Spirit Historical Financial Ratios
| SAVE Stock | USD 4.06 0.43 9.58% |
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.
Spirit |
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
Spirit Airlines financial ratios usually calculated using numerical values taken directly from Spirit Airlines financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Spirit Airlines. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
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. Add Fundamental
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
Click cells to compare fundamentals
Spirit Airlines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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) |
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 | 270.5 |
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.
Currently Active Assets on Macroaxis
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Spirit Stock analysis
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.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |
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 (4.45) | 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.