Spirit Long Term Debt Total vs Net Working Capital Analysis
SAVE Stock | USD 3.84 0.44 12.94% |
Spirit Airlines financial indicator trend analysis is much more than just breaking down Spirit Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Airlines is a good investment. Please check the relationship between Spirit Airlines Long Term Debt Total and its Net Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit 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 real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.
Long Term Debt Total vs Net Working Capital
Long Term Debt Total vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Airlines Long Term Debt Total account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Spirit Airlines' Long Term Debt Total and Net Working Capital is -0.43. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Spirit Airlines, assuming nothing else is changed. The correlation between historical values of Spirit Airlines' Long Term Debt Total and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Spirit Airlines are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Debt Total i.e., Spirit Airlines' Long Term Debt Total and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Long Term Debt Total
Net Working Capital
Most indicators from Spirit Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirit Airlines 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit 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 real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.At present, Spirit Airlines' Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 121.1M | 100.8M | 122.5M | 128.6M | Depreciation And Amortization | 297.2M | 313.1M | 320.9M | 336.9M |
Spirit Airlines fundamental ratios Correlations
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Spirit Airlines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spirit Airlines fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.0B | 8.4B | 8.5B | 9.2B | 9.4B | 9.9B | |
Short Long Term Debt Total | 3.6B | 4.9B | 5.1B | 6.2B | 6.9B | 7.3B | |
Other Current Liab | 352.9M | 326.2M | 457.7M | 534.3M | 669.2M | 702.6M | |
Total Current Liabilities | 1.1B | 1.3B | 1.3B | 1.6B | 1.7B | 1.8B | |
Total Stockholder Equity | 2.3B | 2.2B | 2.1B | 1.6B | 1.1B | 1.2B | |
Property Plant And Equipment Net | 5.2B | 5.6B | 6.3B | 6.9B | 7.6B | 7.9B | |
Net Debt | 2.6B | 3.1B | 3.8B | 4.9B | 6.1B | 6.4B | |
Retained Earnings | 2.0B | 1.5B | 1.1B | 504.2M | 56.8M | 53.9M | |
Accounts Payable | 43.6M | 28.5M | 45.0M | 75.4M | 42.1M | 30.1M | |
Cash | 979.0M | 1.8B | 1.3B | 1.3B | 865.2M | 806.6M | |
Non Current Assets Total | 5.7B | 6.0B | 6.7B | 7.2B | 7.9B | 8.3B | |
Non Currrent Assets Other | (3.1M) | (2.7M) | 30.1M | 27.3M | 236.5M | 248.3M | |
Cash And Short Term Investments | 1.1B | 1.9B | 1.4B | 1.5B | 977.7M | 864.5M | |
Net Receivables | 94.8M | 190.4M | 166.7M | 233.5M | 205.5M | 215.7M | |
Common Stock Shares Outstanding | 68.6M | 84.7M | 105M | 108.8M | 109.2M | 76.2M | |
Liabilities And Stockholders Equity | 7.0B | 8.4B | 8.5B | 9.2B | 9.4B | 9.9B | |
Non Current Liabilities Total | 3.7B | 4.8B | 5.2B | 6.0B | 6.6B | 6.9B | |
Other Current Assets | 227.4M | 417.0M | 273.8M | 307.0M | 209.5M | 179.3M | |
Other Stockholder Equity | 306.9M | 725.4M | 1.1B | 1.1B | 1.1B | 1.1B | |
Total Liab | 4.8B | 6.1B | 6.4B | 7.6B | 8.3B | 8.7B | |
Property Plant And Equipment Gross | 4.9B | 5.2B | 3.9B | 3.7B | 8.7B | 9.2B | |
Total Current Assets | 1.4B | 2.4B | 1.8B | 2.0B | 1.5B | 1.1B | |
Accumulated Other Comprehensive Income | (787K) | (618K) | (532K) | (596K) | (67K) | (70.4K) | |
Short Term Debt | 400.2M | 585.4M | 390.6M | 557.3M | 576.6M | 605.4M | |
Other Liab | 491.6M | 492.0M | 423.2M | 360.5M | 414.6M | 252.8M | |
Other Assets | 758.1M | 5.7B | 890.4M | 741.7M | 853.0M | 963.8M | |
Long Term Debt | 2.0B | 3.1B | 3.0B | 3.2B | 3.1B | 3.2B | |
Short Term Investments | 105.3M | 106.3M | 106.3M | 107.1M | 112.5M | 70.9M | |
Property Plant Equipment | 4.9B | 3.8B | 3.9B | 3.7B | 4.3B | 4.5B | |
Current Deferred Revenue | 315.4M | 402.0M | 382.3M | 429.6M | 383.8M | 288.0M | |
Net Tangible Assets | 2.3B | 3.5B | 3.9B | 4.0B | 4.6B | 4.9B | |
Capital Surpluse | 379.4M | 799.5M | 1.1B | 1.1B | 1.3B | 692.4M | |
Deferred Long Term Liab | 361.6M | 492.0M | 423.2M | 360.5M | 414.6M | 234.2M | |
Treasury Stock | (67.0M) | (72.5M) | (74.1M) | (75.6M) | (68.1M) | (71.5M) | |
Short Long Term Debt | 258.9M | 384.2M | 208.9M | 346.9M | 315.6M | 213.2M | |
Long Term Debt Total | 2.0B | 3.1B | 3.0B | 3.2B | 3.7B | 2.2B |
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When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' 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 Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit 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 real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running Spirit Airlines' price analysis, check to measure Spirit 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 Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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Is Spirit 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 Spirit Airlines. If investors know Spirit 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 Spirit 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 (0.14) | Earnings Share (4.45) | Revenue Per Share 48.322 | Quarterly Revenue Growth (0.06) | Return On Assets (0.03) |
The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit 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 Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit 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 Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit 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.