DraftKings Other Liab vs Total Stockholder Equity Analysis

DKNG Stock  USD 36.61  4.20  10.29%   
DraftKings financial indicator trend analysis is much more than just examining DraftKings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DraftKings is a good investment. Please check the relationship between DraftKings Other Liab and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.

Other Liab vs Total Stockholder Equity

Other Liab vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DraftKings Other Liab account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between DraftKings' Other Liab and Total Stockholder Equity is 0.82. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of DraftKings, assuming nothing else is changed. The correlation between historical values of DraftKings' Other Liab and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of DraftKings are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Liab i.e., DraftKings' Other Liab and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Other Liab

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from DraftKings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DraftKings 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.The DraftKings' current Tax Provision is estimated to increase to about 13.7 M, while Selling General Administrative is projected to decrease to roughly 456.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit501.9M756.2M1.4B1.4B
Total Revenue1.3B2.2B3.7B3.8B

DraftKings fundamental ratios Correlations

0.980.79-0.22-0.980.420.330.870.770.71-0.770.960.80.840.540.850.140.160.640.860.970.640.990.87-0.830.84
0.980.87-0.09-0.990.570.380.920.720.81-0.850.990.880.890.640.910.320.020.760.910.950.760.970.91-0.90.88
0.790.870.26-0.880.730.620.970.350.96-0.960.90.980.910.820.980.62-0.320.910.970.780.910.750.97-0.940.88
-0.22-0.090.260.120.430.430.11-0.440.43-0.39-0.060.32-0.090.680.240.71-0.990.520.19-0.270.52-0.210.16-0.32-0.17
-0.98-0.99-0.880.12-0.56-0.41-0.94-0.69-0.820.85-0.99-0.88-0.92-0.62-0.92-0.31-0.05-0.75-0.92-0.96-0.75-0.96-0.930.9-0.92
0.420.570.730.43-0.560.170.670.230.79-0.720.630.720.650.670.680.88-0.480.820.60.330.820.450.62-0.710.63
0.330.380.620.43-0.410.170.59-0.260.67-0.690.420.670.50.730.60.41-0.470.650.670.470.650.210.61-0.620.44
0.870.920.970.11-0.940.670.590.460.93-0.950.940.970.960.760.980.5-0.180.870.990.870.870.820.99-0.940.93
0.770.720.35-0.44-0.690.23-0.260.460.25-0.330.630.360.450.110.47-0.210.40.210.440.660.210.850.48-0.440.48
0.710.810.960.43-0.820.790.670.930.25-0.990.840.990.850.920.950.75-0.490.990.940.690.990.670.92-0.970.8
-0.77-0.85-0.96-0.390.85-0.72-0.69-0.95-0.33-0.99-0.86-1.0-0.85-0.92-0.98-0.640.46-0.97-0.97-0.75-0.97-0.73-0.960.99-0.8
0.960.990.9-0.06-0.990.630.420.940.630.84-0.860.90.930.660.920.40.00.790.920.930.790.930.92-0.910.92
0.80.880.980.32-0.880.720.670.970.360.99-1.00.90.890.890.980.63-0.390.960.980.790.960.760.97-0.990.85
0.840.890.91-0.09-0.920.650.50.960.450.85-0.850.930.890.590.890.460.010.780.910.870.780.780.91-0.841.0
0.540.640.820.68-0.620.670.730.760.110.92-0.920.660.890.590.840.73-0.730.950.820.510.950.510.79-0.90.52
0.850.910.980.24-0.920.680.60.980.470.95-0.980.920.980.890.840.53-0.30.90.990.830.90.820.99-0.970.85
0.140.320.620.71-0.310.880.410.5-0.210.75-0.640.40.630.460.730.53-0.730.80.480.10.80.120.46-0.60.41
0.160.02-0.32-0.99-0.05-0.48-0.47-0.180.4-0.490.460.0-0.390.01-0.73-0.3-0.73-0.59-0.250.21-0.590.15-0.230.390.1
0.640.760.910.52-0.750.820.650.870.210.99-0.970.790.960.780.950.90.8-0.590.880.611.00.610.87-0.950.72
0.860.910.970.19-0.920.60.670.990.440.94-0.970.920.980.910.820.990.48-0.250.880.870.880.821.0-0.960.87
0.970.950.78-0.27-0.960.330.470.870.660.69-0.750.930.790.870.510.830.10.210.610.870.610.920.87-0.80.87
0.640.760.910.52-0.750.820.650.870.210.99-0.970.790.960.780.950.90.8-0.591.00.880.610.610.87-0.950.72
0.990.970.75-0.21-0.960.450.210.820.850.67-0.730.930.760.780.510.820.120.150.610.820.920.610.83-0.810.78
0.870.910.970.16-0.930.620.610.990.480.92-0.960.920.970.910.790.990.46-0.230.871.00.870.870.83-0.950.88
-0.83-0.9-0.94-0.320.9-0.71-0.62-0.94-0.44-0.970.99-0.91-0.99-0.84-0.9-0.97-0.60.39-0.95-0.96-0.8-0.95-0.81-0.95-0.8
0.840.880.88-0.17-0.920.630.440.930.480.8-0.80.920.851.00.520.850.410.10.720.870.870.720.780.88-0.8
Click cells to compare fundamentals

DraftKings Account Relationship Matchups

DraftKings fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab163.0M317.9M528.9M1.2B1.5B1.5B
Total Current Liabilities255.1M554.4M929.4M1.2B1.5B1.6B
Other Liab56.9M119.4M155.3M150.6M173.2M96.8M
Net Tangible Assets(88.3M)1.6B527.9M(340.6M)(391.7M)(372.1M)
Retained Earnings(998.8M)(1.8B)(3.8B)(5.1B)(5.9B)(5.6B)
Accounts Payable16.6M28.1M52.5M10.1M34.1M26.1M
Other Assets2.4M78.7M45.4M124.1M1.00.95
Other Current Assets20.8M14.6M25.7M94.8M439.9M461.8M
Total Current Assets261.1M2.2B2.8B2.1B2.1B1.5B
Common Stock390K79K80K84K85K169.4K
Property Plant Equipment25.9M40.8M109.9M126.1M145.0M152.2M
Total Assets330.7M3.4B4.1B4.0B3.9B3.0B
Short Long Term Debt Total75.1M81.6M1.3B1.3B1.3B760.8M
Total Stockholder Equity(308.0M)2.7B1.7B1.3B840.3M1.1B
Property Plant And Equipment Net25.9M108.9M109.9M126.1M154.7M98.9M
Current Deferred Revenue68.7M195.6M335.2M17.4M43.6M41.5M
Net Debt(1.4M)(1.7B)(834.3M)15.5M63.9M67.1M
Cash76.5M1.8B2.2B1.3B1.3B1.2B
Non Current Assets Total69.6M1.2B1.3B2.0B1.9B1.2B
Non Currrent Assets Other2.4M7.6M45.4M155.9M123.7M129.9M
Cash And Short Term Investments76.5M1.8B2.2B1.3B1.3B1.2B
Net Receivables19.8M74.8M97.8M211.2M349.3M366.8M
Liabilities And Stockholders Equity330.7M3.4B4.1B4.0B3.9B3.0B
Non Current Liabilities Total383.6M188.1M1.5B1.5B1.6B980.4M
Inventory144M287.7M477.0M469.7M540.1M327.8M
Other Stockholder Equity690.4M4.5B5.4B6.4B6.7B4.5B
Total Liab638.7M742.5M2.4B2.7B3.1B1.8B
Net Invested Capital(232.8M)2.7B2.9B2.6B2.1B1.8B
Long Term Investments2.5M3.0M9.8M10.1M10.3M6.5M
Property Plant And Equipment Gross25.9M108.9M150.3M126.1M230.1M120.2M
Capital Stock390K79K80K84K85K146.9K
Non Current Liabilities Other56.9M116.1M133.5M70.0M84.0M89.4M
Net Working Capital6.1M1.6B1.8B838.4M521.7M897.6M
Short Term Debt6.8M12.8M12.8M4.3M11.5M9.5M
Intangible Assets33.9M555.9M535.0M776.9M690.6M478.4M

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When determining whether DraftKings is a strong investment it is important to analyze DraftKings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running DraftKings' price analysis, check to measure DraftKings' 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 DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.
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Is DraftKings' industry 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 DraftKings. If investors know DraftKings 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 DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.16)
Revenue Per Share
8.71
Quarterly Revenue Growth
0.527
Return On Assets
(0.09)
Return On Equity
(0.59)
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' 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 DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' 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 DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' 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.