Decibel Cannabis Balance Sheet Health
Financial Health criteria checks 3/6
Decibel Cannabis has a total shareholder equity of CA$64.7M and total debt of CA$38.2M, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are CA$151.9M and CA$87.1M respectively. Decibel Cannabis's EBIT is CA$1.9M making its interest coverage ratio 0.7. It has cash and short-term investments of CA$7.7M.
Key information
59.1%
Debt to equity ratio
CA$38.23m
Debt
| Interest coverage ratio | 0.7x |
| Cash | CA$7.67m |
| Equity | CA$64.72m |
| Total liabilities | CA$87.14m |
| Total assets | CA$151.86m |
Recent financial health updates
Decibel Cannabis (CVE:DB) Takes On Some Risk With Its Use Of Debt
Jul 27
Here's Why Decibel Cannabis (CVE:DB) Is Weighed Down By Its Debt Load
Jan 10We Think Decibel Cannabis (CVE:DB) Is Taking Some Risk With Its Debt
Sep 28Is Decibel Cannabis (CVE:DB) Using Debt Sensibly?
May 17Decibel Cannabis (CVE:DB) Has Debt But No Earnings; Should You Worry?
Nov 11Decibel Cannabis (CVE:DB) Use Of Debt Could Be Considered Risky
Jul 22Recent updates
Concerns Surrounding Decibel Cannabis' (CVE:DB) Performance
Apr 30Market Cool On Decibel Cannabis Company Inc.'s (CVE:DB) Revenues Pushing Shares 27% Lower
Apr 12Take Care Before Diving Into The Deep End On Decibel Cannabis Company Inc. (CVE:DB)
Feb 26Investors Don't See Light At End Of Decibel Cannabis Company Inc.'s (CVE:DB) Tunnel And Push Stock Down 29%
Oct 13Decibel Cannabis Company Inc. (CVE:DB) Stock's 33% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Aug 15Decibel Cannabis (CVE:DB) Takes On Some Risk With Its Use Of Debt
Jul 27Decibel Cannabis Company Inc. (CVE:DB) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Jun 02Sentiment Still Eluding Decibel Cannabis Company Inc. (CVE:DB)
Mar 06Here's Why Decibel Cannabis (CVE:DB) Is Weighed Down By Its Debt Load
Jan 10We Think Decibel Cannabis (CVE:DB) Is Taking Some Risk With Its Debt
Sep 28Cautious Investors Not Rewarding Decibel Cannabis Company Inc.'s (CVE:DB) Performance Completely
Jul 15Is Decibel Cannabis (CVE:DB) Using Debt Sensibly?
May 17Decibel Cannabis (CVE:DB) Has Debt But No Earnings; Should You Worry?
Nov 11Decibel Cannabis (CVE:DB) Use Of Debt Could Be Considered Risky
Jul 22Does Decibel Cannabis (CVE:DB) Have A Healthy Balance Sheet?
Nov 24Here's Why Decibel Cannabis (CVE:DB) Has A Meaningful Debt Burden
Aug 21Financial Position Analysis
Short Term Liabilities: DB's short term assets (CA$64.5M) exceed its short term liabilities (CA$49.1M).
Long Term Liabilities: DB's short term assets (CA$64.5M) exceed its long term liabilities (CA$38.1M).
Debt to Equity History and Analysis
Debt Level: DB's net debt to equity ratio (47.2%) is considered high.
Reducing Debt: DB's debt to equity ratio has reduced from 86.7% to 59.1% over the past 5 years.
Debt Coverage: DB's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: DB's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/01 17:26 |
| End of Day Share Price | 2025/05/01 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Decibel Cannabis Company Inc. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Frederico Yokota Choucair Gomes | ATB Capital Markets |
| Kimberly Thompson-Hedlin | Canaccord Genuity |
| Jenny Wang | Eight Capital |