Digihost Cash vs Other Stockholder Equity Analysis
DGHI Stock | CAD 2.86 0.30 11.72% |
Digihost Technology financial indicator trend analysis is much more than just examining Digihost Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digihost Technology is a good investment. Please check the relationship between Digihost Technology Cash and its Other Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digihost Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Digihost Stock please use our How to Invest in Digihost Technology guide.
Cash vs Other Stockholder Equity
Cash vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digihost Technology Cash account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Digihost Technology's Cash and Other Stockholder Equity is 0.7. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Digihost Technology, assuming nothing else is changed. The correlation between historical values of Digihost Technology's Cash and Other Stockholder 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 Digihost Technology are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., Digihost Technology's Cash and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Digihost Technology, which is listed under current asset account on Digihost Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Digihost Technology customers. The amounts must be unrestricted with restricted cash listed in a different Digihost Technology 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.Other Stockholder Equity
Most indicators from Digihost Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digihost Technology 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 Digihost Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Digihost Stock please use our How to Invest in Digihost Technology guide.Digihost Technology reported Tax Provision of (1.54 Million) in 2023. Selling General Administrative is likely to climb to about 5.7 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (10.04) in 2024.
Digihost Technology fundamental ratios Correlations
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Digihost Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digihost Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Current Liabilities | 4.2M | 3.0M | 5.5M | 3.3M | 5.3M | 3.9M | |
Retained Earnings | (274.7K) | (5.5M) | (5.5M) | (4.6M) | (26.5M) | (25.2M) | |
Other Current Assets | 1.3M | 12.6K | 709.6K | 741.4K | 852.6K | 611.0K | |
Total Current Assets | 3.9M | 4.7M | 36.2M | 6.1M | 2.2M | 2.1M |
Thematic Opportunities
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Additional Tools for Digihost Stock Analysis
When running Digihost Technology's price analysis, check to measure Digihost Technology'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 Digihost Technology is operating at the current time. Most of Digihost Technology's value examination focuses on studying past and present price action to predict the probability of Digihost Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digihost Technology's price. Additionally, you may evaluate how the addition of Digihost Technology to your portfolios can decrease your overall portfolio volatility.