Glory Long Term Debt vs Net Working Capital Analysis

GSMGW Stock

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Glory Star financial indicator trend analysis is much more than just examining Glory Star New latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glory Star New is a good investment. Please check the relationship between Glory Star Long Term Debt and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Long Term Debt vs Net Working Capital

Long Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Glory Star New Long Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Glory Star's Long Term Debt and Net Working Capital is 0.91. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Glory Star New, assuming nothing else is changed. The correlation between historical values of Glory Star's Long Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Glory Star New are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Debt i.e., Glory Star's Long Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Long Term Debt

Long-term debt is a debt that Glory Star New has held for over one year. Long-term debt appears on Glory Star New balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Glory Star New balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Working Capital

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

At this time, Glory Star's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 84 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (0.71).

	2021	2022	2023	2024 (projected)
Interest Expense	513K	93K	107.0K	101.6K
Depreciation And Amortization	2.3M	3.6M	4.2M	4.4M

Interest Expense Depreciation And Amortization

Glory Star fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Short Term Debt	Common Stock
Total Assets		0.44	-0.81	0.88	1.0	-0.03	-0.85	-0.87	0.9	0.82	0.96	0.67	0.11	0.95	0.83	-0.69	-0.83	0.97	0.34	0.87	1.0	0.23	1.0	0.99	0.24	-0.84
Short Long Term Debt Total	0.44		-0.72	0.48	0.42	0.08	-0.73	-0.21	0.41	0.47	0.31	0.54	-0.73	0.34	0.6	-0.33	-0.64	0.32	-0.57	0.68	0.44	0.95	0.41	0.4	0.96	-0.49
Other Current Liab	-0.81	-0.72		-0.7	-0.81	-0.3	0.95	0.7	-0.84	-0.84	-0.67	-0.77	0.28	-0.77	-0.92	0.51	0.95	-0.72	0.05	-0.8	-0.82	-0.61	-0.78	-0.79	-0.57	0.77
Total Current Liabilities	0.88	0.48	-0.7		0.87	-0.02	-0.72	-0.8	0.92	0.85	0.8	0.72	0.11	0.85	0.82	-0.47	-0.77	0.81	0.31	0.97	0.87	0.27	0.86	0.84	0.33	-0.94
Total Stockholder Equity	1.0	0.42	-0.81	0.87		-0.03	-0.84	-0.87	0.9	0.82	0.96	0.66	0.13	0.95	0.83	-0.69	-0.82	0.98	0.36	0.85	1.0	0.2	1.0	1.0	0.22	-0.84
Property Plant And Equipment Net	-0.03	0.08	-0.3	-0.02	-0.03		-0.02	0.01	0.13	0.41	-0.24	0.57	0.19	-0.06	0.35	0.48	-0.45	-0.2	0.22	-0.01	-0.03	0.03	-0.11	-0.11	-0.05	-0.22
Current Deferred Revenue	-0.85	-0.73	0.95	-0.72	-0.84	-0.02		0.68	-0.83	-0.71	-0.75	-0.59	0.36	-0.78	-0.88	0.73	0.86	-0.79	0.13	-0.82	-0.85	-0.63	-0.84	-0.84	-0.61	0.72
Net Debt	-0.87	-0.21	0.7	-0.8	-0.87	0.01	0.68		-0.9	-0.84	-0.81	-0.66	-0.27	-0.98	-0.75	0.42	0.71	-0.85	-0.47	-0.73	-0.87	-0.04	-0.85	-0.85	-0.07	0.83
Retained Earnings	0.9	0.41	-0.84	0.92	0.9	0.13	-0.83	-0.9		0.9	0.8	0.73	0.11	0.92	0.92	-0.51	-0.87	0.84	0.34	0.89	0.9	0.24	0.88	0.88	0.25	-0.92
Accounts Payable	0.82	0.47	-0.84	0.85	0.82	0.41	-0.71	-0.84	0.9		0.68	0.93	0.13	0.85	0.87	-0.21	-0.91	0.71	0.35	0.83	0.82	0.28	0.77	0.76	0.28	-0.92
Cash	0.96	0.31	-0.67	0.8	0.96	-0.24	-0.75	-0.81	0.8	0.68		0.47	0.14	0.9	0.65	-0.78	-0.65	0.99	0.34	0.77	0.96	0.11	0.98	0.98	0.13	-0.69
Non Current Assets Total	0.67	0.54	-0.77	0.72	0.66	0.57	-0.59	-0.66	0.73	0.93	0.47		0.11	0.67	0.83	0.0	-0.89	0.51	0.3	0.73	0.67	0.34	0.6	0.59	0.34	-0.87
Non Currrent Assets Other	0.11	-0.73	0.28	0.11	0.13	0.19	0.36	-0.27	0.11	0.13	0.14	0.11		0.17	-0.03	0.22	0.05	0.14	0.97	-0.13	0.1	-0.89	0.1	0.1	-0.86	-0.16
Cash And Short Term Investments	0.95	0.34	-0.77	0.85	0.95	-0.06	-0.78	-0.98	0.92	0.85	0.9	0.67	0.17		0.79	-0.56	-0.77	0.93	0.39	0.81	0.95	0.15	0.94	0.94	0.18	-0.85
Net Receivables	0.83	0.6	-0.92	0.82	0.83	0.35	-0.88	-0.75	0.92	0.87	0.65	0.83	-0.03	0.79		-0.44	-0.97	0.71	0.2	0.84	0.83	0.43	0.79	0.79	0.42	-0.91
Common Stock Shares Outstanding	-0.69	-0.33	0.51	-0.47	-0.69	0.48	0.73	0.42	-0.51	-0.21	-0.78	0.0	0.22	-0.56	-0.44		0.38	-0.78	0.08	-0.52	-0.7	-0.27	-0.75	-0.76	-0.25	0.3
Inventory	-0.83	-0.64	0.95	-0.77	-0.82	-0.45	0.86	0.71	-0.87	-0.91	-0.65	-0.89	0.05	-0.77	-0.97	0.38		-0.7	-0.18	-0.82	-0.83	-0.46	-0.78	-0.78	-0.43	0.87
Other Current Assets	0.97	0.32	-0.72	0.81	0.98	-0.2	-0.79	-0.85	0.84	0.71	0.99	0.51	0.14	0.93	0.71	-0.78	-0.7		0.35	0.78	0.98	0.12	0.99	0.99	0.14	-0.73
Other Stockholder Equity	0.34	-0.57	0.05	0.31	0.36	0.22	0.13	-0.47	0.34	0.35	0.34	0.3	0.97	0.39	0.2	0.08	-0.18	0.35		0.09	0.33	-0.77	0.33	0.32	-0.75	-0.38
Total Liab	0.87	0.68	-0.8	0.97	0.85	-0.01	-0.82	-0.73	0.89	0.83	0.77	0.73	-0.13	0.81	0.84	-0.52	-0.82	0.78	0.09		0.86	0.5	0.84	0.83	0.54	-0.91
Net Invested Capital	1.0	0.44	-0.82	0.87	1.0	-0.03	-0.85	-0.87	0.9	0.82	0.96	0.67	0.1	0.95	0.83	-0.7	-0.83	0.98	0.33	0.86		0.23	1.0	0.99	0.24	-0.84
Short Long Term Debt	0.23	0.95	-0.61	0.27	0.2	0.03	-0.63	-0.04	0.24	0.28	0.11	0.34	-0.89	0.15	0.43	-0.27	-0.46	0.12	-0.77	0.5	0.23		0.21	0.2	0.99	-0.27
Total Current Assets	1.0	0.41	-0.78	0.86	1.0	-0.11	-0.84	-0.85	0.88	0.77	0.98	0.6	0.1	0.94	0.79	-0.75	-0.78	0.99	0.33	0.84	1.0	0.21		1.0	0.22	-0.8
Net Working Capital	0.99	0.4	-0.79	0.84	1.0	-0.11	-0.84	-0.85	0.88	0.76	0.98	0.59	0.1	0.94	0.79	-0.76	-0.78	0.99	0.32	0.83	0.99	0.2	1.0		0.21	-0.79
Short Term Debt	0.24	0.96	-0.57	0.33	0.22	-0.05	-0.61	-0.07	0.25	0.28	0.13	0.34	-0.86	0.18	0.42	-0.25	-0.43	0.14	-0.75	0.54	0.24	0.99	0.22	0.21		-0.32
Common Stock	-0.84	-0.49	0.77	-0.94	-0.84	-0.22	0.72	0.83	-0.92	-0.92	-0.69	-0.87	-0.16	-0.85	-0.91	0.3	0.87	-0.73	-0.38	-0.91	-0.84	-0.27	-0.8	-0.79	-0.32

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Glory Star Account Relationship Matchups

Glory Star fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	79.7M	143.4M	195.2M	206.0M	327.6M	344.0M
Short Long Term Debt Total	2.7M	9.7M	6.4M	5.1M	5.9M	7.3M
Other Current Liab	8.3M	12.0M	2.8M	2.6M	2.4M	2.3M
Total Current Liabilities	15.7M	35.4M	34.6M	32.9M	46.2M	32.4M
Total Stockholder Equity	61.8M	104.8M	158.9M	172.4M	279.9M	293.9M
Property Plant And Equipment Net	2.4M	1.9M	1.5M	910K	462K	438.9K
Current Deferred Revenue	610K	609K	536K	147K	132.3K	125.7K
Net Debt	(4.2M)	(8.0M)	(70.9M)	(65.4M)	(58.8M)	(55.9M)
Retained Earnings	49.5M	78.6M	124.0M	150.7M	181.2M	97.1M
Accounts Payable	4.5M	7.9M	12.9M	6.4M	9.6M	6.6M
Cash	6.9M	17.7M	77.3M	70.5M	194.2M	203.9M
Non Current Assets Total	19.2M	40.3M	41.6M	22.1M	20.8M	25.1M
Non Currrent Assets Other	1.7M	1.3M	1.9M	808K	929.2K	975.7K
Cash And Short Term Investments	6.9M	19.5M	77.3M	70.5M	81.1M	85.1M
Net Receivables	51.1M	81.1M	63.1M	98.0M	81.2M	65.5M
Common Stock Shares Outstanding	46.5M	59.1M	65.4M	31.3M	10.0M	9.5M
Liabilities And Stockholders Equity	79.7M	143.4M	195.2M	206.0M	236.9M	130.2M
Non Current Liabilities Total	1.7M	2.8M	1.2M	557K	1.4M	1.9M
Inventory	7.0M	2.2M	(1.7M)	1.0	0.9	0.86
Other Current Assets	2.5M	2.5M	13.1M	15.3M	31.2M	32.7M
Other Stockholder Equity	11.8M	20.7M	26.9M	28.4M	32.7M	34.3M
Total Liab	17.5M	38.1M	35.7M	33.5M	47.6M	35.0M
Net Invested Capital	64.7M	112.7M	163.9M	176.8M	285.6M	299.8M
Short Long Term Debt	2.9M	6.6M	5.0M	4.4M	4.2M	4.4M
Total Current Assets	60.5M	103.1M	153.5M	183.8M	306.9M	322.2M
Accumulated Other Comprehensive Income	(1.1M)	5.5M	9.3M	(5.3M)	(6.1M)	(5.8M)
Net Working Capital	44.7M	67.8M	119.0M	150.9M	260.7M	273.7M
Short Term Debt	1.0M	6.9M	5.3M	4.6M	4.2M	4.5M

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Glory Long Term Debt vs Net Working Capital Analysis

Long Term Debt vs Net Working Capital

Long Term Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Working Capital

Glory Star fundamental ratios Correlations

Glory Star Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Glory Star fundamental ratios Accounts

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Additional Tools for Glory Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Total Stockholder Equity

Cash And Short Term Investments	- 0.98	Net Debt
Inventory	- 0.97	Net Receivables
Common Stock	- 0.94	Total Current Liabilities
Common Stock	- 0.92	Accounts Payable
Common Stock	- 0.92	Retained Earnings
Net Receivables	- 0.92	Other Current Liab