Tilray Net Debt vs Cash Analysis

TLRY Stock

CAD 1.88 0.04 2.17%

Tilray financial indicator trend analysis is much more than just breaking down Tilray Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tilray Inc is a good investment. Please check the relationship between Tilray Net Debt and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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.

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 Tilray Inc Net Debt account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Tilray's Net Debt and Cash is 0.54. 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 Tilray Inc, assuming nothing else is changed. The correlation between historical values of Tilray'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 Tilray Inc 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., Tilray's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

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 Tilray Inc, which is listed under current asset account on Tilray Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Tilray customers. The amounts must be unrestricted with restricted cash listed in a different Tilray 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 Tilray's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tilray Inc 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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.

As of the 24th of November 2024, Selling General Administrative is likely to grow to about 180.1 M, though Tax Provision is likely to grow to (25.3 M).

	2021	2022	2023	2024 (projected)
Research Development	1.5M	682K	635K	826.6K
Total Revenue	628.4M	627.1M	788.9M	828.4M

Research Development Total Revenue

Tilray fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Other Assets	Short Term Debt	Common Stock	Accounts Payable	Non Currrent Assets Other	Intangible Assets	Good Will
Total Assets		0.81	0.96	1.0	0.83	-0.71	0.81	0.85	0.95	0.89	0.18	0.95	0.86	0.92	0.94	0.91	0.93	0.93	0.97	0.75	0.66	-0.11	0.76	0.48	0.97	0.98
Other Current Liab	0.81		0.67	0.8	0.75	-0.23	0.72	0.65	0.62	0.48	-0.16	0.68	0.7	0.62	0.83	0.69	0.8	0.73	0.85	0.33	0.36	-0.22	0.35	0.63	0.88	0.85
Total Current Liabilities	0.96	0.67		0.95	0.88	-0.8	0.72	0.83	0.93	0.91	0.39	0.93	0.83	0.93	0.92	0.88	0.9	0.87	0.92	0.77	0.79	-0.15	0.75	0.29	0.92	0.94
Total Stockholder Equity	1.0	0.8	0.95		0.81	-0.73	0.78	0.82	0.95	0.91	0.18	0.95	0.84	0.93	0.92	0.89	0.91	0.92	0.96	0.78	0.66	-0.13	0.76	0.5	0.96	0.98
Net Debt	0.83	0.75	0.88	0.81		-0.57	0.54	0.66	0.67	0.66	0.4	0.7	0.66	0.79	0.88	0.71	0.79	0.7	0.88	0.51	0.77	-0.41	0.36	0.25	0.9	0.89
Retained Earnings	-0.71	-0.23	-0.8	-0.73	-0.57		-0.3	-0.45	-0.79	-0.93	-0.49	-0.76	-0.48	-0.91	-0.53	-0.56	-0.5	-0.56	-0.61	-0.95	-0.69	0.32	-0.68	-0.1	-0.59	-0.66
Cash	0.81	0.72	0.72	0.78	0.54	-0.3		0.95	0.81	0.59	-0.08	0.79	0.88	0.54	0.87	0.93	0.93	0.91	0.8	0.39	0.37	0.36	0.76	0.47	0.79	0.76
Cash And Short Term Investments	0.85	0.65	0.83	0.82	0.66	-0.45	0.95		0.85	0.69	0.23	0.81	0.9	0.63	0.91	0.97	0.95	0.92	0.84	0.51	0.61	0.31	0.78	0.4	0.82	0.81
Net Receivables	0.95	0.62	0.93	0.95	0.67	-0.79	0.81	0.85		0.95	0.19	0.96	0.83	0.9	0.86	0.9	0.88	0.91	0.88	0.83	0.62	0.03	0.9	0.4	0.86	0.89
Common Stock Shares Outstanding	0.89	0.48	0.91	0.91	0.66	-0.93	0.59	0.69	0.95		0.34	0.92	0.7	0.96	0.74	0.77	0.73	0.79	0.79	0.92	0.66	-0.14	0.83	0.26	0.78	0.83
Short Term Investments	0.18	-0.16	0.39	0.18	0.4	-0.49	-0.08	0.23	0.19	0.34		0.13	0.1	0.33	0.17	0.2	0.14	0.08	0.17	0.37	0.77	-0.18	0.1	-0.19	0.15	0.19
Inventory	0.95	0.68	0.93	0.95	0.7	-0.76	0.79	0.81	0.96	0.92	0.13		0.9	0.9	0.87	0.89	0.89	0.91	0.88	0.79	0.59	-0.02	0.88	0.38	0.88	0.89
Other Current Assets	0.86	0.7	0.83	0.84	0.66	-0.48	0.88	0.9	0.83	0.7	0.1	0.9		0.68	0.89	0.95	0.92	0.92	0.86	0.54	0.57	0.21	0.81	0.42	0.84	0.83
Other Stockholder Equity	0.92	0.62	0.93	0.93	0.79	-0.91	0.54	0.63	0.9	0.96	0.33	0.9	0.68		0.78	0.73	0.74	0.75	0.85	0.91	0.72	-0.37	0.68	0.36	0.86	0.9
Total Liab	0.94	0.83	0.92	0.92	0.88	-0.53	0.87	0.91	0.86	0.74	0.17	0.87	0.89	0.78		0.94	0.98	0.94	0.97	0.54	0.63	-0.02	0.67	0.4	0.97	0.95
Total Current Assets	0.91	0.69	0.88	0.89	0.71	-0.56	0.93	0.97	0.9	0.77	0.2	0.89	0.95	0.73	0.94		0.96	0.97	0.91	0.6	0.63	0.21	0.82	0.43	0.89	0.89
Short Long Term Debt Total	0.93	0.8	0.9	0.91	0.79	-0.5	0.93	0.95	0.88	0.73	0.14	0.89	0.92	0.74	0.98	0.96		0.93	0.92	0.53	0.6	0.09	0.75	0.38	0.93	0.9
Property Plant And Equipment Net	0.93	0.73	0.87	0.92	0.7	-0.56	0.91	0.92	0.91	0.79	0.08	0.91	0.92	0.75	0.94	0.97	0.93		0.94	0.61	0.53	0.2	0.82	0.46	0.91	0.91
Non Current Assets Total	0.97	0.85	0.92	0.96	0.88	-0.61	0.8	0.84	0.88	0.79	0.17	0.88	0.86	0.85	0.97	0.91	0.92	0.94		0.66	0.66	-0.13	0.65	0.52	0.99	0.99
Other Assets	0.75	0.33	0.77	0.78	0.51	-0.95	0.39	0.51	0.83	0.92	0.37	0.79	0.54	0.91	0.54	0.6	0.53	0.61	0.66		0.68	-0.27	0.71	0.4	0.63	0.71
Short Term Debt	0.66	0.36	0.79	0.66	0.77	-0.69	0.37	0.61	0.62	0.66	0.77	0.59	0.57	0.72	0.63	0.63	0.6	0.53	0.66	0.68		-0.25	0.42	0.26	0.65	0.68
Common Stock	-0.11	-0.22	-0.15	-0.13	-0.41	0.32	0.36	0.31	0.03	-0.14	-0.18	-0.02	0.21	-0.37	-0.02	0.21	0.09	0.2	-0.13	-0.27	-0.25		0.36	-0.05	-0.18	-0.2
Accounts Payable	0.76	0.35	0.75	0.76	0.36	-0.68	0.76	0.78	0.9	0.83	0.1	0.88	0.81	0.68	0.67	0.82	0.75	0.82	0.65	0.71	0.42	0.36		0.22	0.62	0.64
Non Currrent Assets Other	0.48	0.63	0.29	0.5	0.25	-0.1	0.47	0.4	0.4	0.26	-0.19	0.38	0.42	0.36	0.4	0.43	0.38	0.46	0.52	0.4	0.26	-0.05	0.22		0.49	0.52
Intangible Assets	0.97	0.88	0.92	0.96	0.9	-0.59	0.79	0.82	0.86	0.78	0.15	0.88	0.84	0.86	0.97	0.89	0.93	0.91	0.99	0.63	0.65	-0.18	0.62	0.49		0.99
Good Will	0.98	0.85	0.94	0.98	0.89	-0.66	0.76	0.81	0.89	0.83	0.19	0.89	0.83	0.9	0.95	0.89	0.9	0.91	0.99	0.71	0.68	-0.2	0.64	0.52	0.99

Click cells to compare fundamentals

Tilray Account Relationship Matchups

Tilray fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	6.0B	5.4B	4.3B	4.2B	4.4B
Other Current Liab	9.2M	138.8M	119.1M	18.0M	18.3M	30.9M
Total Current Liabilities	122.8M	401.2M	280.3M	433.0M	299.2M	314.1M
Total Stockholder Equity	1.3B	4.5B	4.4B	3.3B	3.4B	3.6B
Net Debt	(58.1M)	450.2M	207.9M	383.5M	159.0M	86.5M
Retained Earnings	(44.1M)	(486.1M)	(962.9M)	(2.4B)	(2.7B)	(2.5B)
Cash	358.5M	488.5M	415.9M	206.6M	228.3M	188.6M
Cash And Short Term Investments	358.5M	488.5M	415.9M	448.5M	260.5M	221.6M
Net Receivables	50.8M	89.8M	95.3M	86.2M	101.7M	106.8M
Common Stock Shares Outstanding	216.2M	446.4M	481.2M	618.0M	742.6M	779.8M
Short Term Investments	34.9M	14.9M	0.0	241.9M	32.2M	42.8M
Liabilities And Stockholders Equity	1.8B	6.0B	5.4B	4.3B	4.2B	4.4B
Inventory	190.6M	256.4M	245.5M	200.6M	252.1M	264.7M
Other Current Assets	51.4M	48.9M	46.8M	37.7M	31.3M	21.9M
Other Stockholder Equity	20.2M	4.8B	5.4B	5.8B	6.1B	6.5B
Total Liab	475.9M	1.6B	1.0B	977.3M	778.5M	462.5M
Total Current Assets	651.2M	883.6M	803.5M	773.0M	677.7M	395.7M
Short Long Term Debt Total	451.8M	938.7M	623.8M	590.1M	387.3M	424.7M
Property Plant And Equipment Net	423.3M	669.0M	600.5M	435.6M	574.3M	309.3M
Non Current Assets Total	1.2B	5.1B	4.6B	3.5B	3.5B	1.9B
Other Assets	15.3M	7.9M	8.3M	111.5M	128.2M	134.7M
Short Term Debt	7.4M	49.6M	92.6M	224.3M	39.0M	51.5M
Common Stock	1.3B	46K	53K	66K	83K	78.9K
Accounts Payable	110.1M	57.7M	68.6M	70.8M	105.4M	110.7M
Accumulated Other Comprehensive Income	(914.9K)	152.7M	(20.8M)	(46.6M)	(43.5M)	(41.3M)
Non Currrent Assets Other	0.0	8.3M	111.5M	222K	5.4M	5.1M
Intangible Assets	261.7M	1.6B	1.3B	973.8M	915.5M	605.5M
Good Will	445.5M	2.8B	2.6B	2.0B	2.0B	1.3B
Net Tangible Assets	475.6M	537.3M	20.4M	479.6M	431.7M	293.1M
Current Deferred Revenue	17.5M	650.3K	155.1M	119.9M	136.6M	143.4M
Non Current Liabilities Total	353.1M	1.2B	728.0M	544.3M	479.3M	520.2M
Property Plant Equipment	372.8M	426.1M	669.0M	600.5M	690.6M	448.1M
Other Liab	64.8M	48.4M	269.8M	196.8M	226.4M	142.6M
Long Term Debt	430.2M	306.3M	519.8M	357.9M	287.9M	369.4M
Net Invested Capital	2.2B	5.3B	5.0B	3.9B	3.8B	3.7B
Long Term Investments	27.0M	25.8M	15.0M	12.4M	7.9M	7.5M
Short Long Term Debt	9.0M	45.3M	85.9M	221.8M	33.9M	63.7M
Net Working Capital	732.9M	482.4M	523.2M	340.1M	378.5M	371.4M

Pair Trading with Tilray

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

Moving against Tilray Stock

0.76	BNS	Bank of Nova Scotia	Pair Corr
0.64	TD-PFI	Toronto Dominion Bank	Pair Corr
0.63	AMZN	Amazon CDR	Pair Corr
0.62	RY	Royal Bank	Pair Corr
0.59	BMO	Bank of Montreal	Pair Corr

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

The correlation of Tilray 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 Tilray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tilray Inc 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 Tilray 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 Tilray Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tilray's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tilray Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tilray Inc Stock:

How To Invest In Tilray

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Is Tilray Stock a good investment?

Details

What is Tilray's Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. 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.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Please note, there is a significant difference between Tilray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tilray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tilray'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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Tilray Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Tilray fundamental ratios Correlations

Tilray Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tilray fundamental ratios Accounts

Pair Trading with Tilray

Moving against Tilray Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Intangible Assets	+ 0.99	Non Current Assets Total
Good Will	+ 0.99	Non Current Assets Total
Good Will	+ 0.99	Intangible Assets
Good Will	+ 0.98	Total Assets
Good Will	+ 0.98	Total Stockholder Equity

Other Assets	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Other Stockholder Equity	- 0.91	Retained Earnings
Retained Earnings	- 0.8	Total Current Liabilities
Net Receivables	- 0.79	Retained Earnings
Inventory	- 0.76	Retained Earnings