Sun Dividends Paid vs Depreciation Analysis

SNCY Stock  USD 14.94  0.32  2.10%   
Sun Country financial indicator trend analysis is much more than just breaking down Sun Country Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Country Airlines is a good investment. Please check the relationship between Sun Country Dividends Paid and its Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Country Airlines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Dividends Paid vs Depreciation

Dividends Paid vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Country Airlines Dividends Paid account and Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Sun Country's Dividends Paid and Depreciation is -0.82. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Depreciation in the same time period over historical financial statements of Sun Country Airlines, assuming nothing else is changed. The correlation between historical values of Sun Country's Dividends Paid and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Sun Country Airlines are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Dividends Paid i.e., Sun Country's Dividends Paid and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.82
Relationship DirectionNegative 
Relationship StrengthSignificant

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific period.

Depreciation

Depreciation indicates how much of Sun Country Airlines value has been used up. For tax purposes Sun Country can deduct the cost of the tangible assets it purchases as business expenses. However, Sun Country Airlines must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Sun Country's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Country 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Country Airlines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Enterprise Value is likely to rise to about 2.2 B in 2024, whereas Tax Provision is likely to drop slightly above 13.1 M in 2024.
 2021 2022 2023 2024 (projected)
EBIT126.7M54.2M136.8M80.7M
Other Operating Expenses581.4M838.7M922.1M624.8M

Sun Country fundamental ratios Correlations

0.080.350.45-0.020.28-0.550.250.450.780.510.48-0.530.080.530.480.540.46-0.50.260.210.480.440.460.3-0.18
0.080.160.870.820.97-0.780.890.920.520.740.73-0.790.830.850.860.80.87-0.850.640.090.870.390.780.49-0.57
0.350.160.320.150.20.05-0.080.350.32-0.15-0.210.050.470.130.20.010.41-0.490.74-0.720.33-0.47-0.02-0.47-0.11
0.450.870.320.840.91-0.870.820.960.750.750.72-0.870.750.920.950.850.94-0.940.74-0.010.960.340.830.46-0.78
-0.020.820.150.840.74-0.630.760.760.50.550.46-0.620.750.70.810.60.79-0.740.72-0.170.80.030.710.38-0.86
0.280.970.20.910.74-0.850.910.970.640.820.82-0.850.820.910.90.870.89-0.910.640.160.90.50.840.5-0.52
-0.55-0.780.05-0.87-0.63-0.85-0.87-0.86-0.78-0.94-0.951.0-0.48-0.98-0.91-0.99-0.840.78-0.37-0.48-0.89-0.74-0.89-0.810.61
0.250.89-0.080.820.760.91-0.870.890.70.930.87-0.860.750.890.920.870.83-0.810.510.350.850.590.960.67-0.51
0.450.920.350.960.760.97-0.860.890.790.820.78-0.860.840.940.960.880.96-0.980.760.060.960.420.880.47-0.58
0.780.520.320.750.50.64-0.780.70.790.80.69-0.760.540.830.870.790.84-0.820.610.20.840.440.850.54-0.45
0.510.74-0.150.750.550.82-0.940.930.820.80.96-0.920.530.920.890.930.77-0.740.330.570.810.790.960.8-0.41
0.480.73-0.210.720.460.82-0.950.870.780.690.96-0.950.410.910.820.960.71-0.670.20.660.760.890.860.84-0.38
-0.53-0.790.05-0.87-0.62-0.851.0-0.86-0.86-0.76-0.92-0.95-0.47-0.97-0.9-0.99-0.830.77-0.36-0.49-0.89-0.74-0.87-0.810.61
0.080.830.470.750.750.82-0.480.750.840.540.530.41-0.470.630.750.510.79-0.870.89-0.310.750.010.680.06-0.4
0.530.850.130.920.70.91-0.980.890.940.830.920.91-0.970.630.960.990.93-0.880.550.340.960.630.910.73-0.62
0.480.860.20.950.810.9-0.910.920.960.870.890.82-0.90.750.960.910.96-0.930.690.180.970.470.950.62-0.68
0.540.80.010.850.60.87-0.990.870.880.790.930.96-0.990.510.990.910.86-0.80.40.490.90.740.880.81-0.55
0.460.870.410.940.790.89-0.840.830.960.840.770.71-0.830.790.930.960.86-0.960.790.020.990.330.840.51-0.66
-0.5-0.85-0.49-0.94-0.74-0.910.78-0.81-0.98-0.82-0.74-0.670.77-0.87-0.88-0.93-0.8-0.96-0.850.09-0.95-0.28-0.84-0.340.57
0.260.640.740.740.720.64-0.370.510.760.610.330.2-0.360.890.550.690.40.79-0.85-0.560.74-0.250.54-0.09-0.53
0.210.09-0.72-0.01-0.170.16-0.480.350.060.20.570.66-0.49-0.310.340.180.490.020.09-0.560.090.910.350.810.15
0.480.870.330.960.80.9-0.890.850.960.840.810.76-0.890.750.960.970.90.99-0.950.740.090.40.870.57-0.7
0.440.39-0.470.340.030.5-0.740.590.420.440.790.89-0.740.010.630.470.740.33-0.28-0.250.910.40.590.82-0.02
0.460.78-0.020.830.710.84-0.890.960.880.850.960.86-0.870.680.910.950.880.84-0.840.540.350.870.590.68-0.54
0.30.49-0.470.460.380.5-0.810.670.470.540.80.84-0.810.060.730.620.810.51-0.34-0.090.810.570.820.68-0.4
-0.18-0.57-0.11-0.78-0.86-0.520.61-0.51-0.58-0.45-0.41-0.380.61-0.4-0.62-0.68-0.55-0.660.57-0.530.15-0.7-0.02-0.54-0.4
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Sun Country Account Relationship Matchups

Sun Country fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab56.9M141.8M170.8M215.3M173.3M167.4M
Total Current Liabilities353.6M253.7M281.7M377.1M418.6M349.7M
Other Liab50.0M50.9M120.8K106.7M122.8M63.7M
Net Tangible Assets(35.6M)(31.5M)486.8K492.7M566.6M594.9M
Retained Earnings42.2M38.3M594K22.0M94.2M98.9M
Accounts Payable43.9M34.0M39.8M62.4M59.0M49.1M
Other Assets83.8M75.4M427.6K(100K)(90K)(85.5K)
Net Receivables22.4M28.7M30.2M35.1M38.2M30.4M
Inventory5.3M5.4M5.4M7.7M7.8M6.7M
Other Current Assets2.8M25.0M24.3M31.7M38.0M25.5M
Other Stockholder Equity2.4M248.5M485.6M470.9M419.6M297.7M
Total Current Assets112.5M126.7M375.4M345.5M271.4M240.7M
Property Plant Equipment492.2M535.8M573.6K700.4M805.5M422.3M

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