SkyWest Total Stockholder Equity vs Other Current Assets 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 Total Stockholder Equity and its Other Current Assets 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.

Total Stockholder Equity vs Other Current Assets

Total Stockholder Equity vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SkyWest Total Stockholder Equity account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between SkyWest's Total Stockholder Equity and Other Current Assets is -0.2. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of SkyWest, assuming nothing else is changed. The correlation between historical values of SkyWest's Total Stockholder Equity and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of SkyWest are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Stockholder Equity i.e., SkyWest's Total Stockholder Equity and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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 Total Stockholder Equity vs Other Current Assets Analysis

Total Stockholder Equity vs Other Current Assets

Total Stockholder Equity vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Other Current Assets

SkyWest fundamental ratios Correlations

SkyWest Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SkyWest fundamental ratios Accounts

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Additional Tools for SkyWest Stock Analysis

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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