Playtech Property Plant And Equipment Net vs Cash Analysis

PTEC Stock   733.00  2.00  0.27%   
Playtech Plc financial indicator trend analysis is much more than just breaking down Playtech Plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Playtech Plc is a good investment. Please check the relationship between Playtech Plc Property Plant And Equipment Net and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Playtech Plc. 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.

Property Plant And Equipment Net vs Cash

Property Plant And Equipment Net vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Playtech Plc Property Plant And Equipment Net account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Playtech Plc's Property Plant And Equipment Net and Cash is 0.32. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash in the same time period over historical financial statements of Playtech Plc, assuming nothing else is changed. The correlation between historical values of Playtech Plc's Property Plant And Equipment Net and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Playtech Plc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Net i.e., Playtech Plc's Property Plant And Equipment Net and Cash go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Cash

Cash refers to the most liquid asset of Playtech Plc, which is listed under current asset account on Playtech Plc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Playtech Plc customers. The amounts must be unrestricted with restricted cash listed in a different Playtech Plc account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Playtech Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Playtech Plc 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Playtech Plc. 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 137.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 86.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense47.6M50.2M36.9M38.7M
Depreciation And Amortization170.3M170.9M194.8M204.5M

Playtech Plc fundamental ratios Correlations

0.880.660.840.890.90.880.680.820.770.580.970.50.650.580.910.680.90.6-0.190.870.870.79-0.130.730.8
0.880.670.880.610.850.980.780.510.730.620.780.150.380.620.720.540.940.82-0.280.970.720.92-0.250.760.74
0.660.670.690.460.730.630.540.340.730.410.650.30.140.410.650.520.650.3-0.120.670.550.520.290.750.57
0.840.880.690.60.850.870.760.510.90.450.80.140.350.450.670.610.760.68-0.160.940.720.76-0.160.860.74
0.890.610.460.60.720.630.360.970.650.550.910.70.740.550.890.690.650.27-0.050.60.80.6-0.010.520.74
0.90.850.730.850.720.860.830.710.810.320.90.510.660.320.680.40.840.61-0.50.840.950.64-0.250.690.56
0.880.980.630.870.630.860.720.570.720.640.770.160.40.640.690.550.90.8-0.270.940.730.92-0.320.750.69
0.680.780.540.760.360.830.720.330.580.00.690.190.50.00.410.170.790.79-0.590.80.760.49-0.420.550.36
0.820.510.340.510.970.710.570.330.580.40.860.780.850.40.750.520.560.22-0.20.480.840.47-0.140.370.56
0.770.730.730.90.650.810.720.580.580.430.790.280.350.430.660.610.610.35-0.120.80.70.590.080.870.72
0.580.620.410.450.550.320.640.00.40.430.410.03-0.021.00.680.670.560.290.340.570.20.850.20.550.77
0.970.780.650.80.910.90.770.690.860.790.410.610.730.410.880.630.820.48-0.230.790.920.63-0.090.690.74
0.50.150.30.140.70.510.160.190.780.280.030.610.830.030.490.120.29-0.1-0.350.120.70.040.09-0.010.2
0.650.380.140.350.740.660.40.50.850.35-0.020.730.83-0.020.480.130.480.31-0.550.360.860.22-0.380.080.25
0.580.620.410.450.550.320.640.00.40.431.00.410.03-0.020.680.670.560.290.340.570.20.850.20.550.77
0.910.720.650.670.890.680.690.410.750.660.680.880.490.480.680.830.780.370.140.720.650.720.20.710.91
0.680.540.520.610.690.40.550.170.520.610.670.630.120.130.670.830.50.240.510.580.320.640.310.710.87
0.90.940.650.760.650.840.90.790.560.610.560.820.290.480.560.780.50.77-0.310.910.750.84-0.220.690.71
0.60.820.30.680.270.610.80.790.220.350.290.48-0.10.310.290.370.240.77-0.410.780.520.74-0.590.450.42
-0.19-0.28-0.12-0.16-0.05-0.5-0.27-0.59-0.2-0.120.34-0.23-0.35-0.550.340.140.51-0.31-0.41-0.21-0.56-0.020.630.110.27
0.870.970.670.940.60.840.940.80.480.80.570.790.120.360.570.720.580.910.78-0.210.710.88-0.190.840.79
0.870.720.550.720.80.950.730.760.840.70.20.920.70.860.20.650.320.750.52-0.560.710.51-0.310.50.47
0.790.920.520.760.60.640.920.490.470.590.850.630.040.220.850.720.640.840.74-0.020.880.51-0.170.690.81
-0.13-0.250.29-0.16-0.01-0.25-0.32-0.42-0.140.080.2-0.090.09-0.380.20.20.31-0.22-0.590.63-0.19-0.31-0.170.120.23
0.730.760.750.860.520.690.750.550.370.870.550.69-0.010.080.550.710.710.690.450.110.840.50.690.120.79
0.80.740.570.740.740.560.690.360.560.720.770.740.20.250.770.910.870.710.420.270.790.470.810.230.79
Click cells to compare fundamentals

Playtech Plc Account Relationship Matchups

Playtech Plc fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B3.1B3.7B3.0B3.3B3.5B
Short Long Term Debt Total1.0B1.3B1.1B633.4M732.9M576.6M
Other Current Liab563.8M621.9M3.9M330.7M395M414.8M
Total Current Liabilities777.2M822.7M835.1M756.4M598.7M338.1M
Total Stockholder Equity1.2B899.6M1.6B1.7B1.8B1.9B
Property Plant And Equipment Net450.6M423.8M403.5M413M421.2M442.3M
Current Deferred Revenue542.5M665.2M665.6M353.6M406.6M369.2M
Net Debt355.0M580.9M556.8M206.9M216.7M227.5M
Retained Earnings659.8M347.2M1.0B1.1B1.2B1.3B
Accounts Payable62.4M35.1M33.5M61.2M46M23.1M
Cash671.5M683.7M575.4M426.5M516.2M378.3M
Non Current Assets Total2.1B1.7B2.3B2.3B2.5B2.6B
Non Currrent Assets Other12.2M14.3M11.8M747.1M989.9M1.0B
Other Assets15.9M52.7M88.9M836.1M961.5M1.0B
Cash And Short Term Investments671.5M683.7M575.4M426.5M516.2M378.3M
Common Stock Shares Outstanding308.0M310.8M312.1M311.9M311.9M306.3M
Liabilities And Stockholders Equity3.1B3.1B3.7B3.0B3.3B3.5B
Non Current Liabilities Total1.1B1.3B1.2B565M920.9M966.9M
Other Current Assets178.0M562.6M594.5M127.2M119.8M113.9M
Total Liab1.9B2.2B2.1B1.3B1.5B770.5M
Property Plant And Equipment Gross445.0M417.3M613.3M650.3M692M726.6M
Total Current Assets1.0B1.4B1.4B723.1M849.9M569.8M
Accumulated Other Comprehensive Income(34.2M)(39.9M)(50.1M)(16.5M)(24.8M)(26.0M)
Short Term Debt25.7M21M(645.3M)231.4M24.9M23.7M
Intangible Assets614.3M463.3M397.6M371.1M391.5M261.9M
Other Liab201.7M97.4M98.2M124.1M142.7M87.8M
Net Receivables192.8M153.2M178.5M163.9M207.1M217.5M
Short Term Investments(3.2M)(37.8M)(71.2M)(721.4M)(649.3M)(616.8M)
Property Plant Equipment420.8M396.3M366.7M372.9M428.8M450.3M
Good Will885.6M633.9M648.5M609.8M529M397.6M
Long Term Debt935.6M1.2B1.0B348M646.1M565.5M
Net Tangible Assets(303.1M)(225.2M)498M680M612M642.6M
Treasury Stock(21.6M)(17.9M)(16.2M)(14.5M)(16.6M)(17.5M)

Also Currently Popular

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 Playtech Stock Analysis

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