Digital Net Debt vs Cash Analysis

APPS Stock

USD 1.89 0.05 2.58%

Digital Turbine financial indicator trend analysis is much more than just examining Digital Turbine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Turbine is a good investment. Please check the relationship between Digital Turbine Net Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Turbine Net Debt account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Digital Turbine's Net Debt and Cash is 0.72. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Digital Turbine, assuming nothing else is changed. The correlation between historical values of Digital Turbine's Net Debt and Cash 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 Digital Turbine are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Digital Turbine's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Cash

Cash refers to the most liquid asset of Digital Turbine, which is listed under current asset account on Digital Turbine balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Digital Turbine customers. The amounts must be unrestricted with restricted cash listed in a different Digital Turbine 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.

Most indicators from Digital Turbine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Turbine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.At this time, Digital Turbine's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 16.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (31.04) in 2024.

	2021	2022	2023	2024 (projected)
Research Development	52.7M	56.5M	54.2M	56.9M
Total Revenue	747.6M	665.9M	544.5M	571.7M

Research Development Total Revenue

Digital Turbine fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.94	0.97	0.95	0.88	0.94	0.87	-0.19	0.84	0.92	0.94	0.98	0.99	0.41	0.95	-0.07	0.98	0.93	-0.41	0.96	-0.36	1.0	-0.16	0.87	0.97	0.44
Other Current Liab	0.94		0.94	0.87	0.79	0.87	0.92	-0.21	0.74	0.89	0.89	0.94	0.93	0.37	0.86	-0.05	0.93	0.8	-0.41	0.89	-0.25	0.93	-0.09	0.92	0.93	0.4
Total Current Liabilities	0.97	0.94		0.85	0.87	0.96	0.85	-0.16	0.88	0.83	0.97	0.98	0.96	0.47	0.96	-0.11	0.96	0.93	-0.29	0.94	-0.46	0.95	-0.27	0.86	0.99	0.51
Total Stockholder Equity	0.95	0.87	0.85		0.73	0.78	0.89	-0.15	0.78	0.98	0.78	0.87	0.9	0.37	0.82	-0.05	0.87	0.8	-0.33	0.83	-0.11	0.96	-0.18	0.89	0.86	0.41
Other Liab	0.88	0.79	0.87	0.73		0.95	0.57	-0.19	0.76	0.68	0.92	0.91	0.91	0.45	0.94	-0.1	0.92	0.95	-0.41	0.94	-0.69	0.87	-0.09	0.59	0.92	0.49
Accounts Payable	0.94	0.87	0.96	0.78	0.95		0.69	-0.17	0.83	0.74	0.99	0.98	0.96	0.43	0.99	-0.11	0.98	0.98	-0.4	0.98	-0.64	0.93	-0.17	0.71	0.99	0.46
Cash	0.87	0.92	0.85	0.89	0.57	0.69		-0.15	0.72	0.92	0.72	0.81	0.81	0.41	0.71	-0.07	0.79	0.65	-0.23	0.72	0.03	0.86	-0.23	1.0	0.8	0.45
Other Assets	-0.19	-0.21	-0.16	-0.15	-0.19	-0.17	-0.15		-0.07	-0.14	-0.2	-0.21	-0.25	0.08	-0.19	-0.03	-0.24	-0.18	0.31	-0.24	0.04	-0.19	-0.13	-0.14	-0.19	0.07
Long Term Debt	0.84	0.74	0.88	0.78	0.76	0.83	0.72	-0.07		0.71	0.85	0.83	0.83	0.45	0.86	-0.08	0.8	0.85	-0.09	0.78	-0.39	0.83	-0.44	0.73	0.87	0.49
Good Will	0.92	0.89	0.83	0.98	0.68	0.74	0.92	-0.14	0.71		0.74	0.85	0.87	0.4	0.76	-0.04	0.84	0.73	-0.35	0.8	-0.04	0.93	-0.13	0.92	0.82	0.44
Other Current Assets	0.94	0.89	0.97	0.78	0.92	0.99	0.72	-0.2	0.85	0.74		0.98	0.96	0.4	0.99	-0.08	0.97	0.97	-0.37	0.97	-0.61	0.92	-0.2	0.74	0.99	0.44
Total Liab	0.98	0.94	0.98	0.87	0.91	0.98	0.81	-0.21	0.83	0.85	0.98		0.99	0.41	0.98	-0.09	1.0	0.95	-0.43	0.98	-0.48	0.97	-0.14	0.82	1.0	0.44
Intangible Assets	0.99	0.93	0.96	0.9	0.91	0.96	0.81	-0.25	0.83	0.87	0.96	0.99		0.35	0.97	-0.01	0.99	0.95	-0.44	0.98	-0.44	0.98	-0.16	0.81	0.98	0.39
Common Stock	0.41	0.37	0.47	0.37	0.45	0.43	0.41	0.08	0.45	0.4	0.4	0.41	0.35		0.39	-0.6	0.37	0.43	0.32	0.33	-0.37	0.42	-0.37	0.46	0.44	0.99
Property Plant Equipment	0.95	0.86	0.96	0.82	0.94	0.99	0.71	-0.19	0.86	0.76	0.99	0.98	0.97	0.39		-0.04	0.98	0.99	-0.38	0.98	-0.61	0.94	-0.22	0.72	0.98	0.44
Short Term Investments	-0.07	-0.05	-0.11	-0.05	-0.1	-0.11	-0.07	-0.03	-0.08	-0.04	-0.08	-0.09	-0.01	-0.6	-0.04		-0.07	-0.09	-0.11	-0.06	0.11	-0.1	-0.19	-0.14	-0.1	-0.48
Short Long Term Debt Total	0.98	0.93	0.96	0.87	0.92	0.98	0.79	-0.24	0.8	0.84	0.97	1.0	0.99	0.37	0.98	-0.07		0.95	-0.49	0.99	-0.48	0.97	-0.08	0.79	0.99	0.4
Property Plant And Equipment Net	0.93	0.8	0.93	0.8	0.95	0.98	0.65	-0.18	0.85	0.73	0.97	0.95	0.95	0.43	0.99	-0.09	0.95		-0.35	0.96	-0.65	0.92	-0.23	0.66	0.96	0.47
Current Deferred Revenue	-0.41	-0.41	-0.29	-0.33	-0.41	-0.4	-0.23	0.31	-0.09	-0.35	-0.37	-0.43	-0.44	0.32	-0.38	-0.11	-0.49	-0.35		-0.53	0.08	-0.41	-0.74	-0.21	-0.37	0.34
Net Debt	0.96	0.89	0.94	0.83	0.94	0.98	0.72	-0.24	0.78	0.8	0.97	0.98	0.98	0.33	0.98	-0.06	0.99	0.96	-0.53		-0.54	0.95	-0.05	0.73	0.97	0.37
Retained Earnings	-0.36	-0.25	-0.46	-0.11	-0.69	-0.64	0.03	0.04	-0.39	-0.04	-0.61	-0.48	-0.44	-0.37	-0.61	0.11	-0.48	-0.65	0.08	-0.54		-0.34	0.19	0.01	-0.52	-0.4
Non Current Assets Total	1.0	0.93	0.95	0.96	0.87	0.93	0.86	-0.19	0.83	0.93	0.92	0.97	0.98	0.42	0.94	-0.1	0.97	0.92	-0.41	0.95	-0.34		-0.14	0.87	0.96	0.45
Non Currrent Assets Other	-0.16	-0.09	-0.27	-0.18	-0.09	-0.17	-0.23	-0.13	-0.44	-0.13	-0.2	-0.14	-0.16	-0.37	-0.22	-0.19	-0.08	-0.23	-0.74	-0.05	0.19	-0.14		-0.22	-0.2	-0.45
Cash And Short Term Investments	0.87	0.92	0.86	0.89	0.59	0.71	1.0	-0.14	0.73	0.92	0.74	0.82	0.81	0.46	0.72	-0.14	0.79	0.66	-0.21	0.73	0.01	0.87	-0.22		0.81	0.48
Net Receivables	0.97	0.93	0.99	0.86	0.92	0.99	0.8	-0.19	0.87	0.82	0.99	1.0	0.98	0.44	0.98	-0.1	0.99	0.96	-0.37	0.97	-0.52	0.96	-0.2	0.81		0.48
Common Stock Total Equity	0.44	0.4	0.51	0.41	0.49	0.46	0.45	0.07	0.49	0.44	0.44	0.44	0.39	0.99	0.44	-0.48	0.4	0.47	0.34	0.37	-0.4	0.45	-0.45	0.48	0.48

Click cells to compare fundamentals

Digital Turbine Account Relationship Matchups

Digital Turbine fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	184.0M	260.4M	1.5B	1.3B	865.5M	908.8M
Other Current Liab	2.6M	5.6M	204.9M	101.6M	76.8M	80.7M
Total Current Liabilities	82.8M	111.1M	385.3M	220.9M	236.0M	247.8M
Total Stockholder Equity	77.5M	145.1M	514.6M	605.2M	213.9M	224.6M
Other Liab	1K	4.1M	20.0M	22.0M	25.3M	26.6M
Accounts Payable	31.6M	35.0M	167.9M	119.3M	159.2M	167.2M
Cash	21.5M	30.8M	126.8M	75.1M	33.6M	18.4M
Other Assets	596K	40K	13.0M	732K	841.8K	799.7K
Long Term Debt	8.0M	18.5M	520.8M	410.5M	383.5M	402.7M
Good Will	69.3M	80.2M	559.8M	561.6M	220.1M	116.1M
Other Current Assets	3.7M	4.3M	20.6M	12.3M	17.7M	18.6M
Total Liab	106.6M	115.3M	942.3M	659.3M	651.6M	684.2M
Property Plant Equipment	8.2M	13.1M	46.5M	39.3M	45.2M	47.5M
Property Plant And Equipment Net	12.4M	16.5M	46.5M	49.4M	54.9M	57.7M
Net Debt	(1.8M)	(16.2M)	406.5M	335.5M	356.1M	373.9M
Retained Earnings	(282.2M)	(227.3M)	(191.8M)	(175.1M)	(595.3M)	(565.6M)
Non Current Assets Total	125.6M	163.0M	1.0B	1.0B	623.2M	654.4M
Non Currrent Assets Other	(125.6M)	(150.0M)	732K	9.9M	17.1M	17.9M
Cash And Short Term Investments	21.5M	30.8M	126.8M	75.1M	33.6M	20.4M
Net Receivables	33.1M	62.0M	263.1M	178.2M	191.0M	200.6M
Common Stock Shares Outstanding	89.6M	96.2M	102.6M	101.8M	101.0M	106.0M
Liabilities And Stockholders Equity	184.0M	260.4M	1.5B	1.3B	865.5M	908.8M
Other Stockholder Equity	360.2M	373.2M	745.6M	822.1M	858.1M	901.0M
Property Plant And Equipment Gross	12.4M	16.5M	46.5M	49.4M	110.2M	115.7M
Total Current Assets	58.4M	97.4M	410.9M	266.1M	242.3M	254.5M
Accumulated Other Comprehensive Income	(591K)	(903K)	(39.3M)	(41.9M)	(49.0M)	(46.5M)
Non Current Liabilities Total	23.7M	4.1M	557.0M	438.4M	415.6M	436.4M
Inventory	125K	340K	394K	500K	575K	546.3K
Net Tangible Assets	(35.8M)	11.5M	(485.9M)	(336.1M)	(302.5M)	(287.4M)
Retained Earnings Total Equity	(282.2M)	(227.3M)	(191.8M)	(175.1M)	(157.6M)	(165.5M)
Capital Surpluse	360.2M	373.3M	745.7M	822.2M	945.5M	992.8M

Pair Trading with Digital Turbine

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 Digital Turbine 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 Digital Turbine will appreciate offsetting losses from the drop in the long position's value.

Moving together with Digital Stock

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Moving against Digital Stock

0.55

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The ability to find closely correlated positions to Digital Turbine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Turbine 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 Digital Turbine - 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 Digital Turbine to buy it.

The correlation of Digital Turbine 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 Digital Turbine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Turbine 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 Digital Turbine 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.

Pair Correlation Correlation Matching

When determining whether Digital Turbine is a strong investment it is important to analyze Digital Turbine's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Digital Turbine's future performance. For an informed investment choice regarding Digital Stock, refer to the following important reports:

How To Invest In Digital

Details

Is Digital Stock a good investment?

Details

What is Digital Turbine's Net Worth?

Details

Largest Application Software Companies

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Largest Software - Application Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Digital Stock analysis

When running Digital Turbine's price analysis, check to measure Digital Turbine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Digital Turbine is operating at the current time. Most of Digital Turbine's value examination focuses on studying past and present price action to predict the probability of Digital Turbine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Turbine's price. Additionally, you may evaluate how the addition of Digital Turbine to your portfolios can decrease your overall portfolio volatility.

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Is Digital Turbine's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digital Turbine. If investors know Digital will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digital Turbine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.43)

Earnings Share

(4.16)

Revenue Per Share

5.392

Quarterly Revenue Growth

(0.20)

Return On Assets

(0.01)

The market value of Digital Turbine is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Turbine's value that differs from its market value or its book value, called intrinsic value, which is Digital Turbine's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digital Turbine's market value can be influenced by many factors that don't directly affect Digital Turbine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Digital Turbine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Turbine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Turbine's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Digital Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Digital Turbine fundamental ratios Correlations

Digital Turbine Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Digital Turbine fundamental ratios Accounts

Pair Trading with Digital Turbine

Moving together with Digital Stock

Moving against Digital Stock

Complementary Tools for Digital Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Total Liab
Net Receivables	+ 1.0	Total Liab
Intangible Assets	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Current Liabilities

Non Currrent Assets Other	- 0.74	Current Deferred Revenue
Retained Earnings	- 0.69	Other Liab
Retained Earnings	- 0.65	Property Plant And Equipment Net
Retained Earnings	- 0.64	Accounts Payable
Retained Earnings	- 0.61	Property Plant Equipment
Retained Earnings	- 0.61	Other Current Assets