Digital Inventory vs Long Term Debt Analysis

DBGIW Stock

USD 15.05 1.55 9.34%

Digital Brands financial indicator trend analysis is much more than just examining Digital Brands Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Brands Group is a good investment. Please check the relationship between Digital Brands Inventory and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Brands Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Inventory vs Long Term Debt

Inventory vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Brands Group Inventory account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Digital Brands' Inventory and Long Term Debt is -0.02. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Digital Brands Group, assuming nothing else is changed. The correlation between historical values of Digital Brands' Inventory and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Digital Brands Group are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Inventory i.e., Digital Brands' Inventory and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Inventory

Long Term Debt

Long-term debt is a debt that Digital Brands Group has held for over one year. Long-term debt appears on Digital Brands Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Digital Brands Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Digital Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Brands Group 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 Digital Brands Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Tax Provision is likely to climb to about 386.4 K in 2024, whereas Selling General Administrative is likely to drop slightly above 13.2 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	3.7M	9.0M	5.5M	4.5M
Depreciation And Amortization	1.2M	2.2M	3.2M	3.4M

Interest Expense Depreciation And Amortization

Digital Brands fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock
Total Assets		0.93	0.93	0.98	0.46	0.53	0.52	0.92	-0.87	0.97	0.68	1.0	0.74	0.43	0.68	0.46	0.5	0.86	0.84	0.87	0.99	0.95	0.27	0.92	0.91	-0.77
Short Long Term Debt Total	0.93		0.83	0.92	0.29	0.32	0.32	1.0	-0.66	0.87	0.7	0.95	0.88	0.6	0.7	0.26	0.64	0.62	0.69	0.63	0.95	0.93	0.18	0.97	0.74	-0.52
Other Current Liab	0.93	0.83		0.96	0.25	0.38	0.35	0.82	-0.8	0.85	0.77	0.91	0.65	0.38	0.77	0.28	0.45	0.84	0.96	0.79	0.96	0.77	-0.05	0.85	0.94	-0.8
Total Current Liabilities	0.98	0.92	0.96		0.38	0.46	0.44	0.91	-0.85	0.95	0.78	0.97	0.71	0.37	0.78	0.38	0.43	0.86	0.91	0.84	0.99	0.9	0.18	0.95	0.94	-0.75
Total Stockholder Equity	0.46	0.29	0.25	0.38		0.98	0.99	0.31	-0.75	0.58	-0.18	0.46	-0.06	-0.24	-0.18	0.99	-0.15	0.59	0.23	0.68	0.35	0.55	0.74	0.31	0.44	-0.64
Property Plant And Equipment Net	0.53	0.32	0.38	0.46	0.98		1.0	0.33	-0.83	0.63	-0.09	0.51	-0.06	-0.26	-0.09	0.99	-0.16	0.69	0.37	0.75	0.42	0.56	0.65	0.35	0.56	-0.76
Current Deferred Revenue	0.52	0.32	0.35	0.44	0.99	1.0		0.34	-0.81	0.61	-0.14	0.51	-0.04	-0.21	-0.14	1.0	-0.11	0.66	0.33	0.73	0.41	0.57	0.65	0.33	0.52	-0.74
Net Debt	0.92	1.0	0.82	0.91	0.31	0.33	0.34		-0.66	0.86	0.67	0.94	0.89	0.63	0.67	0.28	0.67	0.6	0.67	0.62	0.94	0.93	0.19	0.95	0.72	-0.52
Retained Earnings	-0.87	-0.66	-0.8	-0.85	-0.75	-0.83	-0.81	-0.66		-0.92	-0.44	-0.84	-0.32	0.01	-0.44	-0.77	-0.09	-0.96	-0.8	-0.97	-0.81	-0.8	-0.46	-0.72	-0.92	0.92
Accounts Payable	0.97	0.87	0.85	0.95	0.58	0.63	0.61	0.86	-0.92		0.66	0.95	0.62	0.24	0.66	0.56	0.31	0.9	0.8	0.92	0.93	0.95	0.48	0.91	0.92	-0.74
Cash	0.68	0.7	0.77	0.78	-0.18	-0.09	-0.14	0.67	-0.44	0.66		0.66	0.63	0.27	1.0	-0.2	0.26	0.57	0.79	0.49	0.74	0.56	-0.07	0.8	0.73	-0.3
Non Current Assets Total	1.0	0.95	0.91	0.97	0.46	0.51	0.51	0.94	-0.84	0.95	0.66		0.78	0.49	0.66	0.45	0.56	0.82	0.8	0.83	0.98	0.97	0.28	0.92	0.88	-0.74
Non Currrent Assets Other	0.74	0.88	0.65	0.71	-0.06	-0.06	-0.04	0.89	-0.32	0.62	0.63	0.78		0.87	0.63	-0.1	0.87	0.32	0.45	0.35	0.78	0.77	0.0	0.78	0.46	-0.22
Long Term Debt	0.43	0.6	0.38	0.37	-0.24	-0.26	-0.21	0.63	0.01	0.24	0.27	0.49	0.87		0.27	-0.27	0.99	-0.02	0.14	0.02	0.49	0.47	-0.27	0.4	0.1	-0.05
Cash And Short Term Investments	0.68	0.7	0.77	0.78	-0.18	-0.09	-0.14	0.67	-0.44	0.66	1.0	0.66	0.63	0.27		-0.2	0.26	0.57	0.79	0.49	0.74	0.56	-0.07	0.8	0.73	-0.3
Common Stock Shares Outstanding	0.46	0.26	0.28	0.38	0.99	0.99	1.0	0.28	-0.77	0.56	-0.2	0.45	-0.1	-0.27	-0.2		-0.16	0.61	0.27	0.69	0.35	0.52	0.67	0.28	0.46	-0.7
Non Current Liabilities Total	0.5	0.64	0.45	0.43	-0.15	-0.16	-0.11	0.67	-0.09	0.31	0.26	0.56	0.87	0.99	0.26	-0.16		0.07	0.2	0.12	0.55	0.53	-0.25	0.44	0.18	-0.16
Inventory	0.86	0.62	0.84	0.86	0.59	0.69	0.66	0.6	-0.96	0.9	0.57	0.82	0.32	-0.02	0.57	0.61	0.07		0.88	0.98	0.8	0.75	0.36	0.69	0.97	-0.9
Other Current Assets	0.84	0.69	0.96	0.91	0.23	0.37	0.33	0.67	-0.8	0.8	0.79	0.8	0.45	0.14	0.79	0.27	0.2	0.88		0.8	0.86	0.64	-0.05	0.77	0.96	-0.8
Other Stockholder Equity	0.87	0.63	0.79	0.84	0.68	0.75	0.73	0.62	-0.97	0.92	0.49	0.83	0.35	0.02	0.49	0.69	0.12	0.98	0.8		0.79	0.81	0.49	0.68	0.93	-0.88
Total Liab	0.99	0.95	0.96	0.99	0.35	0.42	0.41	0.94	-0.81	0.93	0.74	0.98	0.78	0.49	0.74	0.35	0.55	0.8	0.86	0.79		0.91	0.14	0.94	0.9	-0.73
Net Invested Capital	0.95	0.93	0.77	0.9	0.55	0.56	0.57	0.93	-0.8	0.95	0.56	0.97	0.77	0.47	0.56	0.52	0.53	0.75	0.64	0.81	0.91		0.48	0.9	0.78	-0.63
Property Plant And Equipment Gross	0.27	0.18	-0.05	0.18	0.74	0.65	0.65	0.19	-0.46	0.48	-0.07	0.28	0.0	-0.27	-0.07	0.67	-0.25	0.36	-0.05	0.49	0.14	0.48		0.25	0.22	-0.15
Short Long Term Debt	0.92	0.97	0.85	0.95	0.31	0.35	0.33	0.95	-0.72	0.91	0.8	0.92	0.78	0.4	0.8	0.28	0.44	0.69	0.77	0.68	0.94	0.9	0.25		0.81	-0.52
Total Current Assets	0.91	0.74	0.94	0.94	0.44	0.56	0.52	0.72	-0.92	0.92	0.73	0.88	0.46	0.1	0.73	0.46	0.18	0.97	0.96	0.93	0.9	0.78	0.22	0.81		-0.85
Capital Stock	-0.77	-0.52	-0.8	-0.75	-0.64	-0.76	-0.74	-0.52	0.92	-0.74	-0.3	-0.74	-0.22	-0.05	-0.3	-0.7	-0.16	-0.9	-0.8	-0.88	-0.73	-0.63	-0.15	-0.52	-0.85

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Digital Inventory vs Long Term Debt Analysis

Inventory vs Long Term Debt

Inventory vs Long Term Debt Correlation Analysis

Correlation Coefficient

Inventory

Long Term Debt

Digital Brands fundamental ratios Correlations

Digital Brands Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Common Stock Shares Outstanding	+ 1.0	Current Deferred Revenue
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets

Other Stockholder Equity	- 0.97	Retained Earnings
Inventory	- 0.96	Retained Earnings
Total Current Assets	- 0.92	Retained Earnings
Accounts Payable	- 0.92	Retained Earnings
Capital Stock	- 0.9	Inventory
Capital Stock	- 0.88	Other Stockholder Equity