FLYHT Total Current Assets vs Cash Analysis

FLY Stock

CAD 0.34 0.01 3.03%

FLYHT Aerospace financial indicator trend analysis is much more than just examining FLYHT Aerospace Solutions latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FLYHT Aerospace Solutions is a good investment. Please check the relationship between FLYHT Aerospace Total Current Assets and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FLYHT Aerospace Solutions. 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.

Total Current Assets vs Cash

Total Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FLYHT Aerospace Solutions Total Current Assets account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between FLYHT Aerospace's Total Current Assets and Cash is 0.76. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of FLYHT Aerospace Solutions, assuming nothing else is changed. The correlation between historical values of FLYHT Aerospace's Total Current Assets and Cash 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 FLYHT Aerospace Solutions are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., FLYHT Aerospace's Total Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Cash

Cash refers to the most liquid asset of FLYHT Aerospace Solutions, which is listed under current asset account on FLYHT Aerospace Solutions balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from FLYHT Aerospace customers. The amounts must be unrestricted with restricted cash listed in a different FLYHT Aerospace account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from FLYHT Aerospace's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FLYHT Aerospace Solutions 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FLYHT Aerospace Solutions. 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.

At this time, FLYHT Aerospace's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 46.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	699.6K	585.0K	580.7K	473.6K
Depreciation And Amortization	692.9K	660.0K	658.7K	333.1K

Interest Expense Depreciation And Amortization

FLYHT Aerospace fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Non Current Liabilities Total	Inventory	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Other Liab	Net Tangible Assets
Total Assets		0.14	0.7	0.47	-0.76	0.13	0.61	0.64	0.76	0.77	0.47	-0.17	0.64	0.92	0.8	0.26	0.79	-0.24	0.75	0.83	0.42	0.15	0.46	0.69	-0.5	0.76
Total Current Liabilities	0.14		-0.53	0.42	-0.42	0.6	0.17	0.19	-0.04	0.13	0.19	0.4	0.77	0.16	0.48	0.26	-0.06	0.53	0.03	-0.01	0.37	0.73	0.07	-0.26	-0.02	-0.31
Total Stockholder Equity	0.7	-0.53		0.07	-0.32	-0.35	0.35	0.36	0.68	0.54	0.25	-0.58	-0.09	0.63	0.26	0.05	0.67	-0.65	0.59	0.49	0.05	-0.24	0.32	0.76	-0.4	0.88
Net Debt	0.47	0.42	0.07		-0.61	0.21	0.03	0.07	0.33	0.75	0.25	-0.15	0.59	0.29	0.62	0.41	0.62	0.07	0.75	0.43	0.33	0.4	0.73	0.38	-0.32	0.31
Retained Earnings	-0.76	-0.42	-0.32	-0.61		-0.25	-0.42	-0.44	-0.53	-0.85	-0.37	0.04	-0.73	-0.72	-0.66	-0.5	-0.58	-0.22	-0.66	-0.61	-0.72	-0.24	-0.45	-0.47	0.23	-0.57
Accounts Payable	0.13	0.6	-0.35	0.21	-0.25		-0.04	-0.03	0.16	0.13	0.12	0.49	0.56	0.1	0.13	0.19	0.01	0.45	0.13	0.16	0.06	-0.03	0.25	-0.21	-0.34	-0.03
Cash	0.61	0.17	0.35	0.03	-0.42	-0.04		1.0	0.15	0.29	0.39	0.27	0.48	0.76	0.67	0.12	0.42	-0.16	0.26	0.55	0.4	0.32	-0.07	0.26	-0.32	0.32
Cash And Short Term Investments	0.64	0.19	0.36	0.07	-0.44	-0.03	1.0		0.17	0.33	0.39	0.27	0.51	0.77	0.7	0.16	0.45	-0.17	0.29	0.57	0.39	0.32	-0.03	0.29	-0.34	0.35
Net Receivables	0.76	-0.04	0.68	0.33	-0.53	0.16	0.15	0.17		0.56	0.35	-0.38	0.33	0.73	0.4	0.03	0.45	-0.1	0.51	0.57	0.17	-0.14	0.41	0.48	-0.41	0.69
Common Stock Shares Outstanding	0.77	0.13	0.54	0.75	-0.85	0.13	0.29	0.33	0.56		0.2	-0.29	0.5	0.59	0.57	0.56	0.84	-0.13	0.94	0.62	0.4	0.08	0.8	0.64	-0.46	0.77
Other Current Assets	0.47	0.19	0.25	0.25	-0.37	0.12	0.39	0.39	0.35	0.2		0.12	0.4	0.56	0.43	0.26	0.28	-0.15	0.23	0.38	0.5	0.2	-0.05	0.46	0.08	0.33
Other Stockholder Equity	-0.17	0.4	-0.58	-0.15	0.04	0.49	0.27	0.27	-0.38	-0.29	0.12		0.39	-0.02	0.08	-0.01	-0.37	0.56	-0.33	0.12	0.26	0.0	-0.19	-0.58	0.26	-0.45
Total Liab	0.64	0.77	-0.09	0.59	-0.73	0.56	0.48	0.51	0.33	0.5	0.4	0.39		0.61	0.84	0.31	0.38	0.37	0.41	0.64	0.54	0.46	0.29	0.15	-0.27	0.13
Total Current Assets	0.92	0.16	0.63	0.29	-0.72	0.1	0.76	0.77	0.73	0.59	0.56	-0.02	0.61		0.74	0.14	0.57	-0.08	0.51	0.75	0.53	0.16	0.21	0.5	-0.4	0.66
Short Long Term Debt Total	0.8	0.48	0.26	0.62	-0.66	0.13	0.67	0.7	0.4	0.57	0.43	0.08	0.84	0.74		0.18	0.63	-0.04	0.56	0.74	0.47	0.56	0.3	0.44	-0.37	0.31
Other Current Liab	0.26	0.26	0.05	0.41	-0.5	0.19	0.12	0.16	0.03	0.56	0.26	-0.01	0.31	0.14	0.18		0.4	-0.12	0.53	0.17	0.11	0.1	0.49	0.35	-0.06	0.36
Property Plant And Equipment Net	0.79	-0.06	0.67	0.62	-0.58	0.01	0.42	0.45	0.45	0.84	0.28	-0.37	0.38	0.57	0.63	0.4		-0.51	0.94	0.67	0.19	0.09	0.66	0.82	-0.62	0.79
Current Deferred Revenue	-0.24	0.53	-0.65	0.07	-0.22	0.45	-0.16	-0.17	-0.1	-0.13	-0.15	0.56	0.37	-0.08	-0.04	-0.12	-0.51		-0.37	-0.06	0.43	0.04	-0.16	-0.65	0.28	-0.49
Non Current Assets Total	0.75	0.03	0.59	0.75	-0.66	0.13	0.26	0.29	0.51	0.94	0.23	-0.33	0.41	0.51	0.56	0.53	0.94	-0.37		0.62	0.19	0.05	0.85	0.72	-0.56	0.79
Non Current Liabilities Total	0.83	-0.01	0.49	0.43	-0.61	0.16	0.55	0.57	0.57	0.62	0.38	0.12	0.64	0.75	0.74	0.17	0.67	-0.06	0.62		0.38	-0.15	0.38	0.54	-0.4	0.57
Inventory	0.42	0.37	0.05	0.33	-0.72	0.06	0.4	0.39	0.17	0.4	0.5	0.26	0.54	0.53	0.47	0.11	0.19	0.43	0.19	0.38		0.27	-0.03	0.17	0.21	0.21
Short Term Debt	0.15	0.73	-0.24	0.4	-0.24	-0.03	0.32	0.32	-0.14	0.08	0.2	0.0	0.46	0.16	0.56	0.1	0.09	0.04	0.05	-0.15	0.27		-0.03	-0.03	0.03	-0.26
Intangible Assets	0.46	0.07	0.32	0.73	-0.45	0.25	-0.07	-0.03	0.41	0.8	-0.05	-0.19	0.29	0.21	0.3	0.49	0.66	-0.16	0.85	0.38	-0.03	-0.03		0.33	-0.43	0.54
Non Currrent Assets Other	0.69	-0.26	0.76	0.38	-0.47	-0.21	0.26	0.29	0.48	0.64	0.46	-0.58	0.15	0.5	0.44	0.35	0.82	-0.65	0.72	0.54	0.17	-0.03	0.33		-0.39	0.8
Other Liab	-0.5	-0.02	-0.4	-0.32	0.23	-0.34	-0.32	-0.34	-0.41	-0.46	0.08	0.26	-0.27	-0.4	-0.37	-0.06	-0.62	0.28	-0.56	-0.4	0.21	0.03	-0.43	-0.39		-0.51
Net Tangible Assets	0.76	-0.31	0.88	0.31	-0.57	-0.03	0.32	0.35	0.69	0.77	0.33	-0.45	0.13	0.66	0.31	0.36	0.79	-0.49	0.79	0.57	0.21	-0.26	0.54	0.8	-0.51

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FLYHT Aerospace Account Relationship Matchups

FLYHT Aerospace fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.7M	13.7M	13.3M	16.5M	13.2M	8.6M
Total Current Liabilities	4.5M	5.7M	3.4M	5.3M	6.9M	4.6M
Total Stockholder Equity	5.6M	2.9M	4.0M	4.9M	1.1M	1.0M
Net Debt	1.8M	3.1M	2.4M	4.9M	5.4M	5.6M
Retained Earnings	(70.0M)	(73.3M)	(79.1M)	(80.1M)	(84.2M)	(80.0M)
Accounts Payable	1.8M	1.1M	990.1K	2.2M	2.6M	1.7M
Cash	4.1M	5.1M	4.5M	2.6M	1.5M	2.9M
Cash And Short Term Investments	4.1M	5.1M	4.5M	2.6M	2.0M	2.9M
Net Receivables	5.2M	1.8M	1.7M	5.2M	3.2M	1.7M
Common Stock Shares Outstanding	21.9M	26.7M	31.4M	38.2M	38.9M	40.8M
Liabilities And Stockholders Equity	14.7M	13.7M	13.3M	16.5M	13.2M	8.6M
Other Current Assets	797.8K	544.1K	377.7K	349.1K	263.8K	385.8K
Other Stockholder Equity	12.1M	12.2M	12.4M	12.5M	12.5M	18.1M
Total Liab	9.2M	10.9M	9.3M	11.6M	12.1M	7.6M
Total Current Assets	11.8M	9.0M	8.3M	9.6M	6.7M	6.4M
Short Long Term Debt Total	6.0M	8.2M	7.0M	7.6M	6.9M	3.9M
Other Current Liab	534.6K	1.0M	713.3K	585.0K	1.5M	1.6M
Property Plant And Equipment Net	1.3M	3.0M	2.8M	2.8M	2.4M	2.5M
Current Deferred Revenue	819.4K	492.7K	609.6K	1.3M	1.1M	1.3M
Non Current Assets Total	2.9M	4.7M	4.9M	6.9M	6.5M	6.8M
Non Current Liabilities Total	4.6M	5.2M	5.9M	6.3M	5.2M	3.2M
Inventory	1.7M	1.6M	1.7M	1.4M	1.2M	1.5M
Short Term Debt	1.3M	3.1M	1.0M	1.3M	1.7M	1.1M
Non Currrent Assets Other	1.5M	1.7M	1.8M	1.3M	1.5M	1.3M
Other Liab	30.2K	24.1K	13.9K	11.1K	10.0K	9.5K
Net Tangible Assets	(61.4K)	5.5M	2.8M	3.7M	4.3M	4.5M
Other Assets	1.5M	1.7M	1.8M	1.0	1.15	1.09
Long Term Debt	4.2M	3.0M	3.8M	4.0M	3.3M	3.3M
Short Long Term Debt	718.0K	2.4M	664.5K	828.3K	1.2M	1.3M
Common Stock	63.5M	64.0M	70.8M	72.4M	72.6M	67.3M
Property Plant Equipment	1.3M	3.0M	2.8M	2.8M	3.3M	3.4M
Accumulated Other Comprehensive Income	(32.2K)	(51K)	(51.7K)	147.8K	148.1K	222.9K
Net Invested Capital	10.5M	8.3M	8.4M	9.8M	5.6M	7.9M
Net Working Capital	7.3M	3.3M	5.0M	4.3M	(184.6K)	(175.3K)
Capital Stock	63.5M	64.0M	70.8M	72.4M	72.6M	73.7M

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