908 Cash vs Common Stock Total Equity Analysis

MASS Stock  USD 3.14  0.11  3.38%   
908 Devices financial indicator trend analysis is way more than just evaluating 908 Devices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 908 Devices is a good investment. Please check the relationship between 908 Devices Cash and its Common Stock Total Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.

Cash vs Common Stock Total Equity

Cash vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 908 Devices Cash account and Common Stock Total Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between 908 Devices' Cash and Common Stock Total Equity is 0.94. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of 908 Devices, assuming nothing else is changed. The correlation between historical values of 908 Devices' Cash and Common Stock Total Equity 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 of 908 Devices are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Cash i.e., 908 Devices' Cash and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash

Cash refers to the most liquid asset of 908 Devices, which is listed under current asset account on 908 Devices balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from 908 Devices customers. The amounts must be unrestricted with restricted cash listed in a different 908 Devices account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from 908 Devices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 908 Devices 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.Selling General Administrative is likely to drop to about 28.5 M in 2024. Tax Provision is likely to gain to about (200.4 K) in 2024
 2021 2022 2023 2024 (projected)
Interest Expense486K129K201K191.0K
Depreciation And Amortization925K1.6M2.4M1.4M

908 Devices fundamental ratios Correlations

-0.320.950.921.00.920.97-0.840.81-0.99-0.820.990.990.54-0.480.90.861.00.830.970.9-0.9-0.840.820.90.99
-0.32-0.53-0.57-0.34-0.65-0.490.11-0.780.260.76-0.39-0.21-0.720.81-0.54-0.38-0.26-0.19-0.41-0.440.610.39-0.64-0.46-0.43
0.95-0.530.990.940.950.94-0.70.9-0.91-0.920.960.890.79-0.710.980.860.910.720.960.92-0.89-0.890.950.950.98
0.92-0.570.990.920.950.92-0.650.92-0.87-0.940.930.850.81-0.720.980.890.880.670.960.93-0.89-0.840.970.930.96
1.0-0.340.940.920.920.97-0.810.81-0.99-0.820.980.980.55-0.470.90.840.990.810.980.89-0.92-0.820.810.890.99
0.92-0.650.950.950.920.97-0.770.97-0.89-0.970.930.870.71-0.730.910.870.90.690.930.93-0.95-0.840.90.880.95
0.97-0.490.940.920.970.97-0.830.9-0.96-0.890.960.950.56-0.560.890.860.970.790.960.91-0.97-0.80.820.870.98
-0.840.11-0.7-0.65-0.81-0.77-0.83-0.650.880.65-0.81-0.89-0.210.33-0.58-0.77-0.87-0.68-0.74-0.80.720.76-0.53-0.65-0.77
0.81-0.780.90.920.810.970.9-0.65-0.77-1.00.830.740.77-0.830.870.840.770.590.840.89-0.9-0.780.910.830.86
-0.990.26-0.91-0.87-0.99-0.89-0.960.88-0.770.77-0.98-1.0-0.460.41-0.85-0.83-1.0-0.84-0.95-0.870.890.82-0.75-0.86-0.97
-0.820.76-0.92-0.94-0.82-0.97-0.890.65-1.00.77-0.84-0.74-0.80.83-0.9-0.87-0.78-0.58-0.86-0.910.890.8-0.94-0.85-0.87
0.99-0.390.960.930.980.930.96-0.810.83-0.98-0.840.970.61-0.540.920.810.980.850.960.87-0.9-0.890.840.940.98
0.99-0.210.890.850.980.870.95-0.890.74-1.0-0.740.970.42-0.370.830.821.00.840.940.86-0.87-0.810.720.850.95
0.54-0.720.790.810.550.710.56-0.210.77-0.46-0.80.610.42-0.920.80.580.470.240.650.66-0.6-0.730.90.710.65
-0.480.81-0.71-0.72-0.47-0.73-0.560.33-0.830.410.83-0.54-0.37-0.92-0.67-0.57-0.41-0.15-0.55-0.670.610.73-0.81-0.6-0.57
0.9-0.540.980.980.90.910.89-0.580.87-0.85-0.90.920.830.8-0.670.830.860.730.940.87-0.85-0.820.970.960.95
0.86-0.380.860.890.840.870.86-0.770.84-0.83-0.870.810.820.58-0.570.830.850.580.880.98-0.76-0.710.850.780.87
1.0-0.260.910.880.990.90.97-0.870.77-1.0-0.780.981.00.47-0.410.860.850.830.960.88-0.89-0.810.760.870.97
0.83-0.190.720.670.810.690.79-0.680.59-0.84-0.580.850.840.24-0.150.730.580.830.730.6-0.68-0.610.570.840.78
0.97-0.410.960.960.980.930.96-0.740.84-0.95-0.860.960.940.65-0.550.940.880.960.730.91-0.92-0.80.870.880.99
0.9-0.440.920.930.890.930.91-0.80.89-0.87-0.910.870.860.66-0.670.870.980.880.60.91-0.82-0.820.90.830.91
-0.90.61-0.89-0.89-0.92-0.95-0.970.72-0.90.890.89-0.9-0.87-0.60.61-0.85-0.76-0.89-0.68-0.92-0.820.74-0.79-0.78-0.93
-0.840.39-0.89-0.84-0.82-0.84-0.80.76-0.780.820.8-0.89-0.81-0.730.73-0.82-0.71-0.81-0.61-0.8-0.820.74-0.82-0.86-0.84
0.82-0.640.950.970.810.90.82-0.530.91-0.75-0.940.840.720.9-0.810.970.850.760.570.870.9-0.79-0.820.910.88
0.9-0.460.950.930.890.880.87-0.650.83-0.86-0.850.940.850.71-0.60.960.780.870.840.880.83-0.78-0.860.910.92
0.99-0.430.980.960.990.950.98-0.770.86-0.97-0.870.980.950.65-0.570.950.870.970.780.990.91-0.93-0.840.880.92
Click cells to compare fundamentals

908 Devices Account Relationship Matchups

908 Devices fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets37.7M178.8M260.9M242.6M203.0M174.3M
Short Long Term Debt Total22.8M21.9M20.9M16.5M5.9M5.6M
Other Current Liab2.9M5.0M7.0M8.8M8.7M6.5M
Total Current Liabilities6.1M10.8M14.8M19.2M22.5M14.3M
Total Stockholder Equity(63.2M)139.0M214.6M190.6M165.5M109.3M
Other Liab1.3M8.8M12.0M14.7M16.9M17.8M
Net Tangible Assets(63.2M)139.0M214.6M172.1M197.9M207.8M
Property Plant And Equipment Net8.6M7.1M6.8M7.0M9.6M6.5M
Current Deferred Revenue1.5M3.1M5.2M7.5M10.6M11.2M
Net Debt4.9M(137.4M)(203.2M)(172.0M)(115.1M)(120.9M)
Retained Earnings(65.6M)(78.5M)(100.6M)(134.2M)(170.6M)(162.1M)
Accounts Payable577K1.0M1.4M1.4M1.2M1.1M
Cash17.9M159.2M224.1M188.4M121.0M131.6M
Non Current Assets Total9.1M7.9M8.0M27.0M29.2M16.8M
Non Currrent Assets Other511K723K1.2M(1.3M)(1.2M)(1.2M)
Other Assets511K723K1.2M1.4M1.6M962.9K
Cash And Short Term Investments17.9M159.2M224.1M188.4M145.7M136.1M
Net Receivables5.1M6.9M16.4M10.0M9.0M9.8M
Common Stock Shares Outstanding26.2M27.3M28.0M31.5M32.2M30.1M
Liabilities And Stockholders Equity37.7M178.8M260.9M242.6M203.0M174.3M
Non Current Liabilities Total94.8M29.0M31.5M32.8M14.9M14.2M
Capital Lease Obligations8.0M7.0M5.9M1.5M5.9M4.9M
Inventory5.2M4.6M7.9M12.5M14.9M8.9M
Other Current Assets351K300K4.5M4.7M4.2M2.6M
Other Stockholder Equity(2.9M)217.5M315.2M324.0M334.7M218.7M
Total Liab100.8M39.8M46.3M52.0M37.5M47.2M
Net Invested Capital(48.4M)153.9M229.6M15M165.5M87.1M
Property Plant And Equipment Gross8.6M7.1M6.8M7.0M15.5M10.1M
Total Current Assets28.6M171.0M252.9M215.6M173.8M157.5M
Accumulated Other Comprehensive Income(65.6M)(178.8M)0.0798K1.4M1.4M
Net Working Capital22.5M160.1M238.1M196.4M151.2M143.1M
Short Term Debt1.1M1.7M1.3M1.5M2.0M1.4M
Property Plant Equipment8.6M7.1M6.8M3.1M2.8M2.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for 908 Stock Analysis

When running 908 Devices' price analysis, check to measure 908 Devices' 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 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.