| BLDEW Stock | | | USD 0.17 0.01 6.25% |
Blade Air financial indicator trend analysis is way more than just evaluating Blade Air Mobility prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blade Air Mobility is a good investment. Please check the relationship between Blade Air Capital Lease Obligations and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Blade Air Mobility. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Capital Lease Obligations vs Cash
Capital Lease Obligations vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Blade Air Mobility Capital Lease Obligations account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Blade Air's Capital Lease Obligations and Cash is 0.84. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Cash in the same time period over historical financial statements of Blade Air Mobility, assuming nothing else is changed. The correlation between historical values of Blade Air's Capital Lease Obligations and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Blade Air Mobility are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Capital Lease Obligations i.e., Blade Air's Capital Lease Obligations and Cash go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Capital Lease Obligations
Blade Air Mobility capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Blade Air asset purchases. For example, Blade Air can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Blade Air control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Cash
Cash refers to the most liquid asset of Blade Air Mobility, which is listed under current asset account on Blade Air Mobility balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Blade Air customers. The amounts must be unrestricted with restricted cash listed in a different Blade Air account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Blade Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blade Air Mobility 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 Blade Air Mobility. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Blade Air's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 241.9
M in 2024, whereas
Tax Provision is likely to drop (1.5
M) in 2024.
Blade Air fundamental ratios Correlations
Click cells to compare fundamentals
Blade Air Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Blade Stock Analysis
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measure Blade Air'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 Blade Air is operating at the current time. Most of Blade Air's value examination focuses on studying past and present price action to
predict the probability of Blade Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blade Air's price. Additionally, you may evaluate how the addition of Blade Air to your portfolios can decrease your overall portfolio volatility.