Devonian Long Term Debt vs Short Long 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 Long Term Debt and its Short Long 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.
Long Term Debt vs Short Long Term Debt
Long Term Debt vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devonian Health Group Long Term Debt account and Short Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Devonian Health's Long Term Debt and Short Long Term Debt is -0.49. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Long 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 Long Term Debt and Short Long 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 Long Term Debt of Devonian Health Group are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Long Term Debt i.e., Devonian Health's Long Term Debt and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Devonian Health Group has held for over one year. Long-term debt appears on Devonian Health Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Devonian Health Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Short Long Term Debt
The total of a company's short-term and long-term borrowings.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
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Devonian Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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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.