Spirit Deferred Long Term Liab vs Total Stockholder Equity Analysis
SAVE Stock | USD 3.71 0.03 0.82% |
Spirit Airlines financial indicator trend analysis is much more than just breaking down Spirit Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Airlines is a good investment. Please check the relationship between Spirit Airlines Deferred Long Term Liab and its Total Stockholder Equity accounts. 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.
Deferred Long Term Liab vs Total Stockholder Equity
Deferred Long Term Liab vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Airlines Deferred Long Term Liab account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Spirit Airlines' Deferred Long Term Liab and Total Stockholder Equity is 0.72. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Spirit Airlines, assuming nothing else is changed. The correlation between historical values of Spirit Airlines' Deferred Long Term Liab and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Spirit Airlines are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Deferred Long Term Liab i.e., Spirit Airlines' Deferred Long Term Liab and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Spirit Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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' Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 121.1M | 100.8M | 122.5M | 128.6M | Depreciation And Amortization | 297.2M | 313.1M | 320.9M | 336.9M |
Spirit Airlines fundamental ratios Correlations
Click cells to compare fundamentals
Spirit Airlines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spirit Airlines fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.0B | 8.4B | 8.5B | 9.2B | 9.4B | 9.9B | |
Short Long Term Debt Total | 3.6B | 4.9B | 5.1B | 6.2B | 6.9B | 7.3B | |
Other Current Liab | 352.9M | 326.2M | 457.7M | 534.3M | 669.2M | 702.6M | |
Total Current Liabilities | 1.1B | 1.3B | 1.3B | 1.6B | 1.7B | 1.8B | |
Total Stockholder Equity | 2.3B | 2.2B | 2.1B | 1.6B | 1.1B | 1.2B | |
Property Plant And Equipment Net | 5.2B | 5.6B | 6.3B | 6.9B | 7.6B | 7.9B | |
Net Debt | 2.6B | 3.1B | 3.8B | 4.9B | 6.1B | 6.4B | |
Retained Earnings | 2.0B | 1.5B | 1.1B | 504.2M | 56.8M | 53.9M | |
Accounts Payable | 43.6M | 28.5M | 45.0M | 75.4M | 42.1M | 30.1M | |
Cash | 979.0M | 1.8B | 1.3B | 1.3B | 865.2M | 806.6M | |
Non Current Assets Total | 5.7B | 6.0B | 6.7B | 7.2B | 7.9B | 8.3B | |
Non Currrent Assets Other | (3.1M) | (2.7M) | 30.1M | 27.3M | 236.5M | 248.3M | |
Cash And Short Term Investments | 1.1B | 1.9B | 1.4B | 1.5B | 977.7M | 864.5M | |
Net Receivables | 94.8M | 190.4M | 166.7M | 233.5M | 205.5M | 215.7M | |
Common Stock Shares Outstanding | 68.6M | 84.7M | 105M | 108.8M | 109.2M | 76.2M | |
Liabilities And Stockholders Equity | 7.0B | 8.4B | 8.5B | 9.2B | 9.4B | 9.9B | |
Non Current Liabilities Total | 3.7B | 4.8B | 5.2B | 6.0B | 6.6B | 6.9B | |
Other Current Assets | 227.4M | 417.0M | 273.8M | 307.0M | 209.5M | 179.3M | |
Other Stockholder Equity | 306.9M | 725.4M | 1.1B | 1.1B | 1.1B | 1.1B | |
Total Liab | 4.8B | 6.1B | 6.4B | 7.6B | 8.3B | 8.7B | |
Property Plant And Equipment Gross | 4.9B | 5.2B | 3.9B | 3.7B | 8.7B | 9.2B | |
Total Current Assets | 1.4B | 2.4B | 1.8B | 2.0B | 1.5B | 1.1B | |
Accumulated Other Comprehensive Income | (787K) | (618K) | (532K) | (596K) | (67K) | (70.4K) | |
Short Term Debt | 400.2M | 585.4M | 390.6M | 557.3M | 576.6M | 605.4M | |
Other Liab | 491.6M | 492.0M | 423.2M | 360.5M | 414.6M | 252.8M | |
Other Assets | 758.1M | 5.7B | 890.4M | 741.7M | 853.0M | 963.8M | |
Long Term Debt | 2.0B | 3.1B | 3.0B | 3.2B | 3.1B | 3.2B | |
Short Term Investments | 105.3M | 106.3M | 106.3M | 107.1M | 112.5M | 70.9M | |
Property Plant Equipment | 4.9B | 3.8B | 3.9B | 3.7B | 4.3B | 4.5B | |
Current Deferred Revenue | 315.4M | 402.0M | 382.3M | 429.6M | 383.8M | 288.0M | |
Net Tangible Assets | 2.3B | 3.5B | 3.9B | 4.0B | 4.6B | 4.9B | |
Capital Surpluse | 379.4M | 799.5M | 1.1B | 1.1B | 1.3B | 692.4M | |
Deferred Long Term Liab | 361.6M | 492.0M | 423.2M | 360.5M | 414.6M | 234.2M | |
Treasury Stock | (67.0M) | (72.5M) | (74.1M) | (75.6M) | (68.1M) | (71.5M) | |
Short Long Term Debt | 258.9M | 384.2M | 208.9M | 346.9M | 315.6M | 213.2M | |
Long Term Debt Total | 2.0B | 3.1B | 3.0B | 3.2B | 3.7B | 2.2B |
Spirit Airlines Investors Sentiment
The influence of Spirit Airlines' 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 Spirit. 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 Spirit Airlines' public news can be used to forecast risks associated with an investment in Spirit. The trend in average sentiment can be used to explain how an investor holding Spirit can time the market purely based on public headlines and social activities around Spirit Airlines. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Spirit Airlines' 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 Spirit Airlines' 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 Spirit Airlines' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Spirit Airlines.
Spirit Airlines Implied Volatility | 134.14 |
Spirit Airlines' implied volatility exposes the market's sentiment of Spirit Airlines stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Spirit Airlines' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Spirit Airlines stock will not fluctuate a lot when Spirit Airlines' options are near their expiration.
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 Spirit Airlines 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, Spirit Airlines' short interest history, or implied volatility extrapolated from Spirit Airlines options trading.
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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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Spirit Airlines' price analysis, check to measure Spirit Airlines' 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 Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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Is Spirit Airlines' 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 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 (4.10) | Revenue Per Share 49.129 | Quarterly Revenue Growth (0.05) | 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.