8x8 Capital Stock vs Net Debt Analysis

EGHT Stock

USD 2.38 0.11 4.85%

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 Capital Stock and its Net Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

Capital Stock vs Net Debt

Capital Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 8x8 Common Stock Capital Stock account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between 8x8 Common's Capital Stock and Net Debt is 0.95. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Debt 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 Capital Stock 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 Capital Stock of 8x8 Common Stock 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 Capital Stock i.e., 8x8 Common's Capital Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

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 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 tightly coupled 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. Enterprise Value is likely to gain to about 3.9 B in 2024, whereas Discontinued Operations is likely to drop slightly above 256 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	390.6M	502.5M	577.8M	606.7M
Total Revenue	638.1M	743.9M	855.5M	898.3M

Gross Profit Total Revenue

8x8 Common fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments	Common Stock	Short Long Term Debt Total	Other Assets
Total Assets		0.97	0.96	-0.13	0.89	0.92	-0.95	0.97	0.61	0.97	0.93	0.32	0.97	0.66	0.96	0.96	0.99	0.97	0.89	0.84	0.9	0.69	-0.12	0.7	0.87	0.91
Other Current Liab	0.97		0.95	-0.28	0.93	0.96	-0.96	0.97	0.48	0.97	0.91	0.16	0.97	0.57	0.97	0.98	0.95	0.97	0.93	0.72	0.91	0.61	-0.21	0.62	0.86	0.87
Total Current Liabilities	0.96	0.95		-0.34	0.82	0.97	-0.95	0.96	0.49	0.97	0.93	0.13	0.98	0.53	0.94	0.93	0.96	0.98	0.82	0.71	0.97	0.56	-0.22	0.57	0.84	0.87
Total Stockholder Equity	-0.13	-0.28	-0.34		-0.24	-0.45	0.33	-0.19	0.08	-0.28	-0.33	0.62	-0.32	0.36	-0.36	-0.27	-0.12	-0.36	-0.24	0.22	-0.42	0.36	0.8	0.35	-0.15	-0.19
Property Plant And Equipment Net	0.89	0.93	0.82	-0.24		0.86	-0.88	0.88	0.54	0.87	0.85	0.22	0.88	0.58	0.94	0.97	0.84	0.89	1.0	0.72	0.75	0.6	-0.26	0.61	0.78	0.82
Net Debt	0.92	0.96	0.97	-0.45	0.86		-0.96	0.9	0.36	0.98	0.92	-0.04	0.97	0.47	0.96	0.94	0.92	0.97	0.86	0.59	0.97	0.5	-0.35	0.51	0.85	0.89
Retained Earnings	-0.95	-0.96	-0.95	0.33	-0.88	-0.96		-0.93	-0.48	-0.96	-0.96	-0.14	-0.97	-0.63	-0.97	-0.95	-0.95	-0.97	-0.88	-0.69	-0.94	-0.66	0.28	-0.67	-0.91	-0.89
Accounts Payable	0.97	0.97	0.96	-0.19	0.88	0.9	-0.93		0.63	0.93	0.91	0.33	0.95	0.61	0.93	0.96	0.95	0.96	0.88	0.84	0.88	0.65	-0.12	0.66	0.83	0.82
Cash	0.61	0.48	0.49	0.08	0.54	0.36	-0.48	0.63		0.44	0.55	0.73	0.49	0.43	0.56	0.55	0.52	0.56	0.54	0.84	0.36	0.45	-0.1	0.44	0.39	0.46
Non Current Assets Total	0.97	0.97	0.97	-0.28	0.87	0.98	-0.96	0.93	0.44		0.92	0.08	0.97	0.58	0.96	0.95	0.97	0.98	0.87	0.68	0.95	0.62	-0.26	0.63	0.88	0.93
Non Currrent Assets Other	0.93	0.91	0.93	-0.33	0.85	0.92	-0.96	0.91	0.55	0.92		0.19	0.96	0.56	0.96	0.93	0.94	0.95	0.85	0.74	0.94	0.58	-0.26	0.59	0.82	0.86
Cash And Short Term Investments	0.32	0.16	0.13	0.62	0.22	-0.04	-0.14	0.33	0.73	0.08	0.19		0.15	0.55	0.15	0.22	0.26	0.16	0.22	0.76	-0.02	0.56	0.53	0.55	0.21	0.09
Net Receivables	0.97	0.97	0.98	-0.32	0.88	0.97	-0.97	0.95	0.49	0.97	0.96	0.15		0.58	0.97	0.97	0.97	0.99	0.88	0.74	0.96	0.6	-0.21	0.61	0.86	0.89
Common Stock Shares Outstanding	0.66	0.57	0.53	0.36	0.58	0.47	-0.63	0.61	0.43	0.58	0.56	0.55	0.58		0.55	0.6	0.69	0.54	0.58	0.68	0.47	0.99	0.22	0.99	0.83	0.63
Inventory	0.96	0.97	0.94	-0.36	0.94	0.96	-0.97	0.93	0.56	0.96	0.96	0.15	0.97	0.55		0.98	0.93	0.98	0.94	0.72	0.92	0.57	-0.34	0.58	0.84	0.9
Other Current Assets	0.96	0.98	0.93	-0.27	0.97	0.94	-0.95	0.96	0.55	0.95	0.93	0.22	0.97	0.6	0.98		0.94	0.97	0.97	0.77	0.88	0.63	-0.22	0.63	0.84	0.88
Other Stockholder Equity	0.99	0.95	0.96	-0.12	0.84	0.92	-0.95	0.95	0.52	0.97	0.94	0.26	0.97	0.69	0.93	0.94		0.96	0.84	0.79	0.93	0.71	-0.08	0.72	0.88	0.91
Total Liab	0.97	0.97	0.98	-0.36	0.89	0.97	-0.97	0.96	0.56	0.98	0.95	0.16	0.99	0.54	0.98	0.97	0.96		0.89	0.74	0.95	0.57	-0.3	0.58	0.85	0.9
Property Plant And Equipment Gross	0.89	0.93	0.82	-0.24	1.0	0.86	-0.88	0.88	0.54	0.87	0.85	0.22	0.88	0.58	0.94	0.97	0.84	0.89		0.72	0.75	0.6	-0.26	0.61	0.78	0.82
Total Current Assets	0.84	0.72	0.71	0.22	0.72	0.59	-0.69	0.84	0.84	0.68	0.74	0.76	0.74	0.68	0.72	0.77	0.79	0.74	0.72		0.59	0.7	0.22	0.7	0.63	0.64
Current Deferred Revenue	0.9	0.91	0.97	-0.42	0.75	0.97	-0.94	0.88	0.36	0.95	0.94	-0.02	0.96	0.47	0.92	0.88	0.93	0.95	0.75	0.59		0.49	-0.29	0.51	0.82	0.86
Common Stock Total Equity	0.69	0.61	0.56	0.36	0.6	0.5	-0.66	0.65	0.45	0.62	0.58	0.56	0.6	0.99	0.57	0.63	0.71	0.57	0.6	0.7	0.49		0.21	1.0	0.85	0.64
Short Term Investments	-0.12	-0.21	-0.22	0.8	-0.26	-0.35	0.28	-0.12	-0.1	-0.26	-0.26	0.53	-0.21	0.22	-0.34	-0.22	-0.08	-0.3	-0.26	0.22	-0.29	0.21		0.2	-0.2	-0.29
Common Stock	0.7	0.62	0.57	0.35	0.61	0.51	-0.67	0.66	0.44	0.63	0.59	0.55	0.61	0.99	0.58	0.63	0.72	0.58	0.61	0.7	0.51	1.0	0.2		0.85	0.65
Short Long Term Debt Total	0.87	0.86	0.84	-0.15	0.78	0.85	-0.91	0.83	0.39	0.88	0.82	0.21	0.86	0.83	0.84	0.84	0.88	0.85	0.78	0.63	0.82	0.85	-0.2	0.85		0.86
Other Assets	0.91	0.87	0.87	-0.19	0.82	0.89	-0.89	0.82	0.46	0.93	0.86	0.09	0.89	0.63	0.9	0.88	0.91	0.9	0.82	0.64	0.86	0.64	-0.29	0.65	0.86

Click cells to compare fundamentals

8x8 Common Account Relationship Matchups

8x8 Common fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	700.6M	678.4M	910.3M	840.9M	967.0M	1.0B
Other Current Liab	70.2M	56.5M	92.1M	73.7M	84.8M	89.0M
Total Current Liabilities	123.4M	121.4M	191.5M	229.0M	263.3M	276.5M
Total Stockholder Equity	190.7M	160.5M	182.4M	99.9M	114.9M	111.3M
Property Plant And Equipment Net	173.3M	159.7M	142.4M	110.3M	126.9M	133.2M
Net Debt	252.5M	291.3M	446.3M	457.5M	526.1M	552.4M
Retained Earnings	(422.7M)	(591.1M)	(766.4M)	(792.9M)	(713.6M)	(677.9M)
Accounts Payable	40.3M	31.2M	49.7M	45.9M	52.8M	55.4M
Cash	137.4M	112.5M	91.2M	111.4M	128.1M	134.5M
Non Current Assets Total	423.5M	401.9M	634.6M	568.7M	654.0M	686.7M
Non Currrent Assets Other	28.4M	93.5M	94.5M	84.4M	97.1M	101.9M
Cash And Short Term Investments	170.9M	152.9M	136.1M	137.6M	158.3M	84.6M
Net Receivables	37.8M	51.2M	57.4M	62.3M	71.7M	75.2M
Common Stock Shares Outstanding	100.0M	118.3M	113.4M	116.0M	133.4M	69.8M
Liabilities And Stockholders Equity	700.6M	678.4M	910.3M	840.9M	967.0M	1.0B
Inventory	32.8M	38.4M	44.2M	38.6M	44.3M	46.6M
Other Current Assets	35.7M	34.1M	38.0M	33.7M	38.8M	40.7M
Other Stockholder Equity	625.5M	755.6M	956.6M	905.6M	1.0B	1.1B
Total Liab	509.9M	517.9M	727.9M	741.0M	852.1M	894.7M
Property Plant And Equipment Gross	173.3M	159.7M	142.4M	110.3M	126.9M	133.2M
Total Current Assets	277.2M	276.5M	275.6M	272.2M	313.0M	328.7M
Accumulated Other Comprehensive Income	(12.2M)	(4.2M)	(7.9M)	(12.9M)	(11.6M)	(11.1M)
Current Deferred Revenue	7.1M	20.7M	34.3M	34.9M	40.1M	42.2M
Common Stock Total Equity	103K	109K	118K	115K	132.3K	73.3K
Short Term Investments	33.5M	40.3M	44.8M	26.2M	30.2M	44.4M
Common Stock	103K	109K	123K	115K	132.3K	73.5K
Short Long Term Debt Total	389.9M	403.8M	537.5M	568.9M	654.2M	334.4M
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	493.1M	517.8M
Good Will	128.3M	131.5M	266.9M	266.9M	306.9M	322.2M
Non Current Liabilities Total	386.5M	396.5M	536.4M	512.0M	588.8M	618.3M
Intangible Assets	24.0M	17.1M	128.2M	107.1M	123.2M	129.3M
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	85.6M	89.9M
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	8.0M	13.9M

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

0.64	U	Unity Software Aggressive Push	Pair Corr
0.68	DT	Dynatrace Holdings LLC Financial Report 15th of May 2024	Pair Corr

Moving against 8x8 Stock

0.7	DPSI	DecisionPoint Systems Financial Report 20th of May 2024	Pair Corr
0.52	ML	MoneyLion Downward Rally	Pair Corr
0.42	VERX	Vertex Financial Report 8th of May 2024	Pair Corr

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 Correlation Correlation Matching

When determining whether 8x8 Common Stock is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if 8x8 Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about 8x8 Common Stock Stock. Highlighted below are key reports to facilitate an investment decision about 8x8 Common Stock Stock:

How To Invest In 8x8

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Is 8x8 Stock a good investment?

Details

What is 8x8 Common's Net Worth?

Details

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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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary 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.

	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume
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Is 8x8 Common'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 8x8 Common. If investors know 8x8 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 8x8 Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.45)

Revenue Per Share

6.179

Quarterly Revenue Growth

0.174

Return On Assets

(0)

Return On Equity

(0.54)

The market value of 8x8 Common Stock is measured differently than its book value, which is the value of 8x8 that is recorded on the company's balance sheet. Investors also form their own opinion of 8x8 Common's value that differs from its market value or its book value, called intrinsic value, which is 8x8 Common'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 8x8 Common's market value can be influenced by many factors that don't directly affect 8x8 Common'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 8x8 Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 8x8 Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 8x8 Common'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.

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8x8 Capital Stock vs Net Debt Analysis

Capital Stock vs Net Debt

Capital Stock vs Net Debt Correlation Analysis

Correlation Coefficient

Capital Stock

Net Debt

8x8 Common fundamental ratios Correlations

8x8 Common Account Relationship Matchups

High Positive Relationship

High Negative Relationship

8x8 Common fundamental ratios Accounts

Pair Trading with 8x8 Common

Moving together with 8x8 Stock

Moving against 8x8 Stock

Complementary Tools for 8x8 Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Other Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Net Receivables
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Common Stock Shares Outstanding

Total Liab	- 0.97	Retained Earnings
Inventory	- 0.97	Retained Earnings
Net Receivables	- 0.97	Retained Earnings
Non Currrent Assets Other	- 0.96	Retained Earnings
Non Current Assets Total	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Net Debt