Evolution Total Assets vs Long Term Debt Analysis

0RQ6 Stock

977.60 3.39 0.35%

Evolution Gaming financial indicator trend analysis is much more than just examining Evolution Gaming latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evolution Gaming is a good investment. Please check the relationship between Evolution Gaming Total Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Evolution Gaming Group. 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.

Total Assets vs Long Term Debt

Total Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evolution Gaming Total Assets account and Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Evolution Gaming's Total Assets and Long Term Debt is -0.61. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Evolution Gaming Group, assuming nothing else is changed. The correlation between historical values of Evolution Gaming's Total Assets and Long Term Debt 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 Assets of Evolution Gaming Group are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Assets i.e., Evolution Gaming's Total Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Total Assets

Total assets refers to the total amount of Evolution Gaming 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 Evolution Gaming 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.

Long Term Debt

Long-term debt is a debt that Evolution Gaming has held for over one year. Long-term debt appears on Evolution Gaming Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Evolution Gaming Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Evolution Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evolution Gaming 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Evolution Gaming Group. 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.

Tax Provision is likely to gain to about 17 M in 2024, whereas Selling General Administrative is likely to drop slightly above 106.3 M in 2024.

	2019	2020	2023	2024 (projected)
Interest Income	173K	1.0M	1.2M	1.2M
Tax Provision	7.5M	14.1M	16.2M	17.0M

Interest Income Tax Provision

Evolution Gaming fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will
Total Assets		0.99	0.96	0.96	1.0	0.76	0.92	0.91	0.91	-0.61	0.9	0.94	1.0	0.85	0.91	-0.71	1.0	0.88	1.0	0.95	0.9	0.89	1.0
Short Long Term Debt Total	0.99		0.96	0.96	0.99	0.79	0.92	0.92	0.9	-0.61	0.94	0.94	0.99	0.85	0.9	-0.71	1.0	0.89	0.99	0.95	0.9	0.88	0.99
Other Current Liab	0.96	0.96		1.0	0.96	0.85	0.87	0.93	0.95	-0.44	0.96	0.89	0.96	0.81	0.97	-0.7	0.96	0.95	0.96	0.96	0.97	0.84	0.96
Total Current Liabilities	0.96	0.96	1.0		0.96	0.86	0.88	0.92	0.95	-0.44	0.96	0.9	0.96	0.82	0.97	-0.71	0.96	0.96	0.96	0.96	0.97	0.85	0.96
Total Stockholder Equity	1.0	0.99	0.96	0.96		0.76	0.92	0.91	0.91	-0.61	0.9	0.94	1.0	0.85	0.92	-0.71	1.0	0.88	1.0	0.95	0.9	0.89	1.0
Net Tangible Assets	0.76	0.79	0.85	0.86	0.76		0.88	0.66	0.85	-0.47	0.84	0.87	0.76	0.88	0.91	-0.88	0.78	0.96	0.76	0.86	0.95	0.87	0.76
Retained Earnings	0.92	0.92	0.87	0.88	0.92	0.88		0.73	0.87	-0.76	0.8	1.0	0.91	0.99	0.89	-0.92	0.92	0.91	0.91	0.92	0.91	0.99	0.91
Accounts Payable	0.91	0.92	0.93	0.92	0.91	0.66	0.73		0.78	-0.4	0.91	0.77	0.91	0.65	0.83	-0.5	0.92	0.78	0.91	0.87	0.82	0.66	0.91
Other Assets	0.91	0.9	0.95	0.95	0.91	0.85	0.87	0.78		-0.4	0.89	0.87	0.91	0.81	0.96	-0.71	0.91	0.96	0.91	0.93	0.95	0.88	0.91
Long Term Debt	-0.61	-0.61	-0.44	-0.44	-0.61	-0.47	-0.76	-0.4	-0.4		-0.39	-0.75	-0.6	-0.78	-0.44	0.68	-0.62	-0.45	-0.61	-0.62	-0.46	-0.74	-0.6
Cash And Short Term Investments	0.9	0.94	0.96	0.96	0.9	0.84	0.8	0.91	0.89	-0.39		0.83	0.9	0.74	0.89	-0.6	0.92	0.9	0.89	0.9	0.92	0.76	0.89
Net Receivables	0.94	0.94	0.89	0.9	0.94	0.87	1.0	0.77	0.87	-0.75	0.83		0.93	0.98	0.9	-0.9	0.94	0.91	0.93	0.94	0.92	0.98	0.93
Capital Surpluse	1.0	0.99	0.96	0.96	1.0	0.76	0.91	0.91	0.91	-0.6	0.9	0.93		0.85	0.92	-0.71	1.0	0.88	1.0	0.95	0.9	0.89	1.0
Inventory	0.85	0.85	0.81	0.82	0.85	0.88	0.99	0.65	0.81	-0.78	0.74	0.98	0.85		0.85	-0.96	0.86	0.88	0.85	0.88	0.88	0.98	0.85
Other Current Assets	0.91	0.9	0.97	0.97	0.92	0.91	0.89	0.83	0.96	-0.44	0.89	0.9	0.92	0.85		-0.79	0.91	0.99	0.92	0.96	0.99	0.88	0.92
Other Stockholder Equity	-0.71	-0.71	-0.7	-0.71	-0.71	-0.88	-0.92	-0.5	-0.71	0.68	-0.6	-0.9	-0.71	-0.96	-0.79		-0.71	-0.83	-0.71	-0.76	-0.82	-0.93	-0.71
Total Liab	1.0	1.0	0.96	0.96	1.0	0.78	0.92	0.92	0.91	-0.62	0.92	0.94	1.0	0.86	0.91	-0.71		0.89	1.0	0.95	0.9	0.89	0.99
Total Current Assets	0.88	0.89	0.95	0.96	0.88	0.96	0.91	0.78	0.96	-0.45	0.9	0.91	0.88	0.88	0.99	-0.83	0.89		0.88	0.94	1.0	0.9	0.88
Intangible Assets	1.0	0.99	0.96	0.96	1.0	0.76	0.91	0.91	0.91	-0.61	0.89	0.93	1.0	0.85	0.92	-0.71	1.0	0.88		0.95	0.9	0.89	1.0
Common Stock	0.95	0.95	0.96	0.96	0.95	0.86	0.92	0.87	0.93	-0.62	0.9	0.94	0.95	0.88	0.96	-0.76	0.95	0.94	0.95		0.95	0.9	0.95
Property Plant Equipment	0.9	0.9	0.97	0.97	0.9	0.95	0.91	0.82	0.95	-0.46	0.92	0.92	0.9	0.88	0.99	-0.82	0.9	1.0	0.9	0.95		0.89	0.9
Other Liab	0.89	0.88	0.84	0.85	0.89	0.87	0.99	0.66	0.88	-0.74	0.76	0.98	0.89	0.98	0.88	-0.93	0.89	0.9	0.89	0.9	0.89		0.89
Good Will	1.0	0.99	0.96	0.96	1.0	0.76	0.91	0.91	0.91	-0.6	0.89	0.93	1.0	0.85	0.92	-0.71	0.99	0.88	1.0	0.95	0.9	0.89

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Evolution Gaming Account Relationship Matchups

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GM	General Motors
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Additional Tools for Evolution Stock Analysis

When running Evolution Gaming's price analysis, check to measure Evolution Gaming'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 Evolution Gaming is operating at the current time. Most of Evolution Gaming's value examination focuses on studying past and present price action to predict the probability of Evolution Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolution Gaming's price. Additionally, you may evaluate how the addition of Evolution Gaming to your portfolios can decrease your overall portfolio volatility.

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Evolution Total Assets vs Long Term Debt Analysis

Total Assets vs Long Term Debt

Total Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Assets

Long Term Debt

Evolution Gaming fundamental ratios Correlations

Evolution Gaming Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Capital Surpluse	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total

Other Stockholder Equity	- 0.96	Inventory
Other Liab	- 0.93	Other Stockholder Equity
Other Stockholder Equity	- 0.92	Retained Earnings
Other Stockholder Equity	- 0.9	Net Receivables
Other Stockholder Equity	- 0.88	Net Tangible Assets
Total Current Assets	- 0.83	Other Stockholder Equity