8x8 Other Current Liab vs Cash And Short Term Investments 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 Other Current Liab and its Cash And Short Term Investments 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.

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 8x8 Common Stock Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between 8x8 Common's Other Current Liab and Cash And Short Term Investments is 0.39. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments 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 Other Current Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of 8x8 Common Stock are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., 8x8 Common's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.39
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Current Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of 8x8 Common Stock balance sheet. This account contains 8x8 Common investments that will expire within one year. These investments include stocks and bonds that can be liquidated by 8x8 Common Stock 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.
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

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