Skillz Historical Balance Sheet
SKLZ Stock | USD 5.07 0.56 9.95% |
Trend analysis of Skillz Platform balance sheet accounts such as Other Assets of 2.5 M, Common Stock Shares Outstanding of 19.8 M, Other Current Assets of 8.2 M or Total Current Assets of 320.8 M provides information on Skillz Platform's total assets, liabilities, and equity, which is the actual value of Skillz Platform to its prevalent stockholders. By breaking down trends over time using Skillz Platform balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Skillz Platform latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Skillz Platform is a good buy for the upcoming year.
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About Skillz Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Skillz Platform at a specified time, usually calculated after every quarter, six months, or one year. Skillz Platform Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Skillz Platform and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Skillz currently owns. An asset can also be divided into two categories, current and non-current.
Skillz Platform Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Skillz Platform balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Skillz Platform are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents Skillz Platform obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Skillz Platform are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most accounts from Skillz Platform's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Skillz Platform current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Skillz Platform. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.At this time, Skillz Platform's Total Liabilities is fairly stable compared to the past year. Net Invested Capital is likely to rise to about 451.3 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 36.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 86.8M | 49.5M | 54.8M | 47.5M | Other Current Liabilities | 64.7M | 45.7M | 51.8M | 36.5M |
Skillz Platform balance sheet Correlations
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Skillz Platform Account Relationship Matchups
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Skillz Platform balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 7.5M | 25.3M | 64.7M | 45.7M | 51.8M | 36.5M | |
Total Current Liabilities | 10.5M | 47.4M | 86.8M | 49.5M | 54.8M | 47.5M | |
Net Tangible Assets | 18.7M | 235.0M | 457.7M | 278.4M | 320.2M | 200.5M | |
Retained Earnings | (90.3M) | (215.3M) | (419.7M) | (873.1M) | (979.8M) | (930.8M) | |
Accounts Payable | 2.9M | 22.0M | 19.8M | 1.7M | 1.7M | 1.6M | |
Other Assets | 116K | 3.9M | 3.5M | 3.8M | 4.3M | 2.5M | |
Other Current Assets | 4.4M | 10.5M | 16.7M | 4.7M | 6.4M | 8.2M | |
Total Current Assets | 35.1M | 273.2M | 590.6M | 501.7M | 324.4M | 320.8M | |
Common Stock | 29K | 37K | 40K | 41K | 47.2K | 34.7K | |
Property Plant Equipment | 3.6M | 5.3M | 24.5M | 3.5M | 4.0M | 3.8M |
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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.Additional Tools for Skillz Stock Analysis
When running Skillz Platform's price analysis, check to measure Skillz Platform's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.