Spirit Cash And Equivalents vs Total Current Assets Analysis
SPR Stock | USD 30.51 0.48 1.55% |
Spirit Aerosystems financial indicator trend analysis is much more than just breaking down Spirit Aerosystems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Aerosystems is a good investment. Please check the relationship between Spirit Aerosystems Cash And Equivalents and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Aerosystems Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Cash And Equivalents vs Total Current Assets
Cash And Equivalents vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Aerosystems Cash And Equivalents account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Spirit Aerosystems' Cash And Equivalents and Total Current Assets is 0.69. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Spirit Aerosystems Holdings, assuming nothing else is changed. The correlation between historical values of Spirit Aerosystems' Cash And Equivalents and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Spirit Aerosystems Holdings are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash And Equivalents i.e., Spirit Aerosystems' Cash And Equivalents and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Equivalents
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Spirit Aerosystems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirit Aerosystems 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 Aerosystems Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Spirit Aerosystems' Tax Provision is relatively stable compared to the past year. As of 05/18/2024, Issuance Of Capital Stock is likely to grow to about 231.7 M, while Enterprise Value Over EBITDA is likely to drop 19.14.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 242.6M | 244.1M | 323.9M | 340.1M | Depreciation And Amortization | 327.6M | 337.1M | 315.6M | 210.2M |
Spirit Aerosystems fundamental ratios Correlations
Click cells to compare fundamentals
Spirit Aerosystems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spirit Aerosystems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.6B | 8.4B | 7.7B | 6.7B | 7.0B | 5.9B | |
Short Long Term Debt Total | 3.1B | 3.9B | 3.9B | 4.0B | 4.2B | 4.4B | |
Other Current Liab | 469.5M | 684.5M | 927.4M | 837.9M | 737.1M | 547.3M | |
Total Current Liabilities | 1.8B | 1.7B | 1.9B | 2.0B | 2.2B | 1.4B | |
Total Stockholder Equity | 1.8B | 856.5M | 448.3M | (247.5M) | (499.7M) | (474.7M) | |
Other Liab | 1.1B | 2.2B | 1.6B | 1.1B | 1.2B | 1.2B | |
Property Plant And Equipment Net | 2.3B | 2.6B | 2.5B | 2.3B | 2.2B | 1.9B | |
Current Deferred Revenue | 176.7M | 119.8M | 170.6M | 132.8M | 280.5M | 151.3M | |
Net Debt | 732.8M | 2.1B | 2.4B | 3.3B | 3.4B | 3.5B | |
Retained Earnings | 3.2B | 2.3B | 1.8B | 1.2B | 616.3M | 585.5M | |
Accounts Payable | 1.1B | 558.9M | 720.3M | 919.8M | 1.1B | 684.2M | |
Cash | 2.4B | 1.9B | 1.5B | 658.6M | 823.6M | 757.2M | |
Non Current Assets Total | 3.0B | 3.9B | 3.9B | 3.5B | 3.2B | 2.6B | |
Non Currrent Assets Other | 524.6M | 540.8M | 623.3M | 359.9M | 171.4M | 162.8M | |
Other Assets | 619.6M | 615M | 624.5M | 364.6M | 419.3M | 436.2M | |
Long Term Debt | 2.9B | 3.5B | 3.7B | 3.8B | 3.9B | 4.1B | |
Cash And Short Term Investments | 2.4B | 1.9B | 1.5B | 658.6M | 823.6M | 757.2M | |
Net Receivables | 1.1B | 852.8M | 904.8M | 990.5M | 1.1B | 635.8M | |
Common Stock Shares Outstanding | 104.7M | 103.9M | 104.2M | 104.6M | 106.6M | 100.1M | |
Liabilities And Stockholders Equity | 7.6B | 8.4B | 7.7B | 6.7B | 7.0B | 5.9B | |
Non Current Liabilities Total | 4.1B | 5.8B | 5.4B | 5.0B | 5.2B | 3.1B | |
Inventory | 1.1B | 1.4B | 1.4B | 1.5B | 1.8B | 1.3B | |
Other Current Assets | 98.7M | 336.3M | 39.7M | 38.3M | 47.2M | 44.8M | |
Other Stockholder Equity | (1.3B) | (1.3B) | (1.3B) | (1.3B) | (1.0B) | (976.2M) | |
Total Liab | 5.8B | 7.5B | 7.3B | 6.9B | 7.4B | 4.5B | |
Property Plant And Equipment Gross | 2.3B | 2.6B | 2.4B | 2.2B | 5.4B | 5.7B | |
Total Current Assets | 4.6B | 4.5B | 3.8B | 3.2B | 3.8B | 3.3B | |
Accumulated Other Comprehensive Income | (109.2M) | (154.1M) | (23.7M) | (203.9M) | (89.6M) | (94.1M) | |
Short Term Debt | 56.2M | 346.2M | 57.7M | 62M | 73.9M | 51.1M | |
Intangible Assets | 1.2M | 215.2M | 212.3M | 211.4M | 196.2M | 206.0M | |
Property Plant Equipment | 2.3B | 2.5B | 2.5B | 2.3B | 2.6B | 1.8B | |
Net Tangible Assets | 2.4B | 1.7B | (387.7M) | 266.7M | 240.0M | 228.0M | |
Retained Earnings Total Equity | 3.2B | 2.3B | 1.8B | 1.2B | 1.4B | 1.8B | |
Long Term Debt Total | 3.0B | 3.5B | 3.7B | 3.8B | 4.4B | 4.6B |
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Is Spirit Aerosystems' 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 Aerosystems. 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 Aerosystems 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 (0.21) | Earnings Share (8.41) | Revenue Per Share 57.75 | Quarterly Revenue Growth 0.19 | Return On Assets (0.06) |
The market value of Spirit Aerosystems 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 Aerosystems' value that differs from its market value or its book value, called intrinsic value, which is Spirit Aerosystems' 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 Aerosystems' market value can be influenced by many factors that don't directly affect Spirit Aerosystems' 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 Aerosystems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Aerosystems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Aerosystems' 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.