Digihost Depreciation And Amortization vs Operating Income Analysis

DGHI Stock

CAD 2.86 0.25 9.58%

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 Depreciation And Amortization and its Operating Income 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.

Depreciation And Amortization vs Operating Income

Depreciation And Amortization vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digihost Technology Depreciation And Amortization account and Operating Income. At this time, the significance of the direction appears to have pay attention.

The correlation between Digihost Technology's Depreciation And Amortization and Operating Income is -0.88. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Operating Income 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 Depreciation And Amortization and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Digihost Technology are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Depreciation And Amortization i.e., Digihost Technology's Depreciation And Amortization and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.88

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Operating Income

Operating Income is the amount of profit realized from Digihost Technology operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Digihost Technology is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Other Current Assets	Total Current Assets	Common Stock	Total Assets	Other Current Liab	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Short Long Term Debt Total	Other Liab	Current Deferred Revenue	Long Term Debt	Other Stockholder Equity	Short Long Term Debt	Short Term Debt
Total Current Liabilities		0.8	-0.68	0.86	0.62	0.84	0.81	-0.7	0.79	0.2	0.77	0.45	0.69	-0.78	0.73	0.81	0.8	0.85	0.44	-0.79	0.79	0.54	-0.78	0.81	-0.79	-0.79
Net Tangible Assets	0.8		-0.83	0.62	0.49	0.92	0.91	-0.82	0.89	-0.03	0.96	0.64	0.96	-0.78	0.95	0.85	0.89	0.95	0.33	-1.0	1.0	0.68	-1.0	0.97	-0.98	-1.0
Retained Earnings	-0.68	-0.83		-0.49	-0.1	-0.64	-0.57	0.81	-0.52	-0.23	-0.96	-0.15	-0.87	0.69	-0.76	-0.86	-0.53	-0.69	0.08	0.78	-0.82	-0.94	0.84	-0.73	0.7	0.78
Other Current Assets	0.86	0.62	-0.49		0.41	0.6	0.58	-0.46	0.57	-0.13	0.57	0.45	0.6	-0.43	0.64	0.54	0.57	0.61	0.23	-0.64	0.63	0.43	-0.63	0.64	-0.64	-0.64
Total Current Assets	0.62	0.49	-0.1	0.41		0.71	0.79	-0.14	0.81	-0.13	0.3	0.47	0.22	-0.41	0.36	0.49	0.8	0.7	0.98	-0.52	0.48	-0.06	-0.46	0.59	-0.59	-0.52
Common Stock	0.84	0.92	-0.64	0.6	0.71		0.97	-0.71	0.95	0.0	0.81	0.7	0.79	-0.8	0.89	0.86	0.96	0.99	0.59	-0.93	0.91	0.52	-0.89	0.97	-0.96	-0.93
Total Assets	0.81	0.91	-0.57	0.58	0.79	0.97		-0.65	1.0	-0.05	0.77	0.72	0.75	-0.75	0.83	0.78	1.0	0.98	0.68	-0.92	0.9	0.39	-0.88	0.94	-0.95	-0.92
Other Current Liab	-0.7	-0.82	0.81	-0.46	-0.14	-0.71	-0.65		-0.63	-0.47	-0.86	-0.49	-0.84	0.93	-0.78	-0.69	-0.65	-0.74	0.03	0.78	-0.79	-0.65	0.8	-0.73	0.74	0.78
Total Stockholder Equity	0.79	0.89	-0.52	0.57	0.81	0.95	1.0	-0.63		-0.08	0.74	0.75	0.73	-0.73	0.81	0.73	1.0	0.97	0.7	-0.91	0.88	0.32	-0.86	0.92	-0.94	-0.91
Net Debt	0.2	-0.03	-0.23	-0.13	-0.13	0.0	-0.05	-0.47	-0.08		0.12	-0.27	-0.05	-0.57	-0.15	0.14	-0.05	0.01	-0.2	0.1	-0.08	0.12	0.07	-0.12	0.13	0.1
Accounts Payable	0.77	0.96	-0.96	0.57	0.3	0.81	0.77	-0.86	0.74	0.12		0.41	0.96	-0.78	0.89	0.88	0.75	0.85	0.12	-0.93	0.95	0.83	-0.96	0.88	-0.87	-0.93
Cash	0.45	0.64	-0.15	0.45	0.47	0.7	0.72	-0.49	0.75	-0.27	0.41		0.58	-0.48	0.71	0.27	0.75	0.69	0.42	-0.69	0.64	0.0	-0.61	0.7	-0.76	-0.69
Cash And Short Term Investments	0.69	0.96	-0.87	0.6	0.22	0.79	0.75	-0.84	0.73	-0.05	0.96	0.58		-0.69	0.95	0.77	0.73	0.83	0.05	-0.94	0.96	0.77	-0.97	0.9	-0.9	-0.94
Net Receivables	-0.78	-0.78	0.69	-0.43	-0.41	-0.8	-0.75	0.93	-0.73	-0.57	-0.78	-0.48	-0.69		-0.69	-0.73	-0.75	-0.81	-0.26	0.74	-0.74	-0.5	0.74	-0.73	0.73	0.74
Common Stock Shares Outstanding	0.73	0.95	-0.76	0.64	0.36	0.89	0.83	-0.78	0.81	-0.15	0.89	0.71	0.95	-0.69		0.8	0.81	0.89	0.22	-0.96	0.95	0.7	-0.95	0.96	-0.96	-0.96
Total Liab	0.81	0.85	-0.86	0.54	0.49	0.86	0.78	-0.69	0.73	0.14	0.88	0.27	0.77	-0.73	0.8		0.73	0.86	0.34	-0.83	0.84	0.83	-0.85	0.86	-0.8	-0.83
Net Invested Capital	0.8	0.89	-0.53	0.57	0.8	0.96	1.0	-0.65	1.0	-0.05	0.75	0.75	0.73	-0.75	0.81	0.73		0.97	0.69	-0.91	0.88	0.33	-0.87	0.92	-0.94	-0.91
Capital Stock	0.85	0.95	-0.69	0.61	0.7	0.99	0.98	-0.74	0.97	0.01	0.85	0.69	0.83	-0.81	0.89	0.86	0.97		0.57	-0.96	0.94	0.53	-0.93	0.98	-0.97	-0.96
Net Working Capital	0.44	0.33	0.08	0.23	0.98	0.59	0.68	0.03	0.7	-0.2	0.12	0.42	0.05	-0.26	0.22	0.34	0.69	0.57		-0.38	0.33	-0.23	-0.3	0.45	-0.46	-0.38
Short Long Term Debt Total	-0.79	-1.0	0.78	-0.64	-0.52	-0.93	-0.92	0.78	-0.91	0.1	-0.93	-0.69	-0.94	0.74	-0.96	-0.83	-0.91	-0.96	-0.38		-1.0	-0.64	0.99	-0.98	0.99	1.0
Other Liab	0.79	1.0	-0.82	0.63	0.48	0.91	0.9	-0.79	0.88	-0.08	0.95	0.64	0.96	-0.74	0.95	0.84	0.88	0.94	0.33	-1.0		0.68	-1.0	0.97	-0.98	-1.0
Current Deferred Revenue	0.54	0.68	-0.94	0.43	-0.06	0.52	0.39	-0.65	0.32	0.12	0.83	0.0	0.77	-0.5	0.7	0.83	0.33	0.53	-0.23	-0.64	0.68		-0.71	0.62	-0.56	-0.64
Long Term Debt	-0.78	-1.0	0.84	-0.63	-0.46	-0.89	-0.88	0.8	-0.86	0.07	-0.96	-0.61	-0.97	0.74	-0.95	-0.85	-0.87	-0.93	-0.3	0.99	-1.0	-0.71		-0.96	0.97	0.99
Other Stockholder Equity	0.81	0.97	-0.73	0.64	0.59	0.97	0.94	-0.73	0.92	-0.12	0.88	0.7	0.9	-0.73	0.96	0.86	0.92	0.98	0.45	-0.98	0.97	0.62	-0.96		-0.99	-0.98
Short Long Term Debt	-0.79	-0.98	0.7	-0.64	-0.59	-0.96	-0.95	0.74	-0.94	0.13	-0.87	-0.76	-0.9	0.73	-0.96	-0.8	-0.94	-0.97	-0.46	0.99	-0.98	-0.56	0.97	-0.99		0.99
Short Term Debt	-0.79	-1.0	0.78	-0.64	-0.52	-0.93	-0.92	0.78	-0.91	0.1	-0.93	-0.69	-0.94	0.74	-0.96	-0.83	-0.91	-0.96	-0.38	1.0	-1.0	-0.64	0.99	-0.98	0.99

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Digihost Technology Account Relationship Matchups

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

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