Digital Historical Balance Sheet
| DBGIW Stock | USD 12.21 2.84 18.87% |
Trend analysis of Digital Brands Group balance sheet accounts such as Other Current Liabilities of 9.9 M or Total Current Liabilities of 28 M provides information on Digital Brands' total assets, liabilities, and equity, which is the actual value of Digital Brands Group to its prevalent stockholders. By breaking down trends over time using Digital Brands balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Digital Brands Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Digital Brands Group is a good buy for the upcoming year.
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About Digital Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Digital Brands Group at a specified time, usually calculated after every quarter, six months, or one year. Digital Brands Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Digital Brands and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Digital currently owns. An asset can also be divided into two categories, current and non-current.
Digital Brands Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Digital Brands assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Digital Brands Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Digital Brands balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Digital Brands Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from Digital Brands' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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. At this time, Digital Brands' Good Will is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 445.6 K in 2024, despite the fact that Retained Earnings are likely to grow to (108.3 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 18.6M | 14.2M | 8.7M | 13.4M | Total Assets | 36.5M | 33.7M | 25.3M | 24.9M |
Digital Brands balance sheet Correlations
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Digital Brands Account Relationship Matchups
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Digital Stock Analysis
When running Digital Brands' price analysis, check to measure Digital Brands' 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 Brands is operating at the current time. Most of Digital Brands' value examination focuses on studying past and present price action to predict the probability of Digital Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Brands' price. Additionally, you may evaluate how the addition of Digital Brands to your portfolios can decrease your overall portfolio volatility.