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 DirectionPositive 
Relationship StrengthStrong

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 Development52.7M56.5M54.2M56.9M
Total Revenue747.6M665.9M544.5M571.7M

Digital Turbine fundamental ratios Correlations

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0.910.930.870.720.810.95-0.140.840.890.720.890.880.410.82-0.510.870.76-0.240.82-0.160.9-0.250.960.890.45
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0.950.870.850.730.780.89-0.150.780.980.660.870.90.370.82-0.490.870.8-0.330.84-0.110.96-0.180.890.860.41
0.880.720.870.730.950.57-0.190.760.680.930.910.910.450.94-0.540.920.95-0.410.94-0.690.87-0.090.590.920.49
0.940.810.960.780.950.69-0.170.830.740.980.980.960.430.99-0.570.970.98-0.40.98-0.640.93-0.170.710.990.46
0.870.950.850.890.570.69-0.150.720.920.570.810.810.410.71-0.470.790.65-0.230.720.030.86-0.231.00.80.45
-0.19-0.14-0.16-0.15-0.19-0.17-0.15-0.07-0.14-0.2-0.21-0.250.08-0.190.02-0.24-0.180.31-0.240.04-0.19-0.13-0.14-0.190.07
0.840.840.880.780.760.830.72-0.070.710.80.830.830.450.86-0.60.80.85-0.090.78-0.390.83-0.440.730.870.49
0.920.890.830.980.680.740.92-0.140.710.610.850.870.40.76-0.440.850.73-0.350.8-0.040.93-0.130.920.820.44
0.860.720.910.660.930.980.57-0.20.80.610.930.910.370.97-0.540.930.97-0.390.95-0.740.84-0.170.590.940.4
0.980.890.980.870.910.980.81-0.210.830.850.930.990.410.98-0.551.00.95-0.430.99-0.480.97-0.140.821.00.44
0.990.880.960.90.910.960.81-0.250.830.870.910.990.350.97-0.510.990.95-0.440.98-0.440.98-0.160.810.980.39
0.410.410.470.370.450.430.410.080.450.40.370.410.350.39-0.830.370.430.320.33-0.370.42-0.370.460.440.99
0.950.820.960.820.940.990.71-0.190.860.760.970.980.970.39-0.560.970.99-0.380.98-0.610.94-0.220.720.980.44
-0.54-0.51-0.61-0.49-0.54-0.57-0.470.02-0.6-0.44-0.54-0.55-0.51-0.83-0.56-0.52-0.6-0.32-0.480.42-0.560.46-0.52-0.59-0.8
0.980.870.960.870.920.970.79-0.240.80.850.931.00.990.370.97-0.520.95-0.480.99-0.470.97-0.080.80.990.4
0.930.760.930.80.950.980.65-0.180.850.730.970.950.950.430.99-0.60.95-0.350.96-0.650.92-0.230.660.960.47
-0.41-0.24-0.29-0.33-0.41-0.4-0.230.31-0.09-0.35-0.39-0.43-0.440.32-0.38-0.32-0.48-0.35-0.530.08-0.41-0.74-0.21-0.370.34
0.960.820.940.840.940.980.72-0.240.780.80.950.990.980.330.98-0.480.990.96-0.53-0.530.95-0.050.730.980.37
-0.36-0.16-0.46-0.11-0.69-0.640.030.04-0.39-0.04-0.74-0.48-0.44-0.37-0.610.42-0.47-0.650.08-0.53-0.340.190.01-0.52-0.4
1.00.90.950.960.870.930.86-0.190.830.930.840.970.980.420.94-0.560.970.92-0.410.95-0.34-0.140.870.960.45
-0.16-0.25-0.27-0.18-0.09-0.17-0.23-0.13-0.44-0.13-0.17-0.14-0.16-0.37-0.220.46-0.08-0.23-0.74-0.050.19-0.14-0.22-0.2-0.45
0.870.960.860.890.590.711.0-0.140.730.920.590.820.810.460.72-0.520.80.66-0.210.730.010.87-0.220.810.48
0.970.890.990.860.920.990.8-0.190.870.820.941.00.980.440.98-0.590.990.96-0.370.98-0.520.96-0.20.810.48
0.440.450.510.410.490.460.450.070.490.440.40.440.390.990.44-0.80.40.470.340.37-0.40.45-0.450.480.48
Click cells to compare fundamentals

Digital Turbine Account Relationship Matchups

Digital Turbine fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets184.0M260.4M1.5B1.3B865.5M908.8M
Other Current Liab2.6M61.6M204.9M101.6M62.5M65.6M
Total Current Liabilities82.8M111.1M385.3M220.9M236.0M247.8M
Total Stockholder Equity77.5M145.1M514.6M605.2M213.9M224.6M
Other Liab1K4.1M20.0M22.0M25.3M26.6M
Accounts Payable31.6M35.0M167.9M119.3M159.2M167.2M
Cash21.5M30.8M126.8M75.1M33.6M18.4M
Other Assets596K40K13.0M732K841.8K799.7K
Long Term Debt8.0M18.5M520.8M410.5M383.5M402.7M
Good Will69.3M80.2M559.8M561.6M220.1M116.1M
Other Current Assets3.7M4.6M21.0M12.3M25.4M26.7M
Total Liab106.6M115.3M942.3M659.3M651.6M684.2M
Property Plant Equipment8.2M13.1M46.5M39.3M45.2M47.5M
Property Plant And Equipment Net12.4M16.5M46.5M49.4M54.9M57.7M
Net Debt(1.8M)(16.2M)406.5M335.5M349.9M367.4M
Retained Earnings(282.2M)(227.3M)(191.8M)(175.1M)(595.3M)(565.6M)
Non Current Assets Total125.6M163.0M1.0B1.0B623.2M654.4M
Non Currrent Assets Other(125.6M)(150.0M)732K9.9M17.1M17.9M
Cash And Short Term Investments21.5M30.8M126.8M75.1M33.6M20.4M
Net Receivables33.1M62.0M263.1M178.2M191.0M200.6M
Common Stock Shares Outstanding89.6M96.2M102.6M101.8M101.0M106.0M
Liabilities And Stockholders Equity184.0M260.4M1.5B1.3B865.5M908.8M
Other Stockholder Equity360.2M373.2M745.6M822.1M858.1M901.0M
Property Plant And Equipment Gross12.4M16.5M46.5M49.4M110.2M115.7M
Total Current Assets58.4M97.4M410.9M266.1M242.3M254.5M
Accumulated Other Comprehensive Income(591K)(903K)(39.3M)(41.9M)(49.0M)(46.5M)
Non Current Liabilities Total23.7M4.1M557.0M438.4M415.6M436.4M
Inventory125K340K394K500K(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 Surpluse360.2M373.3M745.7M822.2M945.5M992.8M

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When running Digital Turbine's price analysis, check to measure Digital Turbine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Digital Turbine is operating at the current time. Most of Digital Turbine's value examination focuses on studying past and present price action to predict the probability of Digital Turbine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Turbine's price. Additionally, you may evaluate how the addition of Digital Turbine to your portfolios can decrease your overall portfolio volatility.