SunLink Cash vs Accounts Payable Analysis
SSY Stock | USD 0.59 0.01 1.67% |
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 Accounts Payable 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 tightly coupled with the direction of predictive economic indicators such as signals in state.
Cash vs Accounts Payable
Cash vs Accounts Payable 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 Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between SunLink Health's Cash and Accounts Payable is -0.65. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable 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 Accounts Payable 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 Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., SunLink Health's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.Accounts Payable
An accounting item on the balance sheet that represents SunLink Health obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of SunLink Health Systems are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 tightly coupled with the direction of predictive economic indicators such as signals in state. Selling General Administrative is likely to rise to about 30.3 M in 2024, despite the fact that Discontinued Operations is likely to grow to (119.7 K).
2021 | 2023 | 2024 (projected) | Total Revenue | 41.3M | 43.2M | 78.5M | Interest Expense | 15K | 13.5K | 12.8K |
SunLink Health fundamental ratios Correlations
Click cells to compare fundamentals
SunLink Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SunLink Health fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 28.0M | 31.6M | 27.9M | 23.3M | 56.5M | 42.4M | |
Short Long Term Debt Total | 4.3M | 4.3M | 1.3M | 1.1M | 23.7M | 11.9M | |
Other Current Liab | 4.2M | 4.7M | 5.4M | 2.6M | 12.7M | 7.2M | |
Total Current Liabilities | 11.4M | 9.7M | 7.7M | 4.9M | 28.2M | 16.5M | |
Total Stockholder Equity | 13.7M | 20.8M | 19.1M | 17.4M | 9.6M | 9.1M | |
Property Plant And Equipment Net | 6.3M | 7.8M | 9.4M | 9.3M | 10.7M | 20.7M | |
Net Debt | (6.9M) | (5.6M) | (5.5M) | (3.4M) | (3.1M) | (2.9M) | |
Retained Earnings | (82K) | 6.8M | 4.8M | 3.0M | 3.5M | 3.4M | |
Cash | 11.2M | 10.0M | 6.8M | 4.5M | 3.3M | 4.1M | |
Non Current Assets Total | 8.0M | 9.6M | 11.1M | 11.0M | 12.6M | 12.0M | |
Non Currrent Assets Other | 500K | 591K | 523K | 489K | 440.1K | 418.1K | |
Cash And Short Term Investments | 11.2M | 10.0M | 6.8M | 4.5M | 5.2M | 4.1M | |
Net Receivables | 4.3M | 7.8M | 6.4M | 4.3M | 3.8M | 3.6M | |
Common Stock Shares Outstanding | 7.0M | 7.0M | 6.9M | 7.0M | 8.1M | 7.2M | |
Liabilities And Stockholders Equity | 28.0M | 31.6M | 27.9M | 23.3M | 20.9M | 19.9M | |
Non Current Liabilities Total | 2.8M | 1.1M | 1.1M | 983K | 884.7K | 840.5K | |
Inventory | 1.9M | 1.9M | 1.7M | 1.8M | 4.7M | 5.0M | |
Other Current Assets | 2.6M | 2.3M | 1.9M | 1.8M | 1.7M | 1.6M | |
Other Stockholder Equity | 10.7M | 10.7M | 10.7M | 10.7M | 12.4M | 10.4M | |
Total Liab | 14.2M | 10.8M | 8.8M | 5.9M | 46.9M | 26.6M | |
Total Current Assets | 19.9M | 21.9M | 16.8M | 12.3M | 24.9M | 22.4M | |
Short Term Debt | 1.8M | 3.4M | 392K | 409K | 6.3M | 3.7M | |
Accounts Payable | 872K | 1.1M | 1.3M | 1.8M | 9.2M | 9.6M | |
Intangible Assets | 1.3M | 1.2M | 1.2M | 1.2M | 1.5M | 1.4M | |
Property Plant And Equipment Gross | 6.3M | 7.8M | 25.1M | 25.2M | 30.2M | 26.1M | |
Accumulated Other Comprehensive Income | (339K) | (162K) | 106K | 150K | (6.0M) | (5.7M) | |
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 | 3.9M | |
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 | 216K | 205.2K | |
Short Long Term Debt | 2.8M | 1.4M | 3.0M | 40K | 36K | 34.2K |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SunLink Health Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SunLink Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sunlink Health Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sunlink Health Systems Stock: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 tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for SunLink Stock analysis
When running SunLink Health's price analysis, check to measure SunLink 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 SunLink Health is operating at the current time. Most of SunLink Health's value examination focuses on studying past and present price action to predict the probability of SunLink 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 SunLink Health's price. Additionally, you may evaluate how the addition of SunLink Health to your portfolios can decrease your overall portfolio volatility.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
Is SunLink Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SunLink Health. If investors know SunLink will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SunLink Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share 6.091 | Quarterly Revenue Growth (0.35) | Return On Assets (0.15) | Return On Equity (0.28) |
The market value of SunLink Health Systems is measured differently than its book value, which is the value of SunLink that is recorded on the company's balance sheet. Investors also form their own opinion of SunLink Health's value that differs from its market value or its book value, called intrinsic value, which is SunLink Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SunLink Health's market value can be influenced by many factors that don't directly affect SunLink Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SunLink Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if SunLink Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SunLink Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.