Tegna Non Operating Income Net Other vs Tax Provision Analysis
| TGNA Stock | USD 18.52 0.41 2.26% |
Tegna financial indicator trend analysis is much more than just breaking down Tegna Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tegna Inc is a good investment. Please check the relationship between Tegna Non Operating Income Net Other and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tegna Inc. 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.
Non Operating Income Net Other vs Tax Provision
Non Operating Income Net Other vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tegna Inc Non Operating Income Net Other account and Tax Provision. At this time, the significance of the direction appears to have no relationship.
The correlation between Tegna's Non Operating Income Net Other and Tax Provision is 0.0. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Tegna Inc, assuming nothing else is changed. The correlation between historical values of Tegna's Non Operating Income Net Other and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Tegna Inc are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Non Operating Income Net Other i.e., Tegna's Non Operating Income Net Other and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.0 |
| Relationship Direction | Flat |
| Relationship Strength | Insignificant |
Non Operating Income Net Other
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from Tegna's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tegna Inc 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 Tegna Inc. 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. At present, Tegna's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.17, whereas Discontinued Operations is forecasted to decline to about 3.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.6B | 1.1B | 1.0B | Total Revenue | 3.0B | 3.3B | 2.9B | 4.8B |
Tegna fundamental ratios Correlations
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Tegna Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tegna fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 7.0B | 6.8B | 6.9B | 7.3B | 7.0B | 8.3B | |
| Short Long Term Debt Total | 4.3B | 3.7B | 3.3B | 3.1B | 3.2B | 3.0B | |
| Other Current Liab | 309.3M | 290.0M | 278.8M | 280.3M | 290.5M | 393.4M | |
| Total Current Liabilities | 361.2M | 424.2M | 375.1M | 391.0M | 423.4M | 756.6M | |
| Total Stockholder Equity | 1.6B | 2.1B | 2.5B | 3.1B | 2.7B | 3.5B | |
| Property Plant And Equipment Net | 589.2M | 567.5M | 554.5M | 535.5M | 525.7M | 499.4M | |
| Net Debt | 4.3B | 3.6B | 3.3B | 2.6B | 2.8B | 2.9B | |
| Retained Earnings | 6.7B | 7.1B | 7.5B | 7.9B | 8.1B | 6.3B | |
| Accounts Payable | 51.9M | 58.0M | 73.0M | 76.2M | 115.0M | 166.3M | |
| Cash | 29.4M | 41.0M | 57.0M | 551.7M | 361.0M | 379.1M | |
| Non Current Assets Total | 6.2B | 6.2B | 6.1B | 6.0B | 5.9B | 7.3B | |
| Cash And Short Term Investments | 29.4M | 41.0M | 57.0M | 551.7M | 361.0M | 379.1M | |
| Net Receivables | 601.4M | 564.8M | 657.8M | 671.8M | 633.7M | 738.7M | |
| Good Will | 2.6B | 3.0B | 3.0B | 3.0B | 3.4B | 4.4B | |
| Common Stock Shares Outstanding | 218.0M | 219.7M | 222.5M | 224.5M | 207.9M | 213.2M | |
| Liabilities And Stockholders Equity | 7.0B | 6.8B | 6.9B | 7.3B | 7.0B | 8.3B | |
| Non Current Liabilities Total | 5.0B | 4.4B | 4.0B | 3.8B | 3.9B | 4.0B | |
| Inventory | 17.7M | 26.9M | 19.5M | 19.7M | 0.9 | 0.86 | |
| Other Current Assets | 49.6M | 66.8M | 72.8M | 80.2M | 55.5M | 79.2M | |
| Other Stockholder Equity | (5.2B) | (5.2B) | (5.2B) | (5.0B) | (5.6B) | (5.3B) | |
| Total Liab | 5.4B | 4.8B | 4.4B | 4.2B | 4.3B | 4.8B | |
| Property Plant And Equipment Gross | 589.2M | 567.5M | 1.1B | 1.1B | 1.2B | 1.3B | |
| Total Current Assets | 707.3M | 672.6M | 787.6M | 1.3B | 1.1B | 1.0B | |
| Accumulated Other Comprehensive Income | (142.6M) | (121.1M) | (97.2M) | (125.5M) | (119.6M) | (125.6M) | |
| Non Currrent Assets Other | 21.9M | 21.6M | 27.4M | (466.8M) | 67.9M | 79.2M | |
| Short Term Debt | 11.1M | 12.3M | 11.9M | 11.5M | 11.9M | 11.3M | |
| Intangible Assets | 2.6B | 2.5B | 2.4B | 2.4B | 2.3B | 2.5B | |
| Other Liab | 717.3M | 698.9M | 685.5M | 699.9M | 804.9M | 1.1B | |
| Other Assets | 85.2M | 233.4M | 86.4M | 89.3M | 80.4M | 76.4M | |
| Long Term Debt | 4.2B | 3.6B | 3.2B | 3.1B | 3.1B | 3.0B | |
| Treasury Stock | (5.6B) | (5.5B) | (5.3B) | (5.2B) | (4.7B) | (4.9B) | |
| Property Plant Equipment | 589.2M | 470.4M | 467.2M | 535.5M | 482.0M | 457.9M | |
| Retained Earnings Total Equity | 6.4B | 6.7B | 7.1B | 7.5B | 8.6B | 6.9B |
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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 Tegna Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tegna'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 Tegna Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tegna Inc Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tegna Inc. 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. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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 Tegna. If investors know Tegna 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 Tegna 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 0.861 | Dividend Share 0.478 | Earnings Share 2.86 | Revenue Per Share 16.9 | Quarterly Revenue Growth 0.131 |
The market value of Tegna Inc is measured differently than its book value, which is the value of Tegna that is recorded on the company's balance sheet. Investors also form their own opinion of Tegna's value that differs from its market value or its book value, called intrinsic value, which is Tegna'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 Tegna's market value can be influenced by many factors that don't directly affect Tegna'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 Tegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tegna'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.