Spring Accounts Payable vs Non Currrent Assets Other Analysis

601021 Stock   57.17  1.33  2.27%   
Spring Airlines financial indicator trend analysis is much more than just breaking down Spring Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spring Airlines is a good investment. Please check the relationship between Spring Airlines Accounts Payable and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Spring 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 nation.

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spring Airlines Accounts Payable account and Non Currrent Assets Other. At this time, the significance of the direction appears to have pay attention.
The correlation between Spring Airlines' Accounts Payable and Non Currrent Assets Other is -0.93. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Spring Airlines Co, assuming nothing else is changed. The correlation between historical values of Spring Airlines' Accounts Payable and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Spring Airlines Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Accounts Payable i.e., Spring Airlines' Accounts Payable and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.93
Relationship DirectionNegative 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Spring Airlines obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Spring Airlines are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Spring Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spring 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 Spring 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 nation.
The current year's Selling General Administrative is expected to grow to about 356.4 M. The current year's Tax Provision is expected to grow to about 403.8 M
 2021 2023 2024 (projected)
Minority Interest1.8M1.6M1.7M
Interest Income204.6M363.3M223.7M

Spring Airlines fundamental ratios Correlations

0.240.980.950.820.780.630.970.840.950.040.940.250.980.810.920.910.90.58-0.740.850.90.940.930.92-0.7
0.240.310.38-0.150.54-0.370.30.050.060.070.420.230.140.160.30.040.280.61-0.290.20.410.180.320.020.26
0.980.310.930.790.740.60.990.810.91-0.040.930.190.970.830.880.890.880.61-0.750.840.930.940.910.91-0.71
0.950.380.930.710.920.490.930.770.850.210.940.380.870.690.940.850.950.6-0.820.880.880.930.970.8-0.52
0.82-0.150.790.710.50.940.790.660.8-0.210.770.030.850.920.660.960.760.32-0.770.840.790.840.720.94-0.94
0.780.540.740.920.50.250.760.650.680.320.840.560.660.50.860.690.840.55-0.760.740.720.740.840.55-0.25
0.63-0.370.60.490.940.250.60.570.64-0.310.57-0.150.690.80.430.820.580.13-0.610.70.60.670.520.84-0.93
0.970.30.990.930.790.760.60.810.9-0.080.930.250.950.810.880.880.890.57-0.790.830.90.960.910.88-0.7
0.840.050.810.770.660.650.570.810.880.10.660.320.830.580.830.790.640.2-0.510.60.580.750.670.69-0.62
0.950.060.910.850.80.680.640.90.880.050.830.280.970.760.870.870.760.43-0.580.720.790.880.830.87-0.72
0.040.07-0.040.21-0.210.32-0.31-0.080.10.05-0.020.17-0.08-0.320.24-0.070.16-0.210.00.08-0.080.070.21-0.20.34
0.940.420.930.940.770.840.570.930.660.83-0.020.220.890.820.840.850.930.7-0.830.890.950.910.950.88-0.6
0.250.230.190.380.030.56-0.150.250.320.280.170.220.15-0.070.460.20.260.22-0.230.140.120.230.23-0.020.17
0.980.140.970.870.850.660.690.950.830.97-0.080.890.150.850.850.90.810.54-0.650.790.880.910.860.94-0.77
0.810.160.830.690.920.50.80.810.580.76-0.320.82-0.070.850.630.90.710.48-0.730.80.870.80.70.92-0.89
0.920.30.880.940.660.860.430.880.830.870.240.840.460.850.630.810.830.45-0.690.740.760.860.860.72-0.51
0.910.040.890.850.960.690.820.880.790.87-0.070.850.20.90.90.810.840.39-0.830.890.850.90.810.92-0.86
0.90.280.880.950.760.840.580.890.640.760.160.930.260.810.710.830.840.59-0.90.960.890.940.970.83-0.56
0.580.610.610.60.320.550.130.570.20.43-0.210.70.220.540.480.450.390.59-0.460.520.740.490.610.54-0.15
-0.74-0.29-0.75-0.82-0.77-0.76-0.61-0.79-0.51-0.580.0-0.83-0.23-0.65-0.73-0.69-0.83-0.9-0.46-0.93-0.83-0.86-0.81-0.720.61
0.850.20.840.880.840.740.70.830.60.720.080.890.140.790.80.740.890.960.52-0.930.90.910.90.87-0.68
0.90.410.930.880.790.720.60.90.580.79-0.080.950.120.880.870.760.850.890.74-0.830.90.910.90.89-0.67
0.940.180.940.930.840.740.670.960.750.880.070.910.230.910.80.860.90.940.49-0.860.910.910.940.89-0.73
0.930.320.910.970.720.840.520.910.670.830.210.950.230.860.70.860.810.970.61-0.810.90.90.940.83-0.53
0.920.020.910.80.940.550.840.880.690.87-0.20.88-0.020.940.920.720.920.830.54-0.720.870.890.890.83-0.86
-0.70.26-0.71-0.52-0.94-0.25-0.93-0.7-0.62-0.720.34-0.60.17-0.77-0.89-0.51-0.86-0.56-0.150.61-0.68-0.67-0.73-0.53-0.86
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Spring Airlines Account Relationship Matchups

Spring Airlines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets29.4B32.4B38.3B43.4B44.2B25.5B
Other Current Liab1.9B3.6B1.4B1.2B496.0M471.2M
Total Current Liabilities8.6B10.9B9.7B13.4B12.8B7.4B
Total Stockholder Equity15.0B14.2B13.7B13.7B15.7B10.0B
Other Liab1.0B1.2B1.4B2.1B2.4B2.6B
Retained Earnings9.1B8.4B7.9B4.4B6.6B5.6B
Accounts Payable209.9M170.3M666.6M661.6M902.4M947.5M
Cash7.7B9.2B7.3B10.2B11.6B6.1B
Other Assets1.4B1.3B1.5B1.7B1.9B1.5B
Long Term Debt5.4B6.0B9.5B10.9B11.1B6.2B
Net Receivables618.5M62.7M98.5M105.3M180.4M171.4M
Inventory168.5M217.8M213.4M174.8M202.1M124.4M
Other Current Assets1.2B412.1M555.8M253.5M272.9M545.0M
Total Liab14.3B18.2B24.6B29.7B28.5B15.5B
Intangible Assets65.9M774.7M782.0M765.2M751.1M788.6M
Common Stock916.9M916.7M916.5M978.5M1.1B755.9M
Property Plant Equipment14.9B17.1B19.2B26.3B30.3B31.8B
Net Tangible Assets13.3B15.0B13.4B13.0B14.9B12.1B
Deferred Long Term Liab383.0M332.0M329.9M384.8M346.3M312.2M
Short Long Term Debt3.5B5.3B4.2B5.4B3.8B3.5B
Total Current Assets9.7B10.3B8.7B11.8B13.0B9.8B
Non Current Assets Total19.6B22.1B29.6B31.6B31.3B24.5B
Non Currrent Assets Other921.8M662.4M524.5M251.3M172.3M163.6M
Non Current Liabilities Total5.7B7.4B14.9B16.3B15.7B11.0B
Non Current Liabilities Other181.6M156.5M517.9M537.3M598.5M369.6M
Net Debt188.2M2.1B6.4B6.1B3.3B3.8B
Common Stock Shares Outstanding916.9M916.7M916.5M978.5M1.1B1.0B
Other Stockholder Equity68.1M125.0M(1.2M)90.3M103.8M62.6M
Net Invested Capital22.9B25.5B27.5B30.0B30.6B27.3B
Net Working Capital1.1B(564.6M)(960.8M)(1.6B)183.8M172.2M

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Other Information on Investing in Spring Stock

Balance Sheet is a snapshot of the financial position of Spring Airlines at a specified time, usually calculated after every quarter, six months, or one year. Spring Airlines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spring Airlines and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Spring currently owns. An asset can also be divided into two categories, current and non-current.