Tilray Net Debt vs Total Assets Analysis
TLRY Stock | CAD 1.71 0.02 1.16% |
Tilray financial indicator trend analysis is much more than just breaking down Tilray Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tilray Inc is a good investment. Please check the relationship between Tilray Net Debt and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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.
Net Debt vs Total Assets
Net Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tilray Inc Net Debt account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Tilray's Net Debt and Total Assets is 0.82. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Tilray Inc, assuming nothing else is changed. The correlation between historical values of Tilray's Net Debt and Total 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 Net Debt of Tilray Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Tilray's Net Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Total Assets
Total assets refers to the total amount of Tilray assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Tilray Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Tilray's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tilray Inc 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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. As of the 16th of December 2024, Selling General Administrative is likely to grow to about 180.1 M, though Tax Provision is likely to grow to (25.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Research Development | 1.5M | 682K | 635K | 826.6K | Total Revenue | 628.4M | 627.1M | 788.9M | 828.4M |
Tilray fundamental ratios Correlations
Click cells to compare fundamentals
Tilray Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tilray fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 6.0B | 5.4B | 4.3B | 4.3B | 4.6B | |
Other Current Liab | 9.2M | 279.2M | 112.9M | 123.0M | 150.7M | 158.3M | |
Total Current Liabilities | 122.8M | 401.2M | 280.3M | 433.0M | 299.2M | 314.1M | |
Total Stockholder Equity | 1.3B | 4.5B | 4.4B | 3.3B | 3.4B | 3.6B | |
Net Debt | (58.1M) | 450.2M | 207.9M | 383.5M | 159.0M | 85.9M | |
Retained Earnings | (44.1M) | (486.1M) | (962.9M) | (2.4B) | (2.7B) | (2.5B) | |
Cash | 358.5M | 488.5M | 415.9M | 206.6M | 228.3M | 189.1M | |
Cash And Short Term Investments | 358.5M | 488.5M | 415.9M | 448.5M | 260.5M | 222.0M | |
Net Receivables | 50.8M | 89.8M | 95.3M | 86.2M | 101.7M | 106.8M | |
Common Stock Shares Outstanding | 216.2M | 269.5M | 481.2M | 618.0M | 742.6M | 779.8M | |
Short Term Investments | 34.9M | 14.9M | 0.0 | 241.9M | 32.2M | 42.8M | |
Liabilities And Stockholders Equity | 1.8B | 6.0B | 5.4B | 4.3B | 4.3B | 4.6B | |
Inventory | 190.6M | 256.4M | 245.5M | 200.6M | 252.1M | 264.7M | |
Other Current Assets | 51.4M | 48.9M | 46.8M | 37.7M | 63.4M | 66.6M | |
Other Stockholder Equity | 20.2M | 4.8B | 5.4B | 5.8B | 6.1B | 6.5B | |
Total Liab | 475.9M | 1.6B | 1.0B | 977.3M | 778.5M | 462.5M | |
Total Current Assets | 651.2M | 883.6M | 803.5M | 773.0M | 677.7M | 396.4M | |
Short Long Term Debt Total | 451.8M | 938.7M | 623.8M | 590.1M | 387.3M | 424.7M | |
Property Plant And Equipment Net | 423.3M | 669.0M | 600.5M | 435.6M | 574.3M | 309.4M | |
Non Current Assets Total | 1.2B | 5.1B | 4.6B | 3.5B | 3.7B | 1.9B | |
Other Assets | 15.3M | 7.9M | 8.3M | 111.5M | 128.2M | 134.7M | |
Short Term Debt | 7.4M | 49.6M | 92.6M | 224.3M | 39.0M | 51.5M | |
Common Stock | 1.3B | 46K | 53K | 66K | 83K | 78.9K | |
Accounts Payable | 110.1M | 57.7M | 68.6M | 70.8M | 105.4M | 110.7M | |
Non Currrent Assets Other | 0.0 | 8.3M | 111.5M | 222K | 151.0M | 158.6M | |
Accumulated Other Comprehensive Income | (914.9K) | 152.7M | (20.8M) | (46.6M) | (43.5M) | (41.3M) | |
Intangible Assets | 261.7M | 1.6B | 1.3B | 973.8M | 915.5M | 550.5M | |
Good Will | 445.5M | 2.8B | 2.6B | 2.0B | 2.0B | 1.3B | |
Net Tangible Assets | 475.6M | 537.3M | 20.4M | 479.6M | 431.7M | 293.1M | |
Current Deferred Revenue | 17.5M | 650.3K | 155.1M | 119.9M | 136.6M | 143.4M | |
Non Current Liabilities Total | 353.1M | 1.2B | 728.0M | 544.3M | 592.9M | 535.8M | |
Property Plant Equipment | 372.8M | 426.1M | 669.0M | 600.5M | 690.6M | 448.1M | |
Other Liab | 64.8M | 48.4M | 269.8M | 196.8M | 226.4M | 142.6M | |
Long Term Debt | 430.2M | 306.3M | 519.8M | 357.9M | 287.9M | 369.4M | |
Net Invested Capital | 2.2B | 5.3B | 5.0B | 3.9B | 3.8B | 3.7B | |
Long Term Investments | 27.0M | 25.8M | 15.0M | 12.4M | 7.9M | 7.5M | |
Short Long Term Debt | 9.0M | 45.3M | 85.9M | 221.8M | 33.9M | 63.7M | |
Net Working Capital | 732.9M | 482.4M | 523.2M | 340.1M | 378.5M | 371.4M |
Pair Trading with Tilray
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tilray position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tilray will appreciate offsetting losses from the drop in the long position's value.Moving together with Tilray Stock
Moving against Tilray Stock
The ability to find closely correlated positions to Tilray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tilray when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tilray - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tilray Inc to buy it.
The correlation of Tilray is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tilray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tilray Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tilray can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.