12.8M	20.5M	17.8M	20.5M	16.9M
Net Working Capital	(898.4K)	(1.1M)	7.4M	1.5M	1.7M	1.3M
Net Debt	4.2M	3.7M	4.9M	1.5M	1.3M	1.2M
Capital Stock	19.0M	20.2M	27.6M	29.3M	33.7M	23.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC