JBLU Stock | | | USD 7.44 0.15 2.06% |
JetBlue Airways financial indicator trend analysis is infinitely more than just investigating JetBlue Airways Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JetBlue Airways Corp is a good investment. Please check the relationship between JetBlue Airways Accounts Payable and its Common Stock Total Equity accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JetBlue Airways Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Accounts Payable vs Common Stock Total Equity
Accounts Payable vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JetBlue Airways Corp Accounts Payable account and
Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between JetBlue Airways' Accounts Payable and Common Stock Total Equity is 0.7. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of JetBlue Airways Corp, assuming nothing else is changed. The correlation between historical values of JetBlue Airways' Accounts Payable and Common Stock Total 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 Accounts Payable of JetBlue Airways Corp are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Accounts Payable i.e., JetBlue Airways' Accounts Payable and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents JetBlue Airways obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of JetBlue Airways Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from JetBlue Airways' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JetBlue Airways Corp 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JetBlue Airways Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Enterprise Value is likely to gain to about 7.8
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 300.2
M in 2024.
JetBlue Airways fundamental ratios Correlations
Click cells to compare fundamentals
JetBlue Airways Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JetBlue Airways fundamental ratios Accounts
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Additional Tools for JetBlue Stock Analysis
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