Sun Net Debt vs Cash And Short Term Investments Analysis

SNCY Stock

USD 14.42 0.49 3.52%

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

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Country Airlines Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Sun Country's Net Debt and Cash And Short Term Investments is -0.09. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Sun Country Airlines, assuming nothing else is changed. The correlation between historical values of Sun Country's Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Sun Country Airlines are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Sun Country's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.09

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Sun Country Airlines balance sheet. This account contains Sun Country investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sun Country Airlines fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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

Enterprise Value is likely to rise to about 2.2 B in 2024, whereas Tax Provision is likely to drop slightly above 13.1 M in 2024.

	2021	2022	2023	2024 (projected)
EBIT	126.7M	54.2M	136.8M	80.7M
Other Operating Expenses	581.4M	838.7M	922.1M	624.8M

Ebit Other Operating Expenses

Sun Country fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will
Other Current Liab		0.08	0.35	0.45	-0.02	0.28	-0.55	0.25	0.45	0.78	0.51	0.48	-0.53	0.08	0.53	0.48	0.54	0.46	-0.5	0.26	0.21	0.48	0.44	0.46	0.3	-0.18
Total Current Liabilities	0.08		0.16	0.87	0.82	0.97	-0.78	0.89	0.92	0.52	0.74	0.73	-0.79	0.83	0.85	0.86	0.8	0.87	-0.85	0.64	0.09	0.87	0.39	0.78	0.49	-0.57
Other Liab	0.35	0.16		0.32	0.15	0.2	0.05	-0.08	0.35	0.32	-0.15	-0.21	0.05	0.47	0.13	0.2	0.01	0.41	-0.49	0.74	-0.72	0.33	-0.47	-0.02	-0.47	-0.11
Net Tangible Assets	0.45	0.87	0.32		0.84	0.91	-0.87	0.82	0.96	0.75	0.75	0.72	-0.87	0.75	0.92	0.95	0.85	0.94	-0.94	0.74	-0.01	0.96	0.34	0.83	0.46	-0.78
Retained Earnings	-0.02	0.82	0.15	0.84		0.74	-0.63	0.76	0.76	0.5	0.55	0.46	-0.62	0.75	0.7	0.81	0.6	0.79	-0.74	0.72	-0.17	0.8	0.03	0.71	0.38	-0.86
Accounts Payable	0.28	0.97	0.2	0.91	0.74		-0.85	0.91	0.97	0.64	0.82	0.82	-0.85	0.82	0.91	0.9	0.87	0.89	-0.91	0.64	0.16	0.9	0.5	0.84	0.5	-0.52
Other Assets	-0.55	-0.78	0.05	-0.87	-0.63	-0.85		-0.87	-0.86	-0.78	-0.94	-0.95	1.0	-0.48	-0.98	-0.91	-0.99	-0.84	0.78	-0.37	-0.48	-0.89	-0.74	-0.89	-0.81	0.61
Net Receivables	0.25	0.89	-0.08	0.82	0.76	0.91	-0.87		0.89	0.7	0.93	0.87	-0.86	0.75	0.89	0.92	0.87	0.83	-0.81	0.51	0.35	0.85	0.59	0.96	0.67	-0.51
Inventory	0.45	0.92	0.35	0.96	0.76	0.97	-0.86	0.89		0.79	0.82	0.78	-0.86	0.84	0.94	0.96	0.88	0.96	-0.98	0.76	0.06	0.96	0.42	0.88	0.47	-0.58
Other Current Assets	0.78	0.52	0.32	0.75	0.5	0.64	-0.78	0.7	0.79		0.8	0.69	-0.76	0.54	0.83	0.87	0.79	0.84	-0.82	0.61	0.2	0.84	0.44	0.85	0.54	-0.45
Other Stockholder Equity	0.51	0.74	-0.15	0.75	0.55	0.82	-0.94	0.93	0.82	0.8		0.96	-0.92	0.53	0.92	0.89	0.93	0.77	-0.74	0.33	0.57	0.81	0.79	0.96	0.8	-0.41
Total Current Assets	0.48	0.73	-0.21	0.72	0.46	0.82	-0.95	0.87	0.78	0.69	0.96		-0.95	0.41	0.91	0.82	0.96	0.71	-0.67	0.2	0.66	0.76	0.89	0.86	0.84	-0.38
Common Stock	-0.53	-0.79	0.05	-0.87	-0.62	-0.85	1.0	-0.86	-0.86	-0.76	-0.92	-0.95		-0.47	-0.97	-0.9	-0.99	-0.83	0.77	-0.36	-0.49	-0.89	-0.74	-0.87	-0.81	0.61
Property Plant Equipment	0.08	0.83	0.47	0.75	0.75	0.82	-0.48	0.75	0.84	0.54	0.53	0.41	-0.47		0.63	0.75	0.51	0.79	-0.87	0.89	-0.31	0.75	0.01	0.68	0.06	-0.4
Total Assets	0.53	0.85	0.13	0.92	0.7	0.91	-0.98	0.89	0.94	0.83	0.92	0.91	-0.97	0.63		0.96	0.99	0.93	-0.88	0.55	0.34	0.96	0.63	0.91	0.73	-0.62
Short Long Term Debt Total	0.48	0.86	0.2	0.95	0.81	0.9	-0.91	0.92	0.96	0.87	0.89	0.82	-0.9	0.75	0.96		0.91	0.96	-0.93	0.69	0.18	0.97	0.47	0.95	0.62	-0.68
Total Stockholder Equity	0.54	0.8	0.01	0.85	0.6	0.87	-0.99	0.87	0.88	0.79	0.93	0.96	-0.99	0.51	0.99	0.91		0.86	-0.8	0.4	0.49	0.9	0.74	0.88	0.81	-0.55
Property Plant And Equipment Net	0.46	0.87	0.41	0.94	0.79	0.89	-0.84	0.83	0.96	0.84	0.77	0.71	-0.83	0.79	0.93	0.96	0.86		-0.96	0.79	0.02	0.99	0.33	0.84	0.51	-0.66
Current Deferred Revenue	-0.5	-0.85	-0.49	-0.94	-0.74	-0.91	0.78	-0.81	-0.98	-0.82	-0.74	-0.67	0.77	-0.87	-0.88	-0.93	-0.8	-0.96		-0.85	0.09	-0.95	-0.28	-0.84	-0.34	0.57
Net Debt	0.26	0.64	0.74	0.74	0.72	0.64	-0.37	0.51	0.76	0.61	0.33	0.2	-0.36	0.89	0.55	0.69	0.4	0.79	-0.85		-0.56	0.74	-0.25	0.54	-0.09	-0.53
Cash	0.21	0.09	-0.72	-0.01	-0.17	0.16	-0.48	0.35	0.06	0.2	0.57	0.66	-0.49	-0.31	0.34	0.18	0.49	0.02	0.09	-0.56		0.09	0.91	0.35	0.81	0.15
Non Current Assets Total	0.48	0.87	0.33	0.96	0.8	0.9	-0.89	0.85	0.96	0.84	0.81	0.76	-0.89	0.75	0.96	0.97	0.9	0.99	-0.95	0.74	0.09		0.4	0.87	0.57	-0.7
Non Currrent Assets Other	0.44	0.39	-0.47	0.34	0.03	0.5	-0.74	0.59	0.42	0.44	0.79	0.89	-0.74	0.01	0.63	0.47	0.74	0.33	-0.28	-0.25	0.91	0.4		0.59	0.82	-0.02
Long Term Debt	0.46	0.78	-0.02	0.83	0.71	0.84	-0.89	0.96	0.88	0.85	0.96	0.86	-0.87	0.68	0.91	0.95	0.88	0.84	-0.84	0.54	0.35	0.87	0.59		0.68	-0.54
Cash And Short Term Investments	0.3	0.49	-0.47	0.46	0.38	0.5	-0.81	0.67	0.47	0.54	0.8	0.84	-0.81	0.06	0.73	0.62	0.81	0.51	-0.34	-0.09	0.81	0.57	0.82	0.68		-0.4
Good Will	-0.18	-0.57	-0.11	-0.78	-0.86	-0.52	0.61	-0.51	-0.58	-0.45	-0.41	-0.38	0.61	-0.4	-0.62	-0.68	-0.55	-0.66	0.57	-0.53	0.15	-0.7	-0.02	-0.54	-0.4

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Sun Country Account Relationship Matchups

Sun Country fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	56.9M	141.8M	170.8M	215.3M	173.3M	167.4M
Total Current Liabilities	353.6M	253.7M	281.7M	377.1M	418.6M	349.7M
Other Liab	50.0M	50.9M	120.8K	106.7M	122.8M	63.7M
Net Tangible Assets	(35.6M)	(31.5M)	486.8K	492.7M	566.6M	594.9M
Retained Earnings	42.2M	38.3M	594K	22.0M	94.2M	98.9M
Accounts Payable	43.9M	34.0M	39.8M	62.4M	59.0M	49.1M
Other Assets	83.8M	75.4M	427.6K	(100K)	(90K)	(85.5K)
Net Receivables	22.4M	28.7M	30.2M	35.1M	38.2M	30.4M
Inventory	5.3M	5.4M	5.4M	7.7M	7.8M	6.7M
Other Current Assets	2.8M	25.0M	24.3M	31.7M	38.0M	25.5M
Other Stockholder Equity	2.4M	248.5M	485.6M	470.9M	419.6M	297.7M
Total Current Assets	112.5M	126.7M	375.4M	345.5M	271.4M	240.7M
Property Plant Equipment	492.2M	535.8M	573.6K	700.4M	805.5M	422.3M

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Sun Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

Sun Country fundamental ratios Correlations

Sun Country Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sun Country fundamental ratios Accounts

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Additional Tools for Sun Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Other Assets
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Accounts Payable	+ 0.97	Total Current Liabilities
Inventory	+ 0.97	Accounts Payable
Non Current Assets Total	+ 0.97	Short Long Term Debt Total

Total Stockholder Equity	- 0.99	Common Stock
Total Stockholder Equity	- 0.99	Other Assets
Current Deferred Revenue	- 0.98	Inventory
Total Assets	- 0.98	Other Assets
Total Assets	- 0.97	Common Stock
Current Deferred Revenue	- 0.96	Property Plant And Equipment Net