Tilray Accounts Payable vs Capital Stock Analysis

TLRY Stock  USD 1.20  0.01  0.84%   
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 Accounts Payable and its Capital Stock 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 metropolitan statistical area.

Accounts Payable vs Capital Stock

Accounts Payable vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tilray Inc Accounts Payable account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tilray's Accounts Payable and Capital Stock is 0.68. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Capital Stock 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 Accounts Payable and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Tilray Inc are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Accounts Payable i.e., Tilray's Accounts Payable and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Tilray obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Tilray Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
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 metropolitan statistical area.
Selling General Administrative is likely to rise to about 180.1 M in 2024, despite the fact that Tax Provision is likely to grow to (25.3 M).
 2021 2022 2023 2024 (projected)
Cost Of Revenue511.6M480.2M565.6M593.9M
Research Development1.5M682K635K826.6K

Tilray fundamental ratios Correlations

0.890.961.00.83-0.710.810.850.950.820.230.880.920.940.91-0.110.930.760.970.620.950.960.980.950.770.96
0.890.870.870.93-0.570.660.680.760.620.180.70.810.920.76-0.320.80.490.920.40.790.940.920.890.80.92
0.960.870.950.88-0.80.720.830.930.850.450.860.930.920.88-0.160.870.750.930.530.930.920.940.930.760.91
1.00.870.950.81-0.730.780.820.950.840.230.890.930.920.89-0.130.930.760.970.660.950.950.980.930.750.94
0.830.930.880.81-0.570.550.660.680.580.440.570.790.880.72-0.410.70.360.870.230.70.90.890.860.910.83
-0.71-0.57-0.8-0.73-0.57-0.29-0.45-0.79-0.96-0.52-0.77-0.91-0.53-0.560.32-0.57-0.68-0.63-0.76-0.76-0.58-0.66-0.55-0.3-0.54
0.810.660.720.780.55-0.290.950.810.47-0.020.730.540.870.930.360.910.760.80.330.790.790.760.880.660.89
0.850.680.830.820.66-0.450.950.850.590.30.750.630.910.970.310.920.780.840.290.810.830.810.910.730.88
0.950.760.930.950.68-0.790.810.850.90.250.940.90.860.90.020.920.90.890.720.960.860.890.890.590.89
0.820.620.850.840.58-0.960.470.590.90.420.840.940.630.68-0.190.710.780.730.830.840.680.760.660.380.66
0.230.180.450.230.44-0.52-0.020.30.250.420.140.370.230.26-0.140.150.160.23-0.060.190.210.240.220.330.11
0.880.70.860.890.57-0.770.730.750.940.840.140.850.770.840.050.870.930.80.740.980.770.80.790.440.82
0.920.810.930.930.79-0.910.540.630.90.940.370.850.780.73-0.370.760.680.860.760.90.850.90.80.610.8
0.940.920.920.920.88-0.530.870.910.860.630.230.770.780.94-0.030.940.670.970.360.870.980.950.980.870.98
0.910.760.880.890.72-0.560.930.970.90.680.260.840.730.940.210.970.830.910.410.890.890.890.930.730.92
-0.11-0.32-0.16-0.13-0.410.320.360.310.02-0.19-0.140.05-0.37-0.030.210.190.36-0.14-0.22-0.02-0.18-0.21-0.04-0.23-0.03
0.930.80.870.930.7-0.570.910.920.920.710.150.870.760.940.970.190.830.940.520.910.910.910.910.690.94
0.760.490.750.760.36-0.680.760.780.90.780.160.930.680.670.830.360.830.660.650.880.610.640.690.280.71
0.970.920.930.970.87-0.630.80.840.890.730.230.80.860.970.91-0.140.940.660.520.890.991.00.940.840.95
0.620.40.530.660.23-0.760.330.290.720.83-0.060.740.760.360.41-0.220.520.650.520.690.470.550.40.060.47
0.950.790.930.950.7-0.760.790.810.960.840.190.980.90.870.89-0.020.910.880.890.690.870.890.890.60.9
0.960.940.920.950.9-0.580.790.830.860.680.210.770.850.980.89-0.180.910.610.990.470.870.990.960.880.96
0.980.920.940.980.89-0.660.760.810.890.760.240.80.90.950.89-0.210.910.641.00.550.890.990.940.840.94
0.950.890.930.930.86-0.550.880.910.890.660.220.790.80.980.93-0.040.910.690.940.40.890.960.940.860.99
0.770.80.760.750.91-0.30.660.730.590.380.330.440.610.870.73-0.230.690.280.840.060.60.880.840.860.8
0.960.920.910.940.83-0.540.890.880.890.660.110.820.80.980.92-0.030.940.710.950.470.90.960.940.990.8
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Tilray Account Relationship Matchups

Tilray fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B6.0B5.4B4.3B4.2B4.4B
Other Current Liab4.6M279.2M112.9M123.0M150.7M82.9M
Total Current Liabilities122.8M401.2M280.3M433.0M299.2M314.1M
Total Stockholder Equity1.3B4.5B4.4B3.3B3.4B3.6B
Net Debt(58.1M)450.2M207.9M383.5M159.0M85.9M
Retained Earnings(44.1M)(486.1M)(962.9M)(2.4B)(2.7B)(2.5B)
Cash358.5M488.5M415.9M206.6M228.3M189.1M
Cash And Short Term Investments358.5M488.5M415.9M448.5M260.5M222.0M
Net Receivables50.8M89.8M95.3M86.2M101.7M106.8M
Common Stock Shares Outstanding100.5M269.5M481.2M618.0M742.6M779.8M
Short Term Investments34.9M14.9M0.0241.9M32.2M39.0M
Liabilities And Stockholders Equity1.8B6.0B5.4B4.3B4.2B4.4B
Other Current Assets51.4M48.9M46.8M37.7M63.4M66.6M
Other Stockholder Equity20.2M4.8B5.4B5.8B6.1B6.5B
Total Liab475.9M1.6B1.0B977.3M778.5M462.5M
Total Current Assets651.2M883.6M803.5M773.0M677.7M396.4M
Common Stock1.3B46K53K66K83K78.9K
Property Plant And Equipment Net423.3M669.0M600.5M435.6M574.3M337.6M
Accounts Payable110.1M57.7M68.6M70.8M105.4M110.7M
Non Current Assets Total1.2B5.1B4.6B3.5B3.7B2.0B
Non Currrent Assets Other0.08.3M111.5M222K151.0M158.6M
Inventory190.6M256.4M245.5M200.6M252.1M264.7M
Intangible Assets261.7M1.6B1.3B973.8M915.5M550.5M
Good Will445.5M2.8B2.6B2.0B2.0B1.3B
Accumulated Other Comprehensive Income(914.9K)152.7M(20.8M)(46.6M)(43.5M)(41.3M)
Short Long Term Debt Total300.3M938.7M623.8M590.1M387.3M446.9M
Current Deferred Revenue17.5M650.3K155.1M119.9M4.1M3.9M
Non Current Liabilities Total353.1M1.2B728.0M544.3M592.9M535.8M
Short Term Debt7.4M49.6M92.6M224.3M39.0M57.9M

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