Decibel Cannabis Co (TSXV:DB) Accounts Payable & Accrued Expense : C$45.8 Mil (As of Sep. 2023)

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What is Decibel Cannabis Co Accounts Payable & Accrued Expense?

Decibel Cannabis Co's quarterly accounts payable & accrued expense declined from Mar. 2023 (C$44.8 Mil) to Jun. 2023 (C$40.7 Mil) but then increased from Jun. 2023 (C$40.7 Mil) to Sep. 2023 (C$45.8 Mil).

Decibel Cannabis Co's annual accounts payable & accrued expense increased from Dec. 2020 (C$12.1 Mil) to Dec. 2021 (C$25.0 Mil) and increased from Dec. 2021 (C$25.0 Mil) to Dec. 2022 (C$44.3 Mil).

Decibel Cannabis Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Decibel Cannabis Co's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Decibel Cannabis Co Accounts Payable & Accrued Expense Chart

Decibel Cannabis Co Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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0.10

8.11

12.11

24.96

44.33

Decibel Cannabis Co Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															43.11	44.33	44.84	40.66	45.83

Decibel Cannabis Co Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Decibel Cannabis Co (TSXV:DB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

DBCCF:USA

Address

140 - 4th Avenue SW, Suite 1440, Calgary, AB, CAN, T2P 3N3

Website

https://www.decibelcc.com

Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.

Executives

Cody Church

Director