SunLink Total Assets vs Net Tangible Assets Analysis

SSY Stock

USD 0.96 0.11 12.94%

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 Total Assets and its Net Tangible Assets 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.

Total Assets vs Net Tangible Assets

Total Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunLink Health Systems Total Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between SunLink Health's Total Assets and Net Tangible Assets is 0.79. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Tangible Assets 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 Total Assets and Net Tangible Assets 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 Assets of SunLink Health Systems are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Assets i.e., SunLink Health's Total Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Assets

Total assets refers to the total amount of SunLink Health assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in SunLink Health Systems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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 11.9 M in 2025. Discontinued Operations is likely to rise to about (119.7 K) in 2025

	2022	2024	2025 (projected)
Interest Expense	1K	900.0	855.0
Depreciation And Amortization	1.8M	2.3M	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		0.84	0.39	0.83	0.59	0.76	0.85	0.79	-0.61	0.79	0.47	-0.52	0.64	0.51	0.84	0.32	0.61	0.3	0.91	0.67	0.7	0.71	0.71	0.67	0.81	0.64
Short Long Term Debt Total	0.84		0.34	0.79	0.19	0.43	0.51	0.47	-0.56	0.47	0.31	-0.4	0.27	0.4	0.47	0.23	0.35	0.28	0.87	0.5	0.67	0.93	0.65	0.61	0.71	0.37
Other Current Liab	0.39	0.34		0.65	-0.24	-0.14	0.26	0.25	-0.47	-0.13	-0.03	-0.36	0.7	-0.5	0.34	0.96	-0.27	-0.71	0.62	0.88	0.01	0.55	-0.31	0.04	0.08	-0.11
Total Current Liabilities	0.83	0.79	0.65		0.1	0.35	0.63	0.39	-0.6	0.43	0.52	-0.44	0.57	0.15	0.57	0.55	0.35	-0.03	0.97	0.77	0.7	0.78	0.35	0.44	0.62	0.33
Total Stockholder Equity	0.59	0.19	-0.24	0.1		0.93	0.72	0.84	-0.14	0.89	0.28	-0.27	0.44	0.71	0.73	-0.21	0.73	0.58	0.2	0.15	0.4	-0.06	0.72	0.48	0.55	0.7
Property Plant And Equipment Net	0.76	0.43	-0.14	0.35	0.93		0.86	0.83	-0.37	0.98	0.44	-0.46	0.48	0.73	0.84	-0.13	0.85	0.58	0.44	0.24	0.57	0.17	0.83	0.63	0.75	0.75
Net Debt	0.85	0.51	0.26	0.63	0.72	0.86		0.77	-0.65	0.9	0.64	-0.74	0.75	0.48	0.94	0.31	0.77	0.22	0.66	0.56	0.59	0.37	0.68	0.51	0.81	0.75
Retained Earnings	0.79	0.47	0.25	0.39	0.84	0.83	0.77		-0.41	0.77	0.12	-0.46	0.72	0.43	0.84	0.25	0.5	0.23	0.52	0.57	0.34	0.35	0.6	0.59	0.58	0.58
Cash	-0.61	-0.56	-0.47	-0.6	-0.14	-0.37	-0.65	-0.41		-0.42	-0.41	0.92	-0.47	-0.11	-0.54	-0.48	-0.34	0.1	-0.66	-0.42	-0.29	-0.64	-0.35	-0.58	-0.58	-0.4
Non Current Assets Total	0.79	0.47	-0.13	0.43	0.89	0.98	0.9	0.77	-0.42		0.6	-0.5	0.47	0.75	0.85	-0.11	0.89	0.6	0.5	0.25	0.63	0.22	0.87	0.59	0.79	0.84
Non Currrent Assets Other	0.47	0.31	-0.03	0.52	0.28	0.44	0.64	0.12	-0.41	0.6		-0.47	0.25	0.43	0.48	0.02	0.66	0.31	0.44	0.15	0.58	0.18	0.52	0.15	0.55	0.7
Cash And Short Term Investments	-0.52	-0.4	-0.36	-0.44	-0.27	-0.46	-0.74	-0.46	0.92	-0.5	-0.47		-0.56	-0.09	-0.63	-0.46	-0.42	0.14	-0.48	-0.38	-0.2	-0.44	-0.39	-0.44	-0.6	-0.48
Net Receivables	0.64	0.27	0.7	0.57	0.44	0.48	0.75	0.72	-0.47	0.47	0.25	-0.56		-0.08	0.8	0.76	0.25	-0.36	0.56	0.88	0.22	0.3	0.15	0.18	0.42	0.36
Common Stock Shares Outstanding	0.51	0.4	-0.5	0.15	0.71	0.73	0.48	0.43	-0.11	0.75	0.43	-0.09	-0.08		0.39	-0.53	0.7	0.92	0.24	-0.18	0.64	0.1	0.85	0.44	0.59	0.68
Non Current Liabilities Total	0.84	0.47	0.34	0.57	0.73	0.84	0.94	0.84	-0.54	0.85	0.48	-0.63	0.8	0.39		0.37	0.66	0.14	0.65	0.63	0.4	0.35	0.61	0.47	0.73	0.76
Inventory	0.32	0.23	0.96	0.55	-0.21	-0.13	0.31	0.25	-0.48	-0.11	0.02	-0.46	0.76	-0.53	0.37		-0.26	-0.77	0.5	0.86	-0.08	0.45	-0.3	-0.05	0.07	-0.06
Other Current Assets	0.61	0.35	-0.27	0.35	0.73	0.85	0.77	0.5	-0.34	0.89	0.66	-0.42	0.25	0.7	0.66	-0.26		0.62	0.37	0.06	0.64	0.1	0.76	0.54	0.79	0.72
Other Stockholder Equity	0.3	0.28	-0.71	-0.03	0.58	0.58	0.22	0.23	0.1	0.6	0.31	0.14	-0.36	0.92	0.14	-0.77	0.62		0.06	-0.43	0.55	-0.02	0.76	0.43	0.41	0.5
Total Liab	0.91	0.87	0.62	0.97	0.2	0.44	0.66	0.52	-0.66	0.5	0.44	-0.48	0.56	0.24	0.65	0.5	0.37	0.06		0.75	0.65	0.85	0.46	0.56	0.68	0.42
Total Current Assets	0.67	0.5	0.88	0.77	0.15	0.24	0.56	0.57	-0.42	0.25	0.15	-0.38	0.88	-0.18	0.63	0.86	0.06	-0.43	0.75		0.29	0.59	0.06	0.17	0.39	0.18
Short Term Debt	0.7	0.67	0.01	0.7	0.4	0.57	0.59	0.34	-0.29	0.63	0.58	-0.2	0.22	0.64	0.4	-0.08	0.64	0.55	0.65	0.29		0.44	0.67	0.4	0.71	0.38
Accounts Payable	0.71	0.93	0.55	0.78	-0.06	0.17	0.37	0.35	-0.64	0.22	0.18	-0.44	0.3	0.1	0.35	0.45	0.1	-0.02	0.85	0.59	0.44		0.4	0.53	0.57	0.2
Intangible Assets	0.71	0.65	-0.31	0.35	0.72	0.83	0.68	0.6	-0.35	0.87	0.52	-0.39	0.15	0.85	0.61	-0.3	0.76	0.76	0.46	0.06	0.67	0.4		0.57	0.79	0.75
Property Plant And Equipment Gross	0.67	0.61	0.04	0.44	0.48	0.63	0.51	0.59	-0.58	0.59	0.15	-0.44	0.18	0.44	0.47	-0.05	0.54	0.43	0.56	0.17	0.4	0.53	0.57		0.55	0.36
Other Liab	0.81	0.71	0.08	0.62	0.55	0.75	0.81	0.58	-0.58	0.79	0.55	-0.6	0.42	0.59	0.73	0.07	0.79	0.41	0.68	0.39	0.71	0.57	0.79	0.55		0.65
Other Assets	0.64	0.37	-0.11	0.33	0.7	0.75	0.75	0.58	-0.4	0.84	0.7	-0.48	0.36	0.68	0.76	-0.06	0.72	0.5	0.42	0.18	0.38	0.2	0.75	0.36	0.65

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SunLink Health Account Relationship Matchups

SunLink Health fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	31.6M	27.9M	23.3M	20.6M	56.5M	41.7M
Short Long Term Debt Total	4.3M	1.3M	1.1M	528K	23.7M	24.9M
Other Current Liab	5.7M	2.8M	3.4M	2.0M	12.7M	7.1M
Total Current Liabilities	9.7M	7.7M	4.9M	4.2M	28.2M	16.2M
Total Stockholder Equity	20.8M	19.1M	17.4M	16.0M	9.6M	9.1M
Property Plant And Equipment Net	7.8M	9.4M	9.3M	3.3M	3.8M	3.6M
Net Debt	(5.6M)	(5.5M)	(3.4M)	(6.6M)	(6.0M)	(5.7M)
Retained Earnings	6.8M	4.8M	3.0M	1.5M	3.5M	3.4M
Cash	10.0M	6.8M	4.5M	7.2M	3.3M	4.2M
Non Current Assets Total	9.6M	11.1M	11.0M	4.9M	5.7M	5.4M
Non Currrent Assets Other	591K	523K	489K	443K	398.7K	378.8K
Cash And Short Term Investments	10.0M	6.8M	4.5M	7.2M	8.2M	4.2M
Net Receivables	7.8M	6.4M	2.6M	3.4M	3.0M	2.9M
Common Stock Shares Outstanding	7.0M	6.9M	7.0M	7.0M	8.1M	7.2M
Liabilities And Stockholders Equity	31.6M	27.9M	23.3M	20.6M	18.6M	17.6M
Non Current Liabilities Total	1.1M	1.1M	983K	426K	383.4K	364.2K
Inventory	1.9M	1.7M	1.8M	1.6M	4.7M	4.9M
Other Current Assets	2.3M	1.9M	5.2M	3.6M	1.7M	1.6M
Other Stockholder Equity	10.7M	10.7M	10.7M	10.7M	12.4M	10.5M
Total Liab	10.8M	8.8M	5.9M	4.6M	46.9M	26.1M
Total Current Assets	21.9M	16.8M	12.3M	15.7M	24.9M	22.2M
Short Term Debt	3.4M	392K	409K	331K	6.3M	3.6M
Accounts Payable	1.1M	1.3M	888K	1.9M	9.2M	9.6M
Intangible Assets	1.3M	1.2M	1.2M	1.2M	1.5M	2.5M
Property Plant And Equipment Gross	7.8M	25.1M	25.2M	13.2M	30.2M	18.7M
Accumulated Other Comprehensive Income	(162K)	106K	150K	227K	(6.0M)	(5.7M)
Other Liab	162K	261K	309K	1.3M	1.2M	2.0M
Other Assets	591K	523K	489K	241K	277.2K	263.3K
Long Term Debt	1.9M	52K	14K	17.3M	15.6M	10.0M
Common Stock	3.5M	3.5M	3.5M	3.5M	3.5M	3.9M
Property Plant Equipment	7.8M	9.4M	9.3M	30.2M	27.2M	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	162K	192K	240K	229K	206.1K	195.8K
Short Long Term Debt	2.8M	1.4M	3.0M	40K	36K	34.2K

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SunLink Total Assets vs Net Tangible Assets Analysis

Total Assets vs Net Tangible Assets

Total Assets vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Total Assets

Net Tangible Assets

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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Additional Tools for SunLink Stock Analysis

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Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Total Liab	+ 0.97	Total Current Liabilities
Inventory	+ 0.96	Other Current Liab
Non Current Liabilities Total	+ 0.94	Net Debt
Accounts Payable	+ 0.93	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.93	Total Stockholder Equity

Other Stockholder Equity	- 0.77	Inventory
Cash And Short Term Investments	- 0.74	Net Debt
Other Stockholder Equity	- 0.71	Other Current Liab
Total Liab	- 0.66	Cash
Cash	- 0.65	Net Debt
Accounts Payable	- 0.64	Cash