Southwest Stock Based Compensation vs Other Non Cash Items 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 Stock Based Compensation and its Other Non Cash Items 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.

Stock Based Compensation vs Other Non Cash Items

Stock Based Compensation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southwest Airlines Stock Based Compensation account and Other Non Cash Items. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Southwest Airlines' Stock Based Compensation and Other Non Cash Items is -0.13. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Other Non Cash Items 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' Stock Based Compensation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Southwest Airlines Co are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Stock Based Compensation i.e., Southwest Airlines' Stock Based Compensation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Other Non Cash Items

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 Revenue15.8B23.8B26.1B27.4B
Depreciation And Amortization1.3B1.4B1.5B1.6B

Southwest Airlines fundamental ratios Correlations

0.870.190.930.720.89-0.460.890.850.890.070.880.92-0.560.930.850.41-0.780.990.90.380.520.240.940.770.77
0.87-0.170.70.470.56-0.610.670.990.570.080.990.89-0.450.980.660.33-0.640.920.990.320.20.280.770.530.75
0.19-0.170.230.530.550.480.36-0.240.540.01-0.220.02-0.310.010.020.09-0.260.11-0.190.290.74-0.080.070.510.01
0.930.70.230.640.91-0.50.880.710.9-0.060.730.86-0.560.750.910.23-0.770.910.760.330.580.110.980.710.59
0.720.470.530.640.790.00.770.410.80.130.460.62-0.40.580.560.64-0.650.640.490.550.620.320.610.860.74
0.890.560.550.910.79-0.150.90.511.00.080.560.74-0.570.690.790.37-0.740.820.590.390.740.160.840.830.6
-0.46-0.610.48-0.50.0-0.15-0.38-0.74-0.140.2-0.69-0.60.41-0.52-0.460.120.49-0.54-0.680.050.010.18-0.630.05-0.18
0.890.670.360.880.770.9-0.380.650.890.130.670.89-0.810.730.730.31-0.950.840.70.530.640.230.880.640.55
0.850.99-0.240.710.410.51-0.740.650.510.031.00.89-0.480.940.660.26-0.660.910.990.260.160.20.790.440.68
0.890.570.540.90.81.0-0.140.890.510.080.560.73-0.540.690.790.39-0.720.830.60.390.740.170.830.850.62
0.070.080.01-0.060.130.080.20.130.030.080.040.13-0.20.11-0.040.34-0.150.040.040.19-0.140.3-0.030.070.08
0.880.99-0.220.730.460.56-0.690.671.00.560.040.9-0.440.960.70.33-0.650.931.00.280.190.240.810.510.74
0.920.890.020.860.620.74-0.60.890.890.730.130.9-0.690.880.750.32-0.860.930.910.540.370.360.90.580.64
-0.56-0.45-0.31-0.56-0.4-0.570.41-0.81-0.48-0.54-0.2-0.44-0.69-0.47-0.290.010.91-0.54-0.45-0.48-0.51-0.07-0.58-0.15-0.07
0.930.980.010.750.580.69-0.520.730.940.690.110.960.88-0.470.690.41-0.670.960.960.320.340.260.80.650.79
0.850.660.020.910.560.79-0.460.730.660.79-0.040.70.75-0.290.690.24-0.590.830.740.20.260.190.910.680.66
0.410.330.090.230.640.370.120.310.260.390.340.330.320.010.410.24-0.160.360.340.290.290.460.260.60.73
-0.78-0.64-0.26-0.77-0.65-0.740.49-0.95-0.66-0.72-0.15-0.65-0.860.91-0.67-0.59-0.16-0.75-0.67-0.56-0.52-0.2-0.8-0.43-0.4
0.990.920.110.910.640.82-0.540.840.910.830.040.930.93-0.540.960.830.36-0.750.940.350.460.210.920.720.76
0.90.99-0.190.760.490.59-0.680.70.990.60.041.00.91-0.450.960.740.34-0.670.940.30.210.250.840.540.76
0.380.320.290.330.550.390.050.530.260.390.190.280.54-0.480.320.20.29-0.560.350.30.220.750.290.420.36
0.520.20.740.580.620.740.010.640.160.74-0.140.190.37-0.510.340.260.29-0.520.460.210.22-0.190.480.580.25
0.240.28-0.080.110.320.160.180.230.20.170.30.240.36-0.070.260.190.46-0.20.210.250.75-0.190.110.340.44
0.940.770.070.980.610.84-0.630.880.790.83-0.030.810.9-0.580.80.910.26-0.80.920.840.290.480.110.630.62
0.770.530.510.710.860.830.050.640.440.850.070.510.58-0.150.650.680.6-0.430.720.540.420.580.340.630.8
0.770.750.010.590.740.6-0.180.550.680.620.080.740.64-0.070.790.660.73-0.40.760.760.360.250.440.620.8
Click cells to compare fundamentals

Southwest Airlines Account Relationship Matchups

Southwest Airlines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets25.9B34.6B36.3B35.4B36.5B38.3B
Short Long Term Debt Total4.0B12.2B12.3B9.4B9.2B9.7B
Other Current Liab5.5B5.5B1.0B3.0B4.6B2.4B
Total Current Liabilities9.0B7.5B9.2B10.4B12.3B12.9B
Total Stockholder Equity9.8B8.9B10.4B10.7B10.5B5.4B
Property Plant And Equipment Net18.4B17.7B16.4B18.7B20.6B21.6B
Net Debt1.4B1.1B(199M)(61M)(88M)(83.6M)
Retained Earnings17.9B14.8B15.8B16.3B16.3B17.1B
Cash2.5B11.1B12.5B9.5B9.3B9.8B
Non Current Assets Total19.9B19.4B18.3B20.6B22.5B23.7B
Non Currrent Assets Other577M722M882M(1.4B)388M222.9M
Cash And Short Term Investments4.1B13.3B15.5B12.3B11.5B12.0B
Net Receivables1.1B1.1B1.4B1.0B1.2B1.2B
Common Stock Shares Outstanding539M565M609M642M640M578.0M
Liabilities And Stockholders Equity25.9B34.6B36.3B35.4B36.5B38.3B
Non Current Liabilities Total7.1B18.2B16.7B14.3B13.7B14.4B
Inventory529M414M537M790M807M847.4M
Other Current Assets574M590M1.3B686M520M399.3M
Other Stockholder Equity(8.9B)(6.7B)(6.6B)(6.8B)(6.7B)(6.3B)
Total Liab16.1B25.7B25.9B24.7B26.0B27.3B
Total Current Assets6.0B15.2B18.0B14.8B14.0B14.7B
Short Term Debt1.6B915M1.0B534M474M324.8M
Intangible Assets413M399M296M295M340.4M305.2M
Accounts Payable1.6B931M1.3B530M265M527.6M
Current Deferred Revenue4.5B3.8B5.6B6.1B6.6B6.9B
Accumulated Other Comprehensive Income(61M)(105M)388M344M395.6M415.4M
Short Term Investments1.5B2.3B3.0B2.8B2.2B1.8B
Other Assets527M732M586M936M842.4M773.7M
Other Liab4.3B6.5B5.1B5.1B4.6B4.3B
Net Tangible Assets8.6B7.6B9.1B9.4B10.8B9.4B
Long Term Debt2.8B1.3B9.7B10.3B11.8B6.0B
Capital Surpluse1.5B1.6B4.2B4.2B4.9B2.9B
Treasury Stock(8.5B)(10.4B)(10.9B)(10.9B)(9.8B)(10.3B)
Property Plant Equipment18.1B17.4B16.4B18.4B16.5B14.2B

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