DigitalOcean Total Stockholder Equity vs Non Currrent Assets Other Analysis

DOCN Stock  USD 37.53  0.49  1.29%   
DigitalOcean Holdings financial indicator trend analysis is much more than just examining DigitalOcean Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DigitalOcean Holdings is a good investment. Please check the relationship between DigitalOcean Holdings Total Stockholder Equity and its Non Currrent Assets Other accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings 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 DigitalOcean Holdings Total Stockholder Equity account and Non Currrent Assets Other. At this time, the significance of the direction appears to have no relationship.
The correlation between DigitalOcean Holdings' Total Stockholder Equity and Non Currrent Assets Other is 0.02. 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 DigitalOcean Holdings, assuming nothing else is changed. The correlation between historical values of DigitalOcean Holdings' 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 DigitalOcean Holdings 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., DigitalOcean Holdings' Total Stockholder Equity and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.02
Relationship DirectionPositive 
Relationship StrengthInsignificant

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 DigitalOcean Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DigitalOcean Holdings 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 DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.At this time, DigitalOcean Holdings' Tax Provision is very stable compared to the past year. As of the 21st of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.29, while Selling General Administrative is likely to drop about 117.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense3.7M8.4M8.9M9.2M
Depreciation And Amortization88.4M102.2M117.9M91.5M

DigitalOcean Holdings fundamental ratios Correlations

0.790.7-0.32-0.89-0.230.880.920.83-0.170.610.80.940.770.820.010.830.910.660.430.790.950.810.590.750.8
0.790.9-0.69-0.83-0.290.930.910.410.220.340.80.870.630.79-0.360.980.860.910.050.980.870.760.310.910.8
0.70.9-0.72-0.89-0.430.810.840.460.210.360.760.780.640.78-0.420.930.890.980.110.920.810.750.360.990.76
-0.32-0.69-0.720.460.2-0.42-0.37-0.05-0.820.35-0.17-0.290.03-0.180.87-0.59-0.47-0.820.6-0.6-0.35-0.130.36-0.66-0.17
-0.89-0.83-0.890.460.52-0.86-0.91-0.720.11-0.56-0.85-0.91-0.76-0.850.21-0.89-0.92-0.8-0.42-0.85-0.91-0.84-0.56-0.91-0.85
-0.23-0.29-0.430.20.52-0.37-0.28-0.020.05-0.14-0.34-0.32-0.24-0.310.32-0.34-0.36-0.31-0.25-0.31-0.36-0.3-0.15-0.42-0.34
0.880.930.81-0.42-0.86-0.370.970.5-0.080.590.910.960.80.91-0.060.960.90.780.330.950.970.890.560.850.91
0.920.910.84-0.37-0.91-0.280.970.66-0.190.680.950.990.870.960.00.960.930.780.450.940.970.940.660.880.95
0.830.410.46-0.05-0.72-0.020.50.66-0.370.650.560.690.670.610.20.490.710.390.570.430.690.630.660.520.56
-0.170.220.21-0.820.110.05-0.08-0.19-0.37-0.79-0.39-0.26-0.56-0.38-0.870.06-0.070.37-0.940.09-0.18-0.43-0.790.12-0.39
0.610.340.360.35-0.56-0.140.590.680.65-0.790.810.710.940.830.670.510.630.250.910.480.690.861.00.450.81
0.80.80.76-0.17-0.85-0.340.910.950.56-0.390.810.950.950.990.180.890.850.670.620.880.910.990.790.811.0
0.940.870.78-0.29-0.91-0.320.960.990.69-0.260.710.950.880.950.060.920.920.710.510.90.980.940.690.830.95
0.770.630.640.03-0.76-0.240.80.870.67-0.560.940.950.880.970.410.770.830.550.770.740.870.980.930.720.95
0.820.790.78-0.18-0.85-0.310.910.960.61-0.380.830.990.950.970.20.890.890.70.620.880.931.00.820.830.99
0.01-0.36-0.420.870.210.32-0.060.00.2-0.870.670.180.060.410.2-0.22-0.09-0.490.73-0.230.020.250.67-0.330.18
0.830.980.93-0.59-0.89-0.340.960.960.490.060.510.890.920.770.89-0.220.930.910.221.00.930.870.490.950.89
0.910.860.89-0.47-0.92-0.360.90.930.71-0.070.630.850.920.830.89-0.090.930.850.380.890.970.880.630.920.85
0.660.910.98-0.82-0.8-0.310.780.780.390.370.250.670.710.550.7-0.490.910.85-0.060.910.760.660.240.960.67
0.430.050.110.6-0.42-0.250.330.450.57-0.940.910.620.510.770.620.730.220.38-0.060.180.460.670.920.20.62
0.790.980.92-0.6-0.85-0.310.950.940.430.090.480.880.90.740.88-0.231.00.890.910.180.90.850.450.940.88
0.950.870.81-0.35-0.91-0.360.970.970.69-0.180.690.910.980.870.930.020.930.970.760.460.90.920.670.860.91
0.810.760.75-0.13-0.84-0.30.890.940.63-0.430.860.990.940.981.00.250.870.880.660.670.850.920.850.810.99
0.590.310.360.36-0.56-0.150.560.660.66-0.791.00.790.690.930.820.670.490.630.240.920.450.670.850.450.79
0.750.910.99-0.66-0.91-0.420.850.880.520.120.450.810.830.720.83-0.330.950.920.960.20.940.860.810.450.81
0.80.80.76-0.17-0.85-0.340.910.950.56-0.390.811.00.950.950.990.180.890.850.670.620.880.910.990.790.81
Click cells to compare fundamentals

DigitalOcean Holdings Account Relationship Matchups

DigitalOcean Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab25.8M42.3M34.0M42.0M47.0M37.6M
Total Current Liabilities72.5M84.8M58.2M164.3M192.6M116.6M
Other Liab3.1M2.3M1.9M22.0M25.3M26.6M
Net Tangible Assets(131.9M)(134.9M)503.1M(381.6M)(438.8M)(416.8M)
Retained Earnings(123.5M)(167.0M)(186.5M)(210.8M)(344.2M)(327.0M)
Accounts Payable27.2M12.4M12.7M21.1M4.0M3.8M
Other Assets3.4M6.0M6.2M9.0M10.4M6.3M
Net Receivables24.0M28.1M39.6M53.8M62.2M41.1M
Other Stockholder Equity(72.0M)95.2M(3.4B)264.0M31.0M32.5M
Total Current Assets60.6M148.0M1.8B946.6M503.0M637.8M
Property Plant Equipment178.8M213.5M249.6M273.2M314.1M235.7M
When determining whether DigitalOcean Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DigitalOcean Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digitalocean Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digitalocean Holdings Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DigitalOcean Holdings. If investors know DigitalOcean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DigitalOcean Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.65
Earnings Share
0.86
Revenue Per Share
8.348
Quarterly Revenue Growth
0.121
Return On Assets
0.0438
The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.