Gray Accounts Payable vs Other Current Assets Analysis
| GTNA Stock | USD 7.27 0.35 4.59% |
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 Accounts Payable and its Other Current Assets 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 board of governors. For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.
Accounts Payable vs Other Current Assets
Accounts Payable vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gray Television Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Gray Television's Accounts Payable and Other Current Assets is 0.28. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets 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 Accounts Payable and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Gray Television are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Gray Television's Accounts Payable and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.28 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Gray Television obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Gray Television are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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 board of governors. For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.At present, Gray Television's Enterprise Value Over EBITDA is projected to drop based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 11.72, whereas Selling General Administrative is forecasted to decline to about 64.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 803M | 1.4B | 1.6B | 1.7B | Total Revenue | 2.4B | 3.7B | 4.2B | 4.4B |
Gray Television fundamental ratios Correlations
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Gray Television Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gray Television fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 7.0B | 7.6B | 11.1B | 11.2B | 12.8B | 13.5B | |
| Short Long Term Debt Total | 1.8B | 2.6B | 3.7B | 4.0B | 4.6B | 4.8B | |
| Total Current Liabilities | 246M | 255M | 384M | 409M | 470.4M | 493.9M | |
| Total Stockholder Equity | 1.5B | 2.4B | 2.4B | 2.8B | 3.2B | 3.3B | |
| Retained Earnings | 504M | 862M | 869M | 1.2B | 1.4B | 1.5B | |
| Cash | 212M | 773M | 189M | 61M | 70.2M | 66.6M | |
| Cash And Short Term Investments | 212M | 773M | 189M | 61M | 70.2M | 66.6M | |
| Net Receivables | 411M | 425M | 624M | 650M | 747.5M | 784.9M | |
| Good Will | 1.4B | 1.5B | 2.6B | 2.7B | 3.1B | 3.2B | |
| Common Stock Shares Outstanding | 100M | 95.2M | 95.0M | 93.0M | 107.0M | 67.4M | |
| Liabilities And Stockholders Equity | 7.0B | 7.6B | 11.1B | 11.2B | 12.8B | 13.5B | |
| Other Current Assets | 49M | 24M | 35M | 27M | 31.1M | 19.3M | |
| Other Stockholder Equity | 898.3M | (39M) | (27M) | (12M) | (13.8M) | (14.5M) | |
| Total Liab | 5.5B | 5.2B | 8.7B | 8.4B | 9.6B | 10.1B | |
| Total Current Assets | 672M | 1.3B | 963M | 857M | 985.6M | 1.0B | |
| Intangible Assets | 460M | 4.0B | 6.1B | 6.0B | 6.9B | 7.2B | |
| Common Stock | 92.7M | 1.1B | 1.2B | 1.2B | 1.4B | 1.4B | |
| Other Assets | 27M | 39M | 16M | 19M | 17.1M | 16.2M | |
| Long Term Debt | 3.7B | 4.0B | 6.7B | 6.4B | 7.4B | 3.9B | |
| Long Term Debt Total | 3.7B | 4.0B | 6.7B | 6.4B | 7.4B | 3.9B | |
| Treasury Stock | (97.8M) | (133M) | (214M) | (251M) | (225.9M) | (214.6M) | |
| Property Plant Equipment | 777M | 794M | 1.2B | 1.5B | 1.8B | 1.9B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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: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 board of governors. For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Movies & Entertainment 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.
Earnings Share 2.3178 | Return On Equity 0.1103 |
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.