Gray Non Current Liabilities Total vs Other Current Liab 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 Non Current Liabilities Total and its Other Current Liab 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.

Non Current Liabilities Total vs Other Current Liab

Non Current Liabilities Total vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gray Television Non Current Liabilities Total account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gray Television's Non Current Liabilities Total and Other Current Liab is 0.59. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Liab 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 Non Current Liabilities Total and Other Current Liab 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 Current Liabilities Total of Gray Television are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Current Liabilities Total i.e., Gray Television's Non Current Liabilities Total and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Liabilities Total

Other Current Liab

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 Profit803M1.4B1.6B1.7B
Total Revenue2.4B3.7B4.2B4.4B

Gray Television fundamental ratios Correlations

0.970.60.740.980.90.960.970.770.080.960.061.00.99-0.70.710.95-0.40.240.31.00.840.950.80.610.96
0.970.550.710.960.930.990.950.820.250.990.220.950.93-0.690.780.99-0.430.230.420.960.90.870.720.660.99
0.60.550.440.640.320.520.630.540.280.610.260.60.58-0.370.520.59-0.140.260.220.590.640.530.490.540.61
0.740.710.440.70.620.730.690.42-0.120.68-0.130.730.73-0.590.460.67-0.370.010.220.740.510.730.580.350.66
0.980.960.640.70.880.941.00.80.190.950.160.980.97-0.680.680.94-0.330.150.220.970.890.950.840.630.95
0.90.930.320.620.880.950.870.740.040.910.020.910.89-0.810.620.89-0.310.240.40.90.740.840.60.510.92
0.960.990.520.730.940.950.930.80.170.990.140.950.93-0.760.750.97-0.420.250.460.950.850.870.670.610.98
0.970.950.630.691.00.870.930.80.150.940.130.970.97-0.680.650.92-0.290.120.220.960.860.940.820.620.93
0.770.820.540.420.80.740.80.80.420.830.40.760.73-0.520.790.83-0.220.280.420.740.840.650.540.860.82
0.080.250.28-0.120.190.040.170.150.420.241.00.02-0.020.250.450.29-0.15-0.020.110.030.61-0.040.250.50.24
0.960.990.610.680.950.910.990.940.830.240.220.950.93-0.70.80.99-0.430.320.480.950.90.860.70.670.99
0.060.220.26-0.130.160.020.140.130.41.00.220.0-0.050.280.440.27-0.15-0.030.10.010.59-0.060.240.480.22
1.00.950.60.730.980.910.950.970.760.020.950.01.0-0.740.670.93-0.360.230.291.00.810.960.780.580.95
0.990.930.580.730.970.890.930.970.73-0.020.93-0.051.0-0.730.640.91-0.350.220.240.990.780.970.790.560.93
-0.7-0.69-0.37-0.59-0.68-0.81-0.76-0.68-0.520.25-0.70.28-0.74-0.73-0.36-0.640.07-0.22-0.32-0.71-0.44-0.74-0.33-0.22-0.69
0.710.780.520.460.680.620.750.650.790.450.80.440.670.64-0.360.82-0.730.410.540.710.790.540.50.840.81
0.950.990.590.670.940.890.970.920.830.290.990.270.930.91-0.640.82-0.470.350.490.940.910.830.70.690.99
-0.4-0.43-0.14-0.37-0.33-0.31-0.42-0.29-0.22-0.15-0.43-0.15-0.36-0.350.07-0.73-0.47-0.27-0.31-0.42-0.38-0.3-0.37-0.46-0.47
0.240.230.260.010.150.240.250.120.28-0.020.32-0.030.230.22-0.220.410.35-0.270.560.240.190.11-0.040.280.32
0.30.420.220.220.220.40.460.220.420.110.480.10.290.24-0.320.540.49-0.310.560.310.270.03-0.240.340.47
1.00.960.590.740.970.90.950.960.740.030.950.011.00.99-0.710.710.94-0.420.240.310.810.950.780.60.96
0.840.90.640.510.890.740.850.860.840.610.90.590.810.78-0.440.790.91-0.380.190.270.810.740.780.750.9
0.950.870.530.730.950.840.870.940.65-0.040.86-0.060.960.97-0.740.540.83-0.30.110.030.950.740.860.470.86
0.80.720.490.580.840.60.670.820.540.250.70.240.780.79-0.330.50.7-0.37-0.04-0.240.780.780.860.50.7
0.610.660.540.350.630.510.610.620.860.50.670.480.580.56-0.220.840.69-0.460.280.340.60.750.470.50.68
0.960.990.610.660.950.920.980.930.820.240.990.220.950.93-0.690.810.99-0.470.320.470.960.90.860.70.68
Click cells to compare fundamentals

Gray Television Account Relationship Matchups

Gray Television fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0B7.6B11.1B11.2B12.8B13.5B
Short Long Term Debt Total1.8B2.6B3.7B4.0B4.6B4.8B
Total Current Liabilities246M255M384M409M470.4M493.9M
Total Stockholder Equity1.5B2.4B2.4B2.8B3.2B3.3B
Retained Earnings504M862M869M1.2B1.4B1.5B
Cash212M773M189M61M70.2M66.6M
Cash And Short Term Investments212M773M189M61M70.2M66.6M
Net Receivables411M425M624M650M747.5M784.9M
Good Will1.4B1.5B2.6B2.7B3.1B3.2B
Common Stock Shares Outstanding100M95.2M95.0M93.0M107.0M67.4M
Liabilities And Stockholders Equity7.0B7.6B11.1B11.2B12.8B13.5B
Other Current Assets49M24M35M27M31.1M19.3M
Other Stockholder Equity898.3M(39M)(27M)(12M)(13.8M)(14.5M)
Total Liab5.5B5.2B8.7B8.4B9.6B10.1B
Total Current Assets672M1.3B963M857M985.6M1.0B
Intangible Assets460M4.0B6.1B6.0B6.9B7.2B
Common Stock92.7M1.1B1.2B1.2B1.4B1.4B
Other Assets27M39M16M19M17.1M16.2M
Long Term Debt3.7B4.0B6.7B6.4B7.4B3.9B
Long Term Debt Total3.7B4.0B6.7B6.4B7.4B3.9B
Treasury Stock(97.8M)(133M)(214M)(251M)(225.9M)(214.6M)
Property Plant Equipment777M794M1.2B1.5B1.8B1.9B

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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 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:
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.