Decibel Cash And Short Term Investments vs Other Stockholder Equity Analysis

DB Stock  CAD 0.07  0.01  6.67%   
Decibel Cannabis financial indicator trend analysis is much more than just examining Decibel Cannabis latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Decibel Cannabis is a good investment. Please check the relationship between Decibel Cannabis Cash And Short Term Investments and its Other Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decibel Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash And Short Term Investments vs Other Stockholder Equity

Cash And Short Term Investments vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Decibel Cannabis Cash And Short Term Investments account and Other Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Decibel Cannabis' Cash And Short Term Investments and Other Stockholder Equity is 0.08. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Decibel Cannabis, assuming nothing else is changed. The correlation between historical values of Decibel Cannabis' Cash And Short Term Investments and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Decibel Cannabis are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash And Short Term Investments i.e., Decibel Cannabis' Cash And Short Term Investments and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Decibel Cannabis balance sheet. This account contains Decibel Cannabis investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Decibel Cannabis fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Stockholder Equity

Most indicators from Decibel Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Decibel Cannabis 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 Decibel Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Decibel Cannabis' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.45 in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.
 2023 2024 (projected)
Reconciled Depreciation3.5M2.5M
Interest Income78.3K69.6K

Decibel Cannabis fundamental ratios Correlations

-0.070.90.990.890.780.880.380.970.850.360.87-0.4-0.090.950.960.990.89-0.680.920.920.760.740.890.950.66
-0.07-0.40.03-0.14-0.43-0.410.70.1-0.450.69-0.47-0.270.13-0.28-0.26-0.01-0.430.38-0.11-0.22-0.39-0.25-0.18-0.05-0.36
0.9-0.40.840.860.880.98-0.020.780.98-0.040.99-0.32-0.170.970.980.870.95-0.790.840.90.860.790.880.840.77
0.990.030.840.870.730.80.480.990.770.460.79-0.4-0.060.90.910.990.84-0.610.90.890.740.750.880.960.66
0.89-0.140.860.870.940.820.070.870.790.050.82-0.330.080.950.840.90.91-0.810.980.980.740.720.930.920.64
0.78-0.430.880.730.940.85-0.240.710.84-0.260.86-0.3-0.070.930.80.770.93-0.840.90.950.790.730.90.820.71
0.88-0.410.980.80.820.85-0.020.751.0-0.040.99-0.3-0.170.950.970.850.94-0.790.830.860.760.680.820.790.66
0.380.7-0.020.480.07-0.24-0.020.52-0.071.0-0.07-0.230.040.070.190.4-0.040.220.180.07-0.060.050.110.32-0.06
0.970.10.780.990.870.710.750.520.710.490.73-0.43-0.030.880.860.980.81-0.590.920.890.660.670.860.950.57
0.85-0.450.980.770.790.841.0-0.070.71-0.090.99-0.28-0.20.940.960.810.92-0.770.80.840.770.680.80.760.67
0.360.69-0.040.460.05-0.26-0.041.00.49-0.09-0.08-0.170.080.050.170.38-0.060.240.160.05-0.080.030.080.3-0.08
0.87-0.470.990.790.820.860.99-0.070.730.99-0.08-0.26-0.150.950.970.830.94-0.790.80.860.830.750.830.790.74
-0.4-0.27-0.32-0.4-0.33-0.3-0.3-0.23-0.43-0.28-0.17-0.260.58-0.36-0.33-0.39-0.340.22-0.39-0.38-0.28-0.27-0.37-0.41-0.25
-0.090.13-0.17-0.060.08-0.07-0.170.04-0.03-0.20.08-0.150.58-0.11-0.150.0-0.09-0.19-0.02-0.07-0.16-0.11-0.12-0.09-0.18
0.95-0.280.970.90.950.930.950.070.880.940.050.95-0.36-0.110.960.930.97-0.80.950.970.80.750.930.920.7
0.96-0.260.980.910.840.80.970.190.860.960.170.97-0.33-0.150.960.930.92-0.730.850.890.810.760.860.880.72
0.99-0.010.870.990.90.770.850.40.980.810.380.83-0.390.00.930.930.88-0.70.930.920.750.740.890.960.66
0.89-0.430.950.840.910.930.94-0.040.810.92-0.060.94-0.34-0.090.970.920.88-0.860.90.940.810.740.890.870.71
-0.680.38-0.79-0.61-0.81-0.84-0.790.22-0.59-0.770.24-0.790.22-0.19-0.8-0.73-0.7-0.86-0.74-0.78-0.65-0.63-0.75-0.7-0.59
0.92-0.110.840.90.980.90.830.180.920.80.160.8-0.39-0.020.950.850.930.9-0.740.980.660.630.910.930.55
0.92-0.220.90.890.980.950.860.070.890.840.050.86-0.38-0.070.970.890.920.94-0.780.980.80.760.960.940.7
0.76-0.390.860.740.740.790.76-0.060.660.77-0.080.83-0.28-0.160.80.810.750.81-0.650.660.80.970.830.780.98
0.74-0.250.790.750.720.730.680.050.670.680.030.75-0.27-0.110.750.760.740.74-0.630.630.760.970.860.810.99
0.89-0.180.880.880.930.90.820.110.860.80.080.83-0.37-0.120.930.860.890.89-0.750.910.960.830.860.970.8
0.95-0.050.840.960.920.820.790.320.950.760.30.79-0.41-0.090.920.880.960.87-0.70.930.940.780.810.970.73
0.66-0.360.770.660.640.710.66-0.060.570.67-0.080.74-0.25-0.180.70.720.660.71-0.590.550.70.980.990.80.73
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Decibel Cannabis Account Relationship Matchups

Decibel Cannabis fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets88.5M88.7M125.9M140.9M162.0M170.1M
Total Current Liabilities10.5M14.3M47.1M53.9M62.0M65.1M
Total Stockholder Equity39.9M33.4M50.7M47.2M54.3M57.0M
Property Plant And Equipment Net63.6M63.2M62.2M62.6M72.0M75.6M
Net Debt28.9M39.4M48.0M45.4M52.2M54.9M
Accounts Payable4.0M11.2M25.0M44.3M51.0M53.5M
Cash11.7M3.8M1.9M3.0M3.4M2.4M
Non Current Assets Total69M68.9M69.3M71.1M81.8M85.9M
Non Currrent Assets Other380K933K2.4M3.9M4.5M4.8M
Cash And Short Term Investments11.7M3.8M1.9M3.0M3.4M2.6M
Net Receivables707K3.9M12.9M16.7M19.2M20.2M
Liabilities And Stockholders Equity88.5M88.7M125.9M140.9M162.0M170.1M
Other Stockholder Equity8.2M10.0M6.3M4.3M4.9M7.7M
Total Liab48.7M55.3M75.2M93.7M107.7M113.1M
Total Current Assets19.5M19.9M56.6M69.8M80.2M84.3M
Common Stock42.1M43.1M53.4M53.5M61.6M64.6M
Common Stock Shares Outstanding65.9M347.7M374.8M404.2M464.8M488.0M
Retained Earnings(10.5M)(19.7M)(17.9M)(22.4M)(20.2M)(19.2M)
Non Current Liabilities Total38.1M41.0M28.1M39.8M45.8M48.0M
Short Long Term Debt Total40.5M43.2M49.9M48.4M55.7M58.4M
Short Term Debt2.4M2.2M22.2M9.6M11.0M11.5M
Other Current Assets1.3M795K4.7M2.3M2.7M1.7M
Net Tangible Assets34.2M28.0M45.4M42.6M49.0M30.5M
Net Invested Capital74.5M70.6M96.2M90.9M104.6M70.1M
Short Long Term Debt1.9M68K21.4M8.7M10.0M5.9M
Net Working Capital9.0M5.6M9.5M15.9M18.3M12.4M
Property Plant Equipment62.6M62.3M61.5M62.5M71.9M48.3M
Long Term Debt32.7M37.1M24.1M35.0M40.3M29.2M
Capital Lease Obligations6.0M4.4M4.4M4.7M5.4M4.3M
Inventory5.9M11.4M37.1M47.8M54.9M57.7M
Capital Stock42.1M43.1M53.4M53.5M61.6M52.5M
Intangible Assets474K284K390K332K298.8K283.9K

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Additional Tools for Decibel Stock Analysis

When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' 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 Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.