Decibel Cannabis Co (TSXV:DB) Cash And Cash Equivalents : C$2.40 Mil (As of Jun. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Decibel Cannabis Co Cash And Cash Equivalents?

Decibel Cannabis Co's quarterly cash and cash equivalents declined from Sep. 2023 (C$3.39 Mil) to Mar. 2024 (C$2.64 Mil) but then stayed the same from Mar. 2024 (C$2.64 Mil) to Jun. 2024 (C$2.40 Mil).

Decibel Cannabis Co's annual cash and cash equivalents declined from Dec. 2020 (C$3.82 Mil) to Dec. 2021 (C$1.92 Mil) but then increased from Dec. 2021 (C$1.92 Mil) to Dec. 2022 (C$2.97 Mil).

Decibel Cannabis Co Cash And Cash Equivalents Historical Data

The historical data trend for Decibel Cannabis Co's Cash And Cash Equivalents 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.

* Premium members only.

Decibel Cannabis Co Cash And Cash Equivalents Chart

Decibel Cannabis Co Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.43

11.65

3.82

1.92

2.97

Decibel Cannabis Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.87	3.37	3.39	2.64	2.40

Decibel Cannabis Co Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Decibel Cannabis Co (TSXV:DB) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Decibel Cannabis Co Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Decibel Cannabis Co's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Decibel Cannabis Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » Cash And Cash Equivalents

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