Allegiant Retained Earnings vs Other Stockholder Equity Analysis

ALGT Stock

USD 54.76 0.68 1.23%

Allegiant Travel financial indicator trend analysis is way more than just evaluating Allegiant Travel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegiant Travel is a good investment. Please check the relationship between Allegiant Travel Retained Earnings and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.

Retained Earnings vs Other Stockholder Equity

Retained Earnings vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegiant Travel Retained Earnings account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Allegiant Travel's Retained Earnings and Other Stockholder Equity is -0.22. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Allegiant Travel, assuming nothing else is changed. The correlation between historical values of Allegiant Travel's Retained Earnings and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Allegiant Travel are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Retained Earnings i.e., Allegiant Travel's Retained Earnings and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Stockholder Equity

Most indicators from Allegiant Travel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegiant Travel 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.At this time, Allegiant Travel's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 4.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 105 M in 2024.

	2023	2024 (projected)
Extraordinary Items	67.3M	59.8M
Reconciled Depreciation	216.4M	185.1M

Extraordinary Items Reconciled Depreciation

Allegiant Travel fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Long Term Debt
Total Assets		0.95	0.29	0.29	0.21	0.97	0.89	0.94	0.9	0.92	0.88	0.86	0.9	0.56	0.92	0.69	0.68	0.22	0.89	0.72	0.66	0.94	0.66	0.8	0.87	0.89
Total Stockholder Equity	0.95		0.02	0.35	0.2	0.89	0.94	0.92	0.93	0.96	0.93	0.91	0.96	0.69	0.96	0.66	0.79	0.44	0.95	0.8	0.7	0.97	0.79	0.82	0.94	0.94
Other Assets	0.29	0.02		0.1	0.3	0.36	-0.16	0.09	-0.09	-0.09	-0.17	-0.1	-0.06	-0.07	-0.08	0.05	-0.15	-0.77	-0.17	-0.05	-0.02	-0.03	-0.21	-0.14	-0.15	-0.15
Common Stock Shares Outstanding	0.29	0.35	0.1		0.3	0.25	0.17	0.29	0.29	0.2	0.14	0.22	0.3	0.4	0.2	0.19	0.36	0.04	0.18	0.51	0.14	0.22	0.35	0.14	0.44	0.17
Other Stockholder Equity	0.21	0.2	0.3	0.3		0.16	-0.01	0.18	0.09	0.02	-0.06	-0.22	0.28	0.36	0.03	0.38	0.19	-0.25	0.02	0.08	0.44	0.16	0.16	0.01	0.07	-0.04
Total Liab	0.97	0.89	0.36	0.25	0.16		0.82	0.89	0.87	0.87	0.81	0.82	0.79	0.46	0.87	0.75	0.56	0.07	0.8	0.6	0.47	0.89	0.52	0.82	0.79	0.8
Short Long Term Debt Total	0.89	0.94	-0.16	0.17	-0.01	0.82		0.92	0.96	0.99	1.0	0.95	0.94	0.57	0.99	0.63	0.75	0.61	1.0	0.75	0.69	0.98	0.77	0.88	0.95	1.0
Other Current Liab	0.94	0.92	0.09	0.29	0.18	0.89	0.92		0.97	0.95	0.92	0.84	0.91	0.44	0.95	0.79	0.6	0.34	0.9	0.71	0.68	0.96	0.61	0.88	0.93	0.9
Total Current Liabilities	0.9	0.93	-0.09	0.29	0.09	0.87	0.96	0.97		0.98	0.96	0.89	0.92	0.44	0.98	0.8	0.62	0.48	0.94	0.71	0.62	0.98	0.64	0.96	0.96	0.93
Property Plant And Equipment Net	0.92	0.96	-0.09	0.2	0.02	0.87	0.99	0.95	0.98		0.99	0.95	0.94	0.52	1.0	0.7	0.69	0.52	0.98	0.74	0.65	0.99	0.7	0.91	0.95	0.98
Net Debt	0.88	0.93	-0.17	0.14	-0.06	0.81	1.0	0.92	0.96	0.99		0.95	0.92	0.5	0.99	0.65	0.69	0.6	0.99	0.72	0.67	0.97	0.72	0.9	0.94	0.99
Retained Earnings	0.86	0.91	-0.1	0.22	-0.22	0.82	0.95	0.84	0.89	0.95	0.95		0.84	0.53	0.94	0.5	0.71	0.54	0.94	0.76	0.52	0.9	0.72	0.81	0.9	0.95
Accounts Payable	0.9	0.96	-0.06	0.3	0.28	0.79	0.94	0.91	0.92	0.94	0.92	0.84		0.65	0.94	0.66	0.77	0.53	0.95	0.77	0.82	0.96	0.79	0.81	0.92	0.93
Cash	0.56	0.69	-0.07	0.4	0.36	0.46	0.57	0.44	0.44	0.52	0.5	0.53	0.65		0.52	0.14	0.92	0.39	0.62	0.67	0.62	0.56	0.88	0.25	0.6	0.6
Non Current Assets Total	0.92	0.96	-0.08	0.2	0.03	0.87	0.99	0.95	0.98	1.0	0.99	0.94	0.94	0.52		0.71	0.69	0.51	0.98	0.74	0.66	0.99	0.7	0.91	0.95	0.98
Non Currrent Assets Other	0.69	0.66	0.05	0.19	0.38	0.75	0.63	0.79	0.8	0.7	0.65	0.5	0.66	0.14	0.71		0.23	0.09	0.6	0.32	0.35	0.75	0.21	0.87	0.64	0.56
Cash And Short Term Investments	0.68	0.79	-0.15	0.36	0.19	0.56	0.75	0.6	0.62	0.69	0.69	0.71	0.77	0.92	0.69	0.23		0.6	0.78	0.84	0.71	0.71	0.99	0.44	0.76	0.77
Net Receivables	0.22	0.44	-0.77	0.04	-0.25	0.07	0.61	0.34	0.48	0.52	0.6	0.54	0.53	0.39	0.51	0.09	0.6		0.62	0.52	0.52	0.47	0.68	0.43	0.58	0.61
Non Current Liabilities Total	0.89	0.95	-0.17	0.18	0.02	0.8	1.0	0.9	0.94	0.98	0.99	0.94	0.95	0.62	0.98	0.6	0.78	0.62		0.77	0.73	0.97	0.8	0.85	0.95	1.0
Inventory	0.72	0.8	-0.05	0.51	0.08	0.6	0.75	0.71	0.71	0.74	0.72	0.76	0.77	0.67	0.74	0.32	0.84	0.52	0.77		0.62	0.73	0.86	0.53	0.82	0.77
Other Current Assets	0.66	0.7	-0.02	0.14	0.44	0.47	0.69	0.68	0.62	0.65	0.67	0.52	0.82	0.62	0.66	0.35	0.71	0.52	0.73	0.62		0.71	0.76	0.45	0.68	0.71
Property Plant And Equipment Gross	0.94	0.97	-0.03	0.22	0.16	0.89	0.98	0.96	0.98	0.99	0.97	0.9	0.96	0.56	0.99	0.75	0.71	0.47	0.97	0.73	0.71		0.72	0.91	0.94	0.96
Total Current Assets	0.66	0.79	-0.21	0.35	0.16	0.52	0.77	0.61	0.64	0.7	0.72	0.72	0.79	0.88	0.7	0.21	0.99	0.68	0.8	0.86	0.76	0.72		0.45	0.78	0.8
Short Term Debt	0.8	0.82	-0.14	0.14	0.01	0.82	0.88	0.88	0.96	0.91	0.9	0.81	0.81	0.25	0.91	0.87	0.44	0.43	0.85	0.53	0.45	0.91	0.45		0.84	0.83
Current Deferred Revenue	0.87	0.94	-0.15	0.44	0.07	0.79	0.95	0.93	0.96	0.95	0.94	0.9	0.92	0.6	0.95	0.64	0.76	0.58	0.95	0.82	0.68	0.94	0.78	0.84		0.94
Long Term Debt	0.89	0.94	-0.15	0.17	-0.04	0.8	1.0	0.9	0.93	0.98	0.99	0.95	0.93	0.6	0.98	0.56	0.77	0.61	1.0	0.77	0.71	0.96	0.8	0.83	0.94

Click cells to compare fundamentals

Allegiant Travel Account Relationship Matchups

Allegiant Travel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	685.3M	4.0B	4.5B	4.9B	5.2B
Total Stockholder Equity	883.6M	699.4M	1.2B	1.2B	1.3B	1.4B
Other Assets	174.2M	(2.6B)	4.0K	251.3M	1.0	1.05
Common Stock Shares Outstanding	16.0M	16.0M	17.2M	18.0M	18.0M	18.0M
Liabilities And Stockholders Equity	3.0B	685.3M	4.0B	4.5B	4.9B	5.2B
Other Stockholder Equity	(327.6M)	(316.2M)	54.0M	49.5M	59.1M	62.0M
Total Liab	2.1B	(14.1M)	2.8B	2.1B	3.6B	3.8B
Short Long Term Debt Total	1.4B	1.8B	1.9B	2.2B	2.4B	2.5B
Other Current Liab	161.7M	116.1M	162.9M	259.2M	305.1M	320.3M
Total Current Liabilities	612.6M	689.3M	663.0M	869.8M	1.2B	1.3B
Property Plant And Equipment Net	2.3B	2.2B	2.4B	2.9B	3.5B	3.7B
Net Debt	1.3B	1.6B	1.5B	2.0B	2.2B	2.3B
Retained Earnings	1.2B	1.0B	1.2B	1.2B	1.3B	1.3B
Accounts Payable	27.7M	34.2M	43.6M	58.3M	54.5M	57.2M
Cash	121.9M	152.8M	365.6M	230M	159.6M	129.2M
Non Current Assets Total	2.4B	2.3B	2.7B	3.2B	3.9B	4.1B
Non Currrent Assets Other	(58.4M)	138.2M	260.8M	93.9M	4.1B	4.3B
Cash And Short Term Investments	457.8M	685.3M	1.2B	955.1M	831.0M	431.8M
Net Receivables	25.5M	192.2M	62.7M	106.6M	70.7M	40.5M
Non Current Liabilities Total	1.5B	1.9B	2.1B	2.4B	2.4B	2.5B
Inventory	28.4M	24.0M	27.5M	35.5M	36.3M	18.4M
Other Current Assets	1.0M	42.1M	65.5M	161.6M	63.1M	66.2M
Property Plant And Equipment Gross	2.2B	2.2B	3.1B	3.7B	4.5B	4.7B
Total Current Assets	562.2M	943.6M	1.3B	1.3B	1.0B	541.7M
Accumulated Other Comprehensive Income	98K	(27K)	2.1M	1.3M	4.0M	4.2M
Short Term Debt	173.3M	231.5M	149.1M	172.9M	460.8M	483.9M
Current Deferred Revenue	250.0M	307.5M	307.5M	379.5M	391.9M	411.5M
Long Term Debt	1.2B	1.4B	1.6B	1.9B	1.8B	1.9B
Short Term Investments	335.9M	532.5M	817.2M	725.1M	671.4M	705.0M
Treasury Stock	(605.0M)	(617.6M)	(646.0M)	(638.1M)	(574.3M)	(545.5M)
Property Plant Equipment	2.2B	2.1B	2.4B	2.9B	3.4B	3.5B
Net Tangible Assets	883.6M	699.4M	1.2B	1.2B	1.4B	710.1M
Retained Earnings Total Equity	1.0B	1.2B	1.0B	1.2B	1.3B	703.6M
Long Term Debt Total	1.1B	1.2B	1.4B	1.6B	1.9B	932.7M
Capital Surpluse	270.9M	289.9M	329.8M	692.1M	795.9M	835.7M
Deferred Long Term Liab	232.5M	301.8M	146.9M	157.4M	181.0M	121.5M
Long Term Investments	15.5M	0.0	2.2M	63.3M	56.0M	37.2M

Pair Trading with Allegiant Travel

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 Allegiant Travel 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 Allegiant Travel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegiant Stock

0.73	SAIA	Saia Inc	Pair Corr
0.92	SRFM	Surf Air Mobility	Pair Corr

Moving against Allegiant Stock

0.94	GE	GE Aerospace Financial Report 23rd of July 2024	Pair Corr
0.89	DAL	Delta Air Lines Financial Report 11th of July 2024	Pair Corr
0.85	CR	Crane Company	Pair Corr
0.84	GD	General Dynamics Financial Report 24th of July 2024	Pair Corr
0.82	BZ	Kanzhun Ltd ADR Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Allegiant Travel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegiant Travel 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 Allegiant Travel - 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 Allegiant Travel to buy it.

The correlation of Allegiant Travel 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 Allegiant Travel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegiant Travel 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 Allegiant Travel 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.

Pair Correlation Correlation Matching

When determining whether Allegiant Travel is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Allegiant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Allegiant Travel Stock. Highlighted below are key reports to facilitate an investment decision about Allegiant Travel Stock:

How To Invest In Allegiant

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Is Allegiant Stock a good investment?

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What is Allegiant Travel's Net Worth?

Details

Largest Passenger Airlines Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.

Note that the Allegiant Travel information on this page should be used as a complementary analysis to other Allegiant Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Allegiant Stock analysis

When running Allegiant Travel's price analysis, check to measure Allegiant Travel's 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 Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.

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Is Allegiant Travel's 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 Allegiant Travel. If investors know Allegiant 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 Allegiant Travel 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

18.984

Dividend Share

1.8

Earnings Share

3.13

Revenue Per Share

140.438

Quarterly Revenue Growth

0.01

The market value of Allegiant Travel is measured differently than its book value, which is the value of Allegiant that is recorded on the company's balance sheet. Investors also form their own opinion of Allegiant Travel's value that differs from its market value or its book value, called intrinsic value, which is Allegiant Travel's 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 Allegiant Travel's market value can be influenced by many factors that don't directly affect Allegiant Travel's 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 Allegiant Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegiant Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegiant Travel's 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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Allegiant Retained Earnings vs Other Stockholder Equity Analysis

Retained Earnings vs Other Stockholder Equity

Retained Earnings vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Retained Earnings

Other Stockholder Equity

Allegiant Travel fundamental ratios Correlations

Allegiant Travel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allegiant Travel fundamental ratios Accounts

Pair Trading with Allegiant Travel

Moving together with Allegiant Stock

Moving against Allegiant Stock

Complementary Tools for Allegiant Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Long Term Debt	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total

Net Receivables	- 0.77	Other Assets
Net Receivables	- 0.25	Other Stockholder Equity
Retained Earnings	- 0.22	Other Stockholder Equity
Total Current Assets	- 0.21	Other Assets
Non Current Liabilities Total	- 0.17	Other Assets
Net Debt	- 0.17	Other Assets