Decibel Cash vs Cash And Short Term Investments 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 its Cash And Short Term Investments 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 vs Cash And Short Term Investments

Cash vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Decibel Cannabis Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Decibel Cannabis' Cash and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments 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 Cash And Short Term Investments 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 of Decibel Cannabis are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Decibel Cannabis' Cash and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash

Cash refers to the most liquid asset of Decibel Cannabis, which is listed under current asset account on Decibel Cannabis balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Decibel Cannabis customers. The amounts must be unrestricted with restricted cash listed in a different Decibel Cannabis account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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.

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 Depreciation	3.5M	2.5M
Interest Income	78.3K	69.6K

Reconciled Depreciation Interest Income

Decibel Cannabis fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Retained Earnings	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Other Current Assets	Net Tangible Assets	Net Invested Capital	Short Long Term Debt
Total Assets		-0.07	0.9	0.99	0.89	0.78	0.88	0.38	0.97	0.85	0.36	0.87	-0.4	-0.09	0.95	0.96	0.99	0.89	-0.68	0.92	0.92	0.76	0.74	0.89	0.95	0.66
Other Current Liab	-0.07		-0.4	0.03	-0.14	-0.43	-0.41	0.7	0.1	-0.45	0.69	-0.47	-0.27	0.13	-0.28	-0.26	-0.01	-0.43	0.38	-0.11	-0.22	-0.39	-0.25	-0.18	-0.05	-0.36
Total Current Liabilities	0.9	-0.4		0.84	0.86	0.88	0.98	-0.02	0.78	0.98	-0.04	0.99	-0.32	-0.17	0.97	0.98	0.87	0.95	-0.79	0.84	0.9	0.86	0.79	0.88	0.84	0.77
Total Stockholder Equity	0.99	0.03	0.84		0.87	0.73	0.8	0.48	0.99	0.77	0.46	0.79	-0.4	-0.06	0.9	0.91	0.99	0.84	-0.61	0.9	0.89	0.74	0.75	0.88	0.96	0.66
Property Plant And Equipment Net	0.89	-0.14	0.86	0.87		0.94	0.82	0.07	0.87	0.79	0.05	0.82	-0.33	0.08	0.95	0.84	0.9	0.91	-0.81	0.98	0.98	0.74	0.72	0.93	0.92	0.64
Net Debt	0.78	-0.43	0.88	0.73	0.94		0.85	-0.24	0.71	0.84	-0.26	0.86	-0.3	-0.07	0.93	0.8	0.77	0.93	-0.84	0.9	0.95	0.79	0.73	0.9	0.82	0.71
Accounts Payable	0.88	-0.41	0.98	0.8	0.82	0.85		-0.02	0.75	1.0	-0.04	0.99	-0.3	-0.17	0.95	0.97	0.85	0.94	-0.79	0.83	0.86	0.76	0.68	0.82	0.79	0.66
Cash	0.38	0.7	-0.02	0.48	0.07	-0.24	-0.02		0.52	-0.07	1.0	-0.07	-0.23	0.04	0.07	0.19	0.4	-0.04	0.22	0.18	0.07	-0.06	0.05	0.11	0.32	-0.06
Non Current Assets Total	0.97	0.1	0.78	0.99	0.87	0.71	0.75	0.52		0.71	0.49	0.73	-0.43	-0.03	0.88	0.86	0.98	0.81	-0.59	0.92	0.89	0.66	0.67	0.86	0.95	0.57
Non Currrent Assets Other	0.85	-0.45	0.98	0.77	0.79	0.84	1.0	-0.07	0.71		-0.09	0.99	-0.28	-0.2	0.94	0.96	0.81	0.92	-0.77	0.8	0.84	0.77	0.68	0.8	0.76	0.67
Cash And Short Term Investments	0.36	0.69	-0.04	0.46	0.05	-0.26	-0.04	1.0	0.49	-0.09		-0.08	-0.17	0.08	0.05	0.17	0.38	-0.06	0.24	0.16	0.05	-0.08	0.03	0.08	0.3	-0.08
Net Receivables	0.87	-0.47	0.99	0.79	0.82	0.86	0.99	-0.07	0.73	0.99	-0.08		-0.26	-0.15	0.95	0.97	0.83	0.94	-0.79	0.8	0.86	0.83	0.75	0.83	0.79	0.74
Short Term Investments	-0.4	-0.27	-0.32	-0.4	-0.33	-0.3	-0.3	-0.23	-0.43	-0.28	-0.17	-0.26		0.58	-0.36	-0.33	-0.39	-0.34	0.22	-0.39	-0.38	-0.28	-0.27	-0.37	-0.41	-0.25
Other Stockholder Equity	-0.09	0.13	-0.17	-0.06	0.08	-0.07	-0.17	0.04	-0.03	-0.2	0.08	-0.15	0.58		-0.11	-0.15	0.0	-0.09	-0.19	-0.02	-0.07	-0.16	-0.11	-0.12	-0.09	-0.18
Total Liab	0.95	-0.28	0.97	0.9	0.95	0.93	0.95	0.07	0.88	0.94	0.05	0.95	-0.36	-0.11		0.96	0.93	0.97	-0.8	0.95	0.97	0.8	0.75	0.93	0.92	0.7
Total Current Assets	0.96	-0.26	0.98	0.91	0.84	0.8	0.97	0.19	0.86	0.96	0.17	0.97	-0.33	-0.15	0.96		0.93	0.92	-0.73	0.85	0.89	0.81	0.76	0.86	0.88	0.72
Common Stock	0.99	-0.01	0.87	0.99	0.9	0.77	0.85	0.4	0.98	0.81	0.38	0.83	-0.39	0.0	0.93	0.93		0.88	-0.7	0.93	0.92	0.75	0.74	0.89	0.96	0.66
Common Stock Shares Outstanding	0.89	-0.43	0.95	0.84	0.91	0.93	0.94	-0.04	0.81	0.92	-0.06	0.94	-0.34	-0.09	0.97	0.92	0.88		-0.86	0.9	0.94	0.81	0.74	0.89	0.87	0.71
Retained Earnings	-0.68	0.38	-0.79	-0.61	-0.81	-0.84	-0.79	0.22	-0.59	-0.77	0.24	-0.79	0.22	-0.19	-0.8	-0.73	-0.7	-0.86		-0.74	-0.78	-0.65	-0.63	-0.75	-0.7	-0.59
Non Current Liabilities Total	0.92	-0.11	0.84	0.9	0.98	0.9	0.83	0.18	0.92	0.8	0.16	0.8	-0.39	-0.02	0.95	0.85	0.93	0.9	-0.74		0.98	0.66	0.63	0.91	0.93	0.55
Short Long Term Debt Total	0.92	-0.22	0.9	0.89	0.98	0.95	0.86	0.07	0.89	0.84	0.05	0.86	-0.38	-0.07	0.97	0.89	0.92	0.94	-0.78	0.98		0.8	0.76	0.96	0.94	0.7
Short Term Debt	0.76	-0.39	0.86	0.74	0.74	0.79	0.76	-0.06	0.66	0.77	-0.08	0.83	-0.28	-0.16	0.8	0.81	0.75	0.81	-0.65	0.66	0.8		0.97	0.83	0.78	0.98
Other Current Assets	0.74	-0.25	0.79	0.75	0.72	0.73	0.68	0.05	0.67	0.68	0.03	0.75	-0.27	-0.11	0.75	0.76	0.74	0.74	-0.63	0.63	0.76	0.97		0.86	0.81	0.99
Net Tangible Assets	0.89	-0.18	0.88	0.88	0.93	0.9	0.82	0.11	0.86	0.8	0.08	0.83	-0.37	-0.12	0.93	0.86	0.89	0.89	-0.75	0.91	0.96	0.83	0.86		0.97	0.8
Net Invested Capital	0.95	-0.05	0.84	0.96	0.92	0.82	0.79	0.32	0.95	0.76	0.3	0.79	-0.41	-0.09	0.92	0.88	0.96	0.87	-0.7	0.93	0.94	0.78	0.81	0.97		0.73
Short Long Term Debt	0.66	-0.36	0.77	0.66	0.64	0.71	0.66	-0.06	0.57	0.67	-0.08	0.74	-0.25	-0.18	0.7	0.72	0.66	0.71	-0.59	0.55	0.7	0.98	0.99	0.8	0.73

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Decibel Cannabis Account Relationship Matchups

Decibel Cannabis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	88.5M	88.7M	125.9M	140.9M	162.0M	170.1M
Total Current Liabilities	10.5M	14.3M	47.1M	53.9M	62.0M	65.1M
Total Stockholder Equity	39.9M	33.4M	50.7M	47.2M	54.3M	57.0M
Property Plant And Equipment Net	63.6M	63.2M	62.2M	62.6M	72.0M	75.6M
Net Debt	28.9M	39.4M	48.0M	45.4M	52.2M	54.9M
Accounts Payable	4.0M	11.2M	25.0M	44.3M	51.0M	53.5M
Cash	11.7M	3.8M	1.9M	3.0M	3.4M	2.4M
Non Current Assets Total	69M	68.9M	69.3M	71.1M	81.8M	85.9M
Non Currrent Assets Other	380K	933K	2.4M	3.9M	4.5M	4.8M
Cash And Short Term Investments	11.7M	3.8M	1.9M	3.0M	3.4M	2.6M
Net Receivables	707K	3.9M	12.9M	16.7M	19.2M	20.2M
Liabilities And Stockholders Equity	88.5M	88.7M	125.9M	140.9M	162.0M	170.1M
Other Stockholder Equity	8.2M	10.0M	6.3M	4.3M	4.9M	7.7M
Total Liab	48.7M	55.3M	75.2M	93.7M	107.7M	113.1M
Total Current Assets	19.5M	19.9M	56.6M	69.8M	80.2M	84.3M
Common Stock	42.1M	43.1M	53.4M	53.5M	61.6M	64.6M
Common Stock Shares Outstanding	65.9M	347.7M	374.8M	404.2M	464.8M	488.0M
Retained Earnings	(10.5M)	(19.7M)	(17.9M)	(22.4M)	(20.2M)	(19.2M)
Non Current Liabilities Total	38.1M	41.0M	28.1M	39.8M	45.8M	48.0M
Short Long Term Debt Total	40.5M	43.2M	49.9M	48.4M	55.7M	58.4M
Short Term Debt	2.4M	2.2M	22.2M	9.6M	11.0M	11.5M
Other Current Assets	1.3M	795K	4.7M	2.3M	2.7M	1.7M
Net Tangible Assets	34.2M	28.0M	45.4M	42.6M	49.0M	30.5M
Net Invested Capital	74.5M	70.6M	96.2M	90.9M	104.6M	70.1M
Short Long Term Debt	1.9M	68K	21.4M	8.7M	10.0M	5.9M
Net Working Capital	9.0M	5.6M	9.5M	15.9M	18.3M	12.4M
Property Plant Equipment	62.6M	62.3M	61.5M	62.5M	71.9M	48.3M
Long Term Debt	32.7M	37.1M	24.1M	35.0M	40.3M	29.2M
Capital Lease Obligations	6.0M	4.4M	4.4M	4.7M	5.4M	4.3M
Inventory	5.9M	11.4M	37.1M	47.8M	54.9M	57.7M
Capital Stock	42.1M	43.1M	53.4M	53.5M	61.6M	52.5M
Intangible Assets	474K	284K	390K	332K	298.8K	283.9K

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