Gray Capex To Depreciation vs Free Cash Flow Yield Analysis

GTN-A Stock

USD 7.69 1.39 22.06%

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 Capex To Depreciation and its Free Cash Flow Yield 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gray Television Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Gray Television's Capex To Depreciation and Free Cash Flow Yield is 0.51. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield 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 Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Gray Television are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Gray Television's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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 Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 12.13, whereas Tax Provision is projected to grow to (5.7 M).

	2021	2022	2023	2024 (projected)
Interest Expense	205M	354M	440M	462M
Depreciation And Amortization	221M	336M	339M	356.0M

Interest Expense Depreciation And Amortization

Gray Television fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Good Will
Total Assets		1.0	0.96	1.0	0.98	0.97	0.99	0.96	0.83	0.08	1.0	-0.15	0.08	0.93	0.61	1.0	0.63	0.94	0.15	1.0	0.61	-0.03	1.0	0.8	0.85	0.99
Short Long Term Debt Total	1.0		0.94	1.0	0.96	0.97	0.99	0.95	0.86	0.06	1.0	-0.15	0.06	0.92	0.6	1.0	0.64	0.94	0.12	1.0	0.58	0.0	0.99	0.78	0.84	0.99
Other Current Liab	0.96	0.94		0.95	0.95	0.94	0.95	0.92	0.78	-0.01	0.96	-0.19	-0.01	0.89	0.54	0.95	0.58	0.89	0.19	0.95	0.52	-0.31	0.97	0.75	0.83	0.96
Total Current Liabilities	1.0	1.0	0.95		0.97	0.98	0.99	0.95	0.83	0.05	1.0	-0.17	0.05	0.91	0.6	1.0	0.59	0.92	0.14	1.0	0.57	-0.02	0.99	0.78	0.86	0.99
Total Stockholder Equity	0.98	0.96	0.95	0.97		0.94	0.94	0.98	0.75	0.22	0.97	-0.11	0.22	0.92	0.65	0.96	0.6	0.89	0.21	0.96	0.68	-0.07	0.97	0.83	0.83	0.95
Property Plant And Equipment Net	0.97	0.97	0.94	0.98	0.94		0.98	0.94	0.77	-0.07	0.98	-0.17	-0.07	0.84	0.48	0.97	0.47	0.89	0.11	0.97	0.43	-0.06	0.97	0.69	0.93	0.99
Net Debt	0.99	0.99	0.95	0.99	0.94	0.98		0.93	0.87	-0.05	0.99	-0.19	-0.05	0.91	0.55	1.0	0.61	0.94	0.1	1.0	0.5	-0.04	0.99	0.73	0.85	1.0
Retained Earnings	0.96	0.95	0.92	0.95	0.98	0.94	0.93		0.76	0.17	0.95	-0.12	0.17	0.88	0.52	0.94	0.55	0.9	0.22	0.94	0.63	-0.06	0.94	0.75	0.86	0.95
Accounts Payable	0.83	0.86	0.78	0.83	0.75	0.77	0.87	0.76		-0.08	0.83	-0.4	-0.08	0.9	0.49	0.86	0.75	0.91	0.08	0.85	0.51	-0.01	0.84	0.64	0.53	0.84
Cash	0.08	0.06	-0.01	0.05	0.22	-0.07	-0.05	0.17	-0.08		0.01	0.34	1.0	0.17	0.5	0.04	0.28	0.05	0.28	0.04	0.78	0.33	0.02	0.44	-0.1	-0.03
Non Current Assets Total	1.0	1.0	0.96	1.0	0.97	0.98	0.99	0.95	0.83	0.01		-0.16	0.01	0.91	0.57	1.0	0.6	0.93	0.13	1.0	0.54	-0.05	1.0	0.76	0.87	1.0
Non Currrent Assets Other	-0.15	-0.15	-0.19	-0.17	-0.11	-0.17	-0.19	-0.12	-0.4	0.34	-0.16		0.34	-0.35	-0.1	-0.17	-0.23	-0.3	0.14	-0.17	-0.04	0.16	-0.19	-0.12	-0.05	-0.18
Cash And Short Term Investments	0.08	0.06	-0.01	0.05	0.22	-0.07	-0.05	0.17	-0.08	1.0	0.01	0.34		0.17	0.5	0.04	0.28	0.05	0.28	0.04	0.78	0.33	0.02	0.44	-0.1	-0.03
Net Receivables	0.93	0.92	0.89	0.91	0.92	0.84	0.91	0.88	0.9	0.17	0.91	-0.35	0.17		0.7	0.92	0.8	0.94	0.14	0.92	0.74	-0.07	0.93	0.84	0.63	0.9
Common Stock Shares Outstanding	0.61	0.6	0.54	0.6	0.65	0.48	0.55	0.52	0.49	0.5	0.57	-0.1	0.5	0.7		0.59	0.59	0.52	0.12	0.59	0.81	0.25	0.59	0.94	0.28	0.52
Non Current Liabilities Total	1.0	1.0	0.95	1.0	0.96	0.97	1.0	0.94	0.86	0.04	1.0	-0.17	0.04	0.92	0.59		0.64	0.94	0.12	1.0	0.57	-0.02	0.99	0.77	0.84	0.99
Inventory	0.63	0.64	0.58	0.59	0.6	0.47	0.61	0.55	0.75	0.28	0.6	-0.23	0.28	0.8	0.59	0.64		0.77	-0.05	0.64	0.72	-0.07	0.64	0.64	0.29	0.6
Other Current Assets	0.94	0.94	0.89	0.92	0.89	0.89	0.94	0.9	0.91	0.05	0.93	-0.3	0.05	0.94	0.52	0.94	0.77		0.1	0.94	0.61	-0.1	0.94	0.71	0.76	0.94
Other Stockholder Equity	0.15	0.12	0.19	0.14	0.21	0.11	0.1	0.22	0.08	0.28	0.13	0.14	0.28	0.14	0.12	0.12	-0.05	0.1		0.12	0.27	-0.12	0.12	0.2	0.02	0.12
Total Liab	1.0	1.0	0.95	1.0	0.96	0.97	1.0	0.94	0.85	0.04	1.0	-0.17	0.04	0.92	0.59	1.0	0.64	0.94	0.12		0.57	-0.02	0.99	0.78	0.84	0.99
Total Current Assets	0.61	0.58	0.52	0.57	0.68	0.43	0.5	0.63	0.51	0.78	0.54	-0.04	0.78	0.74	0.81	0.57	0.72	0.61	0.27	0.57		0.19	0.56	0.84	0.27	0.51
Short Term Debt	-0.03	0.0	-0.31	-0.02	-0.07	-0.06	-0.04	-0.06	-0.01	0.33	-0.05	0.16	0.33	-0.07	0.25	-0.02	-0.07	-0.1	-0.12	-0.02	0.19		-0.1	0.11	-0.11	-0.08
Intangible Assets	1.0	0.99	0.97	0.99	0.97	0.97	0.99	0.94	0.84	0.02	1.0	-0.19	0.02	0.93	0.59	0.99	0.64	0.94	0.12	0.99	0.56	-0.1		0.78	0.85	0.99
Common Stock	0.8	0.78	0.75	0.78	0.83	0.69	0.73	0.75	0.64	0.44	0.76	-0.12	0.44	0.84	0.94	0.77	0.64	0.71	0.2	0.78	0.84	0.11	0.78		0.51	0.73
Current Deferred Revenue	0.85	0.84	0.83	0.86	0.83	0.93	0.85	0.86	0.53	-0.1	0.87	-0.05	-0.1	0.63	0.28	0.84	0.29	0.76	0.02	0.84	0.27	-0.11	0.85	0.51		0.87
Good Will	0.99	0.99	0.96	0.99	0.95	0.99	1.0	0.95	0.84	-0.03	1.0	-0.18	-0.03	0.9	0.52	0.99	0.6	0.94	0.12	0.99	0.51	-0.08	0.99	0.73	0.87

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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	10.6B	11.2B
Short Long Term Debt Total	3.7B	4.0B	6.8B	6.5B	6.2B	6.6B
Other Current Liab	220M	189M	268M	280M	274M	287.7M
Total Current Liabilities	246M	255M	384M	409M	395M	414.8M
Total Stockholder Equity	2.1B	2.4B	2.4B	2.8B	2.6B	2.8B
Property Plant And Equipment Net	775M	794M	1.2B	1.5B	1.7B	1.8B
Net Debt	3.5B	3.3B	6.6B	6.5B	6.2B	6.5B
Retained Earnings	504M	862M	869M	1.2B	1.1B	1.1B
Accounts Payable	11M	10M	59M	55M	23M	24.2M
Cash	212M	773M	189M	61M	21M	20.0M
Non Current Assets Total	6.3B	6.3B	10.1B	10.3B	10.3B	10.8B
Non Currrent Assets Other	(113M)	(46M)	(32M)	(1.4B)	164M	172.2M
Cash And Short Term Investments	212M	773M	189M	61M	21M	20.0M
Net Receivables	411M	446M	645M	672M	363M	381.2M
Common Stock Shares Outstanding	100M	97M	95M	93M	92M	50.2M
Liabilities And Stockholders Equity	7.0B	7.6B	11.1B	11.2B	10.6B	11.2B
Non Current Liabilities Total	4.6B	5.0B	8.3B	8.0B	7.6B	8.0B
Inventory	24M	61M	94M	43M	18M	12.3M
Other Current Assets	25M	85M	129M	124M	84M	88.2M
Other Stockholder Equity	(133M)	(214M)	(251M)	(309M)	(314M)	(298.3M)
Total Liab	4.9B	5.2B	8.7B	8.4B	8.0B	8.4B
Total Current Assets	672M	1.3B	963M	857M	468M	285.8M
Accumulated Other Comprehensive Income	(31M)	(39M)	(27M)	(12M)	(23M)	(24.2M)
Short Term Debt	6M	14M	33M	35M	37M	25.8M
Intangible Assets	4.0B	4.0B	6.1B	6.0B	5.7B	6.0B
Common Stock	1.1B	1.1B	1.2B	1.2B	1.2B	677.6M
Current Deferred Revenue	9M	22M	14M	24M	39M	41.0M
Good Will	1.4B	1.5B	2.6B	2.7B	2.6B	2.8B
Common Stock Total Equity	1.1B	1.1B	1.2B	1.2B	1.4B	806.3M
Property Plant And Equipment Gross	311M	794M	1.2B	1.5B	2.5B	2.6B
Net Tangible Assets	2.1B	2.4B	(6.4B)	2.8B	3.2B	3.3B
Long Term Debt	7M	4.0B	6.7B	6.4B	6.1B	6.5B
Retained Earnings Total Equity	504M	862M	869M	1.2B	1.4B	1.5B
Long Term Debt Total	7M	4.0B	6.7B	6.4B	7.4B	7.8B
Long Term Investments	17M	72M	117M	105M	85M	45.9M
Treasury Stock	(133M)	(214M)	(251M)	(309M)	(278.1M)	(264.2M)
Non Current Liabilities Other	83M	121M	19M	15M	51M	40.7M
Property Plant Equipment	725M	737M	1.2B	1.5B	1.7B	1.8B

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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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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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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 Capex To Depreciation vs Free Cash Flow Yield Analysis

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Free Cash Flow Yield

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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Short Long Term Debt Total	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets

Non Currrent Assets Other	- 0.4	Accounts Payable
Net Receivables	- 0.35	Non Currrent Assets Other
Short Term Debt	- 0.31	Other Current Liab
Other Current Assets	- 0.3	Non Currrent Assets Other
Inventory	- 0.23	Non Currrent Assets Other
Intangible Assets	- 0.19	Non Currrent Assets Other