Southwest Historical Balance Sheet
LUV Stock | USD 27.88 0.09 0.32% |
Trend analysis of Southwest Airlines balance sheet accounts such as Total Current Liabilities of 12.9 B provides information on Southwest Airlines' total assets, liabilities, and equity, which is the actual value of Southwest Airlines to its prevalent stockholders. By breaking down trends over time using Southwest Airlines balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Southwest Airlines latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Southwest Airlines is a good buy for the upcoming year.
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About Southwest Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Southwest Airlines at a specified time, usually calculated after every quarter, six months, or one year. Southwest Airlines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Southwest Airlines and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Southwest currently owns. An asset can also be divided into two categories, current and non-current.
Southwest Airlines Balance Sheet Chart
Southwest Airlines Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Southwest Airlines uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Southwest Airlines' Net Receivables is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 38.3 B in 2024, despite the fact that Net Debt is likely to grow to (83.6 M). Add Fundamental
Total Current Liabilities
Total Current Liabilities is an item on Southwest Airlines balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Southwest Airlines are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Most accounts from Southwest Airlines' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Southwest Airlines current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Southwest Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Southwest Stock please use our How to Invest in Southwest Airlines guide.At this time, Southwest Airlines' Net Receivables is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 38.3 B in 2024, despite the fact that Net Debt is likely to grow to (83.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 12.3B | 9.4B | 9.2B | 9.7B | Total Assets | 36.3B | 35.4B | 36.5B | 38.3B |
Southwest Airlines balance sheet Correlations
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Southwest Airlines Account Relationship Matchups
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Southwest Airlines balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 25.9B | 34.6B | 36.3B | 35.4B | 36.5B | 38.3B | |
Short Long Term Debt Total | 4.0B | 12.2B | 12.3B | 9.4B | 9.2B | 9.7B | |
Total Current Liabilities | 9.0B | 7.5B | 9.2B | 10.4B | 12.3B | 12.9B | |
Total Stockholder Equity | 9.8B | 8.9B | 10.4B | 10.7B | 10.5B | 5.4B | |
Property Plant And Equipment Net | 18.4B | 17.7B | 16.4B | 18.7B | 20.6B | 21.6B | |
Net Debt | 1.4B | 1.1B | (199M) | (61M) | (88M) | (83.6M) | |
Retained Earnings | 17.9B | 14.8B | 15.8B | 16.3B | 16.3B | 17.1B | |
Cash | 2.5B | 11.1B | 12.5B | 9.5B | 9.3B | 9.8B | |
Non Current Assets Total | 19.9B | 19.4B | 18.3B | 20.6B | 22.5B | 23.7B | |
Non Currrent Assets Other | 577M | 722M | 882M | (1.4B) | (1.7B) | (1.6B) | |
Cash And Short Term Investments | 4.1B | 13.3B | 15.5B | 12.3B | 11.5B | 12.0B | |
Net Receivables | 1.1B | 1.1B | 1.4B | 1.0B | 1.1B | 1.2B | |
Common Stock Shares Outstanding | 539M | 565M | 609M | 642M | 640M | 578.0M | |
Liabilities And Stockholders Equity | 25.9B | 34.6B | 36.3B | 35.4B | 36.5B | 38.3B | |
Non Current Liabilities Total | 7.1B | 18.2B | 16.7B | 14.3B | 13.7B | 14.4B | |
Inventory | 529M | 414M | 537M | 790M | 807M | 847.4M | |
Other Current Assets | 287M | 295M | 638M | 686M | 520M | 295.3M | |
Other Stockholder Equity | (8.9B) | (6.7B) | (6.6B) | (6.8B) | (6.7B) | (6.3B) | |
Total Liab | 16.1B | 25.7B | 25.9B | 24.7B | 26.0B | 27.3B | |
Total Current Assets | 6.0B | 15.2B | 18.0B | 14.8B | 14.0B | 14.7B | |
Short Term Debt | 1.2B | 526M | 692M | 267M | 237M | 278.2M | |
Intangible Assets | 413M | 399M | 296M | 295M | 340.4M | 308.2M | |
Accounts Payable | 1.6B | 931M | 1.3B | 2.0B | 265M | 251.8M | |
Current Deferred Revenue | 4.5B | 3.8B | 5.6B | 6.1B | 6.6B | 6.9B | |
Property Plant And Equipment Gross | 18.4B | 17.7B | 29.2B | 32.4B | 35.0B | 36.8B | |
Accumulated Other Comprehensive Income | (61M) | (105M) | 388M | 344M | 395.6M | 415.4M | |
Other Liab | 4.3B | 6.5B | 5.2B | 5.1B | 5.9B | 6.2B | |
Other Assets | 529M | 1.0B | 882M | 855M | 983.3M | 618.2M | |
Long Term Debt | 1.8B | 10.1B | 10.3B | 8.0B | 8.0B | 8.4B | |
Treasury Stock | (10.4B) | (10.9B) | (10.9B) | (10.8B) | (9.8B) | (9.3B) | |
Property Plant Equipment | 17.0B | 15.8B | 16.4B | 18.7B | 21.5B | 13.8B | |
Short Term Investments | 1.5B | 2.3B | 3.0B | 2.8B | 2.2B | 1.8B | |
Net Tangible Assets | 9.8B | 12.8B | 9.4B | 13.0B | 15.0B | 8.9B | |
Retained Earnings Total Equity | 17.9B | 14.8B | 15.8B | 16.3B | 18.7B | 11.2B | |
Long Term Debt Total | 1.8B | 10.1B | 10.3B | 8.0B | 9.3B | 9.7B | |
Capital Surpluse | 1.6B | 4.2B | 4.2B | 4.0B | 4.6B | 4.9B |
Pair Trading with Southwest Airlines
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 Southwest Airlines 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 Southwest Airlines will appreciate offsetting losses from the drop in the long position's value.Moving together with Southwest Stock
0.72 | HA | Hawaiian Holdings | PairCorr |
0.61 | AAL | American Airlines Financial Report 18th of July 2024 | PairCorr |
Moving against Southwest Stock
0.87 | AL | Air Lease | PairCorr |
0.76 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
0.7 | SKYW | SkyWest | PairCorr |
0.69 | ALK | Alaska Air Group Financial Report 23rd of July 2024 | PairCorr |
0.58 | DIST | Distoken Acquisition | PairCorr |
The ability to find closely correlated positions to Southwest Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southwest Airlines 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 Southwest Airlines - 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 Southwest Airlines to buy it.
The correlation of Southwest Airlines 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 Southwest Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southwest Airlines 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 Southwest Airlines 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Southwest Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Southwest Stock please use our How to Invest in Southwest Airlines guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Southwest Stock analysis
When running Southwest Airlines' price analysis, check to measure Southwest Airlines' 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 Southwest Airlines is operating at the current time. Most of Southwest Airlines' value examination focuses on studying past and present price action to predict the probability of Southwest Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southwest Airlines' price. Additionally, you may evaluate how the addition of Southwest Airlines to your portfolios can decrease your overall portfolio volatility.
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Is Southwest Airlines' 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 Southwest Airlines. If investors know Southwest 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 Southwest Airlines 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 (0.30) | Dividend Share 0.72 | Earnings Share 0.64 | Revenue Per Share 44.841 | Quarterly Revenue Growth 0.109 |
The market value of Southwest Airlines is measured differently than its book value, which is the value of Southwest that is recorded on the company's balance sheet. Investors also form their own opinion of Southwest Airlines' value that differs from its market value or its book value, called intrinsic value, which is Southwest Airlines' 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 Southwest Airlines' market value can be influenced by many factors that don't directly affect Southwest Airlines' 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 Southwest Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southwest Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southwest Airlines' 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.