Digital Long Term Debt vs Total Current Assets Analysis

APPS Stock

USD 1.46 0.01 0.69%

Digital Turbine financial indicator trend analysis is much more than just examining Digital Turbine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Turbine is a good investment. Please check the relationship between Digital Turbine Long Term Debt and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.

Long Term Debt vs Total Current Assets

Long Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Turbine Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Digital Turbine's Long Term Debt and Total Current Assets is 0.87. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Digital Turbine, assuming nothing else is changed. The correlation between historical values of Digital Turbine's Long Term Debt and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Digital Turbine are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Debt i.e., Digital Turbine's Long Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Long Term Debt

Long-term debt is a debt that Digital Turbine has held for over one year. Long-term debt appears on Digital Turbine balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Digital Turbine balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Digital Turbine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Turbine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.At this time, Digital Turbine's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 16.1 M in 2024, whereas Discontinued Operations is likely to drop (359.1 K) in 2024.

	2021	2022	2023	2024 (projected)
Research Development	52.7M	56.5M	54.2M	56.9M
Total Revenue	747.6M	665.9M	544.5M	571.7M

Research Development Total Revenue

Digital Turbine fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.91	0.97	0.95	0.88	0.94	0.87	-0.19	0.84	0.92	0.86	0.98	0.99	0.41	0.95	-0.54	0.98	0.93	-0.41	0.96	-0.36	1.0	-0.16	0.87	0.97	0.44
Other Current Liab	0.91		0.93	0.87	0.72	0.81	0.95	-0.14	0.84	0.89	0.72	0.89	0.88	0.41	0.82	-0.51	0.87	0.76	-0.24	0.82	-0.16	0.9	-0.25	0.96	0.89	0.45
Total Current Liabilities	0.97	0.93		0.85	0.87	0.96	0.85	-0.16	0.88	0.83	0.91	0.98	0.96	0.47	0.96	-0.61	0.96	0.93	-0.29	0.94	-0.46	0.95	-0.27	0.86	0.99	0.51
Total Stockholder Equity	0.95	0.87	0.85		0.73	0.78	0.89	-0.15	0.78	0.98	0.66	0.87	0.9	0.37	0.82	-0.49	0.87	0.8	-0.33	0.84	-0.11	0.96	-0.18	0.89	0.86	0.41
Other Liab	0.88	0.72	0.87	0.73		0.95	0.57	-0.19	0.76	0.68	0.93	0.91	0.91	0.45	0.94	-0.54	0.92	0.95	-0.41	0.94	-0.69	0.87	-0.09	0.59	0.92	0.49
Accounts Payable	0.94	0.81	0.96	0.78	0.95		0.69	-0.17	0.83	0.74	0.98	0.98	0.96	0.43	0.99	-0.57	0.97	0.98	-0.4	0.98	-0.64	0.93	-0.17	0.71	0.99	0.46
Cash	0.87	0.95	0.85	0.89	0.57	0.69		-0.15	0.72	0.92	0.57	0.81	0.81	0.41	0.71	-0.47	0.79	0.65	-0.23	0.72	0.03	0.86	-0.23	1.0	0.8	0.45
Other Assets	-0.19	-0.14	-0.16	-0.15	-0.19	-0.17	-0.15		-0.07	-0.14	-0.2	-0.21	-0.25	0.08	-0.19	0.02	-0.24	-0.18	0.31	-0.24	0.04	-0.19	-0.13	-0.14	-0.19	0.07
Long Term Debt	0.84	0.84	0.88	0.78	0.76	0.83	0.72	-0.07		0.71	0.8	0.83	0.83	0.45	0.86	-0.6	0.8	0.85	-0.09	0.78	-0.39	0.83	-0.44	0.73	0.87	0.49
Good Will	0.92	0.89	0.83	0.98	0.68	0.74	0.92	-0.14	0.71		0.61	0.85	0.87	0.4	0.76	-0.44	0.85	0.73	-0.35	0.8	-0.04	0.93	-0.13	0.92	0.82	0.44
Other Current Assets	0.86	0.72	0.91	0.66	0.93	0.98	0.57	-0.2	0.8	0.61		0.93	0.91	0.37	0.97	-0.54	0.93	0.97	-0.39	0.95	-0.74	0.84	-0.17	0.59	0.94	0.4
Total Liab	0.98	0.89	0.98	0.87	0.91	0.98	0.81	-0.21	0.83	0.85	0.93		0.99	0.41	0.98	-0.55	1.0	0.95	-0.43	0.99	-0.48	0.97	-0.14	0.82	1.0	0.44
Intangible Assets	0.99	0.88	0.96	0.9	0.91	0.96	0.81	-0.25	0.83	0.87	0.91	0.99		0.35	0.97	-0.51	0.99	0.95	-0.44	0.98	-0.44	0.98	-0.16	0.81	0.98	0.39
Common Stock	0.41	0.41	0.47	0.37	0.45	0.43	0.41	0.08	0.45	0.4	0.37	0.41	0.35		0.39	-0.83	0.37	0.43	0.32	0.33	-0.37	0.42	-0.37	0.46	0.44	0.99
Property Plant Equipment	0.95	0.82	0.96	0.82	0.94	0.99	0.71	-0.19	0.86	0.76	0.97	0.98	0.97	0.39		-0.56	0.97	0.99	-0.38	0.98	-0.61	0.94	-0.22	0.72	0.98	0.44
Short Term Investments	-0.54	-0.51	-0.61	-0.49	-0.54	-0.57	-0.47	0.02	-0.6	-0.44	-0.54	-0.55	-0.51	-0.83	-0.56		-0.52	-0.6	-0.32	-0.48	0.42	-0.56	0.46	-0.52	-0.59	-0.8
Short Long Term Debt Total	0.98	0.87	0.96	0.87	0.92	0.97	0.79	-0.24	0.8	0.85	0.93	1.0	0.99	0.37	0.97	-0.52		0.95	-0.48	0.99	-0.47	0.97	-0.08	0.8	0.99	0.4
Property Plant And Equipment Net	0.93	0.76	0.93	0.8	0.95	0.98	0.65	-0.18	0.85	0.73	0.97	0.95	0.95	0.43	0.99	-0.6	0.95		-0.35	0.96	-0.65	0.92	-0.23	0.66	0.96	0.47
Current Deferred Revenue	-0.41	-0.24	-0.29	-0.33	-0.41	-0.4	-0.23	0.31	-0.09	-0.35	-0.39	-0.43	-0.44	0.32	-0.38	-0.32	-0.48	-0.35		-0.53	0.08	-0.41	-0.74	-0.21	-0.37	0.34
Net Debt	0.96	0.82	0.94	0.84	0.94	0.98	0.72	-0.24	0.78	0.8	0.95	0.99	0.98	0.33	0.98	-0.48	0.99	0.96	-0.53		-0.53	0.95	-0.05	0.73	0.98	0.37
Retained Earnings	-0.36	-0.16	-0.46	-0.11	-0.69	-0.64	0.03	0.04	-0.39	-0.04	-0.74	-0.48	-0.44	-0.37	-0.61	0.42	-0.47	-0.65	0.08	-0.53		-0.34	0.19	0.01	-0.52	-0.4
Non Current Assets Total	1.0	0.9	0.95	0.96	0.87	0.93	0.86	-0.19	0.83	0.93	0.84	0.97	0.98	0.42	0.94	-0.56	0.97	0.92	-0.41	0.95	-0.34		-0.14	0.87	0.96	0.45
Non Currrent Assets Other	-0.16	-0.25	-0.27	-0.18	-0.09	-0.17	-0.23	-0.13	-0.44	-0.13	-0.17	-0.14	-0.16	-0.37	-0.22	0.46	-0.08	-0.23	-0.74	-0.05	0.19	-0.14		-0.22	-0.2	-0.45
Cash And Short Term Investments	0.87	0.96	0.86	0.89	0.59	0.71	1.0	-0.14	0.73	0.92	0.59	0.82	0.81	0.46	0.72	-0.52	0.8	0.66	-0.21	0.73	0.01	0.87	-0.22		0.81	0.48
Net Receivables	0.97	0.89	0.99	0.86	0.92	0.99	0.8	-0.19	0.87	0.82	0.94	1.0	0.98	0.44	0.98	-0.59	0.99	0.96	-0.37	0.98	-0.52	0.96	-0.2	0.81		0.48
Common Stock Total Equity	0.44	0.45	0.51	0.41	0.49	0.46	0.45	0.07	0.49	0.44	0.4	0.44	0.39	0.99	0.44	-0.8	0.4	0.47	0.34	0.37	-0.4	0.45	-0.45	0.48	0.48

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Digital Turbine Account Relationship Matchups

Digital Turbine fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	184.0M	260.4M	1.5B	1.3B	865.5M	908.8M
Other Current Liab	2.6M	61.6M	204.9M	101.6M	62.5M	65.6M
Total Current Liabilities	82.8M	111.1M	385.3M	220.9M	236.0M	247.8M
Total Stockholder Equity	77.5M	145.1M	514.6M	605.2M	213.9M	224.6M
Other Liab	1K	4.1M	20.0M	22.0M	25.3M	26.6M
Accounts Payable	31.6M	35.0M	167.9M	119.3M	159.2M	167.2M
Cash	21.5M	30.8M	126.8M	75.1M	33.6M	18.4M
Other Assets	596K	40K	13.0M	732K	841.8K	799.7K
Long Term Debt	8.0M	18.5M	520.8M	410.5M	383.5M	402.7M
Good Will	69.3M	80.2M	559.8M	561.6M	220.1M	116.1M
Other Current Assets	3.7M	4.6M	21.0M	12.3M	25.4M	26.7M
Total Liab	106.6M	115.3M	942.3M	659.3M	651.6M	684.2M
Property Plant Equipment	8.2M	13.1M	46.5M	39.3M	45.2M	47.5M
Property Plant And Equipment Net	12.4M	16.5M	46.5M	49.4M	54.9M	57.7M
Net Debt	(1.8M)	(16.2M)	406.5M	335.5M	349.9M	367.4M
Retained Earnings	(282.2M)	(227.3M)	(191.8M)	(175.1M)	(595.3M)	(565.6M)
Non Current Assets Total	125.6M	163.0M	1.0B	1.0B	623.2M	654.4M
Non Currrent Assets Other	(125.6M)	(150.0M)	732K	9.9M	17.1M	17.9M
Cash And Short Term Investments	21.5M	30.8M	126.8M	75.1M	33.6M	20.4M
Net Receivables	33.1M	62.0M	263.1M	178.2M	191.0M	200.6M
Common Stock Shares Outstanding	89.6M	96.2M	102.6M	101.8M	101.0M	106.0M
Liabilities And Stockholders Equity	184.0M	260.4M	1.5B	1.3B	865.5M	908.8M
Other Stockholder Equity	360.2M	373.2M	745.6M	822.1M	858.1M	901.0M
Property Plant And Equipment Gross	12.4M	16.5M	46.5M	49.4M	110.2M	115.7M
Total Current Assets	58.4M	97.4M	410.9M	266.1M	242.3M	254.5M
Accumulated Other Comprehensive Income	(591K)	(903K)	(39.3M)	(41.9M)	(49.0M)	(46.5M)
Non Current Liabilities Total	23.7M	4.1M	557.0M	438.4M	415.6M	436.4M
Inventory	125K	340K	394K	500K	(7.7M)	(7.3M)
Net Tangible Assets	(35.8M)	11.5M	(485.9M)	(336.1M)	(302.5M)	(287.4M)
Retained Earnings Total Equity	(282.2M)	(227.3M)	(191.8M)	(175.1M)	(157.6M)	(165.5M)
Capital Surpluse	360.2M	373.3M	745.7M	822.2M	945.5M	992.8M

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