Spirit Non Current Liabilities Total vs Total Assets Analysis
SPR Stock | USD 30.51 0.48 1.55% |
Spirit Aerosystems financial indicator trend analysis is much more than just breaking down Spirit Aerosystems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Aerosystems is a good investment. Please check the relationship between Spirit Aerosystems Non Current Liabilities Total and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Aerosystems Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Non Current Liabilities Total vs Total Assets
Non Current Liabilities Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Aerosystems Non Current Liabilities Total account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Spirit Aerosystems' Non Current Liabilities Total and Total Assets is 0.87. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Spirit Aerosystems Holdings, assuming nothing else is changed. The correlation between historical values of Spirit Aerosystems' Non Current Liabilities Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Spirit Aerosystems Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Liabilities Total i.e., Spirit Aerosystems' Non Current Liabilities Total and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Total Assets
Total assets refers to the total amount of Spirit Aerosystems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Spirit Aerosystems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Spirit Aerosystems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirit Aerosystems 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Aerosystems Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Spirit Aerosystems' Tax Provision is relatively stable compared to the past year. As of 05/17/2024, Issuance Of Capital Stock is likely to grow to about 231.7 M, while Enterprise Value Over EBITDA is likely to drop 19.14.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 242.6M | 244.1M | 323.9M | 340.1M | Depreciation And Amortization | 327.6M | 337.1M | 315.6M | 210.2M |
Spirit Aerosystems fundamental ratios Correlations
Click cells to compare fundamentals
Spirit Aerosystems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spirit Aerosystems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.6B | 8.4B | 7.7B | 6.7B | 7.0B | 5.9B | |
Short Long Term Debt Total | 3.1B | 3.9B | 3.9B | 4.0B | 4.2B | 4.4B | |
Other Current Liab | 469.5M | 684.5M | 927.4M | 837.9M | 737.1M | 547.3M | |
Total Current Liabilities | 1.8B | 1.7B | 1.9B | 2.0B | 2.2B | 1.4B | |
Total Stockholder Equity | 1.8B | 856.5M | 448.3M | (247.5M) | (499.7M) | (474.7M) | |
Other Liab | 1.1B | 2.2B | 1.6B | 1.1B | 1.2B | 1.2B | |
Property Plant And Equipment Net | 2.3B | 2.6B | 2.5B | 2.3B | 2.2B | 1.9B | |
Current Deferred Revenue | 176.7M | 119.8M | 170.6M | 132.8M | 280.5M | 151.3M | |
Net Debt | 732.8M | 2.1B | 2.4B | 3.3B | 3.4B | 3.5B | |
Retained Earnings | 3.2B | 2.3B | 1.8B | 1.2B | 616.3M | 585.5M | |
Accounts Payable | 1.1B | 558.9M | 720.3M | 919.8M | 1.1B | 684.2M | |
Cash | 2.4B | 1.9B | 1.5B | 658.6M | 823.6M | 757.2M | |
Non Current Assets Total | 3.0B | 3.9B | 3.9B | 3.5B | 3.2B | 2.6B | |
Non Currrent Assets Other | 524.6M | 540.8M | 623.3M | 359.9M | 171.4M | 162.8M | |
Other Assets | 619.6M | 615M | 624.5M | 364.6M | 419.3M | 436.2M | |
Long Term Debt | 2.9B | 3.5B | 3.7B | 3.8B | 3.9B | 4.1B | |
Cash And Short Term Investments | 2.4B | 1.9B | 1.5B | 658.6M | 823.6M | 757.2M | |
Net Receivables | 1.1B | 852.8M | 904.8M | 990.5M | 1.1B | 635.8M | |
Common Stock Shares Outstanding | 104.7M | 103.9M | 104.2M | 104.6M | 106.6M | 100.1M | |
Liabilities And Stockholders Equity | 7.6B | 8.4B | 7.7B | 6.7B | 7.0B | 5.9B | |
Non Current Liabilities Total | 4.1B | 5.8B | 5.4B | 5.0B | 5.2B | 3.1B | |
Inventory | 1.1B | 1.4B | 1.4B | 1.5B | 1.8B | 1.3B | |
Other Current Assets | 98.7M | 336.3M | 39.7M | 38.3M | 47.2M | 44.8M | |
Other Stockholder Equity | (1.3B) | (1.3B) | (1.3B) | (1.3B) | (1.0B) | (976.2M) | |
Total Liab | 5.8B | 7.5B | 7.3B | 6.9B | 7.4B | 4.5B | |
Property Plant And Equipment Gross | 2.3B | 2.6B | 2.4B | 2.2B | 5.4B | 5.7B | |
Total Current Assets | 4.6B | 4.5B | 3.8B | 3.2B | 3.8B | 3.3B | |
Accumulated Other Comprehensive Income | (109.2M) | (154.1M) | (23.7M) | (203.9M) | (89.6M) | (94.1M) | |
Short Term Debt | 56.2M | 346.2M | 57.7M | 62M | 73.9M | 51.1M | |
Intangible Assets | 1.2M | 215.2M | 212.3M | 211.4M | 196.2M | 206.0M | |
Property Plant Equipment | 2.3B | 2.5B | 2.5B | 2.3B | 2.6B | 1.8B | |
Net Tangible Assets | 2.4B | 1.7B | (387.7M) | 266.7M | 240.0M | 228.0M | |
Retained Earnings Total Equity | 3.2B | 2.3B | 1.8B | 1.2B | 1.4B | 1.8B | |
Long Term Debt Total | 3.0B | 3.5B | 3.7B | 3.8B | 4.4B | 4.6B |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Aerosystems Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
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 (8.41) | Revenue Per Share 57.75 | Quarterly Revenue Growth 0.19 | Return On Assets (0.06) |
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.