Allegiant Total Current Assets vs Property Plant Equipment Analysis

ALGT Stock

USD 54.56 2.18 3.84%

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 Total Current Assets and its Property Plant Equipment 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.

Total Current Assets vs Property Plant Equipment

Total Current Assets vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegiant Travel Total Current Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.

The correlation between Allegiant Travel's Total Current Assets and Property Plant Equipment is 0.72. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant Equipment 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 Total Current Assets and Property Plant Equipment 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 Current Assets of Allegiant Travel are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Current Assets i.e., Allegiant Travel's Total Current Assets and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Property Plant Equipment

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	0.7	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	0.11	-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	0.2	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	0.4	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	0.76	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	0.62	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	0.78	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	0.79	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	0.69	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	0.63	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	0.49	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	0.13	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		0.7	0.69	0.51	0.98	0.74	0.66	0.99	0.7	0.91	0.95	0.98
Non Currrent Assets Other	0.7	0.66	0.11	0.2	0.4	0.76	0.62	0.78	0.79	0.69	0.63	0.49	0.66	0.13	0.7		0.22	0.04	0.58	0.31	0.34	0.74	0.2	0.86	0.63	0.55
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	0.22		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	0.04	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	0.58	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	0.31	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	0.34	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	0.74	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	0.2	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	0.86	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	0.63	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	0.55	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)	(163.6M)	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

Allegiant Travel Investors Sentiment

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

Allegiant Travel's 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 Allegiant Travel's 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 Allegiant Travel's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allegiant Travel.

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 Allegiant Travel 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, Allegiant Travel's short interest history, or implied volatility extrapolated from Allegiant Travel options trading.

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

0.71

AAL

American Airlines Financial Report 18th of July 2024

Pair Corr

Moving against Allegiant Stock

0.91	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.84	GD	General Dynamics Earnings Call Today	Pair Corr
0.81	BZ	Kanzhun Ltd ADR Financial Report 22nd of May 2024	Pair Corr
0.79	CR	Crane Company Financial Report 8th of May 2024	Pair Corr
0.78	CW	Curtiss Wright	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

Details

Is Allegiant Stock a good investment?

Details

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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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

1.2

Earnings Share

6.29

Revenue Per Share

139.864

Quarterly Revenue Growth

(0)

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 Total Current Assets vs Property Plant Equipment Analysis

Total Current Assets vs Property Plant Equipment

Total Current Assets vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Total Current Assets

Property Plant Equipment

Allegiant Travel fundamental ratios Correlations

Allegiant Travel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allegiant Travel fundamental ratios Accounts

Allegiant Travel Investors Sentiment

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