Spirit Change To Inventory vs Free Cash Flow Analysis

SPR Stock

USD 32.58 0.49 1.53%

Spirit Aerosystems financial indicator trend analysis is much more than just breaking down Spirit Aerosystems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Aerosystems is a good investment. Please check the relationship between Spirit Aerosystems Change To Inventory and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Aerosystems Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Aerosystems Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have very week relationship.

The correlation between Spirit Aerosystems' Change To Inventory and Free Cash Flow is 0.22. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Spirit Aerosystems Holdings, assuming nothing else is changed. The correlation between historical values of Spirit Aerosystems' Change To Inventory and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Spirit Aerosystems Holdings are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Spirit Aerosystems' Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Spirit Aerosystems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirit Aerosystems 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 Spirit Aerosystems Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At this time, Spirit Aerosystems' Tax Provision is relatively stable compared to the past year. As of 12/11/2024, Issuance Of Capital Stock is likely to grow to about 231.7 M, while Selling General Administrative is likely to drop slightly above 238.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	242.6M	244.1M	318.7M	334.6M
Depreciation And Amortization	327.6M	337.1M	315.6M	209.1M

Interest Expense Depreciation And Amortization

Spirit Aerosystems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Total Assets		0.73	0.72	0.85	-0.14	0.83	0.95	0.12	0.48	0.57	0.66	0.77	0.94	0.57	0.81	0.72	0.77	0.86	-0.41	-0.41	0.86	0.14	-0.09	-0.64	0.9	0.45
Short Long Term Debt Total	0.73		0.59	0.69	-0.76	0.6	0.62	-0.09	0.9	0.1	0.53	0.57	0.77	0.44	0.45	1.0	0.57	0.73	-0.75	-0.79	0.89	-0.19	-0.27	-0.81	0.88	0.73
Other Current Liab	0.72	0.59		0.89	-0.32	0.5	0.81	0.04	0.57	0.27	0.58	0.3	0.83	0.45	0.57	0.6	0.3	0.73	-0.46	-0.35	0.68	0.08	-0.02	-0.54	0.76	0.47
Total Current Liabilities	0.85	0.69	0.89		-0.3	0.52	0.91	0.21	0.55	0.48	0.82	0.53	0.89	0.43	0.75	0.69	0.53	0.91	-0.58	-0.48	0.76	-0.01	-0.13	-0.71	0.85	0.57
Total Stockholder Equity	-0.14	-0.76	-0.32	-0.3		-0.13	-0.06	0.22	-0.88	0.42	-0.2	-0.05	-0.31	-0.08	0.1	-0.77	-0.05	-0.33	0.7	0.73	-0.53	0.4	0.3	0.57	-0.5	-0.62
Other Liab	0.83	0.6	0.5	0.52	-0.13		0.72	-0.07	0.41	0.28	0.24	0.6	0.76	0.46	0.59	0.58	0.6	0.6	-0.16	-0.22	0.77	0.23	-0.05	-0.38	0.74	0.32
Property Plant And Equipment Net	0.95	0.62	0.81	0.91	-0.06	0.72		0.21	0.42	0.66	0.69	0.64	0.94	0.56	0.88	0.62	0.64	0.88	-0.42	-0.38	0.75	0.11	-0.07	-0.65	0.82	0.41
Current Deferred Revenue	0.12	-0.09	0.04	0.21	0.22	-0.07	0.21		-0.28	0.55	-0.01	0.35	0.21	0.38	0.46	-0.09	0.35	0.21	-0.16	-0.18	-0.02	-0.41	-0.42	-0.28	0.04	-0.2
Net Debt	0.48	0.9	0.57	0.55	-0.88	0.41	0.42	-0.28		-0.22	0.43	0.17	0.59	0.14	0.16	0.91	0.17	0.52	-0.67	-0.66	0.73	-0.07	-0.23	-0.63	0.72	0.77
Retained Earnings	0.57	0.1	0.27	0.48	0.42	0.28	0.66	0.55	-0.22		0.39	0.65	0.53	0.56	0.82	0.08	0.65	0.59	-0.28	-0.26	0.26	-0.16	-0.14	-0.5	0.33	-0.11
Accounts Payable	0.66	0.53	0.58	0.82	-0.2	0.24	0.69	-0.01	0.43	0.39		0.41	0.6	0.09	0.57	0.54	0.41	0.75	-0.42	-0.32	0.56	0.1	0.05	-0.53	0.65	0.52
Cash	0.77	0.57	0.3	0.53	-0.05	0.6	0.64	0.35	0.17	0.65	0.41		0.67	0.75	0.73	0.55	1.0	0.7	-0.45	-0.55	0.67	-0.31	-0.19	-0.66	0.67	0.2
Non Current Assets Total	0.94	0.77	0.83	0.89	-0.31	0.76	0.94	0.21	0.59	0.53	0.6	0.67		0.63	0.8	0.77	0.67	0.9	-0.56	-0.56	0.9	-0.04	-0.23	-0.77	0.94	0.43
Non Currrent Assets Other	0.57	0.44	0.45	0.43	-0.08	0.46	0.56	0.38	0.14	0.56	0.09	0.75	0.63		0.64	0.43	0.75	0.51	-0.44	-0.54	0.5	-0.45	-0.26	-0.61	0.5	0.02
Other Assets	0.81	0.45	0.57	0.75	0.1	0.59	0.88	0.46	0.16	0.82	0.57	0.73	0.8	0.64		0.44	0.73	0.8	-0.43	-0.4	0.55	-0.13	-0.17	-0.66	0.63	0.3
Long Term Debt	0.72	1.0	0.6	0.69	-0.77	0.58	0.62	-0.09	0.91	0.08	0.54	0.55	0.77	0.43	0.44		0.55	0.72	-0.75	-0.78	0.88	-0.19	-0.27	-0.81	0.88	0.73
Cash And Short Term Investments	0.77	0.57	0.3	0.53	-0.05	0.6	0.64	0.35	0.17	0.65	0.41	1.0	0.67	0.75	0.73	0.55		0.7	-0.45	-0.55	0.67	-0.31	-0.19	-0.66	0.67	0.2
Net Receivables	0.86	0.73	0.73	0.91	-0.33	0.6	0.88	0.21	0.52	0.59	0.75	0.7	0.9	0.51	0.8	0.72	0.7		-0.68	-0.65	0.83	-0.23	-0.12	-0.84	0.89	0.48
Common Stock Total Equity	-0.41	-0.75	-0.46	-0.58	0.7	-0.16	-0.42	-0.16	-0.67	-0.28	-0.42	-0.45	-0.56	-0.44	-0.43	-0.75	-0.45	-0.68		0.96	-0.58	0.6	0.46	0.92	-0.61	-0.61
Common Stock Shares Outstanding	-0.41	-0.79	-0.35	-0.48	0.73	-0.22	-0.38	-0.18	-0.66	-0.26	-0.32	-0.55	-0.56	-0.54	-0.4	-0.78	-0.55	-0.65	0.96		-0.63	0.69	0.48	0.94	-0.62	-0.49
Non Current Liabilities Total	0.86	0.89	0.68	0.76	-0.53	0.77	0.75	-0.02	0.73	0.26	0.56	0.67	0.9	0.5	0.55	0.88	0.67	0.83	-0.58	-0.63		-0.06	-0.22	-0.74	0.99	0.48
Inventory	0.14	-0.19	0.08	-0.01	0.4	0.23	0.11	-0.41	-0.07	-0.16	0.1	-0.31	-0.04	-0.45	-0.13	-0.19	-0.31	-0.23	0.6	0.69	-0.06		0.28	0.54	-0.05	0.01
Other Current Assets	-0.09	-0.27	-0.02	-0.13	0.3	-0.05	-0.07	-0.42	-0.23	-0.14	0.05	-0.19	-0.23	-0.26	-0.17	-0.27	-0.19	-0.12	0.46	0.48	-0.22	0.28		0.42	-0.21	-0.11
Other Stockholder Equity	-0.64	-0.81	-0.54	-0.71	0.57	-0.38	-0.65	-0.28	-0.63	-0.5	-0.53	-0.66	-0.77	-0.61	-0.66	-0.81	-0.66	-0.84	0.92	0.94	-0.74	0.54	0.42		-0.77	-0.49
Total Liab	0.9	0.88	0.76	0.85	-0.5	0.74	0.82	0.04	0.72	0.33	0.65	0.67	0.94	0.5	0.63	0.88	0.67	0.89	-0.61	-0.62	0.99	-0.05	-0.21	-0.77		0.52
Property Plant And Equipment Gross	0.45	0.73	0.47	0.57	-0.62	0.32	0.41	-0.2	0.77	-0.11	0.52	0.2	0.43	0.02	0.3	0.73	0.2	0.48	-0.61	-0.49	0.48	0.01	-0.11	-0.49	0.52

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Spirit Aerosystems Account Relationship Matchups

Spirit Aerosystems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.6B	8.4B	7.7B	6.7B	7.0B	5.9B
Short Long Term Debt Total	3.1B	3.9B	3.9B	4.0B	4.2B	4.4B
Other Current Liab	469.5M	694.1M	925.5M	866.5M	874.6M	557.4M
Total Current Liabilities	1.8B	1.7B	1.9B	2.0B	2.2B	1.4B
Total Stockholder Equity	1.8B	856.5M	448.3M	(247.5M)	(499.7M)	(474.7M)
Other Liab	1.1B	2.2B	1.6B	1.1B	1.2B	1.2B
Property Plant And Equipment Net	2.3B	2.6B	2.5B	2.3B	2.2B	1.9B
Current Deferred Revenue	176.7M	119.8M	170.6M	132.8M	49.6M	47.1M
Net Debt	732.8M	2.1B	2.4B	3.3B	3.4B	3.5B
Retained Earnings	3.2B	2.3B	1.8B	1.2B	616.3M	585.5M
Accounts Payable	1.1B	558.9M	720.3M	919.8M	1.1B	684.2M
Cash	2.4B	1.9B	1.5B	658.6M	823.5M	757.2M
Non Current Assets Total	3.0B	3.9B	3.9B	3.5B	3.2B	2.6B
Non Currrent Assets Other	524.6M	540.8M	623.3M	359.9M	193.7M	370.0M
Other Assets	619.6M	615M	624.5M	364.6M	419.3M	436.2M
Long Term Debt	2.9B	3.5B	3.7B	3.8B	3.9B	4.1B
Cash And Short Term Investments	2.4B	1.9B	1.5B	658.6M	823.5M	757.2M
Net Receivables	1.1B	1.2B	918.8M	994.4M	1.1B	655.1M
Common Stock Shares Outstanding	104.7M	103.9M	104.2M	104.6M	106.6M	100.1M
Liabilities And Stockholders Equity	7.6B	8.4B	7.7B	6.7B	7.0B	5.9B
Non Current Liabilities Total	4.1B	5.8B	5.4B	5.0B	5.2B	3.1B
Inventory	1.1B	1.4B	1.4B	1.5B	1.8B	1.3B
Other Current Assets	98.7M	21.3M	26M	34.6M	47.3M	55.3M
Other Stockholder Equity	(1.3B)	(1.3B)	(1.3B)	(1.3B)	(1.0B)	(976.2M)
Total Liab	5.8B	7.5B	7.3B	6.9B	7.4B	4.5B
Property Plant And Equipment Gross	2.3B	2.6B	2.4B	2.2B	5.4B	5.7B
Total Current Assets	4.6B	4.5B	3.8B	3.2B	3.8B	3.3B
Accumulated Other Comprehensive Income	(109.2M)	(154.1M)	(23.7M)	(203.9M)	(89.6M)	(94.1M)
Short Term Debt	56.2M	387M	108.1M	112.5M	131.3M	137.9M
Intangible Assets	1.2M	215.2M	212.3M	211.4M	196.2M	206.0M
Property Plant Equipment	2.3B	2.5B	2.5B	2.3B	2.6B	1.8B
Net Tangible Assets	2.4B	1.7B	(387.7M)	266.7M	240.0M	228.0M
Retained Earnings Total Equity	3.2B	2.3B	1.8B	1.2B	1.4B	1.8B
Long Term Debt Total	3.0B	3.5B	3.7B	3.8B	4.4B	4.6B

Pair Trading with Spirit Aerosystems

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spirit Aerosystems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spirit Aerosystems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Spirit Stock

0.79

Boeing Buyout Trend

Pair Corr

Moving against Spirit Stock

0.6	CW	Curtiss Wright	Pair Corr
0.56	EH	Ehang Holdings	Pair Corr
0.53	VSEC	VSE Corporation	Pair Corr
0.48	AZ	A2Z Smart Technologies	Pair Corr
0.42	ESLT	Elbit Systems	Pair Corr

The ability to find closely correlated positions to Spirit Aerosystems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spirit Aerosystems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spirit Aerosystems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spirit Aerosystems Holdings to buy it.

The correlation of Spirit Aerosystems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spirit Aerosystems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spirit Aerosystems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Spirit Aerosystems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Spirit Stock Analysis

When running Spirit Aerosystems' price analysis, check to measure Spirit Aerosystems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Aerosystems is operating at the current time. Most of Spirit Aerosystems' value examination focuses on studying past and present price action to predict the probability of Spirit Aerosystems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Aerosystems' price. Additionally, you may evaluate how the addition of Spirit Aerosystems to your portfolios can decrease your overall portfolio volatility.

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