Gray Net Debt vs Current Deferred Revenue Analysis

GTNA Stock

USD 6.87 0.48 6.53%

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 Net Debt and its Current Deferred Revenue 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.

Net Debt vs Current Deferred Revenue

Net Debt vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gray Television Net Debt account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Gray Television's Net Debt and Current Deferred Revenue is 0.95. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Current Deferred Revenue 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 Net Debt and Current Deferred Revenue 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 Debt of Gray Television are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Debt i.e., Gray Television's Net Debt and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

Gross Profit Total Revenue

Gray Television fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Term Investments	Property Plant And Equipment Net
Total Assets		0.97	0.6	0.74	0.98	0.9	0.96	0.97	0.77	0.08	0.96	0.06	1.0	0.99	-0.7	0.71	0.95	-0.4	0.24	0.3	1.0	0.84	0.95	0.8	0.61	0.96
Short Long Term Debt Total	0.97		0.55	0.71	0.96	0.93	0.99	0.95	0.82	0.25	0.99	0.22	0.95	0.93	-0.69	0.78	0.99	-0.43	0.23	0.42	0.96	0.9	0.87	0.72	0.66	0.99
Other Current Liab	0.6	0.55		0.44	0.64	0.32	0.52	0.63	0.54	0.28	0.61	0.26	0.6	0.58	-0.37	0.52	0.59	-0.14	0.26	0.22	0.59	0.64	0.53	0.49	0.54	0.61
Total Current Liabilities	0.74	0.71	0.44		0.7	0.62	0.73	0.69	0.42	-0.12	0.68	-0.13	0.73	0.73	-0.59	0.46	0.67	-0.37	0.01	0.22	0.74	0.51	0.73	0.58	0.35	0.66
Total Stockholder Equity	0.98	0.96	0.64	0.7		0.88	0.94	1.0	0.8	0.19	0.95	0.16	0.98	0.97	-0.68	0.68	0.94	-0.33	0.15	0.22	0.97	0.89	0.95	0.84	0.63	0.95
Current Deferred Revenue	0.9	0.93	0.32	0.62	0.88		0.95	0.87	0.74	0.04	0.91	0.02	0.91	0.89	-0.81	0.62	0.89	-0.31	0.24	0.4	0.9	0.74	0.84	0.6	0.51	0.92
Net Debt	0.96	0.99	0.52	0.73	0.94	0.95		0.93	0.8	0.17	0.99	0.14	0.95	0.93	-0.76	0.75	0.97	-0.42	0.25	0.46	0.95	0.85	0.87	0.67	0.61	0.98
Retained Earnings	0.97	0.95	0.63	0.69	1.0	0.87	0.93		0.8	0.15	0.94	0.13	0.97	0.97	-0.68	0.65	0.92	-0.29	0.12	0.22	0.96	0.86	0.94	0.82	0.62	0.93
Accounts Payable	0.77	0.82	0.54	0.42	0.8	0.74	0.8	0.8		0.42	0.83	0.4	0.76	0.73	-0.52	0.79	0.83	-0.22	0.28	0.42	0.74	0.84	0.65	0.54	0.86	0.82
Cash	0.08	0.25	0.28	-0.12	0.19	0.04	0.17	0.15	0.42		0.24	1.0	0.02	-0.02	0.25	0.45	0.29	-0.15	-0.02	0.11	0.03	0.61	-0.04	0.25	0.5	0.24
Non Current Assets Total	0.96	0.99	0.61	0.68	0.95	0.91	0.99	0.94	0.83	0.24		0.22	0.95	0.93	-0.7	0.8	0.99	-0.43	0.32	0.48	0.95	0.9	0.86	0.7	0.67	0.99
Cash And Short Term Investments	0.06	0.22	0.26	-0.13	0.16	0.02	0.14	0.13	0.4	1.0	0.22		0.0	-0.05	0.28	0.44	0.27	-0.15	-0.03	0.1	0.01	0.59	-0.06	0.24	0.48	0.22
Net Receivables	1.0	0.95	0.6	0.73	0.98	0.91	0.95	0.97	0.76	0.02	0.95	0.0		1.0	-0.74	0.67	0.93	-0.36	0.23	0.29	1.0	0.81	0.96	0.78	0.58	0.95
Good Will	0.99	0.93	0.58	0.73	0.97	0.89	0.93	0.97	0.73	-0.02	0.93	-0.05	1.0		-0.73	0.64	0.91	-0.35	0.22	0.24	0.99	0.78	0.97	0.79	0.56	0.93
Common Stock Total Equity	-0.7	-0.69	-0.37	-0.59	-0.68	-0.81	-0.76	-0.68	-0.52	0.25	-0.7	0.28	-0.74	-0.73		-0.36	-0.64	0.07	-0.22	-0.32	-0.71	-0.44	-0.74	-0.33	-0.22	-0.69
Common Stock Shares Outstanding	0.71	0.78	0.52	0.46	0.68	0.62	0.75	0.65	0.79	0.45	0.8	0.44	0.67	0.64	-0.36		0.82	-0.73	0.41	0.54	0.71	0.79	0.54	0.5	0.84	0.81
Non Current Liabilities Total	0.95	0.99	0.59	0.67	0.94	0.89	0.97	0.92	0.83	0.29	0.99	0.27	0.93	0.91	-0.64	0.82		-0.47	0.35	0.49	0.94	0.91	0.83	0.7	0.69	0.99
Inventory	-0.4	-0.43	-0.14	-0.37	-0.33	-0.31	-0.42	-0.29	-0.22	-0.15	-0.43	-0.15	-0.36	-0.35	0.07	-0.73	-0.47		-0.27	-0.31	-0.42	-0.38	-0.3	-0.37	-0.46	-0.47
Other Current Assets	0.24	0.23	0.26	0.01	0.15	0.24	0.25	0.12	0.28	-0.02	0.32	-0.03	0.23	0.22	-0.22	0.41	0.35	-0.27		0.56	0.24	0.19	0.11	-0.04	0.28	0.32
Other Stockholder Equity	0.3	0.42	0.22	0.22	0.22	0.4	0.46	0.22	0.42	0.11	0.48	0.1	0.29	0.24	-0.32	0.54	0.49	-0.31	0.56		0.31	0.27	0.03	-0.24	0.34	0.47
Total Liab	1.0	0.96	0.59	0.74	0.97	0.9	0.95	0.96	0.74	0.03	0.95	0.01	1.0	0.99	-0.71	0.71	0.94	-0.42	0.24	0.31		0.81	0.95	0.78	0.6	0.96
Total Current Assets	0.84	0.9	0.64	0.51	0.89	0.74	0.85	0.86	0.84	0.61	0.9	0.59	0.81	0.78	-0.44	0.79	0.91	-0.38	0.19	0.27	0.81		0.74	0.78	0.75	0.9
Intangible Assets	0.95	0.87	0.53	0.73	0.95	0.84	0.87	0.94	0.65	-0.04	0.86	-0.06	0.96	0.97	-0.74	0.54	0.83	-0.3	0.11	0.03	0.95	0.74		0.86	0.47	0.86
Common Stock	0.8	0.72	0.49	0.58	0.84	0.6	0.67	0.82	0.54	0.25	0.7	0.24	0.78	0.79	-0.33	0.5	0.7	-0.37	-0.04	-0.24	0.78	0.78	0.86		0.5	0.7
Short Term Investments	0.61	0.66	0.54	0.35	0.63	0.51	0.61	0.62	0.86	0.5	0.67	0.48	0.58	0.56	-0.22	0.84	0.69	-0.46	0.28	0.34	0.6	0.75	0.47	0.5		0.68
Property Plant And Equipment Net	0.96	0.99	0.61	0.66	0.95	0.92	0.98	0.93	0.82	0.24	0.99	0.22	0.95	0.93	-0.69	0.81	0.99	-0.47	0.32	0.47	0.96	0.9	0.86	0.7	0.68

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Gray Television Account Relationship Matchups

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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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:

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Is Gray Stock a good investment?

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What is Gray Television's Net Worth?

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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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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.

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Gray Net Debt vs Current Deferred Revenue Analysis

Net Debt vs Current Deferred Revenue

Net Debt vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Net Debt

Current Deferred Revenue

Gray Television fundamental ratios Correlations

Gray Television Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gray Television fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Net Receivables
Total Liab	+ 1.0	Net Receivables

Common Stock Total Equity	- 0.81	Current Deferred Revenue
Common Stock Total Equity	- 0.76	Net Debt
Intangible Assets	- 0.74	Common Stock Total Equity
Common Stock Total Equity	- 0.74	Net Receivables
Inventory	- 0.73	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.73	Good Will