SkyWest Retained Earnings vs Other Stockholder Equity Analysis

SKYW Stock  USD 113.96  1.15  1.00%   
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 Retained Earnings and its Other Stockholder Equity 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.

Retained Earnings vs Other Stockholder Equity

Retained Earnings vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SkyWest Retained Earnings account and Other Stockholder Equity. At this time, the significance of the direction appears to have pay attention.
The correlation between SkyWest's Retained Earnings and Other Stockholder Equity is -0.83. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of SkyWest, assuming nothing else is changed. The correlation between historical values of SkyWest's Retained Earnings and Other Stockholder 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 Retained Earnings of SkyWest are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Retained Earnings i.e., SkyWest's Retained Earnings and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.83
Relationship DirectionNegative 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Stockholder Equity

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.At this time, SkyWest's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 3.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.26 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense123.1M127.1M130.9M137.5M
Depreciation And Amortization440.2M394.6M383.1M402.3M

SkyWest fundamental ratios Correlations

0.970.110.970.990.990.940.98-0.040.990.320.750.220.690.990.46-0.13-0.781.00.90.390.96-0.20.90.80.72
0.970.030.920.950.990.980.94-0.110.980.260.730.080.610.980.37-0.23-0.740.980.880.280.97-0.340.830.750.68
0.110.030.070.120.07-0.120.050.750.09-0.060.00.170.340.120.590.88-0.180.11-0.070.24-0.010.130.070.31-0.16
0.970.920.070.950.960.90.97-0.070.960.430.680.160.590.950.38-0.16-0.830.970.970.330.95-0.240.970.730.68
0.990.950.120.950.970.930.98-0.070.970.270.770.270.70.970.48-0.13-0.760.980.880.420.93-0.180.880.810.73
0.990.990.070.960.970.970.98-0.121.00.30.690.090.590.980.35-0.2-0.80.990.920.260.98-0.340.880.740.66
0.940.98-0.120.90.930.970.93-0.310.970.220.690.060.510.940.24-0.4-0.710.940.890.180.96-0.40.80.680.68
0.980.940.050.970.980.980.93-0.170.980.320.690.170.570.950.33-0.22-0.830.970.950.290.96-0.280.910.720.69
-0.04-0.110.75-0.07-0.07-0.12-0.31-0.17-0.130.120.060.10.4-0.020.570.910.0-0.03-0.240.43-0.150.37-0.020.23-0.13
0.990.980.090.960.971.00.970.98-0.130.290.680.090.590.980.35-0.2-0.80.980.920.240.97-0.350.870.740.65
0.320.26-0.060.430.270.30.220.320.120.290.3-0.060.090.310.04-0.03-0.370.350.480.210.450.040.470.20.42
0.750.730.00.680.770.690.690.690.060.680.30.490.660.740.65-0.1-0.450.740.610.760.690.120.660.870.93
0.220.080.170.160.270.090.060.170.10.09-0.060.490.570.20.650.180.110.190.060.790.00.730.190.480.5
0.690.610.340.590.70.590.510.570.40.590.090.660.570.710.830.29-0.330.690.380.770.50.440.550.80.54
0.990.980.120.950.970.980.940.95-0.020.980.310.740.20.710.47-0.12-0.761.00.880.390.95-0.20.860.810.7
0.460.370.590.380.480.350.240.330.570.350.040.650.650.830.470.52-0.210.450.170.850.260.490.380.830.49
-0.13-0.230.88-0.16-0.13-0.2-0.4-0.220.91-0.2-0.03-0.10.180.29-0.120.520.03-0.13-0.30.33-0.260.34-0.120.12-0.23
-0.78-0.74-0.18-0.83-0.76-0.8-0.71-0.830.0-0.8-0.37-0.450.11-0.33-0.76-0.210.03-0.79-0.83-0.11-0.80.46-0.79-0.54-0.47
1.00.980.110.970.980.990.940.97-0.030.980.350.740.190.691.00.45-0.13-0.790.910.380.96-0.210.90.80.7
0.90.88-0.070.970.880.920.890.95-0.240.920.480.610.060.380.880.17-0.3-0.830.910.170.94-0.380.950.580.66
0.390.280.240.330.420.260.180.290.430.240.210.760.790.770.390.850.33-0.110.380.170.210.690.350.730.68
0.960.97-0.010.950.930.980.960.96-0.150.970.450.690.00.50.950.26-0.26-0.80.960.940.21-0.390.880.680.69
-0.2-0.340.13-0.24-0.18-0.34-0.4-0.280.37-0.350.040.120.730.44-0.20.490.340.46-0.21-0.380.69-0.39-0.190.150.09
0.90.830.070.970.880.880.80.91-0.020.870.470.660.190.550.860.38-0.12-0.790.90.950.350.88-0.190.670.65
0.80.750.310.730.810.740.680.720.230.740.20.870.480.80.810.830.12-0.540.80.580.730.680.150.670.75
0.720.68-0.160.680.730.660.680.69-0.130.650.420.930.50.540.70.49-0.23-0.470.70.660.680.690.090.650.75
Click cells to compare fundamentals

SkyWest Account Relationship Matchups

SkyWest fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.7B6.9B7.1B7.4B7.0B7.4B
Short Long Term Debt Total3.0B3.5B3.3B3.5B3.1B3.2B
Other Current Liab560.6M152.1M198.7M219.8M294.8M149.2M
Total Current Liabilities924.7M941.7M1.2B1.2B1.3B1.3B
Total Stockholder Equity2.2B2.1B2.3B2.3B2.1B2.2B
Property Plant And Equipment Net5.4B5.6B5.7B5.7B5.6B5.8B
Net Debt2.9B3.3B3.1B3.4B2.9B3.1B
Retained Earnings2.1B2.1B2.2B2.2B2.3B2.4B
Cash87.2M215.7M258.4M103.0M148.3M161.3M
Non Current Assets Total5.9B5.9B6.1B6.0B5.9B6.2B
Non Currrent Assets Other(121.5M)260.4M320.2M342.9M324.7M340.9M
Cash And Short Term Investments520.2M825.9M860.4M1.0B835.2M437.8M
Net Receivables94.1M34.5M65.3M110.4M84.1M52.9M
Common Stock Shares Outstanding51.4M50.2M50.8M50.6M44.6M51.4M
Liabilities And Stockholders Equity6.7B6.9B7.1B7.4B7.0B7.4B
Non Current Liabilities Total3.6B3.8B3.7B3.9B3.7B3.8B
Inventory110.5M91.2M104.1M123.2M127.1M66.6M
Other Current Assets240.2M31.2M38.7M90.4M85.5M110.7M
Other Stockholder Equity(591.0M)(617.1M)(618.7M)(619.9M)(912.4M)(866.8M)
Total Liab4.5B4.7B4.9B5.1B4.9B5.2B
Property Plant And Equipment Gross5.7B5.6B8.2B8.4B8.8B9.2B
Total Current Assets760.3M982.8M1.1B1.4B1.1B715.2M
Accumulated Other Comprehensive Income(32K)(2.0B)0.0(3.8M)325K341.3K
Short Term Debt364.1M484.8M470.7M510.2M463.2M486.4M
Accounts Payable284.5M278.7M496.3M422.0M470.3M493.8M
Common Stock Total Equity686.8M704.7M722.3M734.4M844.6M491.0M
Short Term Investments433.0M610.2M602.0M944.2M686.9M418.2M
Common Stock686.8M704.7M722.3M734.4M754.4M432.4M
Other Assets191.1M574.4M683.7M340.2M391.2M410.8M
Long Term Debt2.6B2.8B2.7B2.9B2.6B1.8B
Property Plant Equipment5.4B5.4B5.4B5.5B6.4B6.7B
Other Liab669.2M1.0B946.4M864.0M993.6M1.0B
Current Deferred Revenue(284.5M)(278.7M)(496.3M)40.8M240.3M252.3M
Net Tangible Assets2.4B2.3B2.3B2.4B2.8B2.0B
Retained Earnings Total Equity2.1B2.1B2.2B2.2B2.6B1.7B
Long Term Debt Total2.6B2.8B2.7B2.9B3.4B2.4B
Deferred Long Term Liab623.6M625.9M663.2M687.1M618.4M542.3M
Non Current Liabilities Other45.6M173.0M946.4M952.6M341.3M246.1M

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