8x8 Cash Ratio vs Free Cash Flow Yield Analysis

EGHT Stock  USD 3.14  0.04  1.29%   
8x8 Common financial indicator trend analysis is way more than just evaluating 8x8 Common Stock prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 8x8 Common Stock is a good investment. Please check the relationship between 8x8 Common Cash Ratio and its Free Cash Flow Yield accounts. 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.

Cash Ratio vs Free Cash Flow Yield

Cash Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 8x8 Common Stock Cash Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between 8x8 Common's Cash Ratio and Free Cash Flow Yield is -0.17. Overlapping area represents the amount of variation of Cash Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of 8x8 Common Stock, assuming nothing else is changed. The correlation between historical values of 8x8 Common's Cash Ratio and Free Cash Flow Yield 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 Ratio of 8x8 Common Stock are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Cash Ratio i.e., 8x8 Common's Cash Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash Ratio

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from 8x8 Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 6.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 24.90 in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit390.6M502.5M503.8M529.0M
Total Revenue638.1M743.9M728.7M765.1M

8x8 Common fundamental ratios Correlations

0.730.95-0.070.870.9-0.930.960.610.960.910.350.950.720.890.930.970.960.830.810.860.74-0.190.760.910.87
0.730.660.020.90.64-0.550.680.460.660.610.390.640.60.50.60.570.680.490.660.420.6-0.010.620.680.5
0.950.66-0.30.810.96-0.970.960.480.960.910.160.980.60.90.950.950.980.830.670.940.64-0.320.650.910.84
-0.070.02-0.3-0.19-0.440.36-0.190.1-0.25-0.290.64-0.30.38-0.4-0.35-0.12-0.34-0.350.3-0.430.340.830.36-0.1-0.21
0.870.90.81-0.190.84-0.790.830.510.850.830.240.850.60.770.840.780.870.750.680.680.6-0.270.620.790.75
0.90.640.96-0.440.84-0.960.880.320.970.9-0.070.960.50.910.970.90.960.840.50.950.53-0.450.550.880.87
-0.93-0.55-0.970.36-0.79-0.96-0.94-0.44-0.96-0.92-0.06-0.99-0.59-0.96-0.98-0.97-0.97-0.9-0.61-0.97-0.630.41-0.64-0.89-0.9
0.960.680.96-0.190.830.88-0.940.610.920.870.310.950.620.910.910.950.960.880.780.870.67-0.240.680.850.81
0.610.460.480.10.510.32-0.440.610.410.540.740.470.440.490.410.50.550.460.840.320.44-0.140.450.390.43
0.960.660.96-0.250.850.97-0.960.920.410.890.070.960.620.910.960.950.970.840.610.930.66-0.360.680.930.91
0.910.610.91-0.290.830.9-0.920.870.540.890.220.940.60.860.960.890.930.760.690.90.61-0.320.630.840.81
0.350.390.160.640.24-0.07-0.060.310.740.070.220.140.530.040.060.230.160.040.82-0.060.50.560.510.180.04
0.950.640.98-0.30.850.96-0.990.950.470.960.940.140.610.950.980.970.980.890.670.950.64-0.330.650.890.89
0.720.60.60.380.60.5-0.590.620.440.620.60.530.610.470.580.70.570.440.710.470.980.220.990.820.63
0.890.50.9-0.40.770.91-0.960.910.490.910.860.040.950.470.940.930.940.970.590.930.51-0.480.510.770.9
0.930.60.95-0.350.840.97-0.980.910.410.960.960.060.980.580.940.940.970.870.60.960.6-0.380.610.870.88
0.970.570.95-0.120.780.9-0.970.950.50.950.890.230.970.70.930.940.940.880.720.920.73-0.220.750.90.91
0.960.680.98-0.340.870.96-0.970.960.550.970.930.160.980.570.940.970.940.870.680.930.61-0.410.620.880.88
0.830.490.83-0.350.750.84-0.90.880.460.840.760.040.890.440.970.870.880.870.560.840.49-0.440.480.70.86
0.810.660.670.30.680.5-0.610.780.840.610.690.820.670.710.590.60.720.680.560.490.710.20.720.620.55
0.860.420.94-0.430.680.95-0.970.870.320.930.9-0.060.950.470.930.960.920.930.840.490.52-0.430.530.830.85
0.740.60.640.340.60.53-0.630.670.440.660.610.50.640.980.510.60.730.610.490.710.520.171.00.840.64
-0.19-0.01-0.320.83-0.27-0.450.41-0.24-0.14-0.36-0.320.56-0.330.22-0.48-0.38-0.22-0.41-0.440.2-0.430.170.18-0.22-0.42
0.760.620.650.360.620.55-0.640.680.450.680.630.510.650.990.510.610.750.620.480.720.531.00.180.850.65
0.910.680.91-0.10.790.88-0.890.850.390.930.840.180.890.820.770.870.90.880.70.620.830.84-0.220.850.87
0.870.50.84-0.210.750.87-0.90.810.430.910.810.040.890.630.90.880.910.880.860.550.850.64-0.420.650.87
Click cells to compare fundamentals

8x8 Common Account Relationship Matchups

8x8 Common fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets700.6M678.4M910.3M840.9M756.0M793.8M
Other Current Liab70.2M43.5M44.0M44.2M22.7M15.4M
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 Payable40.3M31.2M49.7M46.8M48.9M51.3M
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 Assets35.7M72.5M82.2M73.2M71.5M75.1M
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 Total389.9M403.8M537.5M568.9M477.6M360.2M
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 Debt5.9M13.8M31.0M74.4M22.6M13.1M
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

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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.