Spring Total Current Assets vs Other Current Assets 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 Total Current Assets and its Other Current Assets 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.

Total Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spring Airlines Total Current Assets account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Spring Airlines' Total Current Assets and Other Current Assets is 0.23. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets 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' Total Current Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Spring Airlines Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Assets i.e., Spring Airlines' Total Current Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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.