Ballys Good Will vs Net Debt Analysis

BALY Stock

USD 17.73 0.03 0.17%

Ballys Corp financial indicator trend analysis is way more than just evaluating Ballys Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ballys Corp is a good investment. Please check the relationship between Ballys Corp Good Will and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballys Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ballys Corp Good Will account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ballys Corp's Good Will and Net Debt is 0.98. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Debt in the same time period over historical financial statements of Ballys Corp, assuming nothing else is changed. The correlation between historical values of Ballys Corp's Good Will and Net 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 Good Will of Ballys Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Good Will i.e., Ballys Corp's Good Will and Net Debt go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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.

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

For more information on how to buy Ballys Stock please use our How to Invest in Ballys Corp guide.At this time, Ballys Corp's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 1.2 B in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	144.8M	300.6M	350.4M	367.9M
Interest Income	2.3M	1.1M	1.3M	1.0M

Depreciation And Amortization Interest Income

Ballys Corp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets	Intangible Assets
Total Assets		0.98	0.98	0.82	0.82	-0.83	0.97	0.99	-0.91	0.91	0.81	1.0	0.68	0.43	0.86	0.87	0.99	0.85	1.0	0.92	0.78	0.92	1.0	0.91	0.93	0.92
Other Current Liab	0.98		1.0	0.71	0.73	-0.9	0.99	0.99	-0.96	0.85	0.75	0.99	0.65	0.28	0.84	0.79	0.97	0.87	0.99	0.92	0.87	0.86	1.0	0.84	0.88	0.85
Total Current Liabilities	0.98	1.0		0.7	0.72	-0.9	0.99	0.99	-0.96	0.85	0.75	0.98	0.66	0.27	0.85	0.79	0.96	0.86	0.99	0.92	0.87	0.85	0.99	0.83	0.87	0.84
Total Stockholder Equity	0.82	0.71	0.7		0.87	-0.4	0.65	0.76	-0.56	0.92	0.79	0.81	0.6	0.85	0.69	0.97	0.85	0.69	0.77	0.73	0.32	0.91	0.76	0.95	0.86	0.93
Other Liab	0.82	0.73	0.72	0.87		-0.52	0.71	0.78	-0.66	0.85	0.74	0.81	0.59	0.64	0.74	0.85	0.8	0.58	0.79	0.83	0.42	0.89	0.78	0.88	0.9	0.92
Net Tangible Assets	-0.83	-0.9	-0.9	-0.4	-0.52		-0.92	-0.87	0.96	-0.64	-0.61	-0.83	-0.53	0.12	-0.74	-0.52	-0.78	-0.8	-0.87	-0.86	-0.99	-0.68	-0.87	-0.6	-0.72	-0.66
Property Plant And Equipment Net	0.97	0.99	0.99	0.65	0.71	-0.92		0.99	-0.95	0.8	0.77	0.97	0.7	0.2	0.86	0.73	0.93	0.81	0.98	0.92	0.89	0.82	0.98	0.8	0.87	0.82
Net Debt	0.99	0.99	0.99	0.76	0.78	-0.87	0.99		-0.93	0.88	0.81	0.99	0.72	0.34	0.87	0.83	0.98	0.84	1.0	0.93	0.82	0.88	1.0	0.88	0.92	0.88
Retained Earnings	-0.91	-0.96	-0.96	-0.56	-0.66	0.96	-0.95	-0.93		-0.77	-0.61	-0.92	-0.48	-0.11	-0.74	-0.68	-0.89	-0.86	-0.94	-0.89	-0.93	-0.8	-0.94	-0.72	-0.79	-0.78
Accounts Payable	0.91	0.85	0.85	0.92	0.85	-0.64	0.8	0.88	-0.77		0.81	0.91	0.61	0.64	0.82	0.98	0.93	0.88	0.88	0.89	0.57	0.99	0.88	0.97	0.94	0.98
Cash	0.81	0.75	0.75	0.79	0.74	-0.61	0.77	0.81	-0.61	0.81		0.81	0.82	0.46	0.89	0.79	0.79	0.67	0.8	0.84	0.57	0.81	0.79	0.86	0.91	0.83
Non Current Assets Total	1.0	0.99	0.98	0.81	0.81	-0.83	0.97	0.99	-0.92	0.91	0.81		0.67	0.43	0.85	0.87	0.99	0.86	1.0	0.92	0.78	0.92	1.0	0.91	0.93	0.92
Non Currrent Assets Other	0.68	0.65	0.66	0.6	0.59	-0.53	0.7	0.72	-0.48	0.61	0.82	0.67		0.25	0.78	0.56	0.63	0.43	0.68	0.68	0.46	0.59	0.67	0.68	0.73	0.61
Other Assets	0.43	0.28	0.27	0.85	0.64	0.12	0.2	0.34	-0.11	0.64	0.46	0.43	0.25		0.31	0.77	0.51	0.31	0.36	0.29	-0.19	0.6	0.35	0.67	0.51	0.64
Cash And Short Term Investments	0.86	0.84	0.85	0.69	0.74	-0.74	0.86	0.87	-0.74	0.82	0.89	0.85	0.78	0.31		0.78	0.83	0.73	0.86	0.93	0.69	0.82	0.86	0.87	0.94	0.83
Net Receivables	0.87	0.79	0.79	0.97	0.85	-0.52	0.73	0.83	-0.68	0.98	0.79	0.87	0.56	0.77	0.78		0.91	0.82	0.83	0.82	0.45	0.96	0.83	0.97	0.91	0.97
Good Will	0.99	0.97	0.96	0.85	0.8	-0.78	0.93	0.98	-0.89	0.93	0.79	0.99	0.63	0.51	0.83	0.91		0.88	0.98	0.89	0.73	0.93	0.98	0.92	0.91	0.93
Common Stock Shares Outstanding	0.85	0.87	0.86	0.69	0.58	-0.8	0.81	0.84	-0.86	0.88	0.67	0.86	0.43	0.31	0.73	0.82	0.88		0.85	0.85	0.78	0.88	0.85	0.8	0.8	0.83
Non Current Liabilities Total	1.0	0.99	0.99	0.77	0.79	-0.87	0.98	1.0	-0.94	0.88	0.8	1.0	0.68	0.36	0.86	0.83	0.98	0.85		0.93	0.82	0.89	1.0	0.88	0.92	0.89
Inventory	0.92	0.92	0.92	0.73	0.83	-0.86	0.92	0.93	-0.89	0.89	0.84	0.92	0.68	0.29	0.93	0.82	0.89	0.85	0.93		0.81	0.92	0.93	0.88	0.96	0.92
Other Current Assets	0.78	0.87	0.87	0.32	0.42	-0.99	0.89	0.82	-0.93	0.57	0.57	0.78	0.46	-0.19	0.69	0.45	0.73	0.78	0.82	0.81		0.62	0.83	0.53	0.65	0.58
Other Stockholder Equity	0.92	0.86	0.85	0.91	0.89	-0.68	0.82	0.88	-0.8	0.99	0.81	0.92	0.59	0.6	0.82	0.96	0.93	0.88	0.89	0.92	0.62		0.89	0.97	0.95	0.99
Total Liab	1.0	1.0	0.99	0.76	0.78	-0.87	0.98	1.0	-0.94	0.88	0.79	1.0	0.67	0.35	0.86	0.83	0.98	0.85	1.0	0.93	0.83	0.89		0.87	0.91	0.89
Deferred Long Term Liab	0.91	0.84	0.83	0.95	0.88	-0.6	0.8	0.88	-0.72	0.97	0.86	0.91	0.68	0.67	0.87	0.97	0.92	0.8	0.88	0.88	0.53	0.97	0.87		0.97	0.98
Total Current Assets	0.93	0.88	0.87	0.86	0.9	-0.72	0.87	0.92	-0.79	0.94	0.91	0.93	0.73	0.51	0.94	0.91	0.91	0.8	0.92	0.96	0.65	0.95	0.91	0.97		0.97
Intangible Assets	0.92	0.85	0.84	0.93	0.92	-0.66	0.82	0.88	-0.78	0.98	0.83	0.92	0.61	0.64	0.83	0.97	0.93	0.83	0.89	0.92	0.58	0.99	0.89	0.98	0.97

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Ballys Corp Account Relationship Matchups

Ballys Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.9B	6.6B	6.3B	6.9B	7.2B
Other Current Liab	55.9M	116.6M	438.6M	577.3M	653.0M	685.7M
Total Current Liabilities	89.8M	143.2M	570.1M	755.8M	874.8M	918.5M
Total Stockholder Equity	211.4M	326.6M	1.6B	805.8M	635.4M	575.1M
Other Liab	23.9M	303.9M	434.0M	265.7M	305.6M	183.5M
Net Tangible Assets	(32.0M)	(523.8M)	(127.9M)	(2.9B)	(2.6B)	(2.5B)
Property Plant And Equipment Net	527.7M	785.1M	1.3B	2.0B	2.3B	2.5B
Net Debt	518.2M	1.0B	3.8B	4.3B	4.9B	5.1B
Retained Earnings	250.4M	34.8M	(138.7M)	(535.4M)	(555.9M)	(528.1M)
Accounts Payable	14.9M	15.9M	87.5M	70.1M	69.2M	42.8M
Cash	182.6M	123.4M	206.2M	212.5M	163.2M	152.2M
Non Current Assets Total	776.9M	1.6B	6.0B	5.8B	6.3B	6.6B
Non Currrent Assets Other	5.7M	5.4M	27.0M	30.3M	92.8M	97.4M
Other Assets	5.7M	5.4M	6.6B	55.8M	64.2M	61.0M
Cash And Short Term Investments	182.6M	123.4M	206.2M	212.5M	315.3M	173.1M
Net Receivables	23.2M	14.8M	218.4M	125.4M	132.5M	79.6M
Good Will	133.1M	187.0M	2.1B	1.7B	1.9B	2.0B
Common Stock Shares Outstanding	37.8M	31.3M	49.6M	58.1M	53.4M	47.6M
Non Current Liabilities Total	720.7M	1.5B	4.4B	4.7B	5.4B	5.6B
Inventory	7.9M	9.3M	11.5M	14.2M	14.6M	10.7M
Other Current Assets	28.4M	29.0M	12.5M	129.4M	109.9M	115.4M
Other Stockholder Equity	(37.5M)	294.6M	1.8B	1.6B	1.4B	728.7M
Total Liab	810.5M	1.6B	4.9B	5.5B	6.2B	6.5B
Total Current Assets	245.0M	289.0M	567.2M	522.7M	572.3M	351.8M
Intangible Assets	110.4M	663.4M	2.5B	2.0B	1.9B	1.0B
Common Stock	412K	307K	530K	466K	400K	405.2K
Property Plant Equipment	527.7M	785.1M	838.7M	1.2B	1.4B	1.5B
Short Long Term Debt Total	700.8M	1.2B	4.0B	4.5B	5.1B	2.5B
Current Deferred Revenue	2.6M	14.9M	17.4M	200M	78.3M	57.9M
Long Term Debt	680.6M	1.1B	3.4B	3.5B	3.6B	2.1B
Common Stock Total Equity	412K	307K	530K	466K	535.9K	450.5K
Liabilities And Stockholders Equity	1.0B	1.9B	6.6B	6.3B	6.9B	3.8B
Net Invested Capital	895.0M	1.4B	5.1B	4.3B	4.3B	2.7B
Property Plant And Equipment Gross	527.7M	785.1M	1.6B	2.3B	2.6B	1.3B
Short Long Term Debt	3.6M	3M	5.8M	19.5M	22.4M	16.3M
Accumulated Other Comprehensive Income	(1.9M)	(3.1M)	(69.7M)	(295.6M)	(209.6M)	(199.1M)
Net Working Capital	155.2M	145.8M	(2.9M)	(233.1M)	(302.4M)	(287.3M)
Short Term Debt	4.0M	7.3M	44.0M	52.4M	74.3M	78.0M
Capital Stock	412K	307K	530K	466K	400K	457.4K

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Ballys Good Will vs Net Debt Analysis

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

Correlation Coefficient

Good Will

Net Debt

Ballys Corp fundamental ratios Correlations

Ballys Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ballys Corp fundamental ratios Accounts

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Additional Tools for Ballys Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Non Current Liabilities Total	+ 1.0	Net Debt

Other Current Assets	- 0.99	Net Tangible Assets
Retained Earnings	- 0.96	Total Current Liabilities
Retained Earnings	- 0.96	Other Current Liab
Retained Earnings	- 0.95	Property Plant And Equipment Net
Total Liab	- 0.94	Retained Earnings
Non Current Liabilities Total	- 0.94	Retained Earnings