908 Total Stockholder Equity vs Non Currrent Assets Other 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 Total Stockholder Equity and its Non Currrent Assets Other 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.

Total Stockholder Equity vs Non Currrent Assets Other

Total Stockholder Equity vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 908 Devices Total Stockholder Equity account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between 908 Devices' Total Stockholder Equity and Non Currrent Assets Other is -0.47. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Currrent Assets Other 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' Total Stockholder Equity and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of 908 Devices are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Stockholder Equity i.e., 908 Devices' Total Stockholder Equity and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

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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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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 Expense	486K	129K	201K	191.0K
Depreciation And Amortization	925K	1.6M	2.4M	1.4M

Interest Expense Depreciation And Amortization

908 Devices fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.32	0.95	0.92	1.0	0.92	0.97	-0.84	0.81	-0.99	-0.82	0.99	0.99	0.54	-0.48	0.9	0.86	1.0	0.83	0.97	0.9	-0.9	-0.84	0.82	0.9	0.99
Short Long Term Debt Total	-0.32		-0.53	-0.57	-0.34	-0.65	-0.49	0.11	-0.78	0.26	0.76	-0.39	-0.21	-0.72	0.81	-0.54	-0.38	-0.26	-0.19	-0.41	-0.44	0.61	0.39	-0.64	-0.46	-0.43
Other Current Liab	0.95	-0.53		0.99	0.94	0.95	0.94	-0.7	0.9	-0.91	-0.92	0.96	0.89	0.79	-0.71	0.98	0.86	0.91	0.72	0.96	0.92	-0.89	-0.89	0.95	0.95	0.98
Total Current Liabilities	0.92	-0.57	0.99		0.92	0.95	0.92	-0.65	0.92	-0.87	-0.94	0.93	0.85	0.81	-0.72	0.98	0.89	0.88	0.67	0.96	0.93	-0.89	-0.84	0.97	0.93	0.96
Total Stockholder Equity	1.0	-0.34	0.94	0.92		0.92	0.97	-0.81	0.81	-0.99	-0.82	0.98	0.98	0.55	-0.47	0.9	0.84	0.99	0.81	0.98	0.89	-0.92	-0.82	0.81	0.89	0.99
Other Liab	0.92	-0.65	0.95	0.95	0.92		0.97	-0.77	0.97	-0.89	-0.97	0.93	0.87	0.71	-0.73	0.91	0.87	0.9	0.69	0.93	0.93	-0.95	-0.84	0.9	0.88	0.95
Net Tangible Assets	0.97	-0.49	0.94	0.92	0.97	0.97		-0.83	0.9	-0.96	-0.89	0.96	0.95	0.56	-0.56	0.89	0.86	0.97	0.79	0.96	0.91	-0.97	-0.8	0.82	0.87	0.98
Property Plant And Equipment Net	-0.84	0.11	-0.7	-0.65	-0.81	-0.77	-0.83		-0.65	0.88	0.65	-0.81	-0.89	-0.21	0.33	-0.58	-0.77	-0.87	-0.68	-0.74	-0.8	0.72	0.76	-0.53	-0.65	-0.77
Current Deferred Revenue	0.81	-0.78	0.9	0.92	0.81	0.97	0.9	-0.65		-0.77	-1.0	0.83	0.74	0.77	-0.83	0.87	0.84	0.77	0.59	0.84	0.89	-0.9	-0.78	0.91	0.83	0.86
Net Debt	-0.99	0.26	-0.91	-0.87	-0.99	-0.89	-0.96	0.88	-0.77		0.77	-0.98	-1.0	-0.46	0.41	-0.85	-0.83	-1.0	-0.84	-0.95	-0.87	0.89	0.82	-0.75	-0.86	-0.97
Retained Earnings	-0.82	0.76	-0.92	-0.94	-0.82	-0.97	-0.89	0.65	-1.0	0.77		-0.84	-0.74	-0.8	0.83	-0.9	-0.87	-0.78	-0.58	-0.86	-0.91	0.89	0.8	-0.94	-0.85	-0.87
Accounts Payable	0.99	-0.39	0.96	0.93	0.98	0.93	0.96	-0.81	0.83	-0.98	-0.84		0.97	0.61	-0.54	0.92	0.81	0.98	0.85	0.96	0.87	-0.9	-0.89	0.84	0.94	0.98
Cash	0.99	-0.21	0.89	0.85	0.98	0.87	0.95	-0.89	0.74	-1.0	-0.74	0.97		0.42	-0.37	0.83	0.82	1.0	0.84	0.94	0.86	-0.87	-0.81	0.72	0.85	0.95
Non Current Assets Total	0.54	-0.72	0.79	0.81	0.55	0.71	0.56	-0.21	0.77	-0.46	-0.8	0.61	0.42		-0.92	0.8	0.58	0.47	0.24	0.65	0.66	-0.6	-0.73	0.9	0.71	0.65
Non Currrent Assets Other	-0.48	0.81	-0.71	-0.72	-0.47	-0.73	-0.56	0.33	-0.83	0.41	0.83	-0.54	-0.37	-0.92		-0.67	-0.57	-0.41	-0.15	-0.55	-0.67	0.61	0.73	-0.81	-0.6	-0.57
Other Assets	0.9	-0.54	0.98	0.98	0.9	0.91	0.89	-0.58	0.87	-0.85	-0.9	0.92	0.83	0.8	-0.67		0.83	0.86	0.73	0.94	0.87	-0.85	-0.82	0.97	0.96	0.95
Long Term Debt	0.86	-0.38	0.86	0.89	0.84	0.87	0.86	-0.77	0.84	-0.83	-0.87	0.81	0.82	0.58	-0.57	0.83		0.85	0.58	0.88	0.98	-0.76	-0.71	0.85	0.78	0.87
Cash And Short Term Investments	1.0	-0.26	0.91	0.88	0.99	0.9	0.97	-0.87	0.77	-1.0	-0.78	0.98	1.0	0.47	-0.41	0.86	0.85		0.83	0.96	0.88	-0.89	-0.81	0.76	0.87	0.97
Net Receivables	0.83	-0.19	0.72	0.67	0.81	0.69	0.79	-0.68	0.59	-0.84	-0.58	0.85	0.84	0.24	-0.15	0.73	0.58	0.83		0.73	0.6	-0.68	-0.61	0.57	0.84	0.78
Common Stock Total Equity	0.97	-0.41	0.96	0.96	0.98	0.93	0.96	-0.74	0.84	-0.95	-0.86	0.96	0.94	0.65	-0.55	0.94	0.88	0.96	0.73		0.91	-0.92	-0.8	0.87	0.88	0.99
Common Stock Shares Outstanding	0.9	-0.44	0.92	0.93	0.89	0.93	0.91	-0.8	0.89	-0.87	-0.91	0.87	0.86	0.66	-0.67	0.87	0.98	0.88	0.6	0.91		-0.82	-0.82	0.9	0.83	0.91
Non Current Liabilities Total	-0.9	0.61	-0.89	-0.89	-0.92	-0.95	-0.97	0.72	-0.9	0.89	0.89	-0.9	-0.87	-0.6	0.61	-0.85	-0.76	-0.89	-0.68	-0.92	-0.82		0.74	-0.79	-0.78	-0.93
Capital Lease Obligations	-0.84	0.39	-0.89	-0.84	-0.82	-0.84	-0.8	0.76	-0.78	0.82	0.8	-0.89	-0.81	-0.73	0.73	-0.82	-0.71	-0.81	-0.61	-0.8	-0.82	0.74		-0.82	-0.86	-0.84
Inventory	0.82	-0.64	0.95	0.97	0.81	0.9	0.82	-0.53	0.91	-0.75	-0.94	0.84	0.72	0.9	-0.81	0.97	0.85	0.76	0.57	0.87	0.9	-0.79	-0.82		0.91	0.88
Other Current Assets	0.9	-0.46	0.95	0.93	0.89	0.88	0.87	-0.65	0.83	-0.86	-0.85	0.94	0.85	0.71	-0.6	0.96	0.78	0.87	0.84	0.88	0.83	-0.78	-0.86	0.91		0.92
Other Stockholder Equity	0.99	-0.43	0.98	0.96	0.99	0.95	0.98	-0.77	0.86	-0.97	-0.87	0.98	0.95	0.65	-0.57	0.95	0.87	0.97	0.78	0.99	0.91	-0.93	-0.84	0.88	0.92

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908 Devices Account Relationship Matchups

908 Devices fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.7M	178.8M	260.9M	242.6M	203.0M	174.3M
Short Long Term Debt Total	22.8M	21.9M	20.9M	16.5M	5.9M	5.6M
Other Current Liab	2.9M	5.0M	7.0M	8.8M	8.7M	6.5M
Total Current Liabilities	6.1M	10.8M	14.8M	19.2M	22.5M	14.3M
Total Stockholder Equity	(63.2M)	139.0M	214.6M	190.6M	165.5M	109.3M
Other Liab	1.3M	8.8M	12.0M	14.7M	16.9M	17.8M
Net Tangible Assets	(63.2M)	139.0M	214.6M	172.1M	197.9M	207.8M
Property Plant And Equipment Net	8.6M	7.1M	6.8M	7.0M	9.6M	6.5M
Current Deferred Revenue	1.5M	3.1M	5.2M	7.5M	10.6M	11.2M
Net Debt	4.9M	(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 Payable	577K	1.0M	1.4M	1.4M	1.2M	1.1M
Cash	17.9M	159.2M	224.1M	188.4M	121.0M	131.6M
Non Current Assets Total	9.1M	7.9M	8.0M	27.0M	29.2M	16.8M
Non Currrent Assets Other	511K	723K	1.2M	(1.3M)	(1.2M)	(1.2M)
Other Assets	511K	723K	1.2M	1.4M	1.6M	962.9K
Cash And Short Term Investments	17.9M	159.2M	224.1M	188.4M	145.7M	136.1M
Net Receivables	5.1M	6.9M	16.4M	10.0M	9.0M	9.8M
Common Stock Shares Outstanding	26.2M	27.3M	28.0M	31.5M	32.2M	30.1M
Liabilities And Stockholders Equity	37.7M	178.8M	260.9M	242.6M	203.0M	174.3M
Non Current Liabilities Total	94.8M	29.0M	31.5M	32.8M	14.9M	14.2M
Capital Lease Obligations	8.0M	7.0M	5.9M	1.5M	5.9M	4.9M
Inventory	5.2M	4.6M	7.9M	12.5M	14.9M	8.9M
Other Current Assets	351K	300K	4.5M	4.7M	4.2M	2.6M
Other Stockholder Equity	(2.9M)	217.5M	315.2M	324.0M	334.7M	218.7M
Total Liab	100.8M	39.8M	46.3M	52.0M	37.5M	47.2M
Net Invested Capital	(48.4M)	153.9M	229.6M	15M	165.5M	87.1M
Property Plant And Equipment Gross	8.6M	7.1M	6.8M	7.0M	15.5M	10.1M
Total Current Assets	28.6M	171.0M	252.9M	215.6M	173.8M	157.5M
Accumulated Other Comprehensive Income	(65.6M)	(178.8M)	0.0	798K	1.4M	1.4M
Net Working Capital	22.5M	160.1M	238.1M	196.4M	151.2M	143.1M
Short Term Debt	1.1M	1.7M	1.3M	1.5M	2.0M	1.4M
Property Plant Equipment	8.6M	7.1M	6.8M	3.1M	2.8M	2.6M

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