Spirit Ptb Ratio vs Invested Capital Analysis

SAVE Stock  USD 2.40  0.11  4.38%   
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 Ptb Ratio and its Invested Capital 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 closely tied 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.

Ptb Ratio vs Invested Capital

Ptb Ratio vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Airlines Ptb Ratio account and Invested Capital. At this time, the significance of the direction appears to have no relationship.
The correlation between Spirit Airlines' Ptb Ratio and Invested Capital is 0.0. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Invested Capital 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' Ptb Ratio and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Spirit Airlines are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Ptb Ratio i.e., Spirit Airlines' Ptb Ratio and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Spirit Airlines. There are two different methods for calculating Spirit Airlines invested capital: operating approach and financing approach. Understanding Spirit Airlines invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.
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 closely tied 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 Expense121.1M100.8M122.5M128.6M
Depreciation And Amortization297.2M313.1M320.9M336.9M

Spirit Airlines fundamental ratios Correlations

0.980.920.990.680.990.950.310.680.781.0-0.450.80.950.760.740.980.120.780.750.990.910.850.970.770.82
0.980.960.990.510.990.990.110.690.670.99-0.340.690.960.750.71.00.270.670.811.00.930.750.980.760.7
0.920.960.940.40.950.980.00.620.490.94-0.20.520.890.680.640.960.450.50.790.950.930.60.890.70.61
0.990.990.940.590.990.970.190.70.720.99-0.360.740.960.760.730.990.220.720.791.00.930.80.980.770.74
0.680.510.40.590.610.420.880.370.870.63-0.620.890.540.530.570.54-0.490.850.280.550.480.860.570.530.88
0.990.990.950.990.610.970.240.70.711.0-0.410.740.950.740.710.990.210.720.761.00.930.80.970.760.78
0.950.990.980.970.420.970.010.680.560.97-0.280.590.940.70.660.990.380.580.80.990.940.660.950.720.64
0.310.110.00.190.880.240.010.090.620.26-0.660.640.140.120.160.15-0.660.63-0.220.150.140.590.190.110.73
0.680.690.620.70.370.70.680.090.540.69-0.390.550.630.60.620.690.310.470.570.70.480.60.680.610.5
0.780.670.490.720.870.710.560.620.540.72-0.581.00.720.720.720.68-0.420.950.530.690.540.980.740.720.82
1.00.990.940.990.631.00.970.260.690.72-0.410.750.940.740.720.990.190.720.750.990.930.80.970.760.79
-0.45-0.34-0.2-0.36-0.62-0.41-0.28-0.66-0.39-0.58-0.41-0.61-0.38-0.18-0.15-0.370.32-0.680.07-0.37-0.23-0.61-0.41-0.17-0.76
0.80.690.520.740.890.740.590.640.551.00.75-0.610.740.730.720.7-0.40.960.520.710.560.990.750.730.85
0.950.960.890.960.540.950.940.140.630.720.94-0.380.740.780.750.960.210.770.810.960.850.810.950.790.68
0.760.750.680.760.530.740.70.120.60.720.74-0.180.730.780.950.750.040.680.840.750.620.780.731.00.6
0.740.70.640.730.570.710.660.160.620.720.72-0.150.720.750.950.710.080.660.830.710.560.770.670.960.56
0.981.00.960.990.540.990.990.150.690.680.99-0.370.70.960.750.710.250.690.791.00.930.770.980.760.73
0.120.270.450.22-0.490.210.38-0.660.31-0.420.190.32-0.40.210.040.080.25-0.370.310.250.24-0.290.140.06-0.25
0.780.670.50.720.850.720.580.630.470.950.72-0.680.960.770.680.660.69-0.370.460.690.560.970.750.680.85
0.750.810.790.790.280.760.8-0.220.570.530.750.070.520.810.840.830.790.310.460.790.680.570.750.850.32
0.991.00.951.00.551.00.990.150.70.690.99-0.370.710.960.750.711.00.250.690.790.930.770.980.760.73
0.910.930.930.930.480.930.940.140.480.540.93-0.230.560.850.620.560.930.240.560.680.930.630.920.640.68
0.850.750.60.80.860.80.660.590.60.980.8-0.610.990.810.780.770.77-0.290.970.570.770.630.810.780.87
0.970.980.890.980.570.970.950.190.680.740.97-0.410.750.950.730.670.980.140.750.750.980.920.810.750.74
0.770.760.70.770.530.760.720.110.610.720.76-0.170.730.791.00.960.760.060.680.850.760.640.780.750.6
0.820.70.610.740.880.780.640.730.50.820.79-0.760.850.680.60.560.73-0.250.850.320.730.680.870.740.6
Click cells to compare fundamentals

Spirit Airlines Account Relationship Matchups

Spirit Airlines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0B8.4B8.5B9.2B9.4B9.9B
Short Long Term Debt Total3.6B4.9B5.1B6.2B6.9B7.3B
Other Current Liab352.9M326.2M457.7M534.3M669.2M702.6M
Total Current Liabilities1.1B1.3B1.3B1.6B1.7B1.8B
Total Stockholder Equity2.3B2.2B2.1B1.6B1.1B1.2B
Property Plant And Equipment Net5.2B5.6B6.3B6.9B7.6B7.9B
Net Debt2.6B3.1B3.8B4.9B6.1B6.4B
Retained Earnings2.0B1.5B1.1B504.2M56.8M53.9M
Accounts Payable43.6M28.5M45.0M75.4M42.1M30.1M
Cash979.0M1.8B1.3B1.3B865.2M806.6M
Non Current Assets Total5.7B6.0B6.7B7.2B7.9B8.3B
Non Currrent Assets Other(3.1M)(2.7M)30.1M27.3M236.5M248.3M
Cash And Short Term Investments1.1B1.9B1.4B1.5B977.7M864.5M
Net Receivables94.8M190.4M166.7M233.5M205.5M215.7M
Common Stock Shares Outstanding68.6M84.7M105M108.8M109.2M76.2M
Liabilities And Stockholders Equity7.0B8.4B8.5B9.2B9.4B9.9B
Non Current Liabilities Total3.7B4.8B5.2B6.0B6.6B6.9B
Other Current Assets227.4M417.0M273.8M307.0M209.5M179.3M
Other Stockholder Equity306.9M725.4M1.1B1.1B1.1B1.1B
Total Liab4.8B6.1B6.4B7.6B8.3B8.7B
Property Plant And Equipment Gross4.9B5.2B3.9B3.7B8.7B9.2B
Total Current Assets1.4B2.4B1.8B2.0B1.5B1.1B
Accumulated Other Comprehensive Income(787K)(618K)(532K)(596K)(67K)(70.4K)
Short Term Debt400.2M585.4M390.6M557.3M576.6M605.4M
Other Liab491.6M492.0M423.2M360.5M414.6M252.8M
Other Assets758.1M5.7B890.4M741.7M853.0M963.8M
Long Term Debt2.0B3.1B3.0B3.2B3.1B3.2B
Short Term Investments105.3M106.3M106.3M107.1M112.5M70.9M
Property Plant Equipment4.9B3.8B3.9B3.7B4.3B4.5B
Current Deferred Revenue315.4M402.0M382.3M429.6M383.8M288.0M
Net Tangible Assets2.3B3.5B3.9B4.0B4.6B4.9B
Capital Surpluse379.4M799.5M1.1B1.1B1.3B692.4M
Deferred Long Term Liab361.6M492.0M423.2M360.5M414.6M234.2M
Treasury Stock(67.0M)(72.5M)(74.1M)(75.6M)(68.1M)(71.5M)
Short Long Term Debt258.9M384.2M208.9M346.9M315.6M213.2M
Long Term Debt Total2.0B3.1B3.0B3.2B3.7B2.2B

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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.
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 closely tied 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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
(5.62)
Revenue Per Share
46.897
Quarterly Revenue Growth
(0.11)
Return On Assets
(0.05)
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.