Champion Net Working Capital vs Short Long Term Debt Analysis

Stocks . Canada . 
Stock . Champion Gaming Group
WAGR Stock   0.01  0.00  0.00%   
Champion Gaming financial indicator trend analysis is way more than just evaluating Champion Gaming Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Champion Gaming Group is a good investment. Please check the relationship between Champion Gaming Net Working Capital and its Short Long Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming 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 metropolitan statistical area.

Net Working Capital vs Short Long Term Debt

Net Working Capital vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Champion Gaming Group Net Working Capital account and Short Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Champion Gaming's Net Working Capital and Short Long Term Debt is -0.98. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Champion Gaming Group, assuming nothing else is changed. The correlation between historical values of Champion Gaming's Net Working Capital and Short Long Term Debt 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 Working Capital of Champion Gaming Group are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Working Capital i.e., Champion Gaming's Net Working Capital and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.98
Relationship DirectionNegative 
Relationship StrengthSignificant

Net Working Capital

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
Most indicators from Champion Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Champion Gaming Group 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Champion Gaming 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 metropolitan statistical area.
Selling General Administrative is likely to drop to about 1.8 M in 2024. Issuance Of Capital Stock is likely to drop to about 666.2 K in 2024
 2021 2022 2023 2024 (projected)
Gross Profit1.8M1.1M641.1K1.0M
Total Revenue2.0M1.3M909.7K1.2M

Champion Gaming fundamental ratios Correlations

Other Current Liab
Total Current Liabilities
Other Liab
Net Tangible Assets
Retained Earnings
Accounts Payable
Net Receivables
Total Current Assets
Common Stock
Property Plant Equipment
Total Assets
Total Stockholder Equity
Property Plant And Equipment Net
Cash
Non Current Assets Total
Common Stock Shares Outstanding
Other Stockholder Equity
Total Liab
Net Invested Capital
Property Plant And Equipment Gross
Capital Stock
Net Working Capital
Short Long Term Debt
Net Debt
Long Term Debt
Other Current Liab
0.77-0.37-0.97-0.890.73-0.96-0.71.01.00.45-0.650.570.330.570.65-0.370.81-0.650.610.84-0.670.64-0.37-0.37
Total Current Liabilities
0.77-0.77-0.81-0.951.0-0.83-0.760.770.760.2-0.950.50.040.50.88-0.770.93-0.940.550.93-0.950.97-0.77-0.77
Other Liab
-0.37-0.770.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.741.0-0.520.68-0.35-0.550.68-0.791.01.0
Net Tangible Assets
-0.97-0.810.490.92-0.770.990.73-0.97-0.97-0.450.68-0.63-0.33-0.63-0.610.49-0.770.67-0.67-0.830.69-0.680.490.49
Retained Earnings
-0.89-0.950.60.92-0.930.920.71-0.89-0.89-0.40.87-0.63-0.25-0.63-0.770.6-0.930.86-0.68-0.960.88-0.860.60.6
Accounts Payable
0.731.0-0.79-0.77-0.93-0.8-0.790.730.730.11-0.970.42-0.050.420.9-0.790.92-0.960.480.9-0.970.99-0.79-0.79
Net Receivables
-0.96-0.830.550.990.92-0.80.79-0.96-0.96-0.360.72-0.57-0.23-0.57-0.660.55-0.780.71-0.6-0.820.73-0.730.550.55
Total Current Assets
-0.7-0.760.610.730.71-0.790.79-0.69-0.690.280.830.010.410.01-0.740.61-0.680.83-0.04-0.560.82-0.820.610.61
Common Stock
1.00.77-0.37-0.97-0.890.73-0.96-0.691.00.45-0.650.580.330.580.64-0.370.81-0.640.610.84-0.670.64-0.37-0.37
Property Plant Equipment
1.00.76-0.36-0.97-0.890.73-0.96-0.691.00.45-0.650.580.330.580.64-0.360.8-0.640.610.84-0.660.63-0.36-0.36
Total Assets
0.450.20.03-0.45-0.40.11-0.360.280.450.450.070.930.990.93-0.040.030.240.090.910.480.04-0.050.030.03
Total Stockholder Equity
-0.65-0.950.680.680.87-0.970.720.83-0.65-0.650.07-0.220.23-0.22-0.880.68-0.911.0-0.28-0.821.0-0.980.680.68
Property Plant And Equipment Net
0.570.5-0.32-0.63-0.630.42-0.570.010.580.580.93-0.220.861.00.22-0.320.44-0.211.00.68-0.250.27-0.32-0.32
Cash
0.330.040.16-0.33-0.25-0.05-0.230.410.330.330.990.230.860.86-0.20.160.080.250.840.330.2-0.220.160.16
Non Current Assets Total
0.570.5-0.32-0.63-0.630.42-0.570.010.580.580.93-0.221.00.860.22-0.320.44-0.211.00.68-0.250.27-0.32-0.32
Common Stock Shares Outstanding
0.650.88-0.74-0.61-0.770.9-0.66-0.740.640.64-0.04-0.880.22-0.20.22-0.740.88-0.870.270.81-0.870.91-0.74-0.74
Other Stockholder Equity
-0.37-0.771.00.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.74-0.520.68-0.35-0.550.68-0.791.01.0
Total Liab
0.810.93-0.52-0.77-0.930.92-0.78-0.680.810.80.24-0.910.440.080.440.88-0.52-0.910.50.96-0.920.89-0.52-0.52
Net Invested Capital
-0.65-0.940.680.670.86-0.960.710.83-0.64-0.640.091.0-0.210.25-0.21-0.870.68-0.91-0.27-0.811.0-0.980.680.68
Property Plant And Equipment Gross
0.610.55-0.35-0.67-0.680.48-0.6-0.040.610.610.91-0.281.00.841.00.27-0.350.5-0.270.72-0.310.33-0.35-0.35
Capital Stock
0.840.93-0.55-0.83-0.960.9-0.82-0.560.840.840.48-0.820.680.330.680.81-0.550.96-0.810.72-0.840.82-0.55-0.55
Net Working Capital
-0.67-0.950.680.690.88-0.970.730.82-0.67-0.660.041.0-0.250.2-0.25-0.870.68-0.921.0-0.31-0.84-0.980.680.68
Short Long Term Debt
0.640.97-0.79-0.68-0.860.99-0.73-0.820.640.63-0.05-0.980.27-0.220.270.91-0.790.89-0.980.330.82-0.98-0.79-0.79
Net Debt
-0.37-0.771.00.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.741.0-0.520.68-0.35-0.550.68-0.791.0
Long Term Debt
-0.37-0.771.00.490.6-0.790.550.61-0.37-0.360.030.68-0.320.16-0.32-0.741.0-0.520.68-0.35-0.550.68-0.791.0
Click cells to compare fundamentals

Champion Gaming Account Relationship Matchups

High Positive Relationship

Common Stock
+ 1.0
Other Current Liab
Property Plant Equipment
+ 1.0
Other Current Liab
Accounts Payable
+ 1.0
Total Current Liabilities
Other Stockholder Equity
+ 1.0
Other Liab
Net Debt
+ 1.0
Other Liab
Long Term Debt
+ 1.0
Other Liab

High Negative Relationship

Short Long Term Debt
- 0.98
Net Working Capital
Short Long Term Debt
- 0.98
Net Invested Capital
Short Long Term Debt
- 0.98
Total Stockholder Equity
Net Working Capital
- 0.97
Accounts Payable
Total Stockholder Equity
- 0.97
Accounts Payable
Property Plant Equipment
- 0.97
Net Tangible Assets

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