Digi Cash And Short Term Investments vs Net Debt Analysis
DGII Stock | USD 26.94 0.04 0.15% |
Digi International financial indicator trend analysis is much more than just examining Digi International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digi International is a good investment. Please check the relationship between Digi International Cash And Short Term Investments and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digi International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.
Cash And Short Term Investments vs Net Debt
Cash And Short Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digi International Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Digi International's Cash And Short Term Investments and Net Debt is -0.62. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Digi International, assuming nothing else is changed. The correlation between historical values of Digi International's Cash And Short Term Investments and Net 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 Cash And Short Term Investments of Digi International are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Digi International's Cash And Short Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Digi International balance sheet. This account contains Digi International investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Digi International fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Digi International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digi International 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digi International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.As of now, Digi International's Discontinued Operations is increasing as compared to previous years. The Digi International's current Sales General And Administrative To Revenue is estimated to increase to 0.25, while Selling General Administrative is projected to decrease to under 37 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 19.7M | 25.2M | 29.0M | 30.5M | Depreciation And Amortization | 37.6M | 34.0M | 39.0M | 41.0M |
Digi International fundamental ratios Correlations
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Digi International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digi International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 528.7M | 619.5M | 853.9M | 835.5M | 960.9M | 1.0B | |
Other Current Liab | 21.0M | 20.1M | 28.8M | 28.0M | 32.2M | 33.8M | |
Total Current Liabilities | 61.2M | 58.9M | 96.5M | 86.0M | 98.9M | 103.8M | |
Total Stockholder Equity | 371.5M | 472.5M | 501.5M | 540.5M | 621.6M | 652.6M | |
Property Plant And Equipment Net | 25.8M | 27.8M | 42.9M | 42.0M | 48.3M | 50.7M | |
Net Debt | 25.5M | (85.6M) | (19.4M) | 171.9M | 154.7M | 162.4M | |
Retained Earnings | 170.3M | 180.7M | 200.1M | 224.8M | 258.6M | 271.5M | |
Cash | 54.1M | 152.4M | 34.9M | 31.7M | 36.4M | 39.3M | |
Non Current Assets Total | 358.6M | 372.9M | 687.7M | 669.3M | 769.7M | 808.2M | |
Cash And Short Term Investments | 54.1M | 152.4M | 34.9M | 31.7M | 36.4M | 63.2M | |
Net Receivables | 59.2M | 43.7M | 54.2M | 56.0M | 64.4M | 67.6M | |
Common Stock Shares Outstanding | 29.5M | 33.4M | 36.0M | 36.9M | 42.4M | 24.2M | |
Liabilities And Stockholders Equity | 528.7M | 619.5M | 853.9M | 835.5M | 960.9M | 1.0B | |
Non Current Liabilities Total | 96.0M | 88.1M | 255.9M | 209.1M | 240.4M | 252.4M | |
Inventory | 51.6M | 43.9M | 73.2M | 74.4M | 85.6M | 89.8M | |
Other Stockholder Equity | 224.6M | 314.2M | 327.1M | 342.2M | 393.6M | 413.2M | |
Total Liab | 157.2M | 147.0M | 352.4M | 295.0M | 339.3M | 356.3M | |
Property Plant And Equipment Gross | 25.8M | 56.9M | 76.6M | 81.5M | 93.8M | 98.4M | |
Total Current Assets | 170.1M | 246.7M | 166.2M | 166.2M | 191.1M | 129.0M | |
Accumulated Other Comprehensive Income | (23.8M) | (22.7M) | (26.1M) | (27.0M) | (24.3M) | (23.1M) | |
Non Currrent Assets Other | 358.6M | 372.9M | 2.3M | 669.3M | 769.7M | 808.2M | |
Other Current Assets | 5.1M | 6.6M | 3.9M | 4.1M | 3.7M | 5.7M | |
Accounts Payable | 28.1M | 22.6M | 32.4M | 17.1M | 19.7M | 10.7M | |
Intangible Assets | 121.2M | 118.0M | 302.1M | 277.1M | 318.6M | 334.6M | |
Short Term Debt | 5.0M | 4.5M | 2.6M | 15.5M | 17.9M | 18.7M | |
Common Stock Total Equity | 346K | 355K | 407K | 420K | 483K | 317.9K | |
Common Stock | 355K | 407K | 420K | 425K | 488.8K | 323.8K | |
Other Assets | 8.2M | 1.4M | 372.9M | 687.7M | 790.8M | 830.4M | |
Good Will | 210.1M | 225.5M | 340.5M | 341.6M | 307.4M | 292.1M | |
Treasury Stock | (54.3M) | (55.1M) | (56.5M) | (58.2M) | (52.4M) | (55.0M) | |
Property Plant Equipment | 13.9M | 11.5M | 27.8M | 42.9M | 38.6M | 40.5M | |
Current Deferred Revenue | 7.7M | 13.6M | 19.8M | 25.3M | 29.1M | 30.5M | |
Other Liab | 5.3M | 20.8M | 23.9M | 16.4M | 18.9M | 9.6M | |
Net Tangible Assets | 164.9M | 40.1M | 472.5M | 501.5M | 576.7M | 605.6M | |
Capital Surpluse | 266.6M | 279.7M | 370.7M | 385.2M | 443.0M | 283.6M |
Currently Active Assets on Macroaxis
When determining whether Digi International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Digi International'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 Digi International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digi International Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digi International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Digi International's price analysis, check to measure Digi International'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 Digi International is operating at the current time. Most of Digi International's value examination focuses on studying past and present price action to predict the probability of Digi International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digi International's price. Additionally, you may evaluate how the addition of Digi International to your portfolios can decrease your overall portfolio volatility.
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Is Digi International'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 Digi International. If investors know Digi 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 Digi International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.31) | Earnings Share 0.38 | Revenue Per Share 12.146 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0346 |
The market value of Digi International is measured differently than its book value, which is the value of Digi that is recorded on the company's balance sheet. Investors also form their own opinion of Digi International's value that differs from its market value or its book value, called intrinsic value, which is Digi International'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 Digi International's market value can be influenced by many factors that don't directly affect Digi International'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 Digi International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digi International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digi International'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.