Spirit Total Stockholder Equity vs Cash And Short Term Investments Analysis
SPR Stock | USD 30.32 0.13 0.43% |
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 Total Stockholder Equity and its Cash And Short Term Investments 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.
Total Stockholder Equity vs Cash And Short Term Investments
Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Aerosystems Total Stockholder Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Spirit Aerosystems' Total Stockholder Equity and Cash And Short Term Investments is -0.05. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments 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' Total Stockholder Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Spirit Aerosystems Holdings are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Spirit Aerosystems' Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Spirit Aerosystems balance sheet. This account contains Spirit Aerosystems investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Spirit Aerosystems Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 06/01/2024, 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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Spirit Stock analysis
When running Spirit Aerosystems' price analysis, check to measure Spirit Aerosystems' 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 Aerosystems is operating at the current time. Most of Spirit Aerosystems' value examination focuses on studying past and present price action to predict the probability of Spirit Aerosystems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Aerosystems' price. Additionally, you may evaluate how the addition of Spirit Aerosystems to your portfolios can decrease your overall portfolio volatility.
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Transaction History View history of all your transactions and understand their impact on performance | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
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.