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.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
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.

8x8 Common Inventory

67.11 Million

  
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.

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

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.

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 Liabilities92.1M73.7M78.1M82.0M
Total Assets910.3M840.9M756.0M793.8M

8x8 Common balance sheet Correlations

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Click cells to compare fundamentals

8x8 Common Account Relationship Matchups

8x8 Common balance sheet Accounts

201920202021202220232024 (projected)
Total Assets700.6M678.4M910.3M840.9M756.0M793.8M
Other Current Liab70.2M56.5M92.1M73.7M78.1M82.0M
Total Current Liabilities123.4M121.4M191.5M229.0M172.6M181.2M
Total Stockholder Equity190.7M160.5M182.4M99.9M102.0M111.3M
Property Plant And Equipment Net173.3M159.7M142.4M110.3M89.1M93.6M
Net Debt252.5M291.3M446.3M457.5M361.4M379.4M
Retained Earnings(422.7M)(591.1M)(766.4M)(792.9M)(860.5M)(817.5M)
Accounts Payable40.3M31.2M49.7M45.9M48.9M51.3M
Cash137.4M112.5M91.2M111.4M116.3M122.1M
Non Current Assets Total423.5M401.9M634.6M568.7M508.1M533.6M
Non Currrent Assets Other28.4M93.5M94.5M84.4M65.7M69.0M
Cash And Short Term Investments170.9M152.9M136.1M137.6M117.3M86.2M
Net Receivables37.8M51.2M57.4M62.3M59.0M61.9M
Common Stock Shares Outstanding100.0M118.3M113.4M116.0M121.1M72.0M
Liabilities And Stockholders Equity700.6M678.4M910.3M840.9M756.0M793.8M
Inventory32.8M38.4M44.2M38.6M63.9M67.1M
Other Current Assets35.7M34.1M38.0M33.7M7.6M8.3M
Other Stockholder Equity625.5M755.6M956.6M905.6M973.9M1.0B
Total Liab509.9M517.9M727.9M741.0M654.0M686.7M
Property Plant And Equipment Gross173.3M159.7M142.4M110.3M274.5M288.2M
Total Current Assets277.2M276.5M275.6M272.2M247.8M260.2M
Accumulated Other Comprehensive Income(12.2M)(4.2M)(7.9M)(12.9M)(11.6M)(11.0M)
Current Deferred Revenue7.1M20.7M34.3M34.9M34.3M36.0M
Common Stock Total Equity103K109K118K115K132.3K73.3K
Short Term Investments33.5M40.3M44.8M26.2M1.0M995.6K
Common Stock103K109K123K115K125K75.9K
Short Long Term Debt Total389.9M403.8M537.5M568.9M477.6M358.2M
Other Assets44.8M81.8M93.5M94.5M108.6M114.1M
Long Term Debt291.5M308.4M447.5M428.8M409.7M430.2M
Good Will128.3M131.5M266.9M266.9M266.6M279.9M
Non Current Liabilities Total386.5M396.5M536.4M512.0M481.4M505.5M
Intangible Assets24.0M17.1M128.2M107.1M86.7M91.1M
Property Plant Equipment94.4M159.7M142.4M57.9M66.6M69.9M
Short Term Debt5.9M12.9M15.5M74.4M11.3M11.2M
Other Liab6.2M2.5M5.6M14.4M16.6M17.4M
Net Tangible Assets38.4M11.9M(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 Surpluse625.5M755.6M956.6M905.6M1.0B601.2M
Deferred Long Term Liab33.7M53.3M72.4M75.7M87.0M91.4M
Non Current Liabilities Other94.9M5.6M3.0M7.0M7.3M13.3M

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

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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.
Pair CorrelationCorrelation Matching

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.