Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $529 | $620 | $854 | $836 | $815 |
| Liabilities | $157 | $147 | $352 | $295 | $234 |
| Equity | $372 | $473 | $502 | $540 | $581 |
Balance sheet data in USD (millions)
Doing some research...
Edwyn
Over the last 5 years, Digi International Inc. has shown significant growth in its financial position. Total assets have been steadily increasing, from $528.682 million in 2020 to $815.075 million in 2024, indicating strong business expansion and investment activities. This growth in assets could suggest that the company is expanding its operations, investing in new technologies, or acquiring other businesses to enhance its market position. Simultaneously, total liabilities have also increased, but at a slower pace compared to assets. This is a positive sign as it shows the company has been able to manage its debt levels efficiently while growing its asset base. Stockholders' equity has shown a consistent upward trend, indicating that the company's profitability and retained earnings have been increasing over the years. This could imply that Digi International Inc. has been generating healthy profits and reinvesting them back into the business. Overall, the company's financial position appears strong and stable, with a healthy balance between assets, liabilities, and equity. The increasing equity and asset levels suggest that Digi International Inc. is on a growth trajectory, possibly driven by strong performance in the technology industry or successful strategic initiatives. However, it will be important for the company to continue managing its liabilities effectively to sustain its growth and profitability in the long term.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.