Golden Total Liab vs Property Plant And Equipment Net Analysis
GDEN Stock | USD 33.19 0.03 0.09% |
Golden Entertainment financial indicator trend analysis is much more than just examining Golden Entertainment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Entertainment is a good investment. Please check the relationship between Golden Entertainment Total Liab and its Property Plant And Equipment Net accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.
Total Liab vs Property Plant And Equipment Net
Total Liab vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Entertainment Total Liab account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have totally related.
The correlation between Golden Entertainment's Total Liab and Property Plant And Equipment Net is 1.0. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Golden Entertainment, assuming nothing else is changed. The correlation between historical values of Golden Entertainment's Total Liab and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Golden Entertainment are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Liab i.e., Golden Entertainment's Total Liab and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Golden Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.At this time, Golden Entertainment's Selling General Administrative is very stable compared to the past year. As of the 16th of November 2024, Tax Provision is likely to grow to about 84.5 M, while Issuance Of Capital Stock is likely to drop 6,650.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 513.2M | 504.5M | 475.5M | 499.3M | Total Revenue | 1.1B | 1.1B | 1.1B | 1.1B |
Golden Entertainment fundamental ratios Correlations
Click cells to compare fundamentals
Golden Entertainment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Golden Entertainment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.6B | 1.6B | 1.5B | 1.5B | 1.5B | |
Short Long Term Debt Total | 1.4B | 1.3B | 1.2B | 1.1B | 758.2M | 392.5M | |
Other Current Liab | 47.9M | 9.8M | 17.5M | 13.3M | 81.5M | 85.6M | |
Total Current Liabilities | 132.8M | 118.7M | 127.0M | 132.7M | 174.4M | 183.1M | |
Total Stockholder Equity | 289.7M | 161.3M | 319.5M | 352.9M | 537.7M | 564.6M | |
Property Plant And Equipment Net | 1.3B | 1.2B | 1.1B | 988.6M | 865.5M | 908.8M | |
Net Debt | 1.2B | 1.2B | 986.2M | 928.3M | 600.6M | 630.7M | |
Retained Earnings | (172.2M) | (309.7M) | (158.6M) | (127.4M) | 61.5M | 64.5M | |
Cash | 111.7M | 103.6M | 220.5M | 136.9M | 157.6M | 165.4M | |
Non Current Assets Total | 1.6B | 1.4B | 1.4B | 1.3B | 1.0B | 1.1B | |
Non Currrent Assets Other | 10.9M | 9.4M | 11.7M | 15.7M | 9.5M | 9.1M | |
Cash And Short Term Investments | 111.7M | 103.6M | 220.5M | 136.9M | 157.6M | 165.4M | |
Net Receivables | 16.2M | 13.7M | 18.7M | 20.5M | 17.0M | 11.4M | |
Common Stock Shares Outstanding | 27.7M | 28.1M | 32.1M | 31.5M | 30.8M | 19.3M | |
Liabilities And Stockholders Equity | 1.7B | 1.6B | 1.6B | 1.5B | 1.5B | 1.5B | |
Non Current Liabilities Total | 1.3B | 1.3B | 1.2B | 1.0B | 740.2M | 777.2M | |
Other Current Assets | 4.4M | 17.8M | 18.0M | 79.1M | 248.9M | 261.3M | |
Other Stockholder Equity | 461.6M | 470.7M | 477.8M | 480.1M | 476.0M | 294.0M | |
Total Liab | 1.5B | 1.4B | 1.3B | 1.2B | 914.6M | 960.3M | |
Property Plant And Equipment Gross | 1.3B | 1.2B | 1.5B | 1.5B | 1.4B | 1.4B | |
Total Current Assets | 160.4M | 140.7M | 263.9M | 244.6M | 409.4M | 429.9M | |
Intangible Assets | 135.2M | 106.1M | 98.1M | 89.6M | 53.9M | 66.4M | |
Accounts Payable | 30.1M | 20.2M | 19.1M | 25.2M | 18.7M | 19.6M | |
Other Assets | 10.9M | 190.0M | 11.7M | 27.5M | 24.8M | 25.0M | |
Long Term Debt | 1.1B | 1.1B | 1.0B | 900.5M | 658.5M | 439.9M | |
Short Term Debt | 42.4M | 82.6M | 81.4M | 85.0M | 32.1M | 25.7M | |
Property Plant Equipment | 1.0B | 975.8M | 904.2M | 988.6M | 1.1B | 1.2B | |
Other Liab | 3.7M | 3.8M | 3.5M | 605K | 544.5K | 517.3K | |
Current Deferred Revenue | 12.5M | 12.4M | 12.1M | 11.8M | 20.9M | 21.9M | |
Inventory | 8.2M | 5.6M | 6.6M | 8.1M | 8.1M | 5.5M | |
Net Tangible Assets | (29.7M) | (103.2M) | 47.1M | 105.0M | 94.5M | 48.2M | |
Retained Earnings Total Equity | (172.2M) | (309.7M) | (158.6M) | (127.4M) | (114.7M) | (120.4M) | |
Capital Surpluse | 461.6M | 470.7M | 477.8M | 480.1M | 552.1M | 377.5M | |
Deferred Long Term Liab | 1.1M | 1.5M | 1.9M | 53K | 61.0K | 57.9K |
Pair Trading with Golden Entertainment
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Entertainment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against Golden Stock
The ability to find closely correlated positions to Golden Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Entertainment to buy it.
The correlation of Golden Entertainment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Golden Entertainment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Hotels, Restaurants & Leisure 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 Golden Entertainment. If investors know Golden 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 Golden Entertainment 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 (0.98) | Dividend Share 0.75 | Earnings Share 1.31 | Revenue Per Share 25.663 | Quarterly Revenue Growth (0.37) |
The market value of Golden Entertainment is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Golden Entertainment'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 Golden Entertainment's market value can be influenced by many factors that don't directly affect Golden Entertainment'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 Golden Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Entertainment'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.