JetBlue Non Current Assets Total vs Accounts Payable Analysis

JBLU Stock

USD 5.53 0.06 1.07%

JetBlue Airways financial indicator trend analysis is infinitely more than just investigating JetBlue Airways Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JetBlue Airways Corp is a good investment. Please check the relationship between JetBlue Airways Non Current Assets Total and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JetBlue Airways Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Non Current Assets Total vs Accounts Payable

Non Current Assets Total vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JetBlue Airways Corp Non Current Assets Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between JetBlue Airways' Non Current Assets Total and Accounts Payable is 0.78. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of JetBlue Airways Corp, assuming nothing else is changed. The correlation between historical values of JetBlue Airways' Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of JetBlue Airways Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., JetBlue Airways' Non Current Assets Total and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Accounts Payable

An accounting item on the balance sheet that represents JetBlue Airways obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of JetBlue Airways Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from JetBlue Airways' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JetBlue Airways Corp 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 JetBlue Airways Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, JetBlue Airways' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 9.29 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 50.4 M in 2024.

	2023	2024 (projected)
Extraordinary Items	25.2M	23.9M
Reconciled Depreciation	621M	588.2M

Extraordinary Items Reconciled Depreciation

JetBlue Airways fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Current Assets	Other Current Liab	Total Current Liabilities	Other Liab	Accounts Payable	Other Assets	Long Term Debt	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity
Total Assets		0.81	0.69	0.77	0.71	0.61	0.85	0.73	0.96	0.76	0.72	0.45	0.7	0.73	0.53	0.95	0.96	0.97	0.73	0.98	0.94	0.72	0.99	-0.29	0.61	0.96
Total Stockholder Equity	0.81		0.18	0.43	0.39	0.55	0.56	0.52	0.74	0.72	0.55	0.08	0.19	0.52	0.82	0.59	0.76	0.85	0.22	0.86	0.78	0.94	0.83	0.08	0.51	0.75
Net Debt	0.69	0.18		0.69	0.67	0.45	0.71	0.54	0.66	0.35	0.52	0.51	0.96	0.62	-0.13	0.86	0.69	0.61	0.95	0.61	0.55	0.09	0.65	-0.44	0.39	0.69
Cash	0.77	0.43	0.69		0.9	0.17	0.96	0.51	0.68	0.51	0.56	0.48	0.81	0.54	0.19	0.84	0.67	0.61	0.87	0.69	0.65	0.46	0.7	-0.75	0.28	0.69
Cash And Short Term Investments	0.71	0.39	0.67	0.9		0.14	0.85	0.73	0.64	0.68	0.78	0.7	0.78	0.75	0.23	0.78	0.63	0.58	0.82	0.67	0.6	0.43	0.67	-0.71	0.54	0.66
Common Stock Shares Outstanding	0.61	0.55	0.45	0.17	0.14		0.4	0.41	0.58	0.39	0.29	0.08	0.38	0.41	0.24	0.55	0.71	0.66	0.28	0.58	0.62	0.27	0.59	0.37	0.38	0.66
Total Current Assets	0.85	0.56	0.71	0.96	0.85	0.4		0.54	0.74	0.57	0.55	0.39	0.82	0.56	0.29	0.88	0.79	0.72	0.84	0.77	0.73	0.51	0.77	-0.6	0.29	0.8
Other Current Liab	0.73	0.52	0.54	0.51	0.73	0.41	0.54		0.78	0.91	0.96	0.83	0.54	0.93	0.47	0.74	0.74	0.74	0.56	0.77	0.75	0.48	0.79	-0.23	0.93	0.75
Total Current Liabilities	0.96	0.74	0.66	0.68	0.64	0.58	0.74	0.78		0.77	0.75	0.57	0.64	0.72	0.51	0.93	0.94	0.96	0.67	0.96	0.98	0.65	0.97	-0.27	0.69	0.95
Other Liab	0.76	0.72	0.35	0.51	0.68	0.39	0.57	0.91	0.77		0.87	0.64	0.37	0.82	0.72	0.67	0.74	0.78	0.41	0.81	0.77	0.7	0.8	-0.18	0.84	0.75
Accounts Payable	0.72	0.55	0.52	0.56	0.78	0.29	0.55	0.96	0.75	0.87		0.82	0.54	0.96	0.5	0.72	0.69	0.73	0.57	0.77	0.7	0.57	0.78	-0.3	0.93	0.7
Other Assets	0.45	0.08	0.51	0.48	0.7	0.08	0.39	0.83	0.57	0.64	0.82		0.53	0.74	0.11	0.58	0.44	0.42	0.57	0.46	0.52	0.11	0.49	-0.48	0.78	0.47
Long Term Debt	0.7	0.19	0.96	0.81	0.78	0.38	0.82	0.54	0.64	0.37	0.54	0.53		0.61	-0.1	0.87	0.69	0.59	0.98	0.61	0.55	0.12	0.64	-0.57	0.34	0.7
Inventory	0.73	0.52	0.62	0.54	0.75	0.41	0.56	0.93	0.72	0.82	0.96	0.74	0.61		0.42	0.74	0.71	0.74	0.63	0.77	0.65	0.51	0.78	-0.18	0.89	0.71
Other Current Assets	0.53	0.82	-0.13	0.19	0.23	0.24	0.29	0.47	0.51	0.72	0.5	0.11	-0.1	0.42		0.31	0.5	0.62	-0.06	0.61	0.54	0.82	0.58	0.13	0.48	0.5
Total Liab	0.95	0.59	0.86	0.84	0.78	0.55	0.88	0.74	0.93	0.67	0.72	0.58	0.87	0.74	0.31		0.93	0.89	0.88	0.91	0.88	0.5	0.93	-0.44	0.57	0.93
Common Stock	0.96	0.76	0.69	0.67	0.63	0.71	0.79	0.74	0.94	0.74	0.69	0.44	0.69	0.71	0.5	0.93		0.96	0.67	0.94	0.94	0.61	0.95	-0.19	0.61	1.0
Property Plant Equipment	0.97	0.85	0.61	0.61	0.58	0.66	0.72	0.74	0.96	0.78	0.73	0.42	0.59	0.74	0.62	0.89	0.96		0.6	0.98	0.94	0.75	0.99	-0.12	0.68	0.96
Short Long Term Debt Total	0.73	0.22	0.95	0.87	0.82	0.28	0.84	0.56	0.67	0.41	0.57	0.57	0.98	0.63	-0.06	0.88	0.67	0.6		0.64	0.58	0.2	0.67	-0.65	0.36	0.69
Property Plant And Equipment Net	0.98	0.86	0.61	0.69	0.67	0.58	0.77	0.77	0.96	0.81	0.77	0.46	0.61	0.77	0.61	0.91	0.94	0.98	0.64		0.94	0.8	1.0	-0.21	0.69	0.95
Current Deferred Revenue	0.94	0.78	0.55	0.65	0.6	0.62	0.73	0.75	0.98	0.77	0.7	0.52	0.55	0.65	0.54	0.88	0.94	0.94	0.58	0.94		0.67	0.94	-0.24	0.66	0.94
Retained Earnings	0.72	0.94	0.09	0.46	0.43	0.27	0.51	0.48	0.65	0.7	0.57	0.11	0.12	0.51	0.82	0.5	0.61	0.75	0.2	0.8	0.67		0.76	-0.04	0.49	0.62
Non Current Assets Total	0.99	0.83	0.65	0.7	0.67	0.59	0.77	0.79	0.97	0.8	0.78	0.49	0.64	0.78	0.58	0.93	0.95	0.99	0.67	1.0	0.94	0.76		-0.23	0.7	0.96
Non Currrent Assets Other	-0.29	0.08	-0.44	-0.75	-0.71	0.37	-0.6	-0.23	-0.27	-0.18	-0.3	-0.48	-0.57	-0.18	0.13	-0.44	-0.19	-0.12	-0.65	-0.21	-0.24	-0.04	-0.23		-0.01	-0.25
Net Receivables	0.61	0.51	0.39	0.28	0.54	0.38	0.29	0.93	0.69	0.84	0.93	0.78	0.34	0.89	0.48	0.57	0.61	0.68	0.36	0.69	0.66	0.49	0.7	-0.01		0.62
Common Stock Total Equity	0.96	0.75	0.69	0.69	0.66	0.66	0.8	0.75	0.95	0.75	0.7	0.47	0.7	0.71	0.5	0.93	1.0	0.96	0.69	0.95	0.94	0.62	0.96	-0.25	0.62

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JetBlue Airways Account Relationship Matchups

JetBlue Airways fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.9B	13.4B	13.6B	13.0B	13.9B	7.7B
Total Stockholder Equity	4.8B	3.9B	3.8B	3.6B	3.3B	2.4B
Net Debt	2.2B	3.8B	2.8B	3.3B	4.2B	2.2B
Cash	929M	1.9B	2.0B	1.0B	1.2B	596.1M
Cash And Short Term Investments	929M	1.9B	2.0B	1.0B	1.6B	1.6B
Common Stock Shares Outstanding	298.4M	277.5M	318M	323.6M	332.9M	275.4M
Liabilities And Stockholders Equity	11.9B	13.4B	13.6B	13.0B	13.9B	7.7B
Total Current Assets	1.8B	3.3B	3.2B	1.9B	2.2B	1.4B
Other Current Liab	671M	624M	839M	984M	1.1B	1.2B
Total Current Liabilities	2.7B	2.7B	3.4B	3.7B	3.6B	1.8B
Other Liab	1.8B	1.6B	2.0B	2.0B	2.3B	2.4B
Accounts Payable	401M	365M	499M	532M	641M	673.1M
Other Assets	896M	(53M)	13.6B	13.0B	15.0B	15.8B
Long Term Debt	2.0B	4.4B	3.7B	3.1B	4.4B	2.3B
Inventory	81M	71M	74M	87M	109M	114.5M
Other Current Assets	146M	123M	124M	120M	148M	104.7M
Total Liab	7.1B	9.4B	9.8B	9.5B	10.5B	5.5B
Property Plant Equipment	8.6B	8.4B	8.8B	9.4B	10.8B	5.6B
Short Long Term Debt Total	3.2B	5.7B	4.8B	4.4B	5.4B	3.1B
Property Plant And Equipment Net	9.5B	9.2B	9.5B	9.8B	10.3B	6.5B
Current Deferred Revenue	1.1B	1.1B	1.6B	1.6B	1.5B	807.5M
Retained Earnings	4.3B	3.0B	2.8B	2.4B	2.1B	1.5B
Non Current Assets Total	10.1B	10.1B	10.4B	11.1B	11.7B	7.1B
Non Currrent Assets Other	603M	(327M)	(314M)	82M	170M	265.1M
Net Receivables	231M	98M	207M	317M	336M	352.8M
Short Term Investments	369M	1.1B	824M	350M	401M	474.6M
Non Current Liabilities Total	4.5B	6.8B	6.4B	5.7B	6.9B	4.0B
Other Stockholder Equity	471M	970M	1.1B	1.1B	1.2B	1.2B
Property Plant And Equipment Gross	9.5B	9.2B	13.4B	14.1B	15.1B	15.8B
Short Term Debt	472M	563M	461M	651M	424M	355.0M
Intangible Assets	241M	261M	299M	298M	349M	366.5M
Treasury Stock	(1.3B)	(1.8B)	(2.0B)	(2.0B)	(1.8B)	(1.7B)
Net Tangible Assets	5.5B	5.3B	3.7B	3.3B	3.8B	3.9B
Good Will	(1.1B)	(1.2B)	(1.5B)	(15M)	(13.5M)	(14.2M)
Retained Earnings Total Equity	3.7B	4.3B	3.0B	2.8B	3.2B	2.2B
Long Term Debt Total	1.4B	2.0B	4.4B	3.7B	4.2B	2.5B

Pair Trading with JetBlue Airways

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 JetBlue Airways 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 JetBlue Airways will appreciate offsetting losses from the drop in the long position's value.

Moving together with JetBlue Stock

0.91

Canadian Pacific Railway

Pair Corr

Moving against JetBlue Stock

0.83	SKYW	SkyWest	Pair Corr
0.77	DAL	Delta Air Lines Financial Report 11th of July 2024	Pair Corr
0.74	ULH	Universal Logistics	Pair Corr
0.72	UAL	United Airlines Holdings Financial Report 17th of July 2024	Pair Corr
0.7	MESA	Mesa Air Group Earnings Call Today	Pair Corr

The ability to find closely correlated positions to JetBlue Airways could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JetBlue Airways 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 JetBlue Airways - 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 JetBlue Airways Corp to buy it.

The correlation of JetBlue Airways 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 JetBlue Airways moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JetBlue Airways Corp 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 JetBlue Airways 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

Additional Tools for JetBlue Stock Analysis

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

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