DGI Cash And Short Term Investments vs Net Debt Analysis

DGI Stock

0.1 0.01 13.64%

DG Innovate financial indicator trend analysis is much more than just examining DG Innovate PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DG Innovate PLC is a good investment. Please check the relationship between DG Innovate Cash And Short Term Investments and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DG Innovate PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DG Innovate PLC Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between DG Innovate's Cash And Short Term Investments and Net Debt is 0.18. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of DG Innovate PLC, assuming nothing else is changed. The correlation between historical values of DG Innovate's Cash And Short Term Investments 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 Cash And Short Term Investments of DG Innovate PLC 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 Cash And Short Term Investments i.e., DG Innovate's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of DG Innovate PLC balance sheet. This account contains DG Innovate investments that will expire within one year. These investments include stocks and bonds that can be liquidated by DG Innovate PLC fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 DG Innovate's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DG Innovate PLC 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 DG Innovate PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The current year's Selling General Administrative is expected to grow to about 3.2 M, whereas Tax Provision is forecasted to decline to (138 K).

DG Innovate fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Stockholder Equity	Total Liab	Long Term Investments	Total Current Assets	Common Stock	Other Current Liab	Property Plant Equipment	Property Plant And Equipment Net	Net Debt	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Short Long Term Debt Total	Short Term Debt	Non Current Assets Total	Net Invested Capital
Total Assets		-0.11	0.96	0.46	0.57	-0.13	0.68	-0.31	0.21	0.1	0.64	0.42	-0.3	0.12	0.11	0.28	-0.17	0.36	0.52	0.59	0.47	0.46	0.57	0.21	0.56	0.52
Total Current Liabilities	-0.11		-0.27	-0.34	-0.14	0.89	-0.15	0.1	0.63	-0.48	-0.29	-0.67	0.89	-0.48	-0.19	0.38	-0.34	-0.19	-0.1	-0.01	-0.13	0.03	0.01	0.45	-0.51	-0.7
Total Stockholder Equity	0.96	-0.27		0.63	0.47	-0.3	0.57	-0.37	-0.04	0.29	0.54	0.48	-0.43	0.31	0.14	0.11	-0.06	0.24	0.37	0.43	0.29	0.42	0.4	0.05	0.58	0.57
Net Tangible Assets	0.46	-0.34	0.63		0.21	-0.51	0.06	-0.81	-0.5	0.66	-0.08	0.3	-0.38	0.65	0.1	-0.43	0.48	-0.28	-0.2	-0.35	-0.29	-0.19	-0.28	-0.35	0.16	0.29
Retained Earnings	0.57	-0.14	0.47	0.21		-0.23	0.92	-0.48	0.26	0.03	0.74	0.38	-0.17	0.07	-0.14	0.02	0.35	0.23	0.86	0.58	0.7	-0.08	0.73	0.01	0.2	0.47
Accounts Payable	-0.13	0.89	-0.3	-0.51	-0.23		-0.17	0.33	0.6	-0.6	-0.23	-0.72	0.82	-0.59	0.02	0.42	-0.6	-0.16	-0.08	0.1	-0.1	0.16	0.06	0.43	-0.52	-0.72
Cash	0.68	-0.15	0.57	0.06	0.92	-0.17		-0.18	0.31	-0.07	0.92	0.46	-0.15	-0.03	-0.09	0.1	0.15	0.36	0.95	0.82	0.77	0.27	0.81	0.03	0.33	0.56
Other Stockholder Equity	-0.31	0.1	-0.37	-0.81	-0.48	0.33	-0.18		0.16	-0.37	0.09	-0.1	0.2	-0.37	0.09	0.27	-0.54	0.19	0.03	0.34	0.03	0.57	0.08	0.16	0.07	-0.09
Total Liab	0.21	0.63	-0.04	-0.5	0.26	0.6	0.31	0.16		-0.68	0.27	-0.28	0.45	-0.7	-0.1	0.73	-0.49	0.39	0.4	0.49	0.56	0.21	0.53	0.63	0.03	-0.23
Long Term Investments	0.1	-0.48	0.29	0.66	0.03	-0.6	-0.07	-0.37	-0.68		-0.07	0.45	-0.34	0.99	0.31	-0.47	0.57	-0.49	-0.23	-0.38	-0.41	-0.08	-0.29	-0.36	0.27	0.38
Total Current Assets	0.64	-0.29	0.54	-0.08	0.74	-0.23	0.92	0.09	0.27	-0.07		0.62	-0.24	-0.02	0.01	0.11	0.01	0.49	0.92	0.91	0.79	0.51	0.75	-0.02	0.52	0.71
Common Stock	0.42	-0.67	0.48	0.3	0.38	-0.72	0.46	-0.1	-0.28	0.45	0.62		-0.65	0.48	-0.15	-0.26	0.27	0.45	0.41	0.37	0.44	0.29	0.22	-0.35	0.79	0.98
Other Current Liab	-0.3	0.89	-0.43	-0.38	-0.17	0.82	-0.15	0.2	0.45	-0.34	-0.24	-0.65		-0.34	-0.05	0.08	-0.11	-0.45	-0.1	-0.05	-0.28	0.08	-0.15	0.16	-0.69	-0.72
Property Plant Equipment	0.12	-0.48	0.31	0.65	0.07	-0.59	-0.03	-0.37	-0.7	0.99	-0.02	0.48	-0.34		0.32	-0.47	0.57	-0.47	-0.18	-0.34	-0.37	-0.08	-0.25	-0.35	0.26	0.4
Property Plant And Equipment Net	0.11	-0.19	0.14	0.1	-0.14	0.02	-0.09	0.09	-0.1	0.31	0.01	-0.15	-0.05	0.32		0.18	-0.12	-0.4	-0.13	-0.06	-0.16	0.17	-0.01	0.2	0.01	-0.12
Net Debt	0.28	0.38	0.11	-0.43	0.02	0.42	0.1	0.27	0.73	-0.47	0.11	-0.26	0.08	-0.47	0.18		-0.71	0.46	0.18	0.35	0.45	0.19	0.59	0.96	0.31	-0.17
Non Currrent Assets Other	-0.17	-0.34	-0.06	0.48	0.35	-0.6	0.15	-0.54	-0.49	0.57	0.01	0.27	-0.11	0.57	-0.12	-0.71		-0.43	0.06	-0.31	-0.19	-0.43	-0.26	-0.58	-0.2	0.21
Other Assets	0.36	-0.19	0.24	-0.28	0.23	-0.16	0.36	0.19	0.39	-0.49	0.49	0.45	-0.45	-0.47	-0.4	0.46	-0.43		0.44	0.58	0.78	0.24	0.53	0.3	0.65	0.53
Cash And Short Term Investments	0.52	-0.1	0.37	-0.2	0.86	-0.08	0.95	0.03	0.4	-0.23	0.92	0.41	-0.1	-0.18	-0.13	0.18	0.06	0.44		0.89	0.84	0.29	0.86	0.09	0.29	0.51
Common Stock Shares Outstanding	0.59	-0.01	0.43	-0.35	0.58	0.1	0.82	0.34	0.49	-0.38	0.91	0.37	-0.05	-0.34	-0.06	0.35	-0.31	0.58	0.89		0.8	0.63	0.82	0.19	0.41	0.48
Non Current Liabilities Total	0.47	-0.13	0.29	-0.29	0.7	-0.1	0.77	0.03	0.56	-0.41	0.79	0.44	-0.28	-0.37	-0.16	0.45	-0.19	0.78	0.84	0.8		0.17	0.84	0.32	0.5	0.54
Other Current Assets	0.46	0.03	0.42	-0.19	-0.08	0.16	0.27	0.57	0.21	-0.08	0.51	0.29	0.08	-0.08	0.17	0.19	-0.43	0.24	0.29	0.63	0.17		0.23	0.02	0.42	0.31
Short Long Term Debt Total	0.57	0.01	0.4	-0.28	0.73	0.06	0.81	0.08	0.53	-0.29	0.75	0.22	-0.15	-0.25	-0.01	0.59	-0.26	0.53	0.86	0.82	0.84	0.23		0.53	0.41	0.36
Short Term Debt	0.21	0.45	0.05	-0.35	0.01	0.43	0.03	0.16	0.63	-0.36	-0.02	-0.35	0.16	-0.35	0.2	0.96	-0.58	0.3	0.09	0.19	0.32	0.02	0.53		0.18	-0.28
Non Current Assets Total	0.56	-0.51	0.58	0.16	0.2	-0.52	0.33	0.07	0.03	0.27	0.52	0.79	-0.69	0.26	0.01	0.31	-0.2	0.65	0.29	0.41	0.5	0.42	0.41	0.18		0.82
Net Invested Capital	0.52	-0.7	0.57	0.29	0.47	-0.72	0.56	-0.09	-0.23	0.38	0.71	0.98	-0.72	0.4	-0.12	-0.17	0.21	0.53	0.51	0.48	0.54	0.31	0.36	-0.28	0.82

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DG Innovate Account Relationship Matchups

DG Innovate fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.2K	468.0	5.2M	6.6M	7.2M	7.6M
Total Current Liabilities	1.9M	2.1M	1.2M	640.2K	564.9K	779.7K
Total Stockholder Equity	(1.9M)	(2.1M)	2.8M	5.4M	4.4M	4.6M
Net Tangible Assets	(13.7K)	(1.6M)	(1.9M)	(2.1M)	(1.9M)	(1.8M)
Retained Earnings	(36.3M)	(36.6M)	(35.7M)	(46.2M)	(10.3M)	(10.8M)
Accounts Payable	323.4K	365.7K	234.6K	204.4K	91.7K	160.0K
Cash	162.0	468.0	57.5K	235.0K	1.9M	2.0M
Total Liab	1.9M	2.1M	2.4M	1.2M	2.9M	1.5M
Total Current Assets	10.2K	468.0	174.7K	1.3M	2.3M	2.4M
Other Current Liab	1.3M	1.6M	151.0K	292.7K	265.2K	396.0K
Property Plant And Equipment Net	650.2K	551.5K	859.7K	725.1K	536.2K	639.9K
Net Debt	291.0K	211.6K	1.8M	380.0K	574.5K	319.2K
Non Currrent Assets Other	200K	1K	(5.3M)	(5.3M)	(1.0)	(1.05)
Cash And Short Term Investments	162.0	468.0	57.5K	235.0K	1.9M	2.0M
Liabilities And Stockholders Equity	10.2K	468.0	5.2M	6.6M	7.2M	7.6M
Other Current Assets	10.1K	324.3K	117.3K	1.0M	404.7K	286.5K
Short Long Term Debt Total	291.2K	212.1K	1.9M	615.0K	2.5M	2.6M
Short Term Debt	291.2K	212.1K	764.8K	143.2K	208.0K	257.0K
Net Invested Capital	(1.6M)	(2.0M)	934.4K	5.5M	6.5M	6.8M
Net Working Capital	(1.9M)	(2.1M)	853.9K	618.3K	1.7M	1.8M
Intangible Assets	3.5M	3.8M	4.1M	4.6M	4.4M	4.0M
Net Receivables	10.1K	13.8K	86.7K	894.4K	404.7K	253.6K
Long Term Debt	537.6K	919.8K	880.7K	185.4K	1.9M	2.0M
Short Long Term Debt	291.2K	152.1K	715.2K	83.3K	132.8K	192.3K

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Balance Sheet is a snapshot of the financial position of DG Innovate PLC at a specified time, usually calculated after every quarter, six months, or one year. DG Innovate Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of DG Innovate and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which DGI currently owns. An asset can also be divided into two categories, current and non-current.

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DGI Cash And Short Term Investments vs Net Debt Analysis

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Debt

DG Innovate fundamental ratios Correlations

DG Innovate Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DG Innovate fundamental ratios Accounts

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Other Information on Investing in DGI Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant Equipment	+ 0.99	Long Term Investments
Net Invested Capital	+ 0.98	Common Stock
Total Stockholder Equity	+ 0.96	Total Assets
Short Term Debt	+ 0.96	Net Debt
Cash And Short Term Investments	+ 0.95	Cash
Cash	+ 0.92	Retained Earnings

Other Stockholder Equity	- 0.81	Net Tangible Assets
Net Invested Capital	- 0.72	Other Current Liab
Net Invested Capital	- 0.72	Accounts Payable
Common Stock	- 0.72	Accounts Payable
Non Currrent Assets Other	- 0.71	Net Debt
Property Plant Equipment	- 0.7	Total Liab