Spirit Historical Financial Ratios
SAVE Stock | USD 3.81 0.12 3.25% |
Spirit Airlines is promptly reporting on over 110 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Book Value Per Share of 10.78, Invested Capital of 6.42, Average Payables of 0.0 or Stock Based Compensation To Revenue of 0.0021 will help investors to properly organize and evaluate Spirit Airlines financial condition quickly.
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About Spirit Financial Ratios Analysis
Spirit AirlinesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Spirit Airlines investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Spirit financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Spirit Airlines history.
Spirit Airlines Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Spirit Airlines stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Spirit Airlines sales, a figure that is much harder to manipulate than other Spirit Airlines multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most ratios from Spirit Airlines' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Spirit Airlines current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.At present, Spirit Airlines' Invested Capital is projected to slightly grow based on the last few years of reporting. The current year's Inventory Turnover is expected to grow to 48.26, whereas PTB Ratio is forecasted to decline to 1.16.
2021 | 2022 | 2023 | 2024 (projected) | Graham Number | 45.15 | 40.71 | 30.96 | 27.75 | Receivables Turnover | 19.38 | 21.7 | 26.1 | 24.79 |
Spirit Airlines fundamentals Correlations
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Spirit Airlines Account Relationship Matchups
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Spirit Airlines fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Price To Sales Ratio | 0.72 | 1.14 | 0.71 | 0.42 | 0.33 | 0.32 | |
Ptb Ratio | 1.22 | 0.92 | 1.09 | 1.35 | 1.58 | 1.16 | |
Days Sales Outstanding | 9.04 | 38.4 | 18.84 | 16.82 | 13.99 | 8.13 | |
Book Value Per Share | 33.05 | 26.56 | 20.13 | 14.45 | 10.39 | 10.78 | |
Free Cash Flow Yield | 0.0786 | (0.37) | (0.0617) | (0.17) | (0.29) | (0.28) | |
Invested Capital | 1.58 | 2.18 | 2.42 | 3.95 | 6.11 | 6.42 | |
Operating Cash Flow Per Share | 8.06 | (2.66) | 1.99 | (0.82) | (2.26) | (2.15) | |
Capex To Depreciation | (1.49) | (1.97) | (1.18) | (0.84) | (0.86) | (0.91) | |
Pb Ratio | 1.22 | 0.92 | 1.09 | 1.35 | 1.58 | 1.16 | |
Ev To Sales | 1.4 | 2.86 | 1.88 | 1.38 | 1.46 | 1.1 | |
Free Cash Flow Per Share | 3.17 | (9.14) | (1.35) | (3.25) | (4.8) | (4.56) | |
Roic | 0.0659 | (0.0491) | (0.007143) | (0.0608) | (0.0492) | (0.0517) | |
Net Income Per Share | 4.9 | (5.06) | (4.5) | (5.1) | (4.1) | (3.89) | |
Payables Turnover | 64.68 | 76.55 | 66.71 | 57.15 | 113.35 | 62.62 | |
Cash Per Share | 15.85 | 22.39 | 13.71 | 13.37 | 8.96 | 8.06 | |
Pocfratio | 5.0 | (9.19) | 10.98 | (23.8) | (7.25) | (6.89) | |
Interest Coverage | 5.64 | (4.28) | (0.47) | (5.94) | (4.05) | (3.84) | |
Capex To Operating Cash Flow | (0.61) | 2.44 | (1.68) | 2.97 | 1.12 | 1.18 | |
Pfcf Ratio | 12.72 | (2.67) | (16.22) | (6.0) | (3.41) | (3.58) | |
Days Payables Outstanding | 5.64 | 4.77 | 5.47 | 6.39 | 3.22 | 3.06 | |
Income Quality | 1.64 | 0.53 | (0.44) | 0.16 | 0.55 | 0.76 | |
Roe | 0.15 | (0.19) | (0.22) | (0.35) | (0.39) | (0.37) | |
Ev To Operating Cash Flow | 9.72 | (23.0) | 29.1 | (78.47) | (31.84) | (30.25) | |
Pe Ratio | 8.23 | (4.83) | (4.85) | (3.82) | (4.0) | (3.8) | |
Return On Tangible Assets | 0.0476 | (0.051) | (0.0553) | (0.0603) | (0.0475) | (0.0451) | |
Ev To Free Cash Flow | 24.72 | (6.69) | (42.96) | (19.77) | (14.99) | (15.74) | |
Earnings Yield | 0.0394 | 0.12 | (0.21) | (0.26) | (0.25) | (0.24) | |
Net Debt To E B I T D A | 3.38 | (5.94) | (26.14) | 27.05 | (223.57) | (212.39) | |
Current Ratio | 1.61 | 1.25 | 1.76 | 1.44 | 0.9 | 1.24 | |
Tangible Book Value Per Share | 33.05 | 26.56 | 20.13 | 14.45 | 10.39 | 10.78 | |
Receivables Turnover | 40.4 | 9.51 | 19.38 | 21.7 | 26.1 | 24.79 | |
Graham Number | 60.36 | 55.0 | 45.15 | 40.71 | 30.96 | 27.75 | |
Shareholders Equity Per Share | 33.05 | 26.56 | 20.13 | 14.45 | 10.39 | 10.78 | |
Debt To Equity | 1.58 | 2.18 | 2.42 | 3.95 | 6.11 | 6.42 | |
Capex Per Share | (4.89) | (6.48) | (3.34) | (2.43) | (2.54) | (2.67) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Spirit Stock
When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Passenger Airlines space 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 Airlines. 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 Airlines 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 (0.14) | Earnings Share (4.45) | Revenue Per Share 48.322 | Quarterly Revenue Growth (0.06) | Return On Assets (0.03) |
The market value of Spirit Airlines 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 Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' 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 Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' 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 Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' 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.