Gray Days Sales Outstanding vs Capex To Depreciation 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 Days Sales Outstanding and its Capex To Depreciation 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.

Days Sales Outstanding vs Capex To Depreciation

Days Sales Outstanding vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gray Television Days Sales Outstanding account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gray Television's Days Sales Outstanding and Capex To Depreciation is -0.34. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Capex To Depreciation 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 Days Sales Outstanding and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Gray Television are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Days Sales Outstanding i.e., Gray Television's Days Sales Outstanding and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.34
Relationship DirectionNegative 
Relationship StrengthInsignificant

Days Sales Outstanding

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.
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 Expense205M354M440M462M
Depreciation And Amortization221M336M339M356.0M

Gray Television fundamental ratios Correlations

1.00.961.00.980.970.990.960.830.081.0-0.150.080.930.611.00.630.940.151.00.61-0.031.00.80.850.99
1.00.941.00.960.970.990.950.860.061.0-0.150.060.920.61.00.640.940.121.00.580.00.990.780.840.99
0.960.940.950.950.940.950.920.78-0.010.96-0.19-0.010.890.540.950.580.890.190.950.52-0.310.970.750.830.96
1.01.00.950.970.980.990.950.830.051.0-0.170.050.910.61.00.590.920.141.00.57-0.020.990.780.860.99
0.980.960.950.970.940.940.980.750.220.97-0.110.220.920.650.960.60.890.210.960.68-0.070.970.830.830.95
0.970.970.940.980.940.980.940.77-0.070.98-0.17-0.070.840.480.970.470.890.110.970.43-0.060.970.690.930.99
0.990.990.950.990.940.980.930.87-0.050.99-0.19-0.050.910.551.00.610.940.11.00.5-0.040.990.730.851.0
0.960.950.920.950.980.940.930.760.170.95-0.120.170.880.520.940.550.90.220.940.63-0.060.940.750.860.95
0.830.860.780.830.750.770.870.76-0.080.83-0.4-0.080.90.490.860.750.910.080.850.51-0.010.840.640.530.84
0.080.06-0.010.050.22-0.07-0.050.17-0.080.010.341.00.170.50.040.280.050.280.040.780.330.020.44-0.1-0.03
1.01.00.961.00.970.980.990.950.830.01-0.160.010.910.571.00.60.930.131.00.54-0.051.00.760.871.0
-0.15-0.15-0.19-0.17-0.11-0.17-0.19-0.12-0.40.34-0.160.34-0.35-0.1-0.17-0.23-0.30.14-0.17-0.040.16-0.19-0.12-0.05-0.18
0.080.06-0.010.050.22-0.07-0.050.17-0.081.00.010.340.170.50.040.280.050.280.040.780.330.020.44-0.1-0.03
0.930.920.890.910.920.840.910.880.90.170.91-0.350.170.70.920.80.940.140.920.74-0.070.930.840.630.9
0.610.60.540.60.650.480.550.520.490.50.57-0.10.50.70.590.590.520.120.590.810.250.590.940.280.52
1.01.00.951.00.960.971.00.940.860.041.0-0.170.040.920.590.640.940.121.00.57-0.020.990.770.840.99
0.630.640.580.590.60.470.610.550.750.280.6-0.230.280.80.590.640.77-0.050.640.72-0.070.640.640.290.6
0.940.940.890.920.890.890.940.90.910.050.93-0.30.050.940.520.940.770.10.940.61-0.10.940.710.760.94
0.150.120.190.140.210.110.10.220.080.280.130.140.280.140.120.12-0.050.10.120.27-0.120.120.20.020.12
1.01.00.951.00.960.971.00.940.850.041.0-0.170.040.920.591.00.640.940.120.57-0.020.990.780.840.99
0.610.580.520.570.680.430.50.630.510.780.54-0.040.780.740.810.570.720.610.270.570.190.560.840.270.51
-0.030.0-0.31-0.02-0.07-0.06-0.04-0.06-0.010.33-0.050.160.33-0.070.25-0.02-0.07-0.1-0.12-0.020.19-0.10.11-0.11-0.08
1.00.990.970.990.970.970.990.940.840.021.0-0.190.020.930.590.990.640.940.120.990.56-0.10.780.850.99
0.80.780.750.780.830.690.730.750.640.440.76-0.120.440.840.940.770.640.710.20.780.840.110.780.510.73
0.850.840.830.860.830.930.850.860.53-0.10.87-0.05-0.10.630.280.840.290.760.020.840.27-0.110.850.510.87
0.990.990.960.990.950.991.00.950.84-0.031.0-0.18-0.030.90.520.990.60.940.120.990.51-0.080.990.730.87
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Gray Television Account Relationship Matchups

Gray Television fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0B7.6B11.1B11.2B10.6B11.2B
Short Long Term Debt Total3.7B4.0B6.8B6.5B6.2B6.6B
Other Current Liab220M189M268M280M274M287.7M
Total Current Liabilities246M255M384M409M395M414.8M
Total Stockholder Equity2.1B2.4B2.4B2.8B2.6B2.8B
Property Plant And Equipment Net775M794M1.2B1.5B1.7B1.8B
Net Debt3.5B3.3B6.6B6.5B6.2B6.5B
Retained Earnings504M862M869M1.2B1.1B1.1B
Accounts Payable11M10M59M55M23M24.2M
Cash212M773M189M61M21M20.0M
Non Current Assets Total6.3B6.3B10.1B10.3B10.3B10.8B
Non Currrent Assets Other(113M)(46M)(32M)(1.4B)164M172.2M
Cash And Short Term Investments212M773M189M61M21M20.0M
Net Receivables411M446M645M672M363M381.2M
Common Stock Shares Outstanding100M97M95M93M92M50.2M
Liabilities And Stockholders Equity7.0B7.6B11.1B11.2B10.6B11.2B
Non Current Liabilities Total4.6B5.0B8.3B8.0B7.6B8.0B
Inventory24M61M94M43M18M12.3M
Other Current Assets25M85M129M124M84M88.2M
Other Stockholder Equity(133M)(214M)(251M)(309M)(314M)(298.3M)
Total Liab4.9B5.2B8.7B8.4B8.0B8.4B
Total Current Assets672M1.3B963M857M468M285.8M
Accumulated Other Comprehensive Income(31M)(39M)(27M)(12M)(23M)(24.2M)
Short Term Debt6M14M33M35M37M25.8M
Intangible Assets4.0B4.0B6.1B6.0B5.7B6.0B
Common Stock1.1B1.1B1.2B1.2B1.2B677.6M
Current Deferred Revenue9M22M14M24M39M41.0M
Good Will1.4B1.5B2.6B2.7B2.6B2.8B
Common Stock Total Equity1.1B1.1B1.2B1.2B1.4B806.3M
Property Plant And Equipment Gross311M794M1.2B1.5B2.5B2.6B
Net Tangible Assets2.1B2.4B(6.4B)2.8B3.2B3.3B
Long Term Debt7M4.0B6.7B6.4B6.1B6.5B
Retained Earnings Total Equity504M862M869M1.2B1.4B1.5B
Long Term Debt Total7M4.0B6.7B6.4B7.4B7.8B
Long Term Investments17M72M117M105M85M45.9M
Treasury Stock(133M)(214M)(251M)(309M)(278.1M)(264.2M)
Non Current Liabilities Other83M121M19M15M51M40.7M
Property Plant Equipment725M737M1.2B1.5B1.7B1.8B

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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:
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.