Gray Net Income vs Ebit Analysis

GTN Stock

USD 4.36 0.15 3.56%

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

To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gray Television Net Income account and Ebit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Gray Television's Net Income and Ebit is 0.77. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Gray Television, assuming nothing else is changed. The correlation between historical values of Gray Television's Net Income and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Gray Television are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Income i.e., Gray Television's Net Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Gray Television financial statement analysis. It represents the amount of money remaining after all of Gray Television operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Ebit

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

To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.At this time, Gray Television's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 70.9 M, while Sales General And Administrative To Revenue is likely to drop 0.03.

	2021	2022	2023	2024 (projected)
Interest Expense	205M	354M	440M	462M
Depreciation And Amortization	221M	336M	339M	356.0M

Interest Expense Depreciation And Amortization

Gray Television fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		1.0	0.96	1.0	0.98	0.97	0.99	0.96	0.83	0.08	1.0	-0.15	0.08	0.93	0.61	1.0	0.63	0.94	0.15	1.0	0.89	0.6	-0.03	1.0	0.9	0.8
Short Long Term Debt Total	1.0		0.94	1.0	0.96	0.97	0.99	0.95	0.86	0.06	1.0	-0.15	0.06	0.92	0.6	1.0	0.63	0.94	0.12	1.0	0.89	0.58	0.0	0.99	0.89	0.78
Other Current Liab	0.96	0.94		0.95	0.95	0.94	0.95	0.92	0.78	-0.01	0.96	-0.19	-0.01	0.89	0.54	0.95	0.58	0.89	0.19	0.95	0.87	0.51	-0.31	0.97	0.84	0.75
Total Current Liabilities	1.0	1.0	0.95		0.97	0.98	0.99	0.95	0.83	0.05	1.0	-0.17	0.05	0.91	0.6	1.0	0.59	0.92	0.14	1.0	0.91	0.57	-0.02	0.99	0.9	0.78
Total Stockholder Equity	0.98	0.96	0.95	0.97		0.94	0.94	0.98	0.75	0.22	0.97	-0.11	0.22	0.92	0.65	0.96	0.6	0.89	0.21	0.96	0.85	0.68	-0.07	0.97	0.92	0.83
Property Plant And Equipment Net	0.97	0.97	0.94	0.98	0.94		0.98	0.94	0.77	-0.07	0.98	-0.17	-0.07	0.84	0.48	0.97	0.47	0.89	0.11	0.97	0.96	0.43	-0.06	0.97	0.86	0.69
Net Debt	0.99	0.99	0.95	0.99	0.94	0.98		0.93	0.87	-0.05	0.99	-0.19	-0.05	0.91	0.55	1.0	0.6	0.94	0.1	1.0	0.9	0.49	-0.04	0.99	0.85	0.73
Retained Earnings	0.96	0.95	0.92	0.95	0.98	0.94	0.93		0.76	0.17	0.95	-0.12	0.17	0.88	0.52	0.94	0.55	0.9	0.22	0.94	0.87	0.63	-0.06	0.94	0.87	0.75
Accounts Payable	0.83	0.86	0.78	0.83	0.75	0.77	0.87	0.76		-0.08	0.83	-0.4	-0.08	0.9	0.49	0.86	0.75	0.91	0.08	0.85	0.61	0.51	-0.01	0.84	0.62	0.64
Cash	0.08	0.06	-0.01	0.05	0.22	-0.07	-0.05	0.17	-0.08		0.01	0.34	1.0	0.17	0.5	0.04	0.28	0.05	0.28	0.04	-0.15	0.78	0.33	0.02	0.3	0.44
Non Current Assets Total	1.0	1.0	0.96	1.0	0.97	0.98	0.99	0.95	0.83	0.01		-0.16	0.01	0.91	0.57	1.0	0.59	0.93	0.13	1.0	0.91	0.54	-0.05	1.0	0.89	0.76
Non Currrent Assets Other	-0.15	-0.15	-0.19	-0.17	-0.11	-0.17	-0.19	-0.12	-0.4	0.34	-0.16		0.34	-0.35	-0.1	-0.17	-0.23	-0.3	0.14	-0.17	-0.02	-0.04	0.16	-0.19	0.01	-0.12
Cash And Short Term Investments	0.08	0.06	-0.01	0.05	0.22	-0.07	-0.05	0.17	-0.08	1.0	0.01	0.34		0.17	0.5	0.04	0.28	0.05	0.28	0.04	-0.15	0.78	0.33	0.02	0.3	0.44
Net Receivables	0.93	0.92	0.89	0.91	0.92	0.84	0.91	0.88	0.9	0.17	0.91	-0.35	0.17		0.7	0.92	0.8	0.94	0.14	0.92	0.67	0.73	-0.07	0.93	0.8	0.84
Common Stock Shares Outstanding	0.61	0.6	0.54	0.6	0.65	0.48	0.55	0.52	0.49	0.5	0.57	-0.1	0.5	0.7		0.59	0.59	0.52	0.12	0.59	0.33	0.81	0.25	0.59	0.68	0.94
Non Current Liabilities Total	1.0	1.0	0.95	1.0	0.96	0.97	1.0	0.94	0.86	0.04	1.0	-0.17	0.04	0.92	0.59		0.64	0.94	0.12	1.0	0.89	0.57	-0.02	0.99	0.88	0.77
Inventory	0.63	0.63	0.58	0.59	0.6	0.47	0.6	0.55	0.75	0.28	0.59	-0.23	0.28	0.8	0.59	0.64		0.77	-0.05	0.63	0.28	0.72	-0.07	0.64	0.49	0.64
Other Current Assets	0.94	0.94	0.89	0.92	0.89	0.89	0.94	0.9	0.91	0.05	0.93	-0.3	0.05	0.94	0.52	0.94	0.77		0.1	0.94	0.77	0.61	-0.1	0.94	0.75	0.71
Other Stockholder Equity	0.15	0.12	0.19	0.14	0.21	0.11	0.1	0.22	0.08	0.28	0.13	0.14	0.28	0.14	0.12	0.12	-0.05	0.1		0.12	0.09	0.27	-0.12	0.12	0.13	0.2
Total Liab	1.0	1.0	0.95	1.0	0.96	0.97	1.0	0.94	0.85	0.04	1.0	-0.17	0.04	0.92	0.59	1.0	0.63	0.94	0.12		0.89	0.57	-0.02	0.99	0.88	0.78
Property Plant And Equipment Gross	0.89	0.89	0.87	0.91	0.85	0.96	0.9	0.87	0.61	-0.15	0.91	-0.02	-0.15	0.67	0.33	0.89	0.28	0.77	0.09	0.89		0.25	-0.06	0.89	0.81	0.56
Total Current Assets	0.6	0.58	0.51	0.57	0.68	0.43	0.49	0.63	0.51	0.78	0.54	-0.04	0.78	0.73	0.81	0.57	0.72	0.61	0.27	0.57	0.25		0.19	0.56	0.66	0.84
Short Term Debt	-0.03	0.0	-0.31	-0.02	-0.07	-0.06	-0.04	-0.06	-0.01	0.33	-0.05	0.16	0.33	-0.07	0.25	-0.02	-0.07	-0.1	-0.12	-0.02	-0.06	0.19		-0.1	0.12	0.11
Intangible Assets	1.0	0.99	0.97	0.99	0.97	0.97	0.99	0.94	0.84	0.02	1.0	-0.19	0.02	0.93	0.59	0.99	0.64	0.94	0.12	0.99	0.89	0.56	-0.1		0.88	0.78
Common Stock Total Equity	0.9	0.89	0.84	0.9	0.92	0.86	0.85	0.87	0.62	0.3	0.89	0.01	0.3	0.8	0.68	0.88	0.49	0.75	0.13	0.88	0.81	0.66	0.12	0.88		0.83
Common Stock	0.8	0.78	0.75	0.78	0.83	0.69	0.73	0.75	0.64	0.44	0.76	-0.12	0.44	0.84	0.94	0.77	0.64	0.71	0.2	0.78	0.56	0.84	0.11	0.78	0.83

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Gray Television Account Relationship Matchups

Gray Television fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	7.6B	11.1B	11.2B	10.6B	11.2B
Short Long Term Debt Total	3.7B	4.0B	6.8B	6.5B	6.2B	6.6B
Other Current Liab	220M	189M	268M	280M	274M	287.7M
Total Current Liabilities	246M	255M	384M	409M	395M	414.8M
Total Stockholder Equity	2.1B	2.4B	2.4B	2.8B	2.6B	2.8B
Property Plant And Equipment Net	775M	794M	1.2B	1.5B	1.7B	1.8B
Net Debt	3.5B	3.3B	6.6B	6.5B	6.2B	6.5B
Retained Earnings	504M	862M	869M	1.2B	1.1B	1.1B
Accounts Payable	11M	10M	59M	55M	23M	24.2M
Cash	212M	773M	189M	61M	21M	20.0M
Non Current Assets Total	6.3B	6.3B	10.1B	10.3B	10.3B	10.8B
Non Currrent Assets Other	(113M)	(46M)	(32M)	(1.4B)	164M	172.2M
Cash And Short Term Investments	212M	773M	189M	61M	21M	20.0M
Net Receivables	411M	446M	645M	672M	363M	381.2M
Common Stock Shares Outstanding	100M	97M	95M	93M	92M	50.2M
Liabilities And Stockholders Equity	7.0B	7.6B	11.1B	11.2B	10.6B	11.2B
Non Current Liabilities Total	4.6B	5.0B	8.3B	8.0B	7.6B	8.0B
Inventory	24M	61M	94M	43M	18M	11.6M
Other Current Assets	25M	85M	129M	124M	84M	88.2M
Other Stockholder Equity	(133M)	(214M)	(251M)	(309M)	(314M)	(298.3M)
Total Liab	4.9B	5.2B	8.7B	8.4B	8.0B	8.4B
Property Plant And Equipment Gross	775M	794M	1.2B	1.5B	2.5B	2.6B
Total Current Assets	672M	1.3B	963M	857M	468M	269.6M
Accumulated Other Comprehensive Income	(31M)	(39M)	(27M)	(12M)	(23M)	(24.2M)
Short Term Debt	6M	14M	33M	35M	37M	25.8M
Intangible Assets	4.0B	4.0B	6.1B	6.0B	5.7B	6.0B
Common Stock Total Equity	1.1B	1.1B	1.2B	1.2B	1.4B	1.4B
Common Stock	1.1B	1.1B	1.2B	1.2B	1.2B	677.6M
Other Liab	868M	960M	1.5B	1.5B	1.7B	1.8B
Other Assets	29M	39M	16M	19M	(131M)	(124.5M)
Long Term Debt	7M	4.0B	6.7B	6.4B	6.1B	6.5B
Good Will	1.4B	1.5B	2.6B	2.7B	2.6B	2.8B
Treasury Stock	(133M)	(214M)	(251M)	(309M)	(278.1M)	(264.2M)
Property Plant Equipment	725M	737M	1.2B	1.5B	1.7B	1.8B
Current Deferred Revenue	9M	22M	14M	24M	39M	41.0M
Retained Earnings Total Equity	504M	862M	869M	1.2B	1.4B	1.5B
Net Tangible Assets	2.1B	2.4B	(6.4B)	2.8B	3.2B	3.3B
Long Term Debt Total	7M	4.0B	6.7B	6.4B	7.4B	7.8B

When determining whether Gray Television offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gray Television's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gray Television Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gray Television Stock:

How To Invest In Gray

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Is Gray Stock a good investment?

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What is Gray Television's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gray Television. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.

You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Is Broadcasting space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gray Television. If investors know Gray will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gray Television listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

10.164

Dividend Share

0.32

Earnings Share

1.5

Revenue Per Share

36.743

Quarterly Revenue Growth

0.183

The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gray Television's market value can be influenced by many factors that don't directly affect Gray Television's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Gray Net Income vs Ebit Analysis

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

Correlation Coefficient

Net Income

Ebit

Gray Television fundamental ratios Correlations

Gray Television Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gray Television fundamental ratios Accounts

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets

Non Currrent Assets Other	- 0.4	Accounts Payable
Net Receivables	- 0.35	Non Currrent Assets Other
Short Term Debt	- 0.31	Other Current Liab
Other Current Assets	- 0.3	Non Currrent Assets Other
Inventory	- 0.23	Non Currrent Assets Other
Intangible Assets	- 0.19	Non Currrent Assets Other