Golden Historical Balance Sheet
GDEN Stock | USD 33.19 0.03 0.09% |
Trend analysis of Golden Entertainment balance sheet accounts such as Other Current Liabilities of 85.6 M or Total Current Liabilities of 183.1 M provides information on Golden Entertainment's total assets, liabilities, and equity, which is the actual value of Golden Entertainment to its prevalent stockholders. By breaking down trends over time using Golden Entertainment 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 Golden Entertainment 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 Golden Entertainment is a good buy for the upcoming year.
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About Golden Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Golden Entertainment at a specified time, usually calculated after every quarter, six months, or one year. Golden Entertainment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Golden Entertainment 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 Golden currently owns. An asset can also be divided into two categories, current and non-current.
Golden Entertainment Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Golden Entertainment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Golden Entertainment books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Golden Entertainment balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Golden Entertainment 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.Most accounts from Golden Entertainment's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 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 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 Retained Earnings are very stable compared to the past year. As of the 16th of November 2024, Cash is likely to grow to about 165.4 M, while Short and Long Term Debt Total is likely to drop about 392.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.2B | 1.1B | 758.2M | 392.5M | Total Assets | 1.6B | 1.5B | 1.5B | 1.5B |
Golden Entertainment balance sheet Correlations
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Golden Entertainment Account Relationship Matchups
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Golden Entertainment balance sheet 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.