Southwest Net Borrowings vs Net Income Analysis

0L8F Stock

32.52 0.36 1.12%

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

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

Net Borrowings vs Net Income

Net Borrowings vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southwest Airlines Net Borrowings account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Southwest Airlines' Net Borrowings and Net Income is -0.61. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income in the same time period over historical financial statements of Southwest Airlines Co, assuming nothing else is changed. The correlation between historical values of Southwest Airlines' Net Borrowings and Net Income 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 Borrowings of Southwest Airlines Co are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Borrowings i.e., Southwest Airlines' Net Borrowings and Net Income go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Southwest Airlines financial statement analysis. It represents the amount of money remaining after all of Southwest Airlines Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Southwest Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southwest 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Southwest Airlines Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Southwest Stock please use our How to Invest in Southwest Airlines guide.Selling General Administrative is likely to drop to about 3 B in 2024. Tax Provision is likely to drop to about 277 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	15.8B	23.8B	26.1B	27.4B
Depreciation And Amortization	1.3B	1.4B	1.5B	1.6B

Total Revenue Depreciation And Amortization

Southwest Airlines 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	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Common Stock	Short Term Investments
Total Assets		0.87	0.19	0.93	0.72	0.89	-0.46	0.89	0.85	0.89	0.07	0.88	0.92	-0.56	0.93	0.85	0.41	-0.78	0.99	0.9	0.38	0.52	0.24	0.94	0.77	0.77
Short Long Term Debt Total	0.87		-0.17	0.7	0.47	0.56	-0.61	0.67	0.99	0.57	0.08	0.99	0.89	-0.45	0.98	0.66	0.33	-0.64	0.92	0.99	0.32	0.2	0.28	0.77	0.53	0.75
Other Current Liab	0.19	-0.17		0.23	0.53	0.55	0.48	0.36	-0.24	0.54	0.01	-0.22	0.02	-0.31	0.01	0.02	0.09	-0.26	0.11	-0.19	0.29	0.74	-0.08	0.07	0.51	0.01
Total Current Liabilities	0.93	0.7	0.23		0.64	0.91	-0.5	0.88	0.71	0.9	-0.06	0.73	0.86	-0.56	0.75	0.91	0.23	-0.77	0.91	0.76	0.33	0.58	0.11	0.98	0.71	0.59
Total Stockholder Equity	0.72	0.47	0.53	0.64		0.79	0.0	0.77	0.41	0.8	0.13	0.46	0.62	-0.4	0.58	0.56	0.64	-0.65	0.64	0.49	0.55	0.62	0.32	0.61	0.86	0.74
Property Plant And Equipment Net	0.89	0.56	0.55	0.91	0.79		-0.15	0.9	0.51	1.0	0.08	0.56	0.74	-0.57	0.69	0.79	0.37	-0.74	0.82	0.59	0.39	0.74	0.16	0.84	0.83	0.6
Net Debt	-0.46	-0.61	0.48	-0.5	0.0	-0.15		-0.38	-0.74	-0.14	0.2	-0.69	-0.6	0.41	-0.52	-0.46	0.12	0.49	-0.54	-0.68	0.05	0.01	0.18	-0.63	0.05	-0.18
Retained Earnings	0.89	0.67	0.36	0.88	0.77	0.9	-0.38		0.65	0.89	0.13	0.67	0.89	-0.81	0.73	0.73	0.31	-0.95	0.84	0.7	0.53	0.64	0.23	0.88	0.64	0.55
Cash	0.85	0.99	-0.24	0.71	0.41	0.51	-0.74	0.65		0.51	0.03	1.0	0.89	-0.48	0.94	0.66	0.26	-0.66	0.91	0.99	0.26	0.16	0.2	0.79	0.44	0.68
Non Current Assets Total	0.89	0.57	0.54	0.9	0.8	1.0	-0.14	0.89	0.51		0.08	0.56	0.73	-0.54	0.69	0.79	0.39	-0.72	0.83	0.6	0.39	0.74	0.17	0.83	0.85	0.62
Non Currrent Assets Other	0.07	0.08	0.01	-0.06	0.13	0.08	0.2	0.13	0.03	0.08		0.04	0.13	-0.2	0.11	-0.04	0.34	-0.15	0.04	0.04	0.19	-0.14	0.3	-0.03	0.07	0.08
Cash And Short Term Investments	0.88	0.99	-0.22	0.73	0.46	0.56	-0.69	0.67	1.0	0.56	0.04		0.9	-0.44	0.96	0.7	0.33	-0.65	0.93	1.0	0.28	0.19	0.24	0.81	0.51	0.74
Net Receivables	0.92	0.89	0.02	0.86	0.62	0.74	-0.6	0.89	0.89	0.73	0.13	0.9		-0.69	0.88	0.75	0.32	-0.86	0.93	0.91	0.54	0.37	0.36	0.9	0.58	0.64
Common Stock Shares Outstanding	-0.56	-0.45	-0.31	-0.56	-0.4	-0.57	0.41	-0.81	-0.48	-0.54	-0.2	-0.44	-0.69		-0.47	-0.29	0.01	0.91	-0.54	-0.45	-0.48	-0.51	-0.07	-0.58	-0.15	-0.07
Non Current Liabilities Total	0.93	0.98	0.01	0.75	0.58	0.69	-0.52	0.73	0.94	0.69	0.11	0.96	0.88	-0.47		0.69	0.41	-0.67	0.96	0.96	0.32	0.34	0.26	0.8	0.65	0.79
Inventory	0.85	0.66	0.02	0.91	0.56	0.79	-0.46	0.73	0.66	0.79	-0.04	0.7	0.75	-0.29	0.69		0.24	-0.59	0.83	0.74	0.2	0.26	0.19	0.91	0.68	0.66
Other Current Assets	0.41	0.33	0.09	0.23	0.64	0.37	0.12	0.31	0.26	0.39	0.34	0.33	0.32	0.01	0.41	0.24		-0.16	0.36	0.34	0.29	0.29	0.46	0.26	0.6	0.73
Other Stockholder Equity	-0.78	-0.64	-0.26	-0.77	-0.65	-0.74	0.49	-0.95	-0.66	-0.72	-0.15	-0.65	-0.86	0.91	-0.67	-0.59	-0.16		-0.75	-0.67	-0.56	-0.52	-0.2	-0.8	-0.43	-0.4
Total Liab	0.99	0.92	0.11	0.91	0.64	0.82	-0.54	0.84	0.91	0.83	0.04	0.93	0.93	-0.54	0.96	0.83	0.36	-0.75		0.94	0.35	0.46	0.21	0.92	0.72	0.76
Total Current Assets	0.9	0.99	-0.19	0.76	0.49	0.59	-0.68	0.7	0.99	0.6	0.04	1.0	0.91	-0.45	0.96	0.74	0.34	-0.67	0.94		0.3	0.21	0.25	0.84	0.54	0.76
Short Term Debt	0.38	0.32	0.29	0.33	0.55	0.39	0.05	0.53	0.26	0.39	0.19	0.28	0.54	-0.48	0.32	0.2	0.29	-0.56	0.35	0.3		0.22	0.75	0.29	0.42	0.36
Intangible Assets	0.52	0.2	0.74	0.58	0.62	0.74	0.01	0.64	0.16	0.74	-0.14	0.19	0.37	-0.51	0.34	0.26	0.29	-0.52	0.46	0.21	0.22		-0.19	0.48	0.58	0.25
Accounts Payable	0.24	0.28	-0.08	0.11	0.32	0.16	0.18	0.23	0.2	0.17	0.3	0.24	0.36	-0.07	0.26	0.19	0.46	-0.2	0.21	0.25	0.75	-0.19		0.11	0.34	0.44
Current Deferred Revenue	0.94	0.77	0.07	0.98	0.61	0.84	-0.63	0.88	0.79	0.83	-0.03	0.81	0.9	-0.58	0.8	0.91	0.26	-0.8	0.92	0.84	0.29	0.48	0.11		0.63	0.62
Common Stock	0.77	0.53	0.51	0.71	0.86	0.83	0.05	0.64	0.44	0.85	0.07	0.51	0.58	-0.15	0.65	0.68	0.6	-0.43	0.72	0.54	0.42	0.58	0.34	0.63		0.8
Short Term Investments	0.77	0.75	0.01	0.59	0.74	0.6	-0.18	0.55	0.68	0.62	0.08	0.74	0.64	-0.07	0.79	0.66	0.73	-0.4	0.76	0.76	0.36	0.25	0.44	0.62	0.8

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Southwest Airlines Account Relationship Matchups

Southwest Airlines fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	25.9B	34.6B	36.3B	35.4B	36.5B	38.3B
Short Long Term Debt Total	4.0B	12.2B	12.3B	9.4B	9.2B	9.7B
Other Current Liab	5.5B	5.5B	1.0B	3.0B	4.6B	2.4B
Total Current Liabilities	9.0B	7.5B	9.2B	10.4B	12.3B	12.9B
Total Stockholder Equity	9.8B	8.9B	10.4B	10.7B	10.5B	5.4B
Property Plant And Equipment Net	18.4B	17.7B	16.4B	18.7B	20.6B	21.6B
Net Debt	1.4B	1.1B	(199M)	(61M)	(88M)	(83.6M)
Retained Earnings	17.9B	14.8B	15.8B	16.3B	16.3B	17.1B
Cash	2.5B	11.1B	12.5B	9.5B	9.3B	9.8B
Non Current Assets Total	19.9B	19.4B	18.3B	20.6B	22.5B	23.7B
Non Currrent Assets Other	577M	722M	882M	(1.4B)	388M	222.9M
Cash And Short Term Investments	4.1B	13.3B	15.5B	12.3B	11.5B	12.0B
Net Receivables	1.1B	1.1B	1.4B	1.0B	1.2B	1.2B
Common Stock Shares Outstanding	539M	565M	609M	642M	640M	578.0M
Liabilities And Stockholders Equity	25.9B	34.6B	36.3B	35.4B	36.5B	38.3B
Non Current Liabilities Total	7.1B	18.2B	16.7B	14.3B	13.7B	14.4B
Inventory	529M	414M	537M	790M	807M	847.4M
Other Current Assets	574M	590M	1.3B	686M	520M	399.3M
Other Stockholder Equity	(8.9B)	(6.7B)	(6.6B)	(6.8B)	(6.7B)	(6.3B)
Total Liab	16.1B	25.7B	25.9B	24.7B	26.0B	27.3B
Total Current Assets	6.0B	15.2B	18.0B	14.8B	14.0B	14.7B
Short Term Debt	1.6B	915M	1.0B	534M	474M	324.8M
Intangible Assets	413M	399M	296M	295M	340.4M	305.2M
Accounts Payable	1.6B	931M	1.3B	530M	265M	527.6M
Current Deferred Revenue	4.5B	3.8B	5.6B	6.1B	6.6B	6.9B
Accumulated Other Comprehensive Income	(61M)	(105M)	388M	344M	395.6M	415.4M
Short Term Investments	1.5B	2.3B	3.0B	2.8B	2.2B	1.8B
Other Assets	527M	732M	586M	936M	842.4M	773.7M
Other Liab	4.3B	6.5B	5.1B	5.1B	4.6B	4.3B
Net Tangible Assets	8.6B	7.6B	9.1B	9.4B	10.8B	9.4B
Long Term Debt	2.8B	1.3B	9.7B	10.3B	11.8B	6.0B
Capital Surpluse	1.5B	1.6B	4.2B	4.2B	4.9B	2.9B
Treasury Stock	(8.5B)	(10.4B)	(10.9B)	(10.9B)	(9.8B)	(10.3B)
Property Plant Equipment	18.1B	17.4B	16.4B	18.4B	16.5B	14.2B

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Southwest Net Borrowings vs Net Income Analysis

Net Borrowings vs Net Income

Net Borrowings vs Net Income Correlation Analysis

Correlation Coefficient

Net Borrowings

Net Income

Southwest Airlines fundamental ratios Correlations

Southwest Airlines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Southwest Airlines fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 0.99	Total Assets
Cash	+ 0.99	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.95	Retained Earnings
Other Stockholder Equity	- 0.86	Net Receivables
Common Stock Shares Outstanding	- 0.81	Retained Earnings
Current Deferred Revenue	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.78	Total Assets
Other Stockholder Equity	- 0.77	Total Current Liabilities