908 Inventory vs Capital Lease Obligations Analysis

MASS Stock  USD 2.56  0.18  6.57%   
908 Devices financial indicator trend analysis is way more than just evaluating 908 Devices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 908 Devices is a good investment. Please check the relationship between 908 Devices Inventory and its Capital Lease Obligations accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.

Inventory vs Capital Lease Obligations

Inventory vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 908 Devices Inventory account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between 908 Devices' Inventory and Capital Lease Obligations is -0.82. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of 908 Devices, assuming nothing else is changed. The correlation between historical values of 908 Devices' Inventory and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of 908 Devices are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Inventory i.e., 908 Devices' Inventory and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

-0.82
Relationship DirectionNegative 
Relationship StrengthSignificant

Inventory

Capital Lease Obligations

908 Devices capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to 908 Devices asset purchases. For example, 908 Devices can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as 908 Devices control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from 908 Devices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 908 Devices 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 908 Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.Selling General Administrative is likely to drop to about 28.5 M in 2024. Tax Provision is likely to gain to about (200.4 K) in 2024
 2021 2022 2023 2024 (projected)
Interest Expense486K129K201K191.0K
Depreciation And Amortization925K1.6M2.4M1.4M

908 Devices fundamental ratios Correlations

-0.320.920.921.00.920.97-0.840.81-0.99-0.820.990.990.540.040.90.861.00.830.970.9-0.9-0.840.820.920.92
-0.32-0.53-0.57-0.34-0.65-0.490.11-0.780.260.76-0.39-0.21-0.72-0.37-0.54-0.38-0.26-0.19-0.41-0.440.610.39-0.64-0.46-0.5
0.92-0.530.980.920.940.91-0.680.9-0.88-0.910.950.860.81-0.090.980.830.890.720.930.9-0.86-0.920.960.970.97
0.92-0.570.980.920.950.92-0.650.92-0.87-0.940.930.850.810.050.980.890.880.670.960.93-0.89-0.840.970.940.96
1.0-0.340.920.920.920.97-0.810.81-0.99-0.820.980.980.550.060.90.840.990.810.980.89-0.92-0.820.810.910.91
0.92-0.650.940.950.920.97-0.770.97-0.89-0.970.930.870.710.170.910.870.90.690.930.93-0.95-0.840.90.890.9
0.97-0.490.910.920.970.97-0.830.9-0.96-0.890.960.950.560.20.890.860.970.790.960.91-0.97-0.80.820.890.9
-0.840.11-0.68-0.65-0.81-0.77-0.83-0.650.880.65-0.81-0.89-0.21-0.01-0.58-0.77-0.87-0.68-0.74-0.80.720.76-0.53-0.67-0.64
0.81-0.780.90.920.810.970.9-0.65-0.77-1.00.830.740.770.230.870.840.770.590.840.89-0.9-0.780.910.840.86
-0.990.26-0.88-0.87-0.99-0.89-0.960.88-0.770.77-0.98-1.0-0.46-0.04-0.85-0.83-1.0-0.84-0.95-0.870.890.82-0.75-0.89-0.88
-0.820.76-0.91-0.94-0.82-0.97-0.890.65-1.00.77-0.84-0.74-0.8-0.19-0.9-0.87-0.78-0.58-0.86-0.910.890.8-0.94-0.86-0.88
0.99-0.390.950.930.980.930.96-0.810.83-0.98-0.840.970.61-0.010.920.810.980.850.960.87-0.9-0.890.840.950.95
0.99-0.210.860.850.980.870.95-0.890.74-1.0-0.740.970.420.030.830.821.00.840.940.86-0.87-0.810.720.870.86
0.54-0.720.810.810.550.710.56-0.210.77-0.46-0.80.610.42-0.220.80.580.470.240.650.66-0.6-0.730.90.710.74
0.04-0.37-0.090.050.060.170.2-0.010.23-0.04-0.19-0.010.03-0.220.030.180.060.20.090.07-0.250.370.0-0.010.02
0.9-0.540.980.980.90.910.89-0.580.87-0.85-0.90.920.830.80.030.830.860.730.940.87-0.85-0.820.970.970.98
0.86-0.380.830.890.840.870.86-0.770.84-0.83-0.870.810.820.580.180.830.850.580.880.98-0.76-0.710.850.80.81
1.0-0.260.890.880.990.90.97-0.870.77-1.0-0.780.981.00.470.060.860.850.830.960.88-0.89-0.810.760.890.88
0.83-0.190.720.670.810.690.79-0.680.59-0.84-0.580.850.840.240.20.730.580.830.730.6-0.68-0.610.570.840.82
0.97-0.410.930.960.980.930.96-0.740.84-0.95-0.860.960.940.650.090.940.880.960.730.91-0.92-0.80.870.90.92
0.9-0.440.90.930.890.930.91-0.80.89-0.87-0.910.870.860.660.070.870.980.880.60.91-0.82-0.820.90.850.86
-0.90.61-0.86-0.89-0.92-0.95-0.970.72-0.90.890.89-0.9-0.87-0.6-0.25-0.85-0.76-0.89-0.68-0.92-0.820.74-0.79-0.81-0.83
-0.840.39-0.92-0.84-0.82-0.84-0.80.76-0.780.820.8-0.89-0.81-0.730.37-0.82-0.71-0.81-0.61-0.8-0.820.74-0.82-0.86-0.84
0.82-0.640.960.970.810.90.82-0.530.91-0.75-0.940.840.720.90.00.970.850.760.570.870.9-0.79-0.820.910.93
0.92-0.460.970.940.910.890.89-0.670.84-0.89-0.860.950.870.71-0.010.970.80.890.840.90.85-0.81-0.860.911.0
0.92-0.50.970.960.910.90.9-0.640.86-0.88-0.880.950.860.740.020.980.810.880.820.920.86-0.83-0.840.931.0
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908 Devices Account Relationship Matchups

908 Devices fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets37.7M178.8M260.9M242.6M203.0M174.3M
Short Long Term Debt Total22.8M21.9M20.9M16.5M5.9M5.6M
Other Current Liab2.9M3.9M5.6M7.4M6.7M5.4M
Total Current Liabilities6.1M10.8M14.8M19.2M22.5M14.3M
Total Stockholder Equity(63.2M)139.0M214.6M190.6M165.5M109.3M
Other Liab1.3M8.8M12.0M14.7M16.9M17.8M
Net Tangible Assets(63.2M)139.0M214.6M172.1M197.9M207.8M
Property Plant And Equipment Net8.6M7.1M6.8M7.0M9.6M6.5M
Current Deferred Revenue1.5M3.1M5.2M7.5M10.6M11.2M
Net Debt4.9M(137.4M)(203.2M)(172.0M)(115.1M)(120.9M)
Retained Earnings(65.6M)(78.5M)(100.6M)(134.2M)(170.6M)(162.1M)
Accounts Payable577K1.0M1.4M1.4M1.2M1.1M
Cash17.9M159.2M224.1M188.4M121.0M131.6M
Non Current Assets Total9.1M7.9M8.0M27.0M29.2M16.8M
Non Currrent Assets Other511K723K1.2M(1.3M)1.4M1.5M
Other Assets511K723K1.2M1.4M1.6M962.9K
Cash And Short Term Investments17.9M159.2M224.1M188.4M145.7M136.1M
Net Receivables5.1M6.9M16.4M10.0M9.0M9.8M
Common Stock Shares Outstanding26.2M27.3M28.0M31.5M32.2M30.1M
Liabilities And Stockholders Equity37.7M178.8M260.9M242.6M203.0M174.3M
Non Current Liabilities Total94.8M29.0M31.5M32.8M14.9M14.2M
Capital Lease Obligations8.0M7.0M5.9M1.5M5.9M4.9M
Inventory5.2M4.6M7.9M12.5M14.9M8.9M
Other Current Assets351K647K4.5M4.7M4.2M2.7M
Other Stockholder Equity(2.9M)38.7M315.2M324.0M334.7M185.9M
Total Liab100.8M39.8M46.3M52.0M37.5M47.2M
Net Invested Capital(48.4M)153.9M229.6M15M165.5M87.1M
Property Plant And Equipment Gross8.6M7.1M6.8M7.0M15.5M10.1M
Total Current Assets28.6M171.0M252.9M215.6M173.8M157.5M
Accumulated Other Comprehensive Income(65.6M)(178.8M)0.0798K1.4M1.4M
Net Working Capital22.5M160.1M238.1M196.4M151.2M143.1M
Short Term Debt1.1M2.9M2.7M2.9M4.0M2.6M
Property Plant Equipment8.6M7.1M6.8M3.1M2.8M2.6M

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