Sun Net Borrowings vs Net Income 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 Net Borrowings and its Net Income 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.

Net Borrowings vs Net Income

Net Borrowings vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Country Airlines Net Borrowings account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sun Country's Net Borrowings and Net Income is -0.67. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income 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 Net Borrowings and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Sun Country Airlines are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Borrowings i.e., Sun Country's Net Borrowings and Net Income go up and down completely randomly.

Correlation Coefficient

-0.67
Relationship DirectionNegative 
Relationship StrengthWeak

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sun Country Airlines financial statement analysis. It represents the amount of money remaining after all of Sun Country Airlines operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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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