Delta Interest Coverage vs Inventory Turnover Analysis

DAL Stock

USD 47.88 1.33 2.86%

Delta Air financial indicator trend analysis is much more than just examining Delta Air Lines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Delta Air Lines is a good investment. Please check the relationship between Delta Air Interest Coverage and its Inventory Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Interest Coverage vs Inventory Turnover

Interest Coverage vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Delta Air Lines Interest Coverage account and Inventory Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Delta Air's Interest Coverage and Inventory Turnover is -0.21. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Delta Air Lines, assuming nothing else is changed. The correlation between historical values of Delta Air's Interest Coverage and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Delta Air Lines are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Interest Coverage i.e., Delta Air's Interest Coverage and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Interest Coverage

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from Delta Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Delta Air Lines 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 Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

At this time, Delta Air's Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 6.96 this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.03.

	2021	2022	2023	2024 (projected)
Interest Expense	1.3B	1.0B	834M	1.0B
Depreciation And Amortization	2.0B	2.1B	2.3B	1.4B

Interest Expense Depreciation And Amortization

Delta Air 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	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Short Term Investments
Total Assets		0.81	0.69	0.92	0.36	0.94	0.82	0.25	0.57	0.98	-0.16	0.54	0.75	0.33	0.72	0.79	0.61	0.4	0.95	0.82	0.69	0.09	0.77	0.74	0.67	0.44
Short Long Term Debt Total	0.81		0.43	0.68	-0.12	0.8	0.99	-0.13	0.77	0.76	-0.08	0.78	0.42	-0.05	0.8	0.49	0.53	0.08	0.91	0.71	0.69	0.16	0.57	0.62	0.32	0.72
Other Current Liab	0.69	0.43		0.72	0.6	0.69	0.46	0.59	0.17	0.65	-0.78	0.18	0.73	0.05	0.25	0.79	0.09	0.04	0.53	0.64	0.54	-0.59	0.39	0.69	0.32	0.17
Total Current Liabilities	0.92	0.68	0.72		0.46	0.95	0.73	0.32	0.26	0.95	-0.15	0.25	0.89	0.24	0.47	0.85	0.7	0.3	0.83	0.9	0.46	0.14	0.62	0.77	0.57	0.19
Total Stockholder Equity	0.36	-0.12	0.6	0.46		0.42	-0.07	0.94	-0.29	0.43	-0.38	-0.35	0.55	0.11	-0.25	0.58	0.04	0.06	0.04	0.39	-0.03	-0.31	0.14	0.34	0.25	-0.42
Property Plant And Equipment Net	0.94	0.8	0.69	0.95	0.42		0.84	0.34	0.4	0.97	-0.17	0.37	0.79	0.11	0.56	0.83	0.66	0.21	0.87	0.92	0.49	0.11	0.62	0.75	0.5	0.27
Net Debt	0.82	0.99	0.46	0.73	-0.07	0.84		-0.1	0.66	0.78	-0.09	0.68	0.49	-0.08	0.74	0.54	0.58	0.05	0.9	0.77	0.62	0.17	0.54	0.65	0.3	0.65
Retained Earnings	0.25	-0.13	0.59	0.32	0.94	0.34	-0.1		-0.25	0.3	-0.47	-0.3	0.42	-0.11	-0.29	0.44	-0.18	-0.17	-0.06	0.3	-0.04	-0.45	0.03	0.29	0.08	-0.35
Cash	0.57	0.77	0.17	0.26	-0.29	0.4	0.66	-0.25		0.45	-0.03	0.98	0.02	0.15	0.87	0.14	0.13	0.23	0.7	0.22	0.82	0.05	0.61	0.38	0.37	0.85
Non Current Assets Total	0.98	0.76	0.65	0.95	0.43	0.97	0.78	0.3	0.45		-0.09	0.42	0.78	0.32	0.63	0.81	0.68	0.4	0.91	0.86	0.56	0.17	0.73	0.72	0.66	0.3
Non Currrent Assets Other	-0.16	-0.08	-0.78	-0.15	-0.38	-0.17	-0.09	-0.47	-0.03	-0.09		-0.05	-0.22	0.27	0.06	-0.39	0.44	0.31	-0.04	-0.18	-0.33	0.95	0.06	-0.31	0.14	-0.1
Cash And Short Term Investments	0.54	0.78	0.18	0.25	-0.35	0.37	0.68	-0.3	0.98	0.42	-0.05		0.01	0.13	0.88	0.11	0.12	0.19	0.7	0.19	0.85	0.02	0.59	0.4	0.34	0.94
Net Receivables	0.75	0.42	0.73	0.89	0.55	0.79	0.49	0.42	0.02	0.78	-0.22	0.01		0.25	0.26	0.79	0.49	0.27	0.62	0.74	0.36	0.01	0.48	0.68	0.49	-0.04
Common Stock Shares Outstanding	0.33	-0.05	0.05	0.24	0.11	0.11	-0.08	-0.11	0.15	0.32	0.27	0.13	0.25		0.44	0.28	0.3	0.97	0.32	-0.07	0.36	0.24	0.7	0.2	0.88	0.01
Non Current Liabilities Total	0.72	0.8	0.25	0.47	-0.25	0.56	0.74	-0.29	0.87	0.63	0.06	0.88	0.26	0.44		0.34	0.39	0.53	0.85	0.34	0.86	0.18	0.85	0.57	0.68	0.78
Inventory	0.79	0.49	0.79	0.85	0.58	0.83	0.54	0.44	0.14	0.81	-0.39	0.11	0.79	0.28	0.34		0.55	0.37	0.64	0.73	0.41	-0.16	0.56	0.77	0.55	0.02
Other Current Assets	0.61	0.53	0.09	0.7	0.04	0.66	0.58	-0.18	0.13	0.68	0.44	0.12	0.49	0.3	0.39	0.55		0.44	0.64	0.67	0.09	0.67	0.47	0.4	0.48	0.08
Other Stockholder Equity	0.4	0.08	0.04	0.3	0.06	0.21	0.05	-0.17	0.23	0.4	0.31	0.19	0.27	0.97	0.53	0.37	0.44		0.41	0.03	0.38	0.31	0.75	0.28	0.9	0.05
Total Liab	0.95	0.91	0.53	0.83	0.04	0.87	0.9	-0.06	0.7	0.91	-0.04	0.7	0.62	0.32	0.85	0.64	0.64	0.41		0.74	0.75	0.2	0.77	0.67	0.63	0.61
Property Plant And Equipment Gross	0.82	0.71	0.64	0.9	0.39	0.92	0.77	0.3	0.22	0.86	-0.18	0.19	0.74	-0.07	0.34	0.73	0.67	0.03	0.74		0.28	0.12	0.38	0.58	0.3	0.13
Total Current Assets	0.69	0.69	0.54	0.46	-0.03	0.49	0.62	-0.04	0.82	0.56	-0.33	0.85	0.36	0.36	0.86	0.41	0.09	0.38	0.75	0.28		-0.23	0.76	0.64	0.58	0.8
Short Term Debt	0.09	0.16	-0.59	0.14	-0.31	0.11	0.17	-0.45	0.05	0.17	0.95	0.02	0.01	0.24	0.18	-0.16	0.67	0.31	0.2	0.12	-0.23		0.17	-0.12	0.22	-0.03
Intangible Assets	0.77	0.57	0.39	0.62	0.14	0.62	0.54	0.03	0.61	0.73	0.06	0.59	0.48	0.7	0.85	0.56	0.47	0.75	0.77	0.38	0.76	0.17		0.74	0.93	0.47
Accounts Payable	0.74	0.62	0.69	0.77	0.34	0.75	0.65	0.29	0.38	0.72	-0.31	0.4	0.68	0.2	0.57	0.77	0.4	0.28	0.67	0.58	0.64	-0.12	0.74		0.58	0.36
Good Will	0.67	0.32	0.32	0.57	0.25	0.5	0.3	0.08	0.37	0.66	0.14	0.34	0.49	0.88	0.68	0.55	0.48	0.9	0.63	0.3	0.58	0.22	0.93	0.58		0.2
Short Term Investments	0.44	0.72	0.17	0.19	-0.42	0.27	0.65	-0.35	0.85	0.3	-0.1	0.94	-0.04	0.01	0.78	0.02	0.08	0.05	0.61	0.13	0.8	-0.03	0.47	0.36	0.2

Click cells to compare fundamentals

Delta Air Account Relationship Matchups

Delta Air fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	64.5B	72.1B	72.5B	72.3B	73.6B	77.3B
Short Long Term Debt Total	17.3B	35.5B	34.6B	30.6B	27.3B	28.6B
Other Current Liab	10.6B	8.9B	11.5B	14.3B	14.3B	15.0B
Total Current Liabilities	20.2B	15.9B	21.0B	25.9B	26.4B	27.7B
Total Stockholder Equity	15.4B	1.4B	3.6B	6.5B	11.1B	11.7B
Property Plant And Equipment Net	36.9B	32.3B	35.9B	40.1B	42.5B	44.6B
Net Debt	14.4B	27.2B	26.7B	27.3B	24.5B	25.8B
Retained Earnings	12.5B	(428M)	(148M)	1.2B	5.7B	5.9B
Cash	2.9B	8.3B	7.9B	3.3B	2.7B	2.4B
Non Current Assets Total	56.3B	54.6B	56.5B	59.3B	63.4B	66.5B
Non Currrent Assets Other	4.4B	2.9B	1.8B	907M	784M	744.8M
Cash And Short Term Investments	2.9B	14.1B	11.3B	6.5B	3.9B	3.1B
Net Receivables	2.9B	1.4B	2.4B	3.2B	3.1B	3.3B
Common Stock Shares Outstanding	694M	653M	636M	641M	643M	415.5M
Liabilities And Stockholders Equity	64.5B	72.1B	72.5B	72.3B	73.6B	77.3B
Non Current Liabilities Total	28.9B	54.8B	47.9B	39.9B	36.1B	21.0B
Inventory	1.3B	732M	1.1B	1.4B	1.3B	1.4B
Other Current Assets	1.3B	1.2B	1.1B	1.9B	2.0B	2.1B
Other Stockholder Equity	11.0B	10.8B	10.9B	11.1B	11.3B	7.7B
Total Liab	49.1B	70.7B	68.8B	65.8B	62.5B	65.7B
Property Plant And Equipment Gross	36.9B	32.3B	35.9B	40.1B	64.2B	67.4B
Total Current Assets	8.2B	17.4B	15.9B	13.0B	10.3B	6.3B
Accumulated Other Comprehensive Income	(8.0B)	(9.0B)	(7.1B)	(5.8B)	(5.8B)	(6.1B)
Short Term Debt	3.1B	2.4B	2.5B	3.1B	3.7B	3.9B
Intangible Assets	5.2B	6.0B	6.0B	6.0B	6.0B	3.1B
Accounts Payable	3.3B	2.8B	4.2B	5.1B	4.4B	2.4B
Short Term Investments	12M	5.8B	3.4B	3.3B	1.1B	961.4M
Common Stock	15.4B	1.4B	3.6B	652K	749.8K	712.3K
Other Liab	14.8B	21.6B	15.7B	12.2B	14.1B	15.8B
Other Assets	4.3B	5.0B	3.1B	1.2B	1.4B	2.6B
Long Term Debt	8.9B	27.4B	25.1B	20.7B	17.1B	12.9B
Treasury Stock	(198M)	(236M)	(259M)	(282M)	(360.0M)	(377.9M)
Property Plant Equipment	35.9B	32.3B	35.9B	40.1B	46.2B	24.5B
Current Deferred Revenue	3.2B	1.8B	2.7B	3.4B	3.9B	2.3B
Net Tangible Assets	414M	(14.2B)	(12.1B)	(9.2B)	(8.2B)	(7.8B)
Retained Earnings Total Equity	12.5B	(428M)	(148M)	1.2B	1.3B	2.5B
Long Term Debt Total	8.9B	27.4B	25.1B	20.7B	23.8B	13.9B
Capital Surpluse	11.1B	11.3B	11.4B	11.5B	10.4B	9.9B

Pair Trading with Delta Air

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Delta Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Delta Air will appreciate offsetting losses from the drop in the long position's value.

Moving together with Delta Stock

0.78	ATCOL	Atlas Corp	Pair Corr
0.72	ODFL	Old Dominion Freight Earnings Call This Week	Pair Corr
0.8	RYAAY	Ryanair Holdings PLC Report 27th of May 2024	Pair Corr

Moving against Delta Stock

0.9	SRFM	Surf Air Mobility	Pair Corr
0.87	AZ	A2Z Smart Technologies	Pair Corr
0.85	BA	Boeing Earnings Call This Week	Pair Corr
0.64	AP	Ampco Pittsburgh	Pair Corr
0.59	FA	First Advantage Corp Financial Report 8th of May 2024	Pair Corr

The ability to find closely correlated positions to Delta Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Delta Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Delta Air Lines to buy it.

The correlation of Delta Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delta Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Air Lines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Delta Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Delta Air Lines is a strong investment it is important to analyze Delta Air's 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 Delta Air's future performance. For an informed investment choice regarding Delta Stock, refer to the following important reports:

How To Invest In Delta

Details

Is Delta Stock a good investment?

Details

What is Delta Air's Net Worth?

Details

Largest Passenger Airlines Companies

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Largest Transportation Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Note that the Delta Air Lines information on this page should be used as a complementary analysis to other Delta Air's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Delta Stock analysis

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

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Is Delta Air's 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 Delta Air. If investors know Delta 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 Delta Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.436

Dividend Share

0.3

Earnings Share

7.8

Revenue Per Share

92.354

Quarterly Revenue Growth

0.078

The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air's 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 Delta Air's market value can be influenced by many factors that don't directly affect Delta Air's 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 Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Delta Interest Coverage vs Inventory Turnover Analysis

Interest Coverage vs Inventory Turnover

Interest Coverage vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Interest Coverage

Inventory Turnover

Delta Air fundamental ratios Correlations

Delta Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Delta Air fundamental ratios Accounts

Pair Trading with Delta Air

Moving together with Delta Stock

Moving against Delta Stock

Complementary Tools for Delta Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.98	Cash
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Other Stockholder Equity	+ 0.97	Common Stock Shares Outstanding
Total Liab	+ 0.95	Total Assets

Non Currrent Assets Other	- 0.78	Other Current Liab
Short Term Debt	- 0.59	Other Current Liab
Non Currrent Assets Other	- 0.47	Retained Earnings
Short Term Debt	- 0.45	Retained Earnings
Short Term Investments	- 0.42	Total Stockholder Equity
Inventory	- 0.39	Non Currrent Assets Other