SunLink Depreciation vs Free Cash Flow Analysis

SSY Stock  USD 0.75  0.02  2.60%   
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 Depreciation and its Free Cash Flow 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.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunLink Health Systems Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.
The correlation between SunLink Health's Depreciation and Free Cash Flow is 0.03. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow 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 Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of SunLink Health Systems are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., SunLink Health's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Depreciation

Depreciation indicates how much of SunLink Health Systems value has been used up. For tax purposes SunLink Health can deduct the cost of the tangible assets it purchases as business expenses. However, SunLink Health Systems must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
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 Expense15K1K900.0855.0
Depreciation And Amortization1.5M1.8M2.0M2.5M

SunLink Health fundamental ratios Correlations

0.940.390.830.620.770.860.79-0.610.80.47-0.60.660.470.860.320.630.270.910.670.70.840.730.670.850.65
0.940.370.870.420.610.690.6-0.580.650.42-0.550.440.440.660.230.520.280.940.570.760.910.650.670.820.51
0.390.370.65-0.25-0.140.270.26-0.47-0.13-0.03-0.450.73-0.540.350.96-0.27-0.760.620.880.010.63-0.320.040.12-0.1
0.830.870.650.120.360.650.4-0.60.440.53-0.570.610.10.590.550.37-0.10.970.770.70.890.350.430.690.34
0.620.42-0.250.120.930.710.85-0.190.890.25-0.220.390.770.72-0.20.710.660.240.160.420.160.850.510.570.69
0.770.61-0.140.360.930.860.82-0.40.980.42-0.430.450.760.83-0.120.840.630.470.250.580.340.910.640.760.74
0.860.690.270.650.710.860.76-0.690.890.63-0.720.740.50.940.330.760.250.690.570.590.560.750.520.810.74
0.790.60.260.40.850.820.76-0.430.760.1-0.440.720.440.840.260.490.250.530.570.350.50.650.60.580.57
-0.61-0.58-0.47-0.6-0.19-0.4-0.69-0.43-0.45-0.441.0-0.51-0.09-0.58-0.48-0.370.13-0.66-0.42-0.29-0.69-0.34-0.58-0.6-0.43
0.80.65-0.130.440.890.980.890.76-0.450.59-0.480.440.780.84-0.10.880.640.520.250.640.390.950.60.80.83
0.470.42-0.030.530.250.420.630.1-0.440.59-0.450.220.440.460.030.650.330.450.150.590.30.560.150.550.69
-0.6-0.55-0.45-0.57-0.22-0.43-0.72-0.441.0-0.48-0.45-0.54-0.1-0.61-0.48-0.40.13-0.63-0.42-0.28-0.65-0.35-0.56-0.6-0.45
0.660.440.730.610.390.450.740.72-0.510.440.22-0.54-0.070.790.80.2-0.350.610.910.230.520.20.20.420.33
0.470.44-0.540.10.770.760.50.44-0.090.780.44-0.1-0.070.41-0.530.720.930.18-0.190.610.110.90.390.590.7
0.860.660.350.590.720.830.940.84-0.580.840.46-0.610.790.410.390.640.170.680.650.40.570.680.480.740.75
0.320.230.960.55-0.2-0.120.330.26-0.48-0.10.03-0.480.8-0.530.39-0.25-0.780.50.86-0.080.5-0.32-0.050.07-0.05
0.630.52-0.270.370.710.840.760.49-0.370.880.65-0.40.20.720.64-0.250.660.40.060.660.270.840.560.80.7
0.270.28-0.76-0.10.660.630.250.250.130.640.330.13-0.350.930.17-0.780.66-0.02-0.450.51-0.080.810.370.420.53
0.910.940.620.970.240.470.690.53-0.660.520.45-0.630.610.180.680.50.4-0.020.750.650.950.450.560.750.44
0.670.570.880.770.160.250.570.57-0.420.250.15-0.420.91-0.190.650.860.06-0.450.750.290.690.060.170.40.18
0.70.760.010.70.420.580.590.35-0.290.640.59-0.280.230.610.4-0.080.660.510.650.290.530.680.40.750.38
0.840.910.630.890.160.340.560.5-0.690.390.3-0.650.520.110.570.50.27-0.080.950.690.530.360.610.70.36
0.730.65-0.320.350.850.910.750.65-0.340.950.56-0.350.20.90.68-0.320.840.810.450.060.680.360.580.760.81
0.670.670.040.430.510.640.520.6-0.580.60.15-0.560.20.390.48-0.050.560.370.560.170.40.610.580.610.37
0.850.820.120.690.570.760.810.58-0.60.80.55-0.60.420.590.740.070.80.420.750.40.750.70.760.610.65
0.650.51-0.10.340.690.740.740.57-0.430.830.69-0.450.330.70.75-0.050.70.530.440.180.380.360.810.370.65
Click cells to compare fundamentals

SunLink Health Account Relationship Matchups

SunLink Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.0M31.6M27.9M23.3M20.6M56.5M
Short Long Term Debt Total4.3M4.3M1.3M1.1M528K23.7M
Other Current Liab4.2M5.7M2.8M3.4M2.0M12.7M
Total Current Liabilities11.4M9.7M7.7M4.9M4.2M28.2M
Total Stockholder Equity13.7M20.8M19.1M17.4M16.0M9.6M
Property Plant And Equipment Net6.3M7.8M9.4M9.3M3.3M3.2M
Net Debt(6.9M)(5.6M)(5.5M)(3.4M)(6.6M)(6.3M)
Retained Earnings(82K)6.8M4.8M3.0M1.5M3.5M
Cash11.2M10.0M6.8M4.5M7.2M3.3M
Non Current Assets Total8.0M9.6M11.1M11.0M4.9M4.7M
Non Currrent Assets Other500K591K523K489K443K420.9K
Cash And Short Term Investments11.2M10.0M6.8M4.5M7.2M4.2M
Net Receivables4.3M7.8M6.4M2.6M3.4M3.2M
Common Stock Shares Outstanding7.0M7.0M6.9M7.0M7.0M7.2M
Liabilities And Stockholders Equity28.0M31.6M27.9M23.3M20.6M19.6M
Non Current Liabilities Total2.8M1.1M1.1M983K426K404.7K
Inventory1.9M1.9M1.7M1.8M1.6M4.7M
Other Current Assets2.6M2.3M1.9M5.2M3.6M1.7M
Other Stockholder Equity10.7M10.7M10.7M10.7M10.7M10.5M
Total Liab14.2M10.8M8.8M5.9M4.6M46.9M
Total Current Assets19.9M21.9M16.8M12.3M15.7M24.9M
Short Term Debt1.8M3.4M392K409K331K6.3M
Accounts Payable872K1.1M1.3M888K1.9M9.2M
Intangible Assets1.4M1.3M1.2M1.2M1.2M1.5M
Property Plant And Equipment Gross6.3M7.8M25.1M25.2M13.2M30.2M
Accumulated Other Comprehensive Income(339K)(162K)106K150K227K(6.0M)
Other Liab248K162K261K309K1.3M2.0M
Other Assets500K591K523K489K241K229.0K
Long Term Debt1.9M52K14K17.3M15.6M10.0M
Common Stock Total Equity3.7M3.5M3.5M3.5M2.9M4.0M
Common Stock3.5M3.5M3.5M3.5M3.5M3.5M
Property Plant Equipment6.3M7.8M9.4M9.3M30.2M20.4M
Net Tangible Assets12.5M19.6M17.9M16.2M14.6M17.8M
Capital Surpluse10.7M10.7M10.7M10.7M9.7M9.8M
Non Current Liabilities Other248K162K192K240K229K217.6K
Short Long Term Debt2.8M1.4M3.0M40K36K34.2K

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