Spirit Aerosystems Holdings Stock Current Ratio

SPR Stock

USD 32.93 0.22 0.66%

Spirit Aerosystems Holdings fundamentals help investors to digest information that contributes to Spirit Aerosystems' financial success or failures. It also enables traders to predict the movement of Spirit Stock. The fundamental analysis module provides a way to measure Spirit Aerosystems' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Spirit Aerosystems stock.

		Last Reported	Projected for Next Year
	Current Ratio	1.71	2.68

As of 04/23/2024, Current Ratio is likely to grow to 2.68.

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Spirit Aerosystems Holdings Company Current Ratio Analysis

Spirit Aerosystems' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Spirit Aerosystems Current Ratio

1.42 X

Most of Spirit Aerosystems' fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Spirit Aerosystems Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Spirit Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Spirit Aerosystems is extremely important. It helps to project a fair market value of Spirit Stock properly, considering its historical fundamentals such as Current Ratio. Since Spirit Aerosystems' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Spirit Aerosystems' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Spirit Aerosystems' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Treasury Stock	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.14	0.23	0.48	0.57	0.66	0.72	0.79	0.9	0.94	0.59	0.55	-0.37	0.74	0.57	-0.27	0.02	0.63	0.32	0.02	-0.73	0.15	0.53	0.63	0.74	0.71	0.13
Total Stockholder Equity	-0.14		-0.17	-0.88	0.42	-0.2	-0.77	-0.32	-0.5	0.04	-0.2	-0.84	0.58	-0.25	-0.85	0.63	0.13	-0.82	-0.41	0.23	0.52	0.54	-0.11	-0.11	-0.43	-0.26	-0.67
Current Deferred Revenue	0.23	-0.17		0.11	0.32	0.27	0.23	0.44	0.27	0.12	0.03	0.14	-0.36	0.43	0.18	0.05	-0.31	0.3	0.43	0.56	-0.44	0.1	0.01	0.09	0.13	0.14	0.24
Net Debt	0.48	-0.88	0.11		-0.22	0.43	0.91	0.51	0.72	0.33	0.33	0.92	-0.55	0.39	0.95	-0.77	-0.01	0.88	0.31	-0.21	-0.65	-0.49	0.21	0.2	0.55	0.37	0.69
Retained Earnings	0.57	0.42	0.32	-0.22		0.39	0.08	0.57	0.33	0.54	0.29	-0.16	-0.39	0.47	-0.16	0.34	0.24	0.03	0.15	0.31	-0.54	0.58	0.32	0.47	0.37	0.46	-0.38
Accounts Payable	0.66	-0.2	0.27	0.43	0.39		0.54	0.86	0.65	0.63	-0.01	0.23	-0.27	0.65	0.3	-0.21	0.13	0.51	0.38	-0.07	-0.61	0.07	-0.12	0.25	0.35	0.33	0.29
Long Term Debt	0.72	-0.77	0.23	0.91	0.08	0.54		0.69	0.88	0.59	0.48	0.91	-0.67	0.57	0.93	-0.62	-0.08	0.97	0.42	-0.17	-0.83	-0.22	0.37	0.55	0.82	0.68	0.57
Net Receivables	0.79	-0.32	0.44	0.51	0.57	0.86	0.69		0.83	0.66	0.3	0.44	-0.58	0.86	0.49	-0.18	0.07	0.68	0.6	0.06	-0.87	0.08	0.24	0.43	0.57	0.54	0.2
Total Liab	0.9	-0.5	0.27	0.72	0.33	0.65	0.88	0.83		0.76	0.59	0.78	-0.5	0.74	0.79	-0.46	-0.06	0.82	0.45	-0.1	-0.82	-0.08	0.52	0.54	0.75	0.66	0.24
Total Current Assets	0.94	0.04	0.12	0.33	0.54	0.63	0.59	0.66	0.76		0.53	0.37	-0.17	0.59	0.39	-0.15	-0.04	0.49	0.17	-0.06	-0.54	0.29	0.45	0.69	0.7	0.72	0.13
Short Term Debt	0.59	-0.2	0.03	0.33	0.29	-0.01	0.48	0.3	0.59	0.53		0.55	-0.34	0.33	0.49	-0.06	-0.05	0.42	0.13	-0.06	-0.46	0.08	0.98	0.54	0.61	0.67	0.02
Intangible Assets	0.55	-0.84	0.14	0.92	-0.16	0.23	0.91	0.44	0.78	0.37	0.55		-0.56	0.43	0.99	-0.71	-0.09	0.88	0.35	-0.13	-0.65	-0.42	0.47	0.33	0.66	0.49	0.52
Common Stock	-0.37	0.58	-0.36	-0.55	-0.39	-0.27	-0.67	-0.58	-0.5	-0.17	-0.34	-0.56		-0.46	-0.57	0.24	-0.23	-0.71	-0.46	-0.13	0.87	-0.06	-0.3	-0.46	-0.67	-0.58	-0.33
Property Plant Equipment	0.74	-0.25	0.43	0.39	0.47	0.65	0.57	0.86	0.74	0.59	0.33	0.43	-0.46		0.47	0.03	0.11	0.63	0.84	0.32	-0.71	0.09	0.33	0.34	0.48	0.44	0.16
Good Will	0.57	-0.85	0.18	0.95	-0.16	0.3	0.93	0.49	0.79	0.39	0.49	0.99	-0.57	0.47		-0.72	-0.07	0.91	0.38	-0.1	-0.67	-0.42	0.4	0.31	0.65	0.47	0.58
Net Tangible Assets	-0.27	0.63	0.05	-0.77	0.34	-0.21	-0.62	-0.18	-0.46	-0.15	-0.06	-0.71	0.24	0.03	-0.72		0.02	-0.5	0.2	0.3	0.32	0.58	0.05	0.01	-0.27	-0.07	-0.46
Short Term Investments	0.02	0.13	-0.31	-0.01	0.24	0.13	-0.08	0.07	-0.06	-0.04	-0.05	-0.09	-0.23	0.11	-0.07	0.02		-0.08	0.01	0.32	-0.12	0.21	-0.05	-0.2	-0.1	-0.09	0.02
Long Term Debt Total	0.63	-0.82	0.3	0.88	0.03	0.51	0.97	0.68	0.82	0.49	0.42	0.88	-0.71	0.63	0.91	-0.5	-0.08		0.59	-0.09	-0.82	-0.21	0.32	0.52	0.79	0.66	0.63
Capital Surpluse	0.32	-0.41	0.43	0.31	0.15	0.38	0.42	0.6	0.45	0.17	0.13	0.35	-0.46	0.84	0.38	0.2	0.01	0.59		0.32	-0.52	0.02	0.16	0.19	0.32	0.28	0.25
Deferred Long Term Liab	0.02	0.23	0.56	-0.21	0.31	-0.07	-0.17	0.06	-0.1	-0.06	-0.06	-0.13	-0.13	0.32	-0.1	0.3	0.32	-0.09	0.32		-0.08	0.39	0.0	-0.21	-0.17	-0.17	0.01
Treasury Stock	-0.73	0.52	-0.44	-0.65	-0.54	-0.61	-0.83	-0.87	-0.82	-0.54	-0.46	-0.65	0.87	-0.71	-0.67	0.32	-0.12	-0.82	-0.52	-0.08		-0.03	-0.39	-0.55	-0.76	-0.68	-0.3
Long Term Investments	0.15	0.54	0.1	-0.49	0.58	0.07	-0.22	0.08	-0.08	0.29	0.08	-0.42	-0.06	0.09	-0.42	0.58	0.21	-0.21	0.02	0.39	-0.03		0.1	0.43	0.21	0.36	-0.33
Short Long Term Debt	0.53	-0.11	0.01	0.21	0.32	-0.12	0.37	0.24	0.52	0.45	0.98	0.47	-0.3	0.33	0.4	0.05	-0.05	0.32	0.16	0.0	-0.39	0.1		0.49	0.54	0.59	-0.13
Cash And Equivalents	0.63	-0.11	0.09	0.2	0.47	0.25	0.55	0.43	0.54	0.69	0.54	0.33	-0.46	0.34	0.31	0.01	-0.2	0.52	0.19	-0.21	-0.55	0.43	0.49		0.92	0.97	0.07
Net Invested Capital	0.74	-0.43	0.13	0.55	0.37	0.35	0.82	0.57	0.75	0.7	0.61	0.66	-0.67	0.48	0.65	-0.27	-0.1	0.79	0.32	-0.17	-0.76	0.21	0.54	0.92		0.96	0.27
Net Working Capital	0.71	-0.26	0.14	0.37	0.46	0.33	0.68	0.54	0.66	0.72	0.67	0.49	-0.58	0.44	0.47	-0.07	-0.09	0.66	0.28	-0.17	-0.68	0.36	0.59	0.97	0.96		0.21
Capital Stock	0.13	-0.67	0.24	0.69	-0.38	0.29	0.57	0.2	0.24	0.13	0.02	0.52	-0.33	0.16	0.58	-0.46	0.02	0.63	0.25	0.01	-0.3	-0.33	-0.13	0.07	0.27	0.21

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Spirit Current Ratio Historical Pattern

Today, most investors in Spirit Aerosystems Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Spirit Aerosystems' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Spirit Aerosystems current ratio as a starting point in their analysis.

Spirit Aerosystems Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Spirit Aerosystems

Current Ratio Over Time

Spirit Price To Sales Ratio

Price To Sales Ratio

0.56

At this time, Spirit Aerosystems' Price To Sales Ratio is relatively stable compared to the past year.

In accordance with the recently published financial statements, Spirit Aerosystems Holdings has a Current Ratio of 1.42 times. This is 31.07% lower than that of the Aerospace & Defense sector and 49.47% lower than that of the Industrials industry. The current ratio for all United States stocks is 34.26% higher than that of the company.

Spirit Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Spirit Aerosystems' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Spirit Aerosystems could also be used in its relative valuation, which is a method of valuing Spirit Aerosystems by comparing valuation metrics of similar companies.

Spirit Aerosystems is currently under evaluation in current ratio category among related companies.

Spirit Aerosystems ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Spirit Aerosystems' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Spirit Aerosystems' managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Spirit Fundamentals

	Return On Equity	-5.33
	Return On Asset	-0.0194
	Profit Margin	(0.10) %
	Operating Margin	0.12 %
	Current Valuation	7.18 B
	Shares Outstanding	116.22 M
	Shares Owned By Insiders	0.82 %
	Shares Owned By Institutions	98.23 %
	Number Of Shares Shorted	10.23 M
	Price To Earning	9.96 X
	Price To Book	10.93 X
	Price To Sales	0.66 X
	Revenue	6.05 B
	Gross Profit	58.2 M
	EBITDA	188.6 M
	Net Income	(616.2 M)
	Cash And Equivalents	658.6 M
	Cash Per Share	6.37 X
	Total Debt	4.18 B
	Current Ratio	1.42 X
	Book Value Per Share	(4.31) X
	Cash Flow From Operations	(225.8 M)
	Short Ratio	2.22 X
	Earnings Per Share	(5.78) X
	Price To Earnings To Growth	1.30 X
	Target Price	35.17
	Number Of Employees	20.66 K
	Beta	1.79
	Market Capitalization	3.83 B
	Total Asset	6.95 B
	Retained Earnings	616.3 M
	Working Capital	1.55 B
	Current Asset	3.3 B
	Current Liabilities	1.46 B
	Five Year Return	0.47 %
	Net Asset	6.95 B

About Spirit Aerosystems Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Spirit Aerosystems Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spirit Aerosystems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spirit Aerosystems Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Spirit Aerosystems Investors Sentiment

The influence of Spirit Aerosystems' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Spirit. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Spirit Aerosystems' public news can be used to forecast risks associated with an investment in Spirit. The trend in average sentiment can be used to explain how an investor holding Spirit can time the market purely based on public headlines and social activities around Spirit Aerosystems Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Spirit Aerosystems' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Spirit Aerosystems' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Spirit Aerosystems' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Spirit Aerosystems.

Spirit Aerosystems Implied Volatility

62.95

Spirit Aerosystems' implied volatility exposes the market's sentiment of Spirit Aerosystems Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Spirit Aerosystems' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Spirit Aerosystems stock will not fluctuate a lot when Spirit Aerosystems' options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Spirit Aerosystems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Spirit Aerosystems' short interest history, or implied volatility extrapolated from Spirit Aerosystems options trading.

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When determining whether Spirit Aerosystems is a strong investment it is important to analyze Spirit Aerosystems' 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 Aerosystems' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:

How To Invest In Spirit

Details

Is Spirit Stock a good investment?

Details

What is Spirit Aerosystems' Net Worth?

Details

Largest Aerospace & Defense Companies

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Largest Industrials Companies

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Check out Spirit Aerosystems Piotroski F Score and Spirit Aerosystems Altman Z Score analysis.

You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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.

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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

(5.78)

Revenue Per Share

56.735

Quarterly Revenue Growth

0.373

Return On Assets

(0.02)

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.

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Spirit Aerosystems Holdings Stock Current Ratio

Spirit Aerosystems Holdings Company Current Ratio Analysis

Current Ratio

Current Asset

Current Liabilities

Current Spirit Aerosystems Current Ratio

Spirit Current Ratio Driver Correlations

Spirit Current Ratio Historical Pattern

Spirit Price To Sales Ratio

Price To Sales Ratio

0.56

Spirit Current Ratio Peer Comparison

Spirit Aerosystems ESG Sustainability

Spirit Fundamentals

About Spirit Aerosystems Fundamental Analysis

Spirit Aerosystems Investors Sentiment

Spirit Aerosystems Implied Volatility

Currently Active Assets on Macroaxis

Complementary Tools for Spirit Stock analysis

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