Air Long Term Debt vs Total Liab Analysis
ATSG Stock | USD 12.77 0.05 0.39% |
Air Transport financial indicator trend analysis is way more than just evaluating Air Transport Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Transport Services is a good investment. Please check the relationship between Air Transport Long Term Debt and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Long Term Debt vs Total Liab
Long Term Debt vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Transport Services Long Term Debt account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Air Transport's Long Term Debt and Total Liab is 0.98. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Air Transport Services, assuming nothing else is changed. The correlation between historical values of Air Transport's Long Term Debt and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Air Transport Services are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Long Term Debt i.e., Air Transport's Long Term Debt and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Air Transport Services has held for over one year. Long-term debt appears on Air Transport Services balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Air Transport Services balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Air Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air Transport Services 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 Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Air Transport's Enterprise Value Over EBITDA is most likely to increase slightly in the upcoming years. The Air Transport's current Enterprise Value Multiple is estimated to increase to 5.75, while Selling General Administrative is projected to decrease to roughly 9.3 M.
2020 | 2021 | 2023 | 2024 (projected) | Gross Profit | 373.9M | 485.8M | 199.8M | 189.8M | Total Revenue | 1.7B | 2.0B | 2.1B | 1.3B |
Air Transport fundamental ratios Correlations
Click cells to compare fundamentals
Air Transport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air Transport fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5B | 3.0B | 3.3B | 3.6B | 4.0B | 4.2B | |
Total Stockholder Equity | 436.4M | 855.5M | 1.3B | 1.4B | 1.4B | 1.4B | |
Property Plant And Equipment Net | 1.6B | 2.0B | 2.2B | 2.5B | 2.9B | 3.0B | |
Non Currrent Assets Other | 204.1M | 216.8M | (63.2M) | 122.6M | 156.4M | 164.3M | |
Other Assets | 204.5M | 272.9M | 216.8M | 183.4M | 165.1M | 174.1M | |
Common Stock Shares Outstanding | 69.3M | 59.9M | 76.2M | 88.3M | 75.6M | 70.1M | |
Liabilities And Stockholders Equity | 2.5B | 3.0B | 3.3B | 3.6B | 4.0B | 4.2B | |
Other Stockholder Equity | 471.2M | 855.5M | 1.1B | 986.3M | 836.3M | 572.8M | |
Total Liab | 2.0B | 2.1B | 1.9B | 2.2B | 2.6B | 2.8B | |
Property Plant And Equipment Gross | 1.8B | 2.0B | 2.2B | 2.4B | 4.7B | 4.9B | |
Other Current Liab | 70.6M | 75.5M | 71.6M | 69.0M | 67.4M | 65.3M | |
Total Current Liabilities | 229.1M | 302.0M | 312.6M | 307.5M | 400.2M | 207.6M | |
Other Liab | 596.6M | 327.8M | 289.2M | 354.1M | 407.2M | 308.5M | |
Retained Earnings | 56.1M | 78.0M | 309.4M | 528.9M | 589.2M | 618.7M | |
Accounts Payable | 109.8M | 141.4M | 174.2M | 193.0M | 227.7M | 239.0M | |
Cash | 59.3M | 39.7M | 69.5M | 27.1M | 53.6M | 34.5M | |
Long Term Debt | 1.5B | 1.5B | 1.3B | 1.5B | 1.7B | 1.8B | |
Inventory | 33.5M | 40.4M | 49.2M | 57.8M | 49.9M | 26.6M | |
Other Current Assets | 18.6M | 39.1M | 28.7M | 32.0M | 26.6M | 17.9M | |
Property Plant Equipment | 1.8B | 1.9B | 2.2B | 2.4B | 2.8B | 2.9B | |
Short Long Term Debt Total | 1.4B | 1.5B | 1.4B | 1.5B | 1.8B | 1.9B | |
Net Debt | 1.3B | 1.5B | 1.3B | 1.5B | 1.8B | 1.9B | |
Non Current Assets Total | 2.2B | 2.7B | 2.9B | 3.2B | 3.7B | 3.8B | |
Cash And Short Term Investments | 59.3M | 39.7M | 69.5M | 27.1M | 53.6M | 39.0M | |
Net Receivables | 147.8M | 153.5M | 205.4M | 301.6M | 215.6M | 226.4M | |
Common Stock Total Equity | 593K | 596K | 741K | 723K | 831.5K | 682.6K | |
Non Current Liabilities Total | 1.8B | 1.8B | 1.6B | 1.9B | 2.2B | 2.3B | |
Total Current Assets | 259.2M | 272.7M | 352.8M | 418.5M | 345.7M | 215.1M | |
Accumulated Other Comprehensive Income | (91.4M) | (78.7M) | (62.1M) | (103.4M) | (57.4M) | (60.3M) | |
Short Term Debt | 29.7M | 31.5M | 19.4M | 24.0M | 74.9M | 78.6M | |
Intangible Assets | 131.7M | 120.3M | 109.2M | 96.7M | 86.5M | 79.5M | |
Current Deferred Revenue | 19.1M | 53.5M | 47.4M | 21.5M | 30.2M | 19.7M | |
Net Tangible Assets | (595.0M) | (177.1M) | 817.3M | 919.9M | 1.1B | 1.1B | |
Retained Earnings Total Equity | 45.9M | 78.0M | 309.4M | 528.9M | 608.2M | 638.6M | |
Long Term Debt Total | 1.5B | 1.5B | 1.3B | 1.5B | 1.7B | 985.3M | |
Capital Surpluse | 475.7M | 855.5M | 1.1B | 986.3M | 1.1B | 697.4M | |
Short Long Term Debt | 14.7M | 13.7M | 628K | 639K | 54.7M | 57.4M |
Air Transport Investors Sentiment
The influence of Air Transport'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 Air. 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 Air Transport's public news can be used to forecast risks associated with an investment in Air. The trend in average sentiment can be used to explain how an investor holding Air can time the market purely based on public headlines and social activities around Air Transport Services. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Air Transport'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 Air Transport'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 Air Transport's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Air Transport.
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 Air Transport 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, Air Transport's short interest history, or implied volatility extrapolated from Air Transport options trading.
Pair Trading with Air Transport
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 Air Transport 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 Air Transport will appreciate offsetting losses from the drop in the long position's value.Moving against Air Stock
0.75 | SKYW | SkyWest Earnings Call This Week | PairCorr |
0.6 | J | Jacobs Solutions Earnings Call This Week | PairCorr |
0.59 | DAL | Delta Air Lines Sell-off Trend | PairCorr |
0.52 | TFII | TFI International | PairCorr |
0.5 | JBLU | JetBlue Airways Corp | PairCorr |
The ability to find closely correlated positions to Air Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Transport 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 Air Transport - 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 Air Transport Services to buy it.
The correlation of Air Transport 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 Air Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Transport Services 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 Air Transport 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Air Stock analysis
When running Air Transport's price analysis, check to measure Air Transport'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 Air Transport is operating at the current time. Most of Air Transport's value examination focuses on studying past and present price action to predict the probability of Air Transport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Transport's price. Additionally, you may evaluate how the addition of Air Transport to your portfolios can decrease your overall portfolio volatility.
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
Is Air Transport'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 Air Transport. If investors know Air 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 Air Transport 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 (0.58) | Earnings Share 0.82 | Revenue Per Share 30.166 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0272 |
The market value of Air Transport Services is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport'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 Air Transport's market value can be influenced by many factors that don't directly affect Air Transport'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 Air Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport'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.