Skycity Cash And Short Term Investments vs Total Assets Analysis

SKC Stock

1.31 0.03 2.24%

Skycity Entertainment financial indicator trend analysis is much more than just breaking down Skycity Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skycity Entertainment is a good investment. Please check the relationship between Skycity Entertainment Cash And Short Term Investments and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skycity Entertainment Group. 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.

Cash And Short Term Investments vs Total Assets

Cash And Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skycity Entertainment Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Skycity Entertainment's Cash And Short Term Investments and Total Assets is 0.46. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Skycity Entertainment Group, assuming nothing else is changed. The correlation between historical values of Skycity Entertainment's Cash And Short Term Investments and Total 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 Cash And Short Term Investments of Skycity Entertainment Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., Skycity Entertainment's Cash And Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Skycity Entertainment balance sheet. This account contains Skycity Entertainment investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Skycity Entertainment Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Assets

Total assets refers to the total amount of Skycity Entertainment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Skycity Entertainment books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Skycity Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skycity Entertainment 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skycity Entertainment Group. 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.

Tax Provision is likely to gain to about 182.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 287.8 M in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	535.2M	724.0M	861.0M	557.9M
Interest Expense	37.5M	29.9M	22.2M	38.9M

Other Operating Expenses Interest Expense

Skycity Entertainment 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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	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	Common Stock	Non Currrent Assets Other
Total Assets		0.18	0.73	0.28	0.96	0.95	-0.57	0.31	0.5	-0.11	0.44	0.74	0.46	0.51	0.87	0.96	0.7	0.7	0.45	-0.5	0.67	0.71	0.77	0.0	0.99	-0.01
Short Long Term Debt Total	0.18		-0.24	-0.32	0.12	0.24	-0.34	0.69	0.16	-0.26	0.08	-0.35	-0.16	-0.01	0.03	0.16	0.3	0.56	0.31	-0.2	-0.42	0.11	-0.06	0.91	0.09	-0.1
Other Current Liab	0.73	-0.24		0.69	0.69	0.72	-0.25	0.0	0.15	0.0	0.45	0.88	0.62	0.31	0.86	0.73	0.43	0.25	0.47	-0.08	0.9	0.77	0.78	-0.33	0.73	0.22
Total Current Liabilities	0.28	-0.32	0.69		0.27	0.33	0.4	-0.11	-0.15	-0.03	0.13	0.54	0.3	0.24	0.53	0.25	-0.2	-0.27	0.22	0.31	0.58	0.54	0.44	-0.18	0.3	0.26
Total Stockholder Equity	0.96	0.12	0.69	0.27		0.89	-0.46	0.29	0.68	-0.06	0.42	0.77	0.47	0.65	0.8	0.96	0.55	0.61	0.39	-0.53	0.66	0.7	0.87	-0.09	0.97	0.09
Property Plant And Equipment Net	0.95	0.24	0.72	0.33	0.89		-0.51	0.42	0.33	-0.14	0.48	0.7	0.49	0.4	0.83	0.94	0.64	0.72	0.47	-0.36	0.64	0.77	0.73	0.06	0.94	0.16
Current Deferred Revenue	-0.57	-0.34	-0.25	0.4	-0.46	-0.51		-0.42	-0.17	0.31	-0.18	-0.24	-0.11	-0.1	-0.51	-0.57	-0.84	-0.85	-0.2	0.53	-0.22	-0.36	-0.2	-0.16	-0.5	0.18
Net Debt	0.31	0.69	0.0	-0.11	0.29	0.42	-0.42		0.19	-0.39	-0.13	-0.1	-0.27	0.31	0.2	0.35	0.16	0.58	0.49	-0.35	-0.16	0.3	0.17	0.58	0.26	0.3
Retained Earnings	0.5	0.16	0.15	-0.15	0.68	0.33	-0.17	0.19		0.11	0.24	0.31	0.23	0.64	0.21	0.51	0.11	0.3	0.18	-0.54	0.14	0.18	0.63	-0.07	0.52	0.0
Accounts Payable	-0.11	-0.26	0.0	-0.03	-0.06	-0.14	0.31	-0.39	0.11		0.05	0.0	0.06	0.07	-0.13	-0.07	-0.03	-0.4	0.0	0.11	0.01	-0.03	0.09	-0.45	-0.09	-0.05
Cash	0.44	0.08	0.45	0.13	0.42	0.48	-0.18	-0.13	0.24	0.05		0.32	0.94	-0.21	0.36	0.4	0.37	0.44	0.11	0.04	0.3	0.47	0.48	-0.14	0.41	0.14
Non Current Assets Total	0.74	-0.35	0.88	0.54	0.77	0.7	-0.24	-0.1	0.31	0.0	0.32		0.56	0.46	0.75	0.74	0.42	0.23	0.26	-0.27	0.98	0.59	0.79	-0.45	0.8	0.11
Cash And Short Term Investments	0.46	-0.16	0.62	0.3	0.47	0.49	-0.11	-0.27	0.23	0.06	0.94	0.56		-0.11	0.44	0.44	0.33	0.3	0.08	0.06	0.55	0.51	0.59	-0.34	0.47	0.19
Net Receivables	0.51	-0.01	0.31	0.24	0.65	0.4	-0.1	0.31	0.64	0.07	-0.21	0.46	-0.11		0.47	0.59	0.06	0.11	0.18	-0.57	0.33	0.48	0.68	-0.13	0.56	0.24
Common Stock Total Equity	0.87	0.03	0.86	0.53	0.8	0.83	-0.51	0.2	0.21	-0.13	0.36	0.75	0.44	0.47		0.85	0.62	0.54	0.33	-0.3	0.73	0.88	0.7	-0.07	0.84	0.05
Common Stock Shares Outstanding	0.96	0.16	0.73	0.25	0.96	0.94	-0.57	0.35	0.51	-0.07	0.4	0.74	0.44	0.59	0.85		0.65	0.66	0.41	-0.45	0.66	0.78	0.81	-0.06	0.97	0.18
Non Current Liabilities Total	0.7	0.3	0.43	-0.2	0.55	0.64	-0.84	0.16	0.11	-0.03	0.37	0.42	0.33	0.06	0.62	0.65		0.75	0.29	-0.5	0.42	0.45	0.33	0.09	0.63	-0.27
Inventory	0.7	0.56	0.25	-0.27	0.61	0.72	-0.85	0.58	0.3	-0.4	0.44	0.23	0.3	0.11	0.54	0.66	0.75		0.25	-0.5	0.17	0.47	0.32	0.37	0.63	-0.09
Other Current Assets	0.45	0.31	0.47	0.22	0.39	0.47	-0.2	0.49	0.18	0.0	0.11	0.26	0.08	0.18	0.33	0.41	0.29	0.25		-0.22	0.26	0.3	0.46	0.17	0.39	0.19
Other Stockholder Equity	-0.5	-0.2	-0.08	0.31	-0.53	-0.36	0.53	-0.35	-0.54	0.11	0.04	-0.27	0.06	-0.57	-0.3	-0.45	-0.5	-0.5	-0.22		-0.19	-0.13	-0.42	-0.02	-0.49	0.04
Total Liab	0.67	-0.42	0.9	0.58	0.66	0.64	-0.22	-0.16	0.14	0.01	0.3	0.98	0.55	0.33	0.73	0.66	0.42	0.17	0.26	-0.19		0.56	0.7	-0.48	0.72	0.1
Property Plant And Equipment Gross	0.71	0.11	0.77	0.54	0.7	0.77	-0.36	0.3	0.18	-0.03	0.47	0.59	0.51	0.48	0.88	0.78	0.45	0.47	0.3	-0.13	0.56		0.74	-0.06	0.69	0.35
Total Current Assets	0.77	-0.06	0.78	0.44	0.87	0.73	-0.2	0.17	0.63	0.09	0.48	0.79	0.59	0.68	0.7	0.81	0.33	0.32	0.46	-0.42	0.7	0.74		-0.3	0.8	0.35
Short Term Debt	0.0	0.91	-0.33	-0.18	-0.09	0.06	-0.16	0.58	-0.07	-0.45	-0.14	-0.45	-0.34	-0.13	-0.07	-0.06	0.09	0.37	0.17	-0.02	-0.48	-0.06	-0.3		-0.08	-0.23
Common Stock	0.99	0.09	0.73	0.3	0.97	0.94	-0.5	0.26	0.52	-0.09	0.41	0.8	0.47	0.56	0.84	0.97	0.63	0.63	0.39	-0.49	0.72	0.69	0.8	-0.08		0.03
Non Currrent Assets Other	-0.01	-0.1	0.22	0.26	0.09	0.16	0.18	0.3	0.0	-0.05	0.14	0.11	0.19	0.24	0.05	0.18	-0.27	-0.09	0.19	0.04	0.1	0.35	0.35	-0.23	0.03

Click cells to compare fundamentals

Skycity Entertainment Account Relationship Matchups

Skycity Entertainment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.6B	2.7B	2.9B	2.8B	2.0B
Short Long Term Debt Total	618.2M	604.3M	650.5M	691.4M	730.9M	568.3M
Other Current Liab	193.6M	161.1M	144.2M	232.2M	206.3M	216.6M
Total Current Liabilities	640.4M	250.9M	268.9M	347.5M	506.3M	531.6M
Total Stockholder Equity	1.3B	1.5B	1.6B	1.5B	1.3B	838.8M
Property Plant And Equipment Net	1.5B	1.4B	1.6B	1.8B	1.9B	1.2B
Current Deferred Revenue	145.4M	14.8M	21.9M	39.8M	7.5M	7.1M
Net Debt	545.7M	519.2M	601.8M	446.4M	670.4M	481.9M
Retained Earnings	168.0M	299.5M	235.2M	197.6M	(31.1M)	(29.6M)
Accounts Payable	18.1M	27.5M	21.1M	23.6M	20.8M	20.5M
Cash	50.7M	46.5M	48.7M	245.0M	60.5M	80.9M
Non Current Assets Total	2.4B	2.3B	2.4B	2.5B	2.6B	1.7B
Cash And Short Term Investments	50.7M	46.5M	48.7M	245.0M	60.5M	80.5M
Net Receivables	87.7M	171.9M	225.0M	8.0M	68.0M	44.8M
Common Stock Shares Outstanding	664.9M	759.7M	760.2M	758.1M	758.7M	624.0M
Liabilities And Stockholders Equity	2.6B	2.6B	2.7B	2.9B	2.8B	2.0B
Non Current Liabilities Total	626.3M	819.3M	903.5M	985.8M	970.9M	902.4M
Inventory	6.2M	6.7M	7.5M	8.6M	8.4M	6.6M
Other Current Assets	60.1M	35.2M	44.8M	57.0M	52.3M	36.0M
Other Stockholder Equity	(33.3M)	(23.0M)	(151.0M)	(10.4M)	(2.0)	(1.9)
Total Liab	1.3B	1.1B	1.2B	1.3B	1.5B	1.1B
Property Plant And Equipment Gross	1.6B	2.3B	2.3B	2.6B	2.8B	2.9B
Total Current Assets	204.7M	260.2M	326.0M	318.5M	189.2M	163.7M
Accumulated Other Comprehensive Income	(31.2M)	(21.4M)	(4.4M)	(10.4M)	(7.5M)	(7.8M)
Short Term Debt	283.3M	47.5M	81.6M	48.9M	244.4M	153.2M
Common Stock	1.2B	1.2B	1.3B	1.3B	1.3B	778.2M
Non Currrent Assets Other	(35.2M)	(33.3M)	43.5M	25.9M	550K	577.5K
Good Will	34.3M	35.2M	33.3M	35.8M	32.2M	30.6M
Intangible Assets	607.3M	583.6M	588.1M	530.8M	508.8M	445.8M
Long Term Debt	282.7M	441.0M	451.4M	525.7M	368.4M	362.1M
Long Term Investments	72.4M	124.4M	161.9M	152.0M	78.8M	86.5M
Short Long Term Debt	302.5M	48.0M	78M	45.8M	241.1M	186.6M
Long Term Debt Total	508.5M	495.9M	334.9M	556.8M	501.1M	374.1M
Property Plant Equipment	1.6B	1.5B	1.6B	1.8B	2.0B	1.6B
Other Liab	310.5M	321.1M	334.6M	337.6M	303.9M	380.5M
Net Tangible Assets	785.1M	1.0B	947.4M	963.6M	1.1B	663.5M
Non Current Liabilities Other	215.0M	885.4M	220.0M	262.4M	246.4M	353.7M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Skycity Stock Analysis

When running Skycity Entertainment's price analysis, check to measure Skycity Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skycity Entertainment is operating at the current time. Most of Skycity Entertainment's value examination focuses on studying past and present price action to predict the probability of Skycity Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skycity Entertainment's price. Additionally, you may evaluate how the addition of Skycity Entertainment to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC