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 Short Term Investments and its Non Current Assets Total 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.
Short Term Investments vs Non Current Assets Total
Short Term Investments vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spring Airlines Short Term Investments account and
Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Spring Airlines' Short Term Investments and Non Current Assets Total is 0.54. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Non Current Assets Total 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' Short Term Investments and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Spring Airlines Co are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Short Term Investments i.e., Spring Airlines' Short Term Investments and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Spring Airlines balance sheet. It contains any investments Spring Airlines Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Spring Airlines can easily liquidate in the marketplace.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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
MSpring Airlines fundamental ratios Correlations
Click cells to compare fundamentals
Spring Airlines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spring Airlines fundamental ratios Accounts
Currently Active Assets on Macroaxis
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.