Air Free Cash Flow vs Capital Expenditures Analysis

ATSG Stock

USD 21.87 0.03 0.14%

Air Transport financial indicator trend analysis is way more than just evaluating Air Transport Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Transport Services is a good investment. Please check the relationship between Air Transport Free Cash Flow and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Transport Services Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Air Transport's Free Cash Flow and Capital Expenditures is -0.63. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Air Transport Services, assuming nothing else is changed. The correlation between historical values of Air Transport's Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Air Transport Services are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Air Transport's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Air Transport Services to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Air Transport operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Air Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air Transport Services 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 Air Transport Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

The current Selling General Administrative is estimated to decrease to about 9.3 M. The current Discontinued Operations is estimated to decrease to about 1.6 M

	2020	2021	2023	2024 (projected)
Gross Profit	373.9M	485.8M	199.8M	189.8M
Total Revenue	1.7B	2.0B	2.1B	1.3B

Gross Profit Total Revenue

Air Transport fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Inventory	Other Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.96	0.99	0.3	0.03	0.66	0.74	0.98	0.86	0.36	0.89	0.3	0.9	0.98	0.55	0.97	0.8	0.72	0.39	0.98	0.98	0.98	1.0	0.57	0.94	0.57
Total Stockholder Equity	0.96		0.96	0.34	-0.02	0.68	0.83	0.88	0.82	0.25	0.84	0.11	0.9	0.95	0.48	0.89	0.77	0.67	0.49	0.94	0.9	0.9	0.95	0.5	0.93	0.65
Property Plant And Equipment Net	0.99	0.96		0.25	0.07	0.65	0.7	0.97	0.91	0.31	0.87	0.29	0.94	0.99	0.49	0.95	0.78	0.69	0.35	0.99	0.96	0.96	0.99	0.52	0.92	0.6
Non Currrent Assets Other	0.3	0.34	0.25		-0.88	0.3	0.55	0.27	0.17	-0.27	0.28	-0.35	-0.05	0.27	0.59	0.42	-0.05	0.09	0.92	0.19	0.41	0.39	0.28	0.59	0.45	0.35
Other Assets	0.03	-0.02	0.07	-0.88		-0.19	-0.23	0.07	0.02	0.53	0.08	0.63	0.3	0.06	-0.32	-0.08	0.41	0.33	-0.85	0.11	-0.07	-0.07	0.06	-0.32	-0.12	-0.38
Common Stock Shares Outstanding	0.66	0.68	0.65	0.3	-0.19		0.61	0.62	0.52	-0.08	0.6	0.02	0.64	0.62	0.12	0.62	0.59	0.48	0.43	0.66	0.64	0.66	0.65	0.13	0.76	0.74
Other Stockholder Equity	0.74	0.83	0.7	0.55	-0.23	0.61		0.65	0.43	0.26	0.79	-0.02	0.58	0.68	0.54	0.71	0.69	0.68	0.67	0.63	0.72	0.71	0.72	0.53	0.79	0.56
Total Liab	0.98	0.88	0.97	0.27	0.07	0.62	0.65		0.85	0.42	0.88	0.42	0.86	0.96	0.57	0.98	0.79	0.73	0.3	0.96	0.99	0.99	0.98	0.6	0.9	0.48
Property Plant And Equipment Gross	0.86	0.82	0.91	0.17	0.02	0.52	0.43	0.85		0.05	0.69	0.19	0.86	0.91	0.41	0.83	0.53	0.41	0.25	0.93	0.84	0.84	0.87	0.45	0.75	0.65
Other Current Liab	0.36	0.25	0.31	-0.27	0.53	-0.08	0.26	0.42	0.05		0.43	0.62	0.31	0.29	0.21	0.34	0.61	0.66	-0.29	0.27	0.36	0.35	0.37	0.2	0.21	-0.31
Total Current Liabilities	0.89	0.84	0.87	0.28	0.08	0.6	0.79	0.88	0.69	0.43		0.45	0.78	0.87	0.6	0.87	0.89	0.85	0.31	0.84	0.88	0.87	0.89	0.6	0.85	0.53
Other Liab	0.3	0.11	0.29	-0.35	0.63	0.02	-0.02	0.42	0.19	0.62	0.45		0.29	0.31	0.03	0.31	0.54	0.66	-0.55	0.31	0.3	0.31	0.33	0.03	0.19	-0.3
Retained Earnings	0.9	0.9	0.94	-0.05	0.3	0.64	0.58	0.86	0.86	0.31	0.78	0.29		0.92	0.26	0.79	0.82	0.63	0.13	0.95	0.81	0.82	0.91	0.28	0.83	0.59
Accounts Payable	0.98	0.95	0.99	0.27	0.06	0.62	0.68	0.96	0.91	0.29	0.87	0.31	0.92		0.52	0.94	0.77	0.68	0.35	0.99	0.95	0.95	0.98	0.55	0.93	0.58
Cash	0.55	0.48	0.49	0.59	-0.32	0.12	0.54	0.57	0.41	0.21	0.6	0.03	0.26	0.52		0.68	0.34	0.3	0.52	0.45	0.65	0.61	0.54	1.0	0.54	0.23
Long Term Debt	0.97	0.89	0.95	0.42	-0.08	0.62	0.71	0.98	0.83	0.34	0.87	0.31	0.79	0.94	0.68		0.72	0.68	0.44	0.93	1.0	0.99	0.97	0.7	0.92	0.5
Inventory	0.8	0.77	0.78	-0.05	0.41	0.59	0.69	0.79	0.53	0.61	0.89	0.54	0.82	0.77	0.34	0.72		0.89	0.04	0.77	0.74	0.74	0.81	0.33	0.77	0.34
Other Current Assets	0.72	0.67	0.69	0.09	0.33	0.48	0.68	0.73	0.41	0.66	0.85	0.66	0.63	0.68	0.3	0.68	0.89		0.05	0.65	0.69	0.69	0.73	0.3	0.69	0.17
Common Stock	0.39	0.49	0.35	0.92	-0.85	0.43	0.67	0.3	0.25	-0.29	0.31	-0.55	0.13	0.35	0.52	0.44	0.04	0.05		0.29	0.44	0.43	0.35	0.53	0.53	0.56
Property Plant Equipment	0.98	0.94	0.99	0.19	0.11	0.66	0.63	0.96	0.93	0.27	0.84	0.31	0.95	0.99	0.45	0.93	0.77	0.65	0.29		0.94	0.94	0.98	0.48	0.91	0.6
Short Long Term Debt Total	0.98	0.9	0.96	0.41	-0.07	0.64	0.72	0.99	0.84	0.36	0.88	0.3	0.81	0.95	0.65	1.0	0.74	0.69	0.44	0.94		1.0	0.98	0.67	0.92	0.53
Net Debt	0.98	0.9	0.96	0.39	-0.07	0.66	0.71	0.99	0.84	0.35	0.87	0.31	0.82	0.95	0.61	0.99	0.74	0.69	0.43	0.94	1.0		0.98	0.63	0.92	0.55
Non Current Assets Total	1.0	0.95	0.99	0.28	0.06	0.65	0.72	0.98	0.87	0.37	0.89	0.33	0.91	0.98	0.54	0.97	0.81	0.73	0.35	0.98	0.98	0.98		0.56	0.93	0.56
Cash And Short Term Investments	0.57	0.5	0.52	0.59	-0.32	0.13	0.53	0.6	0.45	0.2	0.6	0.03	0.28	0.55	1.0	0.7	0.33	0.3	0.53	0.48	0.67	0.63	0.56		0.56	0.24
Net Receivables	0.94	0.93	0.92	0.45	-0.12	0.76	0.79	0.9	0.75	0.21	0.85	0.19	0.83	0.93	0.54	0.92	0.77	0.69	0.53	0.91	0.92	0.92	0.93	0.56		0.58
Common Stock Total Equity	0.57	0.65	0.6	0.35	-0.38	0.74	0.56	0.48	0.65	-0.31	0.53	-0.3	0.59	0.58	0.23	0.5	0.34	0.17	0.56	0.6	0.53	0.55	0.56	0.24	0.58

Click cells to compare fundamentals

Air Transport Account Relationship Matchups

Air Transport fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	3.0B	3.3B	3.6B	3.9B	4.1B
Total Stockholder Equity	436.4M	855.5M	1.3B	1.4B	1.4B	1.4B
Property Plant And Equipment Net	1.6B	2.0B	2.2B	2.5B	2.9B	3.0B
Non Currrent Assets Other	204.1M	216.8M	(63.2M)	122.6M	33.4M	35.0M
Other Assets	204.5M	272.9M	216.8M	183.4M	165.1M	174.1M
Common Stock Shares Outstanding	69.3M	59.9M	76.2M	88.3M	75.6M	70.1M
Liabilities And Stockholders Equity	2.5B	3.0B	3.3B	3.6B	3.9B	4.1B
Other Stockholder Equity	471.2M	855.5M	1.1B	986.3M	836.3M	576.6M
Total Liab	2.0B	2.1B	1.9B	2.2B	2.5B	2.6B
Property Plant And Equipment Gross	1.8B	2.0B	2.2B	2.4B	4.7B	4.9B
Other Current Liab	75.5M	71.6M	86.6M	34.8M	37.9M	45.9M
Total Current Liabilities	229.1M	302.0M	312.6M	307.5M	400.2M	207.6M
Other Liab	596.6M	327.8M	289.2M	354.1M	407.2M	308.5M
Retained Earnings	56.1M	78.0M	309.4M	528.9M	589.2M	618.7M
Accounts Payable	109.8M	141.4M	174.2M	193.0M	227.7M	239.0M
Cash	59.3M	39.7M	69.5M	27.1M	53.6M	34.5M
Long Term Debt	1.5B	1.5B	1.3B	1.5B	1.7B	1.8B
Inventory	33.5M	40.4M	49.2M	57.8M	49.9M	26.6M
Other Current Assets	18.6M	39.1M	28.7M	32.0M	26.6M	17.9M
Property Plant Equipment	1.8B	1.9B	2.2B	2.4B	2.8B	2.9B
Short Long Term Debt Total	1.4B	1.5B	1.5B	1.5B	1.8B	1.9B
Net Debt	1.3B	1.5B	1.3B	1.5B	1.8B	1.9B
Non Current Assets Total	2.2B	2.7B	2.9B	3.2B	3.5B	3.7B
Cash And Short Term Investments	59.3M	39.7M	69.5M	27.1M	53.6M	39.0M
Net Receivables	147.8M	153.5M	205.4M	301.6M	215.6M	226.4M
Common Stock Total Equity	593K	596K	741K	723K	831.5K	682.6K
Non Current Liabilities Total	1.8B	1.8B	1.6B	1.9B	2.1B	2.2B
Total Current Assets	259.2M	272.7M	352.8M	418.5M	345.7M	215.1M
Accumulated Other Comprehensive Income	(91.4M)	(78.7M)	(62.1M)	(103.4M)	(57.4M)	(60.3M)
Short Term Debt	29.7M	31.5M	19.4M	47.3M	95.0M	99.8M
Intangible Assets	131.7M	120.3M	109.2M	96.7M	86.5M	90.8M
Current Deferred Revenue	19.1M	53.5M	47.4M	21.5M	30.2M	19.7M
Net Tangible Assets	(595.0M)	(177.1M)	817.3M	919.9M	1.1B	1.1B
Retained Earnings Total Equity	45.9M	78.0M	309.4M	528.9M	608.2M	638.6M
Long Term Debt Total	1.5B	1.5B	1.3B	1.5B	1.7B	985.3M
Capital Surpluse	475.7M	855.5M	1.1B	986.3M	1.1B	697.4M
Short Long Term Debt	14.7M	13.7M	628K	639K	54.7M	57.4M

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When determining whether Air Transport Services is a strong investment it is important to analyze Air Transport's 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 Air Transport's future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:

How To Invest In Air

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Is Air Stock a good investment?

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What is Air Transport's Net Worth?

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Largest Air Freight & Logistics Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Is Air Freight & Logistics 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 Air Transport. If investors know Air 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 Air Transport 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

(0.77)

Earnings Share

(0.01)

Revenue Per Share

30.203

Quarterly Revenue Growth

(0.1)

Return On Assets

0.0149

The market value of Air Transport Services is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport's 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 Air Transport's market value can be influenced by many factors that don't directly affect Air Transport's 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 Air Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport's 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.

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Air Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

Air Transport fundamental ratios Correlations

Air Transport Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Transport fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Long Term Debt
Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Property Plant And Equipment Net

Other Assets	- 0.88	Non Currrent Assets Other
Common Stock	- 0.85	Other Assets
Common Stock	- 0.55	Other Liab
Common Stock Total Equity	- 0.38	Other Assets
Other Liab	- 0.35	Non Currrent Assets Other
Cash And Short Term Investments	- 0.32	Other Assets