8x8 Historical Balance Sheet
EGHT Stock | USD 2.61 0.08 3.16% |
Trend analysis of 8x8 Common Stock balance sheet accounts such as Total Current Liabilities of 181.2 M or Total Stockholder Equity of 111.3 M provides information on 8x8 Common's total assets, liabilities, and equity, which is the actual value of 8x8 Common Stock to its prevalent stockholders. By breaking down trends over time using 8x8 Common balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining 8x8 Common Stock latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether 8x8 Common Stock is a good buy for the upcoming year.
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About 8x8 Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of 8x8 Common Stock at a specified time, usually calculated after every quarter, six months, or one year. 8x8 Common Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 8x8 Common and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 8x8 currently owns. An asset can also be divided into two categories, current and non-current.
8x8 Common Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of 8x8 Common assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in 8x8 Common Stock books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on 8x8 Common balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of 8x8 Common Stock are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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.Accounts Payable
An accounting item on the balance sheet that represents 8x8 Common 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 8x8 Common Stock 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 accounts from 8x8 Common's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into 8x8 Common Stock current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 8x8 Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, 8x8 Common's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 69 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 72 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 92.1M | 73.7M | 78.1M | 82.0M | Total Assets | 910.3M | 840.9M | 756.0M | 793.8M |
8x8 Common balance sheet Correlations
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8x8 Common Account Relationship Matchups
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8x8 Common balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 700.6M | 678.4M | 910.3M | 840.9M | 756.0M | 793.8M | |
Other Current Liab | 70.2M | 56.5M | 92.1M | 73.7M | 78.1M | 82.0M | |
Total Current Liabilities | 123.4M | 121.4M | 191.5M | 229.0M | 172.6M | 181.2M | |
Total Stockholder Equity | 190.7M | 160.5M | 182.4M | 99.9M | 102.0M | 111.3M | |
Property Plant And Equipment Net | 173.3M | 159.7M | 142.4M | 110.3M | 89.1M | 93.6M | |
Net Debt | 252.5M | 291.3M | 446.3M | 457.5M | 361.4M | 379.4M | |
Retained Earnings | (422.7M) | (591.1M) | (766.4M) | (792.9M) | (860.5M) | (817.5M) | |
Accounts Payable | 40.3M | 31.2M | 49.7M | 45.9M | 48.9M | 51.3M | |
Cash | 137.4M | 112.5M | 91.2M | 111.4M | 116.3M | 122.1M | |
Non Current Assets Total | 423.5M | 401.9M | 634.6M | 568.7M | 508.1M | 533.6M | |
Non Currrent Assets Other | 28.4M | 93.5M | 94.5M | 84.4M | 65.7M | 69.0M | |
Cash And Short Term Investments | 170.9M | 152.9M | 136.1M | 137.6M | 117.3M | 86.2M | |
Net Receivables | 37.8M | 51.2M | 57.4M | 62.3M | 59.0M | 61.9M | |
Common Stock Shares Outstanding | 100.0M | 118.3M | 113.4M | 116.0M | 121.1M | 72.0M | |
Liabilities And Stockholders Equity | 700.6M | 678.4M | 910.3M | 840.9M | 756.0M | 793.8M | |
Inventory | 32.8M | 38.4M | 44.2M | 38.6M | 63.9M | 67.1M | |
Other Current Assets | 35.7M | 34.1M | 38.0M | 33.7M | 7.6M | 8.3M | |
Other Stockholder Equity | 625.5M | 755.6M | 956.6M | 905.6M | 973.9M | 1.0B | |
Total Liab | 509.9M | 517.9M | 727.9M | 741.0M | 654.0M | 686.7M | |
Property Plant And Equipment Gross | 173.3M | 159.7M | 142.4M | 110.3M | 274.5M | 288.2M | |
Total Current Assets | 277.2M | 276.5M | 275.6M | 272.2M | 247.8M | 260.2M | |
Accumulated Other Comprehensive Income | (12.2M) | (4.2M) | (7.9M) | (12.9M) | (11.6M) | (11.0M) | |
Current Deferred Revenue | 7.1M | 20.7M | 34.3M | 34.9M | 34.3M | 36.0M | |
Common Stock Total Equity | 103K | 109K | 118K | 115K | 132.3K | 73.3K | |
Short Term Investments | 33.5M | 40.3M | 44.8M | 26.2M | 1.0M | 995.6K | |
Common Stock | 103K | 109K | 123K | 115K | 125K | 75.9K | |
Short Long Term Debt Total | 389.9M | 403.8M | 537.5M | 568.9M | 477.6M | 358.2M | |
Other Assets | 44.8M | 81.8M | 93.5M | 94.5M | 108.6M | 114.1M | |
Long Term Debt | 291.5M | 308.4M | 447.5M | 428.8M | 409.7M | 430.2M | |
Good Will | 128.3M | 131.5M | 266.9M | 266.9M | 266.6M | 279.9M | |
Non Current Liabilities Total | 386.5M | 396.5M | 536.4M | 512.0M | 481.4M | 505.5M | |
Intangible Assets | 24.0M | 17.1M | 128.2M | 107.1M | 86.7M | 91.1M | |
Property Plant Equipment | 94.4M | 159.7M | 142.4M | 57.9M | 66.6M | 69.9M | |
Short Term Debt | 5.9M | 12.9M | 15.5M | 74.4M | 11.3M | 11.2M | |
Other Liab | 6.2M | 2.5M | 5.6M | 14.4M | 16.6M | 17.4M | |
Net Tangible Assets | 38.4M | 11.9M | (212.7M) | (274.1M) | (246.7M) | (234.3M) | |
Retained Earnings Total Equity | (422.7M) | (591.1M) | (766.4M) | (792.9M) | (713.6M) | (677.9M) | |
Capital Surpluse | 625.5M | 755.6M | 956.6M | 905.6M | 1.0B | 601.2M | |
Deferred Long Term Liab | 33.7M | 53.3M | 72.4M | 75.7M | 87.0M | 91.4M | |
Non Current Liabilities Other | 94.9M | 5.6M | 3.0M | 7.0M | 7.3M | 13.3M |
Pair Trading with 8x8 Common
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 8x8 Common position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 8x8 Common will appreciate offsetting losses from the drop in the long position's value.Moving together with 8x8 Stock
The ability to find closely correlated positions to 8x8 Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 8x8 Common when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 8x8 Common - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 8x8 Common Stock to buy it.
The correlation of 8x8 Common is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 8x8 Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 8x8 Common Stock moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 8x8 Common can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for 8x8 Stock Analysis
When running 8x8 Common's price analysis, check to measure 8x8 Common'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 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.