Decibel Stock Based Compensation vs Net Income 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 Stock Based Compensation and its Net Income 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.

Stock Based Compensation vs Net Income

Stock Based Compensation vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Decibel Cannabis Stock Based Compensation account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Decibel Cannabis' Stock Based Compensation and Net Income is -0.47. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Net Income 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' Stock Based Compensation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Decibel Cannabis are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Stock Based Compensation i.e., Decibel Cannabis' Stock Based Compensation and Net Income go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Decibel Cannabis financial statement analysis. It represents the amount of money remaining after all of Decibel Cannabis operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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
Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

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.