SkyWest Property Plant And Equipment Net vs Cash Analysis

SKYW Stock

USD 110.27 1.48 1.36%

SkyWest financial indicator trend analysis is much more than just breaking down SkyWest prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SkyWest is a good investment. Please check the relationship between SkyWest Property Plant And Equipment Net and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.

Property Plant And Equipment Net vs Cash

Property Plant And Equipment Net vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SkyWest Property Plant And Equipment Net account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between SkyWest's Property Plant And Equipment Net and Cash is -0.13. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash in the same time period over historical financial statements of SkyWest, assuming nothing else is changed. The correlation between historical values of SkyWest's Property Plant And Equipment Net and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of SkyWest are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Net i.e., SkyWest's Property Plant And Equipment Net and Cash go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Cash

Cash refers to the most liquid asset of SkyWest, which is listed under current asset account on SkyWest balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SkyWest customers. The amounts must be unrestricted with restricted cash listed in a different SkyWest account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.Selling General Administrative is likely to climb to about 1.8 B in 2025. Tax Provision is likely to climb to about 114.6 M in 2025

	2022	2023	2024	2025 (projected)
Interest Expense	127.1M	130.9M	114.3M	120.1M
Depreciation And Amortization	394.6M	383.1M	383.9M	403.1M

Interest Expense Depreciation And Amortization

SkyWest fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.56	0.35	0.94	0.99	0.99	0.66	0.96	-0.06	0.99	0.37	0.89	0.4	0.62	0.98	0.65	-0.18	-0.79	1.0	0.9	0.39	0.94	-0.23	0.88	0.81	0.72
Short Long Term Debt Total	0.56		-0.27	0.29	0.47	0.56	0.97	0.35	0.01	0.56	-0.06	0.36	-0.13	0.55	0.7	0.21	-0.03	-0.2	0.6	0.3	0.37	0.38	-0.16	0.22	0.61	0.59
Other Current Liab	0.35	-0.27		0.46	0.39	0.32	-0.29	0.41	0.5	0.33	0.23	0.25	0.36	0.24	0.26	0.62	0.54	-0.52	0.32	0.35	0.08	0.36	-0.03	0.46	0.26	-0.13
Total Current Liabilities	0.94	0.29	0.46		0.95	0.94	0.42	0.98	-0.1	0.93	0.51	0.89	0.45	0.43	0.86	0.63	-0.24	-0.86	0.93	0.97	0.28	0.97	-0.28	0.98	0.68	0.63
Total Stockholder Equity	0.99	0.47	0.39	0.95		0.97	0.58	0.98	-0.09	0.97	0.35	0.9	0.46	0.59	0.94	0.66	-0.2	-0.8	0.97	0.91	0.38	0.94	-0.22	0.9	0.77	0.7
Property Plant And Equipment Net	0.99	0.56	0.32	0.94	0.97		0.67	0.96	-0.13	1.0	0.35	0.84	0.29	0.52	0.97	0.55	-0.25	-0.81	0.99	0.91	0.26	0.96	-0.36	0.87	0.75	0.66
Net Debt	0.66	0.97	-0.29	0.42	0.58	0.67		0.49	-0.21	0.67	-0.02	0.46	-0.07	0.5	0.77	0.18	-0.24	-0.3	0.69	0.44	0.27	0.51	-0.27	0.34	0.57	0.63
Retained Earnings	0.96	0.35	0.41	0.98	0.98	0.96	0.49		-0.19	0.96	0.41	0.88	0.43	0.43	0.89	0.57	-0.29	-0.86	0.94	0.96	0.25	0.97	-0.32	0.93	0.68	0.65
Cash	-0.06	0.01	0.5	-0.1	-0.09	-0.13	-0.21	-0.19		-0.14	0.1	-0.05	0.01	0.4	-0.01	0.48	0.91	0.02	-0.04	-0.24	0.43	-0.17	0.38	-0.06	0.24	-0.14
Non Current Assets Total	0.99	0.56	0.33	0.93	0.97	1.0	0.67	0.96	-0.14		0.34	0.83	0.29	0.52	0.97	0.55	-0.25	-0.81	0.98	0.91	0.25	0.96	-0.37	0.86	0.74	0.65
Non Currrent Assets Other	0.37	-0.06	0.23	0.51	0.35	0.35	-0.02	0.41	0.1	0.34		0.51	0.16	0.03	0.31	0.25	-0.09	-0.45	0.38	0.54	0.21	0.52	-0.01	0.54	0.23	0.42
Cash And Short Term Investments	0.89	0.36	0.25	0.89	0.9	0.84	0.46	0.88	-0.05	0.83	0.51		0.57	0.58	0.83	0.67	-0.23	-0.7	0.87	0.85	0.57	0.86	-0.01	0.88	0.73	0.83
Net Receivables	0.4	-0.13	0.36	0.45	0.46	0.29	-0.07	0.43	0.01	0.29	0.16	0.57		0.5	0.32	0.67	0.04	-0.2	0.36	0.36	0.63	0.28	0.56	0.47	0.41	0.44
Common Stock Shares Outstanding	0.62	0.55	0.24	0.43	0.59	0.52	0.5	0.43	0.4	0.52	0.03	0.58	0.5		0.67	0.82	0.3	-0.21	0.62	0.27	0.75	0.37	0.45	0.4	0.73	0.5
Non Current Liabilities Total	0.98	0.7	0.26	0.86	0.94	0.97	0.77	0.89	-0.01	0.97	0.31	0.83	0.32	0.67		0.63	-0.13	-0.71	0.99	0.82	0.43	0.89	-0.2	0.79	0.83	0.73
Inventory	0.65	0.21	0.62	0.63	0.66	0.55	0.18	0.57	0.48	0.55	0.25	0.67	0.67	0.82	0.63		0.39	-0.48	0.65	0.47	0.73	0.49	0.38	0.64	0.75	0.47
Other Current Assets	-0.18	-0.03	0.54	-0.24	-0.2	-0.25	-0.24	-0.29	0.91	-0.25	-0.09	-0.23	0.04	0.3	-0.13	0.39		0.12	-0.17	-0.36	0.33	-0.33	0.36	-0.21	0.09	-0.24
Other Stockholder Equity	-0.79	-0.2	-0.52	-0.86	-0.8	-0.81	-0.3	-0.86	0.02	-0.81	-0.45	-0.7	-0.2	-0.21	-0.71	-0.48	0.12		-0.78	-0.86	-0.11	-0.84	0.48	-0.84	-0.54	-0.46
Total Liab	1.0	0.6	0.32	0.93	0.97	0.99	0.69	0.94	-0.04	0.98	0.38	0.87	0.36	0.62	0.99	0.65	-0.17	-0.78		0.89	0.4	0.93	-0.23	0.86	0.81	0.72
Property Plant And Equipment Gross	0.9	0.3	0.35	0.97	0.91	0.91	0.44	0.96	-0.24	0.91	0.54	0.85	0.36	0.27	0.82	0.47	-0.36	-0.86	0.89		0.16	0.96	-0.41	0.96	0.58	0.64
Total Current Assets	0.39	0.37	0.08	0.28	0.38	0.26	0.27	0.25	0.43	0.25	0.21	0.57	0.63	0.75	0.43	0.73	0.33	-0.11	0.4	0.16		0.17	0.67	0.31	0.72	0.68
Short Term Debt	0.94	0.38	0.36	0.97	0.94	0.96	0.51	0.97	-0.17	0.96	0.52	0.86	0.28	0.37	0.89	0.49	-0.33	-0.84	0.93	0.96	0.17		-0.41	0.91	0.64	0.64
Intangible Assets	-0.23	-0.16	-0.03	-0.28	-0.22	-0.36	-0.27	-0.32	0.38	-0.37	-0.01	-0.01	0.56	0.45	-0.2	0.38	0.36	0.48	-0.23	-0.41	0.67	-0.41		-0.24	0.12	0.07
Accounts Payable	0.88	0.22	0.46	0.98	0.9	0.87	0.34	0.93	-0.06	0.86	0.54	0.88	0.47	0.4	0.79	0.64	-0.21	-0.84	0.86	0.96	0.31	0.91	-0.24		0.64	0.6
Common Stock Total Equity	0.81	0.61	0.26	0.68	0.77	0.75	0.57	0.68	0.24	0.74	0.23	0.73	0.41	0.73	0.83	0.75	0.09	-0.54	0.81	0.58	0.72	0.64	0.12	0.64		0.73
Short Term Investments	0.72	0.59	-0.13	0.63	0.7	0.66	0.63	0.65	-0.14	0.65	0.42	0.83	0.44	0.5	0.73	0.47	-0.24	-0.46	0.72	0.64	0.68	0.64	0.07	0.6	0.73

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SkyWest Account Relationship Matchups

SkyWest fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	6.9B	7.1B	7.4B	7.0B	7.1B	7.5B
Short Long Term Debt Total	3.5B	3.3B	3.5B	3.1B	623.3M	592.2M
Other Current Liab	152.1M	198.7M	219.8M	294.8M	851.0M	893.5M
Total Current Liabilities	941.7M	1.2B	1.2B	1.3B	1.4B	1.5B
Total Stockholder Equity	2.1B	2.3B	2.3B	2.1B	2.4B	2.5B
Property Plant And Equipment Net	5.6B	5.7B	5.7B	5.6B	5.7B	6.0B
Net Debt	3.3B	3.1B	3.4B	2.9B	623.3M	1.1B
Retained Earnings	2.1B	2.2B	2.2B	2.3B	2.6B	2.7B
Cash	215.7M	258.4M	103.0M	148.3M	227.4M	163.5M
Non Current Assets Total	5.9B	6.1B	6.0B	5.9B	6.0B	6.3B
Non Currrent Assets Other	260.4M	320.2M	342.9M	324.7M	347.7M	365.0M
Cash And Short Term Investments	825.9M	860.4M	1.0B	835.2M	960.5M	1.0B
Net Receivables	34.5M	65.3M	110.4M	84.1M	122.8M	128.9M
Common Stock Shares Outstanding	50.2M	50.8M	50.6M	44.6M	41.5M	51.2M
Liabilities And Stockholders Equity	6.9B	7.1B	7.4B	7.0B	7.1B	7.5B
Non Current Liabilities Total	3.8B	3.7B	3.9B	3.7B	3.3B	3.5B
Inventory	91.2M	104.1M	123.2M	127.1M	139.0M	146.0M
Other Current Assets	31.2M	38.7M	90.4M	85.5M	53.7M	51.0M
Other Stockholder Equity	(617.1M)	(618.7M)	(619.9M)	(912.4M)	(962.7M)	(914.5M)
Total Liab	4.7B	4.9B	5.1B	4.9B	4.7B	5.0B
Property Plant And Equipment Gross	5.6B	8.2B	8.4B	8.8B	9.2B	9.7B
Total Current Assets	982.8M	1.1B	1.4B	1.1B	1.1B	728.0M
Accumulated Other Comprehensive Income	(2.0B)	0.0	(3.8M)	325K	168K	176.4K
Short Term Debt	484.8M	470.7M	510.2M	463.2M	556.1M	583.9M
Accounts Payable	278.7M	496.3M	422.0M	470.3M	527.4M	553.7M
Common Stock Total Equity	686.8M	704.7M	722.3M	734.4M	844.6M	491.0M
Short Term Investments	610.2M	602.0M	944.2M	686.9M	574.3M	425.1M
Common Stock	704.7M	722.3M	734.4M	754.4M	777.1M	446.0M
Other Assets	191.1M	574.4M	683.7M	340.2M	391.2M	410.8M
Long Term Debt	2.8B	2.7B	2.9B	2.6B	2.1B	1.8B
Property Plant Equipment	5.4B	5.4B	5.4B	5.5B	6.4B	6.7B
Other Liab	669.2M	1.0B	946.4M	864.0M	993.6M	1.0B
Current Deferred Revenue	(278.7M)	(496.3M)	40.8M	240.3M	216.3M	227.1M
Net Tangible Assets	2.4B	2.3B	2.3B	2.4B	2.8B	2.0B
Retained Earnings Total Equity	2.1B	2.1B	2.2B	2.2B	2.6B	1.7B
Long Term Debt Total	2.6B	2.8B	2.7B	2.9B	3.4B	2.4B
Deferred Long Term Liab	623.6M	625.9M	663.2M	687.1M	618.4M	542.3M
Non Current Liabilities Other	173.0M	946.4M	952.6M	341.3M	309.5M	252.9M

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SkyWest Property Plant And Equipment Net vs Cash Analysis

Property Plant And Equipment Net vs Cash

Property Plant And Equipment Net vs Cash Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Cash

SkyWest fundamental ratios Correlations

SkyWest Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SkyWest fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Property Plant And Equipment Net

Property Plant And Equipment Gross	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Retained Earnings
Other Stockholder Equity	- 0.86	Total Current Liabilities
Accounts Payable	- 0.84	Other Stockholder Equity
Short Term Debt	- 0.84	Other Stockholder Equity
Other Stockholder Equity	- 0.81	Non Current Assets Total