DGI Total Current Liabilities vs Total Liab 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 Total Current Liabilities and its Total Liab 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.

Total Current Liabilities vs Total Liab

Total Current Liabilities vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DG Innovate PLC Total Current Liabilities account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between DG Innovate's Total Current Liabilities and Total Liab is 0.63. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Liab 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 Total Current Liabilities and Total Liab 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 Current Liabilities of DG Innovate PLC are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Liabilities i.e., DG Innovate's Total Current Liabilities and Total Liab go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on DG Innovate balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of DG Innovate PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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

-0.110.960.460.57-0.130.68-0.310.210.10.640.42-0.30.120.110.28-0.170.360.520.590.470.460.570.210.560.52
-0.11-0.27-0.34-0.140.89-0.150.10.63-0.48-0.29-0.670.89-0.48-0.190.38-0.34-0.19-0.1-0.01-0.130.030.010.45-0.51-0.7
0.96-0.270.630.47-0.30.57-0.37-0.040.290.540.48-0.430.310.140.11-0.060.240.370.430.290.420.40.050.580.57
0.46-0.340.630.21-0.510.06-0.81-0.50.66-0.080.3-0.380.650.1-0.430.48-0.28-0.2-0.35-0.29-0.19-0.28-0.350.160.29
0.57-0.140.470.21-0.230.92-0.480.260.030.740.38-0.170.07-0.140.020.350.230.860.580.7-0.080.730.010.20.47
-0.130.89-0.3-0.51-0.23-0.170.330.6-0.6-0.23-0.720.82-0.590.020.42-0.6-0.16-0.080.1-0.10.160.060.43-0.52-0.72
0.68-0.150.570.060.92-0.17-0.180.31-0.070.920.46-0.15-0.03-0.090.10.150.360.950.820.770.270.810.030.330.56
-0.310.1-0.37-0.81-0.480.33-0.180.16-0.370.09-0.10.2-0.370.090.27-0.540.190.030.340.030.570.080.160.07-0.09
0.210.63-0.04-0.50.260.60.310.16-0.680.27-0.280.45-0.7-0.10.73-0.490.390.40.490.560.210.530.630.03-0.23
0.1-0.480.290.660.03-0.6-0.07-0.37-0.68-0.070.45-0.340.990.31-0.470.57-0.49-0.23-0.38-0.41-0.08-0.29-0.360.270.38
0.64-0.290.54-0.080.74-0.230.920.090.27-0.070.62-0.24-0.020.010.110.010.490.920.910.790.510.75-0.020.520.71
0.42-0.670.480.30.38-0.720.46-0.1-0.280.450.62-0.650.48-0.15-0.260.270.450.410.370.440.290.22-0.350.790.98
-0.30.89-0.43-0.38-0.170.82-0.150.20.45-0.34-0.24-0.65-0.34-0.050.08-0.11-0.45-0.1-0.05-0.280.08-0.150.16-0.69-0.72
0.12-0.480.310.650.07-0.59-0.03-0.37-0.70.99-0.020.48-0.340.32-0.470.57-0.47-0.18-0.34-0.37-0.08-0.25-0.350.260.4
0.11-0.190.140.1-0.140.02-0.090.09-0.10.310.01-0.15-0.050.320.18-0.12-0.4-0.13-0.06-0.160.17-0.010.20.01-0.12
0.280.380.11-0.430.020.420.10.270.73-0.470.11-0.260.08-0.470.18-0.710.460.180.350.450.190.590.960.31-0.17
-0.17-0.34-0.060.480.35-0.60.15-0.54-0.490.570.010.27-0.110.57-0.12-0.71-0.430.06-0.31-0.19-0.43-0.26-0.58-0.20.21
0.36-0.190.24-0.280.23-0.160.360.190.39-0.490.490.45-0.45-0.47-0.40.46-0.430.440.580.780.240.530.30.650.53
0.52-0.10.37-0.20.86-0.080.950.030.4-0.230.920.41-0.1-0.18-0.130.180.060.440.890.840.290.860.090.290.51
0.59-0.010.43-0.350.580.10.820.340.49-0.380.910.37-0.05-0.34-0.060.35-0.310.580.890.80.630.820.190.410.48
0.47-0.130.29-0.290.7-0.10.770.030.56-0.410.790.44-0.28-0.37-0.160.45-0.190.780.840.80.170.840.320.50.54
0.460.030.42-0.19-0.080.160.270.570.21-0.080.510.290.08-0.080.170.19-0.430.240.290.630.170.230.020.420.31
0.570.010.4-0.280.730.060.810.080.53-0.290.750.22-0.15-0.25-0.010.59-0.260.530.860.820.840.230.530.410.36
0.210.450.05-0.350.010.430.030.160.63-0.36-0.02-0.350.16-0.350.20.96-0.580.30.090.190.320.020.530.18-0.28
0.56-0.510.580.160.2-0.520.330.070.030.270.520.79-0.690.260.010.31-0.20.650.290.410.50.420.410.180.82
0.52-0.70.570.290.47-0.720.56-0.09-0.230.380.710.98-0.720.4-0.12-0.170.210.530.510.480.540.310.36-0.280.82
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DG Innovate Account Relationship Matchups

DG Innovate fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.2K468.05.2M6.6M7.2M7.6M
Total Current Liabilities1.9M2.1M1.2M640.2K564.9K779.7K
Total Stockholder Equity(1.9M)(2.1M)2.8M5.4M4.4M4.6M
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 Payable323.4K365.7K234.6K204.4K91.7K160.0K
Cash162.0468.057.5K235.0K1.9M2.0M
Total Liab1.9M2.1M2.4M1.2M2.9M1.5M
Total Current Assets10.2K468.0174.7K1.3M2.3M2.4M
Other Current Liab1.3M1.6M151.0K292.7K265.2K396.0K
Property Plant And Equipment Net650.2K551.5K859.7K725.1K536.2K639.9K
Net Debt291.0K211.6K1.8M380.0K574.5K319.2K
Non Currrent Assets Other200K1K(5.3M)(5.3M)(1.0)(1.05)
Cash And Short Term Investments162.0468.057.5K235.0K1.9M2.0M
Liabilities And Stockholders Equity10.2K468.05.2M6.6M7.2M7.6M
Other Current Assets10.1K324.3K117.3K1.0M404.7K286.5K
Short Long Term Debt Total291.2K212.1K1.9M615.0K2.5M2.6M
Short Term Debt291.2K212.1K764.8K143.2K208.0K257.0K
Net Invested Capital(1.6M)(2.0M)934.4K5.5M6.5M6.8M
Net Working Capital(1.9M)(2.1M)853.9K618.3K1.7M1.8M
Intangible Assets3.5M3.8M4.1M4.6M4.4M4.0M
Net Receivables10.1K13.8K86.7K894.4K404.7K253.6K
Long Term Debt537.6K919.8K880.7K185.4K1.9M2.0M
Short Long Term Debt291.2K152.1K715.2K83.3K132.8K192.3K

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Other Information on Investing in DGI Stock

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.