Spring Net Receivables vs Short Long Term Debt Analysis

601021 Stock

57.26 0.53 0.92%

Spring Airlines financial indicator trend analysis is much more than just breaking down Spring Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spring Airlines is a good investment. Please check the relationship between Spring Airlines Net Receivables and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Spring Airlines Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Receivables vs Short Long Term Debt

Net Receivables vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spring Airlines Net Receivables account and Short Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Spring Airlines' Net Receivables and Short Long Term Debt is -0.08. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Spring Airlines Co, assuming nothing else is changed. The correlation between historical values of Spring Airlines' Net Receivables and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Spring Airlines Co are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Receivables i.e., Spring Airlines' Net Receivables and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Most indicators from Spring Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spring 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Spring Airlines Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 356.4 M. The current year's Tax Provision is expected to grow to about 403.8 M

	2021	2023	2024 (projected)
Minority Interest	1.8M	1.6M	1.7M
Interest Income	204.6M	363.3M	223.7M

Minority Interest Interest Income

Spring Airlines fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.24	0.98	0.95	0.82	0.78	0.63	0.97	0.84	0.95	0.04	0.94	0.25	0.98	0.81	0.92	0.91	0.9	0.58	-0.74	0.85	0.9	0.94	0.93	0.92	-0.7
Other Current Liab	0.24		0.31	0.38	-0.15	0.54	-0.37	0.3	0.05	0.06	0.07	0.42	0.23	0.14	0.16	0.3	0.04	0.28	0.61	-0.29	0.2	0.41	0.18	0.32	0.02	0.26
Total Current Liabilities	0.98	0.31		0.93	0.79	0.74	0.6	0.99	0.81	0.91	-0.04	0.93	0.19	0.97	0.83	0.88	0.89	0.88	0.61	-0.75	0.84	0.93	0.94	0.91	0.91	-0.71
Total Stockholder Equity	0.95	0.38	0.93		0.71	0.92	0.49	0.93	0.77	0.85	0.21	0.94	0.38	0.87	0.69	0.94	0.85	0.95	0.6	-0.82	0.88	0.88	0.93	0.97	0.8	-0.52
Other Liab	0.82	-0.15	0.79	0.71		0.5	0.94	0.79	0.66	0.8	-0.21	0.77	0.03	0.85	0.92	0.66	0.96	0.76	0.32	-0.77	0.84	0.79	0.84	0.72	0.94	-0.94
Retained Earnings	0.78	0.54	0.74	0.92	0.5		0.25	0.76	0.65	0.68	0.32	0.84	0.56	0.66	0.5	0.86	0.69	0.84	0.55	-0.76	0.74	0.72	0.74	0.84	0.55	-0.25
Accounts Payable	0.63	-0.37	0.6	0.49	0.94	0.25		0.6	0.57	0.64	-0.31	0.57	-0.15	0.69	0.8	0.43	0.82	0.58	0.13	-0.61	0.7	0.6	0.67	0.52	0.84	-0.93
Cash	0.97	0.3	0.99	0.93	0.79	0.76	0.6		0.81	0.9	-0.08	0.93	0.25	0.95	0.81	0.88	0.88	0.89	0.57	-0.79	0.83	0.9	0.96	0.91	0.88	-0.7
Other Assets	0.84	0.05	0.81	0.77	0.66	0.65	0.57	0.81		0.88	0.1	0.66	0.32	0.83	0.58	0.83	0.79	0.64	0.2	-0.51	0.6	0.58	0.75	0.67	0.69	-0.62
Long Term Debt	0.95	0.06	0.91	0.85	0.8	0.68	0.64	0.9	0.88		0.05	0.83	0.28	0.97	0.76	0.87	0.87	0.76	0.43	-0.58	0.72	0.79	0.88	0.83	0.87	-0.72
Net Receivables	0.04	0.07	-0.04	0.21	-0.21	0.32	-0.31	-0.08	0.1	0.05		-0.02	0.17	-0.08	-0.32	0.24	-0.07	0.16	-0.21	0.0	0.08	-0.08	0.07	0.21	-0.2	0.34
Inventory	0.94	0.42	0.93	0.94	0.77	0.84	0.57	0.93	0.66	0.83	-0.02		0.22	0.89	0.82	0.84	0.85	0.93	0.7	-0.83	0.89	0.95	0.91	0.95	0.88	-0.6
Other Current Assets	0.25	0.23	0.19	0.38	0.03	0.56	-0.15	0.25	0.32	0.28	0.17	0.22		0.15	-0.07	0.46	0.2	0.26	0.22	-0.23	0.14	0.12	0.23	0.23	-0.02	0.17
Total Liab	0.98	0.14	0.97	0.87	0.85	0.66	0.69	0.95	0.83	0.97	-0.08	0.89	0.15		0.85	0.85	0.9	0.81	0.54	-0.65	0.79	0.88	0.91	0.86	0.94	-0.77
Intangible Assets	0.81	0.16	0.83	0.69	0.92	0.5	0.8	0.81	0.58	0.76	-0.32	0.82	-0.07	0.85		0.63	0.9	0.71	0.48	-0.73	0.8	0.87	0.8	0.7	0.92	-0.89
Common Stock	0.92	0.3	0.88	0.94	0.66	0.86	0.43	0.88	0.83	0.87	0.24	0.84	0.46	0.85	0.63		0.81	0.83	0.45	-0.69	0.74	0.76	0.86	0.86	0.72	-0.51
Property Plant Equipment	0.91	0.04	0.89	0.85	0.96	0.69	0.82	0.88	0.79	0.87	-0.07	0.85	0.2	0.9	0.9	0.81		0.84	0.39	-0.83	0.89	0.85	0.9	0.81	0.92	-0.86
Net Tangible Assets	0.9	0.28	0.88	0.95	0.76	0.84	0.58	0.89	0.64	0.76	0.16	0.93	0.26	0.81	0.71	0.83	0.84		0.59	-0.9	0.96	0.89	0.94	0.97	0.83	-0.56
Short Term Investments	0.58	0.61	0.61	0.6	0.32	0.55	0.13	0.57	0.2	0.43	-0.21	0.7	0.22	0.54	0.48	0.45	0.39	0.59		-0.46	0.52	0.74	0.49	0.61	0.54	-0.15
Deferred Long Term Liab	-0.74	-0.29	-0.75	-0.82	-0.77	-0.76	-0.61	-0.79	-0.51	-0.58	0.0	-0.83	-0.23	-0.65	-0.73	-0.69	-0.83	-0.9	-0.46		-0.93	-0.83	-0.86	-0.81	-0.72	0.61
Long Term Investments	0.85	0.2	0.84	0.88	0.84	0.74	0.7	0.83	0.6	0.72	0.08	0.89	0.14	0.79	0.8	0.74	0.89	0.96	0.52	-0.93		0.9	0.91	0.9	0.87	-0.68
Short Long Term Debt	0.9	0.41	0.93	0.88	0.79	0.72	0.6	0.9	0.58	0.79	-0.08	0.95	0.12	0.88	0.87	0.76	0.85	0.89	0.74	-0.83	0.9		0.91	0.9	0.89	-0.67
Total Current Assets	0.94	0.18	0.94	0.93	0.84	0.74	0.67	0.96	0.75	0.88	0.07	0.91	0.23	0.91	0.8	0.86	0.9	0.94	0.49	-0.86	0.91	0.91		0.94	0.89	-0.73
Short Term Debt	0.93	0.32	0.91	0.97	0.72	0.84	0.52	0.91	0.67	0.83	0.21	0.95	0.23	0.86	0.7	0.86	0.81	0.97	0.61	-0.81	0.9	0.9	0.94		0.83	-0.53
Non Current Assets Total	0.92	0.02	0.91	0.8	0.94	0.55	0.84	0.88	0.69	0.87	-0.2	0.88	-0.02	0.94	0.92	0.72	0.92	0.83	0.54	-0.72	0.87	0.89	0.89	0.83		-0.86
Non Currrent Assets Other	-0.7	0.26	-0.71	-0.52	-0.94	-0.25	-0.93	-0.7	-0.62	-0.72	0.34	-0.6	0.17	-0.77	-0.89	-0.51	-0.86	-0.56	-0.15	0.61	-0.68	-0.67	-0.73	-0.53	-0.86

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Spring Airlines Account Relationship Matchups

Spring Airlines fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.4B	32.4B	38.3B	43.4B	44.2B	25.5B
Other Current Liab	1.9B	3.6B	1.4B	1.2B	496.0M	471.2M
Total Current Liabilities	8.6B	10.9B	9.7B	13.4B	12.8B	7.4B
Total Stockholder Equity	15.0B	14.2B	13.7B	13.7B	15.7B	10.0B
Other Liab	1.0B	1.2B	1.4B	2.1B	2.4B	2.6B
Retained Earnings	9.1B	8.4B	7.9B	4.4B	6.6B	5.6B
Accounts Payable	209.9M	170.3M	666.6M	661.6M	902.4M	947.5M
Cash	7.7B	9.2B	7.3B	10.2B	11.6B	6.1B
Other Assets	1.4B	1.3B	1.5B	1.7B	1.9B	1.5B
Long Term Debt	5.4B	6.0B	9.5B	10.9B	11.1B	6.2B
Net Receivables	618.5M	62.7M	98.5M	105.3M	180.4M	171.4M
Inventory	168.5M	217.8M	213.4M	174.8M	202.1M	124.4M
Other Current Assets	1.2B	412.1M	555.8M	253.5M	272.9M	545.0M
Total Liab	14.3B	18.2B	24.6B	29.7B	28.5B	15.5B
Intangible Assets	65.9M	774.7M	782.0M	765.2M	751.1M	788.6M
Common Stock	916.9M	916.7M	916.5M	978.5M	1.1B	755.9M
Property Plant Equipment	14.9B	17.1B	19.2B	26.3B	30.3B	31.8B
Net Tangible Assets	13.3B	15.0B	13.4B	13.0B	14.9B	12.1B
Deferred Long Term Liab	383.0M	332.0M	329.9M	384.8M	346.3M	312.2M
Short Long Term Debt	3.5B	5.3B	4.2B	5.4B	3.8B	3.5B
Total Current Assets	9.7B	10.3B	8.7B	11.8B	13.0B	9.8B
Non Current Assets Total	19.6B	22.1B	29.6B	31.6B	31.3B	24.5B
Non Currrent Assets Other	921.8M	662.4M	524.5M	251.3M	172.3M	163.6M
Non Current Liabilities Total	5.7B	7.4B	14.9B	16.3B	15.7B	11.0B
Non Current Liabilities Other	181.6M	156.5M	517.9M	537.3M	598.5M	369.6M
Net Debt	188.2M	2.1B	6.4B	6.1B	3.3B	3.8B
Common Stock Shares Outstanding	916.9M	916.7M	916.5M	978.5M	1.1B	1.0B
Other Stockholder Equity	68.1M	125.0M	(1.2M)	90.3M	103.8M	62.6M
Net Invested Capital	22.9B	25.5B	27.5B	30.0B	30.6B	27.3B
Net Working Capital	1.1B	(564.6M)	(960.8M)	(1.6B)	183.8M	172.2M

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Balance Sheet is a snapshot of the financial position of Spring Airlines at a specified time, usually calculated after every quarter, six months, or one year. Spring Airlines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spring Airlines and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Spring currently owns. An asset can also be divided into two categories, current and non-current.

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Spring Net Receivables vs Short Long Term Debt Analysis

Net Receivables vs Short Long Term Debt

Net Receivables vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Short Long Term Debt

Spring Airlines fundamental ratios Correlations

Spring Airlines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spring Airlines fundamental ratios Accounts

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Other Information on Investing in Spring Stock

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Cash	+ 0.99	Total Current Liabilities
Total Current Liabilities	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Cash	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Current Liabilities
Short Term Debt	+ 0.97	Total Stockholder Equity

Non Currrent Assets Other	- 0.94	Other Liab
Long Term Investments	- 0.93	Deferred Long Term Liab
Non Currrent Assets Other	- 0.93	Accounts Payable
Deferred Long Term Liab	- 0.9	Net Tangible Assets
Non Currrent Assets Other	- 0.89	Intangible Assets
Non Currrent Assets Other	- 0.86	Non Current Assets Total