SunLink Total Current Assets vs Total Stockholder Equity Analysis
SSY Stock | USD 0.60 0.03 4.76% |
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 Current Assets and its Total Stockholder Equity 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.
Total Current Assets vs Total Stockholder Equity
Total Current Assets vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunLink Health Systems Total Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost no relationship.
The correlation between SunLink Health's Total Current Assets and Total Stockholder Equity is 0.12. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Stockholder Equity 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 Current Assets and Total Stockholder Equity 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 Current Assets of SunLink Health Systems are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Assets i.e., SunLink Health's Total Current Assets and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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 | 2022 | 2023 | 2024 (projected) | Gross Profit | 20.1M | 23.9M | 27.5M | 36.5M | Total Revenue | 41.3M | 47.9M | 43.2M | 78.5M |
SunLink Health fundamental ratios Correlations
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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 |
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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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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 (0.60) | 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.