Gaming Intangible Assets vs Total Current Liabilities Analysis

GMR Stock   37.00  0.20  0.54%   
Gaming Realms financial indicator trend analysis is much more than just examining Gaming Realms plc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gaming Realms plc is a good investment. Please check the relationship between Gaming Realms Intangible Assets and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gaming Realms plc. 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.

Intangible Assets vs Total Current Liabilities

Intangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gaming Realms plc Intangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gaming Realms' Intangible Assets and Total Current Liabilities is 0.72. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Gaming Realms plc, assuming nothing else is changed. The correlation between historical values of Gaming Realms' Intangible Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Gaming Realms plc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Intangible Assets i.e., Gaming Realms' Intangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Current Liabilities

Total Current Liabilities is an item on Gaming Realms balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Gaming Realms plc 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 indicators from Gaming Realms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gaming Realms plc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gaming Realms plc. 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.
As of November 27, 2024, Selling General Administrative is expected to decline to about 5.6 M. The current year's Discontinued Operations is expected to grow to about (855.9 K)
 2021 2022 2023 2024 (projected)
Interest Expense534.1K282.0K43.9K41.7K
Depreciation And Amortization3.3M3.9M4.1M4.3M

Gaming Realms fundamental ratios Correlations

0.540.860.930.170.070.180.6-0.010.94-0.07-0.110.680.660.440.280.51-0.270.840.090.52-0.020.820.7-0.31-0.48
0.540.580.450.03-0.08-0.090.020.130.47-0.410.00.40.530.520.010.340.080.530.050.38-0.530.170.43-0.49-0.37
0.860.580.67-0.040.17-0.010.77-0.140.850.05-0.280.450.470.360.220.48-0.140.91-0.130.340.020.720.49-0.27-0.48
0.930.450.670.19-0.130.30.380.170.85-0.150.150.670.620.410.040.47-0.280.590.270.56-0.030.760.67-0.29-0.58
0.170.03-0.040.19-0.1-0.28-0.060.160.170.220.010.680.670.140.13-0.10.430.090.70.07-0.170.390.69-0.57-0.01
0.07-0.080.17-0.13-0.1-0.10.28-0.960.050.49-0.91-0.2-0.11-0.120.680.250.030.34-0.530.070.410.23-0.120.10.43
0.18-0.09-0.010.3-0.28-0.1-0.130.030.22-0.350.21-0.08-0.14-0.340.0-0.05-0.7-0.06-0.19-0.050.37-0.01-0.080.58-0.15
0.60.020.770.38-0.060.28-0.13-0.290.660.28-0.380.190.170.220.360.23-0.240.76-0.310.070.270.630.220.0-0.15
-0.010.13-0.140.170.16-0.960.03-0.29-0.08-0.470.860.370.260.15-0.63-0.02-0.02-0.270.620.16-0.54-0.20.28-0.19-0.5
0.940.470.850.850.170.050.220.66-0.08-0.06-0.150.540.550.340.320.24-0.270.84-0.020.210.140.810.57-0.22-0.34
-0.07-0.410.05-0.150.220.49-0.350.28-0.47-0.06-0.47-0.03-0.2-0.040.140.060.350.06-0.03-0.020.340.360.010.080.19
-0.110.0-0.280.150.01-0.910.21-0.380.86-0.15-0.470.090.00.17-0.66-0.23-0.12-0.460.470.05-0.31-0.260.020.0-0.4
0.680.40.450.670.68-0.2-0.080.190.370.54-0.030.090.930.380.110.490.130.520.650.62-0.40.590.99-0.58-0.5
0.660.530.470.620.67-0.11-0.140.170.260.55-0.20.00.930.360.20.450.20.550.60.55-0.380.550.93-0.74-0.45
0.440.520.360.410.14-0.12-0.340.220.150.34-0.040.170.380.360.020.150.140.380.020.43-0.630.160.41-0.27-0.19
0.280.010.220.040.130.680.00.36-0.630.320.14-0.660.110.20.020.05-0.20.57-0.430.010.280.30.160.050.55
0.510.340.480.47-0.10.25-0.050.23-0.020.240.06-0.230.490.450.150.05-0.10.440.160.89-0.240.380.48-0.31-0.53
-0.270.08-0.14-0.280.430.03-0.7-0.24-0.02-0.270.35-0.120.130.20.14-0.2-0.1-0.170.44-0.08-0.24-0.010.16-0.61-0.06
0.840.530.910.590.090.34-0.060.76-0.270.840.06-0.460.520.550.380.570.44-0.17-0.210.34-0.010.690.57-0.25-0.2
0.090.05-0.130.270.7-0.53-0.19-0.310.62-0.02-0.030.470.650.60.02-0.430.160.44-0.210.32-0.290.240.6-0.67-0.52
0.520.380.340.560.070.07-0.050.070.160.21-0.020.050.620.550.430.010.89-0.080.340.32-0.430.330.6-0.36-0.52
-0.02-0.530.02-0.03-0.170.410.370.27-0.540.140.34-0.31-0.4-0.38-0.630.28-0.24-0.24-0.01-0.29-0.430.35-0.390.350.24
0.820.170.720.760.390.23-0.010.63-0.20.810.36-0.260.590.550.160.30.38-0.010.690.240.330.350.61-0.38-0.33
0.70.430.490.670.69-0.12-0.080.220.280.570.010.020.990.930.410.160.480.160.570.60.6-0.390.61-0.58-0.48
-0.31-0.49-0.27-0.29-0.570.10.580.0-0.19-0.220.080.0-0.58-0.74-0.270.05-0.31-0.61-0.25-0.67-0.360.35-0.38-0.580.38
-0.48-0.37-0.48-0.58-0.010.43-0.15-0.15-0.5-0.340.19-0.4-0.5-0.45-0.190.55-0.53-0.06-0.2-0.52-0.520.24-0.33-0.480.38
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Gaming Realms Account Relationship Matchups

Gaming Realms fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.0M17.8M20.1M21.6M28.2M17.8M
Other Current Liab1.6M1.5M5.7M2.1M2.3M1.7M
Total Current Liabilities2.4M2.3M6.6M3.5M3.4M3.6M
Total Stockholder Equity12.0M10.9M13.1M17.9M24.4M13.0M
Property Plant And Equipment Net760.8K560.8K484.6K535.4K367.1K448.4K
Net Debt(1.7M)(1.4M)(4.1M)(2.5M)(7.3M)(6.9M)
Retained Earnings(37.6M)(38.8M)(37.0M)(32.8M)(26.5M)(27.8M)
Accounts Payable2.1M368.4K531.9K669.0K727.7K691.3K
Cash2.6M2.1M4.4M2.9M7.5M7.8M
Non Current Assets Total13.1M12.2M12.5M13.4M15.7M10.4M
Non Currrent Assets Other597.6K551.8K150.6K138.8K(8.0M)(7.6M)
Cash And Short Term Investments2.6M2.1M4.4M2.9M7.5M4.4M
Liabilities And Stockholders Equity19.0M17.8M20.1M21.6M28.2M17.8M
Non Current Liabilities Total4.5M4.6M368.1K243.3K353.4K335.7K
Other Current Assets126.4K140.1K3.3M5.1M5.8M6.1M
Other Stockholder Equity19.5M87.3M87.4M87.7M20.1M36.3M
Total Liab6.9M6.9M7.0M3.7M3.8M4.8M
Property Plant And Equipment Gross760.8K560.8K1.2M1.4M1.5M1.6M
Total Current Assets5.9M5.6M7.7M8.3M12.5M7.4M
Accumulated Other Comprehensive Income1.6M1.4M1.4M1.5M1.4M1.5M
Short Term Debt256.5K343.9K172.9K217.7K52.1K49.5K
Intangible Assets6.5M6.1M6.8M7.3M8.2M5.4M
Inventory(2.7M)1.3M972.6K(5.1M)(4.6M)(4.3M)
Short Long Term Debt Total902.6K684.0K341.1K385.4K185.6K176.3K
Net Receivables1.9M2.3M3.3M5.3M5.1M2.7M
Good Will5.2M5.0M5.0M5.1M5.1M6.3M
Net Tangible Assets8.5M4.1M3.9M6.7M7.7M8.0M
Other Assets3.9M4.0M4.4M5.5M6.3M3.7M
Deferred Long Term Liab3.8M3.8M4.2M5.4M6.2M3.6M
Property Plant Equipment127.6K917.9K560.8K484.6K557.3K381.3K
Other Liab1.0M930.5K1.1M199.9K179.9K170.9K
Net Invested Capital12.0M10.9M13.1M17.9M24.4M17.8M
Net Working Capital3.5M3.3M1.0M4.8M9.1M9.5M

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Other Information on Investing in Gaming Stock

Balance Sheet is a snapshot of the financial position of Gaming Realms plc at a specified time, usually calculated after every quarter, six months, or one year. Gaming Realms Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gaming Realms 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 Gaming currently owns. An asset can also be divided into two categories, current and non-current.