SunLink Cash vs Retained Earnings Analysis

SSY Stock

USD 0.86 0.11 14.67%

SunLink Health financial indicator trend analysis is much more than just breaking down SunLink Health Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunLink Health Systems is a good investment. Please check the relationship between SunLink Health Cash and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunLink Health Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunLink Health Systems Cash account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SunLink Health's Cash and Retained Earnings is -0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of SunLink Health Systems, assuming nothing else is changed. The correlation between historical values of SunLink Health's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of SunLink Health Systems are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., SunLink Health's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of SunLink Health Systems, which is listed under current asset account on SunLink Health Systems balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SunLink Health customers. The amounts must be unrestricted with restricted cash listed in a different SunLink Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from SunLink Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunLink Health Systems 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SunLink Health Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Selling General Administrative is likely to drop to about 10.4 M in 2024. Discontinued Operations is likely to rise to about (119.7 K) in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	15K	1K	900.0	855.0
Depreciation And Amortization	1.5M	1.8M	2.0M	2.5M

Interest Expense Depreciation And Amortization

SunLink Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Property Plant And Equipment Gross	Other Liab	Other Assets
Total Assets		0.94	0.39	0.83	0.62	0.77	0.86	0.79	-0.61	0.8	0.47	-0.6	0.66	0.47	0.86	0.32	0.63	0.27	0.91	0.67	0.7	0.84	0.73	0.67	0.85	0.65
Short Long Term Debt Total	0.94		0.37	0.87	0.42	0.61	0.69	0.6	-0.58	0.65	0.42	-0.55	0.44	0.44	0.66	0.23	0.52	0.28	0.94	0.57	0.76	0.91	0.65	0.67	0.82	0.51
Other Current Liab	0.39	0.37		0.65	-0.25	-0.14	0.27	0.26	-0.47	-0.13	-0.03	-0.45	0.73	-0.54	0.35	0.96	-0.27	-0.76	0.62	0.88	0.01	0.63	-0.32	0.04	0.12	-0.1
Total Current Liabilities	0.83	0.87	0.65		0.12	0.36	0.65	0.4	-0.6	0.44	0.53	-0.57	0.61	0.1	0.59	0.55	0.37	-0.1	0.97	0.77	0.7	0.89	0.35	0.43	0.69	0.34
Total Stockholder Equity	0.62	0.42	-0.25	0.12		0.93	0.71	0.85	-0.19	0.89	0.25	-0.22	0.39	0.77	0.72	-0.2	0.71	0.66	0.24	0.16	0.42	0.16	0.85	0.51	0.57	0.69
Property Plant And Equipment Net	0.77	0.61	-0.14	0.36	0.93		0.86	0.82	-0.4	0.98	0.42	-0.43	0.45	0.76	0.83	-0.12	0.84	0.63	0.47	0.25	0.58	0.34	0.91	0.64	0.76	0.74
Net Debt	0.86	0.69	0.27	0.65	0.71	0.86		0.76	-0.69	0.89	0.63	-0.72	0.74	0.5	0.94	0.33	0.76	0.25	0.69	0.57	0.59	0.56	0.75	0.52	0.81	0.74
Retained Earnings	0.79	0.6	0.26	0.4	0.85	0.82	0.76		-0.43	0.76	0.1	-0.44	0.72	0.44	0.84	0.26	0.49	0.25	0.53	0.57	0.35	0.5	0.65	0.6	0.58	0.57
Cash	-0.61	-0.58	-0.47	-0.6	-0.19	-0.4	-0.69	-0.43		-0.45	-0.44	1.0	-0.51	-0.09	-0.58	-0.48	-0.37	0.13	-0.66	-0.42	-0.29	-0.69	-0.34	-0.58	-0.6	-0.43
Non Current Assets Total	0.8	0.65	-0.13	0.44	0.89	0.98	0.89	0.76	-0.45		0.59	-0.48	0.44	0.78	0.84	-0.1	0.88	0.64	0.52	0.25	0.64	0.39	0.95	0.6	0.8	0.83
Non Currrent Assets Other	0.47	0.42	-0.03	0.53	0.25	0.42	0.63	0.1	-0.44	0.59		-0.45	0.22	0.44	0.46	0.03	0.65	0.33	0.45	0.15	0.59	0.3	0.56	0.15	0.55	0.69
Cash And Short Term Investments	-0.6	-0.55	-0.45	-0.57	-0.22	-0.43	-0.72	-0.44	1.0	-0.48	-0.45		-0.54	-0.1	-0.61	-0.48	-0.4	0.13	-0.63	-0.42	-0.28	-0.65	-0.35	-0.56	-0.6	-0.45
Net Receivables	0.66	0.44	0.73	0.61	0.39	0.45	0.74	0.72	-0.51	0.44	0.22	-0.54		-0.07	0.79	0.8	0.2	-0.35	0.61	0.91	0.23	0.52	0.2	0.2	0.42	0.33
Common Stock Shares Outstanding	0.47	0.44	-0.54	0.1	0.77	0.76	0.5	0.44	-0.09	0.78	0.44	-0.1	-0.07		0.41	-0.53	0.72	0.93	0.18	-0.19	0.61	0.11	0.9	0.39	0.59	0.7
Non Current Liabilities Total	0.86	0.66	0.35	0.59	0.72	0.83	0.94	0.84	-0.58	0.84	0.46	-0.61	0.79	0.41		0.39	0.64	0.17	0.68	0.65	0.4	0.57	0.68	0.48	0.74	0.75
Inventory	0.32	0.23	0.96	0.55	-0.2	-0.12	0.33	0.26	-0.48	-0.1	0.03	-0.48	0.8	-0.53	0.39		-0.25	-0.78	0.5	0.86	-0.08	0.5	-0.32	-0.05	0.07	-0.05
Other Current Assets	0.63	0.52	-0.27	0.37	0.71	0.84	0.76	0.49	-0.37	0.88	0.65	-0.4	0.2	0.72	0.64	-0.25		0.66	0.4	0.06	0.66	0.27	0.84	0.56	0.8	0.7
Other Stockholder Equity	0.27	0.28	-0.76	-0.1	0.66	0.63	0.25	0.25	0.13	0.64	0.33	0.13	-0.35	0.93	0.17	-0.78	0.66		-0.02	-0.45	0.51	-0.08	0.81	0.37	0.42	0.53
Total Liab	0.91	0.94	0.62	0.97	0.24	0.47	0.69	0.53	-0.66	0.52	0.45	-0.63	0.61	0.18	0.68	0.5	0.4	-0.02		0.75	0.65	0.95	0.45	0.56	0.75	0.44
Total Current Assets	0.67	0.57	0.88	0.77	0.16	0.25	0.57	0.57	-0.42	0.25	0.15	-0.42	0.91	-0.19	0.65	0.86	0.06	-0.45	0.75		0.29	0.69	0.06	0.17	0.4	0.18
Short Term Debt	0.7	0.76	0.01	0.7	0.42	0.58	0.59	0.35	-0.29	0.64	0.59	-0.28	0.23	0.61	0.4	-0.08	0.66	0.51	0.65	0.29		0.53	0.68	0.4	0.75	0.38
Accounts Payable	0.84	0.91	0.63	0.89	0.16	0.34	0.56	0.5	-0.69	0.39	0.3	-0.65	0.52	0.11	0.57	0.5	0.27	-0.08	0.95	0.69	0.53		0.36	0.61	0.7	0.36
Intangible Assets	0.73	0.65	-0.32	0.35	0.85	0.91	0.75	0.65	-0.34	0.95	0.56	-0.35	0.2	0.9	0.68	-0.32	0.84	0.81	0.45	0.06	0.68	0.36		0.58	0.76	0.81
Property Plant And Equipment Gross	0.67	0.67	0.04	0.43	0.51	0.64	0.52	0.6	-0.58	0.6	0.15	-0.56	0.2	0.39	0.48	-0.05	0.56	0.37	0.56	0.17	0.4	0.61	0.58		0.61	0.37
Other Liab	0.85	0.82	0.12	0.69	0.57	0.76	0.81	0.58	-0.6	0.8	0.55	-0.6	0.42	0.59	0.74	0.07	0.8	0.42	0.75	0.4	0.75	0.7	0.76	0.61		0.65
Other Assets	0.65	0.51	-0.1	0.34	0.69	0.74	0.74	0.57	-0.43	0.83	0.69	-0.45	0.33	0.7	0.75	-0.05	0.7	0.53	0.44	0.18	0.38	0.36	0.81	0.37	0.65

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SunLink Health Account Relationship Matchups

SunLink Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.0M	31.6M	27.9M	23.3M	20.6M	56.5M
Short Long Term Debt Total	4.3M	4.3M	1.3M	1.1M	528K	23.7M
Other Current Liab	4.2M	5.7M	2.8M	3.4M	2.0M	12.7M
Total Current Liabilities	11.4M	9.7M	7.7M	4.9M	4.2M	28.2M
Total Stockholder Equity	13.7M	20.8M	19.1M	17.4M	16.0M	9.6M
Property Plant And Equipment Net	6.3M	7.8M	9.4M	9.3M	3.3M	3.2M
Net Debt	(6.9M)	(5.6M)	(5.5M)	(3.4M)	(6.6M)	(6.3M)
Retained Earnings	(82K)	6.8M	4.8M	3.0M	1.5M	3.5M
Cash	11.2M	10.0M	6.8M	4.5M	7.2M	3.3M
Non Current Assets Total	8.0M	9.6M	11.1M	11.0M	4.9M	4.7M
Non Currrent Assets Other	500K	591K	523K	489K	443K	420.9K
Cash And Short Term Investments	11.2M	10.0M	6.8M	4.5M	7.2M	4.2M
Net Receivables	4.3M	7.8M	6.4M	2.6M	3.4M	3.2M
Common Stock Shares Outstanding	7.0M	7.0M	6.9M	7.0M	7.0M	7.2M
Liabilities And Stockholders Equity	28.0M	31.6M	27.9M	23.3M	20.6M	19.6M
Non Current Liabilities Total	2.8M	1.1M	1.1M	983K	426K	404.7K
Inventory	1.9M	1.9M	1.7M	1.8M	1.6M	4.7M
Other Current Assets	2.6M	2.3M	1.9M	5.2M	3.6M	1.7M
Other Stockholder Equity	10.7M	10.7M	10.7M	10.7M	10.7M	10.5M
Total Liab	14.2M	10.8M	8.8M	5.9M	4.6M	46.9M
Total Current Assets	19.9M	21.9M	16.8M	12.3M	15.7M	24.9M
Short Term Debt	1.8M	3.4M	392K	409K	331K	6.3M
Accounts Payable	872K	1.1M	1.3M	888K	1.9M	9.2M
Intangible Assets	1.4M	1.3M	1.2M	1.2M	1.2M	1.5M
Property Plant And Equipment Gross	6.3M	7.8M	25.1M	25.2M	13.2M	30.2M
Accumulated Other Comprehensive Income	(339K)	(162K)	106K	150K	227K	(6.0M)
Other Liab	248K	162K	261K	309K	1.3M	2.0M
Other Assets	500K	591K	523K	489K	241K	229.0K
Long Term Debt	1.9M	52K	14K	17.3M	15.6M	10.0M
Common Stock Total Equity	3.7M	3.5M	3.5M	3.5M	2.9M	4.0M
Common Stock	3.5M	3.5M	3.5M	3.5M	3.5M	3.5M
Property Plant Equipment	6.3M	7.8M	9.4M	9.3M	30.2M	20.4M
Net Tangible Assets	12.5M	19.6M	17.9M	16.2M	14.6M	17.8M
Capital Surpluse	10.7M	10.7M	10.7M	10.7M	9.7M	9.8M
Non Current Liabilities Other	248K	162K	192K	240K	229K	217.6K
Short Long Term Debt	2.8M	1.4M	3.0M	40K	36K	34.2K

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SunLink Cash vs Retained Earnings Analysis

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash

Retained Earnings

SunLink Health fundamental ratios Correlations

SunLink Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SunLink Health fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Total Liab	+ 0.97	Total Current Liabilities
Inventory	+ 0.96	Other Current Liab
Intangible Assets	+ 0.95	Non Current Assets Total
Accounts Payable	+ 0.95	Total Liab

Other Stockholder Equity	- 0.78	Inventory
Other Stockholder Equity	- 0.76	Other Current Liab
Cash And Short Term Investments	- 0.72	Net Debt
Accounts Payable	- 0.69	Cash
Cash	- 0.69	Net Debt
Total Liab	- 0.66	Cash