Spirit Net Debt vs Total Liab Analysis

FLYY Stock

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Spirit Aviation financial indicator trend analysis is much more than just breaking down Spirit Aviation Holdings, prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Aviation Holdings, is a good investment. Please check the relationship between Spirit Aviation Net Debt and its Total Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Spirit Aviation 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 private.

Net Debt vs Total Liab

Net Debt vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Aviation Holdings, Net Debt account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Spirit Aviation's Net Debt and Total Liab is -0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Spirit Aviation Holdings,, assuming nothing else is changed. The correlation between historical values of Spirit Aviation's Net Debt and Total Liab 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 Debt of Spirit Aviation Holdings, are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Debt i.e., Spirit Aviation's Net Debt and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Most indicators from Spirit Aviation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirit Aviation Holdings, 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 Spirit Aviation 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 private.

Tax Provision is likely to drop to about (63.2 M) in 2025. Selling General Administrative is likely to drop to about 192 M in 2025

	2022	2023	2024	2025 (projected)
Interest Expense	100.8M	122.5M	186.6M	146.0M
Interest Income	20.2M	65.4M	48.3M	38.3M

Interest Expense Interest Income

Spirit Aviation fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Other Current Assets
Total Assets		0.64	0.97	-0.96	0.97	-0.14	-0.96	-0.12	-0.9	0.97	-0.88	-0.69	0.91	0.78	0.95	0.93	0.9	0.94	-0.84	0.97	0.91	0.36	-0.84	0.9	-0.77	0.83
Other Current Liab	0.64		0.66	-0.55	0.78	0.41	-0.55	-0.29	-0.83	0.81	-0.92	-0.21	0.71	0.35	0.58	0.6	0.65	0.61	-0.44	0.78	0.49	-0.47	-0.3	0.72	-0.96	0.43
Total Current Liabilities	0.97	0.66		-0.94	0.96	-0.07	-0.94	-0.05	-0.89	0.94	-0.89	-0.66	0.95	0.6	0.88	0.97	0.96	0.98	-0.85	0.96	0.97	0.32	-0.71	0.96	-0.81	0.83
Total Stockholder Equity	-0.96	-0.55	-0.94		-0.9	0.37	1.0	0.31	0.91	-0.89	0.79	0.86	-0.8	-0.72	-0.98	-0.97	-0.95	-0.97	0.95	-0.88	-0.93	-0.48	0.88	-0.81	0.66	-0.95
Property Plant And Equipment Net	0.97	0.78	0.96	-0.9		0.06	-0.9	-0.09	-0.92	1.0	-0.96	-0.55	0.95	0.7	0.89	0.9	0.89	0.91	-0.76	1.0	0.87	0.14	-0.72	0.95	-0.9	0.74
Net Debt	-0.14	0.41	-0.07	0.37	0.06		0.37	0.53	0.11	0.06	-0.24	0.77	0.22	-0.3	-0.39	-0.27	-0.22	-0.24	0.53	0.1	-0.21	-0.78	0.56	0.21	-0.4	-0.57
Retained Earnings	-0.96	-0.55	-0.94	1.0	-0.9	0.37		0.31	0.91	-0.89	0.79	0.86	-0.8	-0.71	-0.98	-0.98	-0.95	-0.98	0.96	-0.88	-0.93	-0.47	0.87	-0.81	0.67	-0.96
Accounts Payable	-0.12	-0.29	-0.05	0.31	-0.09	0.53	0.31		0.45	-0.14	0.15	0.59	0.18	-0.21	-0.41	-0.25	-0.27	-0.21	0.44	-0.05	-0.02	0.05	0.37	0.15	0.1	-0.48
Cash	-0.9	-0.83	-0.89	0.91	-0.92	0.11	0.91	0.45		-0.94	0.93	0.71	-0.8	-0.62	-0.92	-0.91	-0.92	-0.91	0.85	-0.91	-0.81	-0.08	0.72	-0.81	0.86	-0.85
Non Current Assets Total	0.97	0.81	0.94	-0.89	1.0	0.06	-0.89	-0.14	-0.94		-0.97	-0.56	0.93	0.72	0.89	0.88	0.87	0.9	-0.75	0.99	0.84	0.11	-0.73	0.92	-0.9	0.74
Non Currrent Assets Other	-0.88	-0.92	-0.89	0.79	-0.96	-0.24	0.79	0.15	0.93	-0.97		0.42	-0.91	-0.55	-0.79	-0.82	-0.84	-0.84	0.66	-0.96	-0.77	0.12	0.55	-0.92	0.98	-0.64
Long Term Debt	-0.69	-0.21	-0.66	0.86	-0.55	0.77	0.86	0.59	0.71	-0.56	0.42		-0.4	-0.56	-0.85	-0.81	-0.78	-0.79	0.94	-0.53	-0.73	-0.65	0.83	-0.42	0.27	-0.96
Net Receivables	0.91	0.71	0.95	-0.8	0.95	0.22	-0.8	0.18	-0.8	0.93	-0.91	-0.4		0.54	0.74	0.84	0.84	0.87	-0.65	0.96	0.88	0.13	-0.55	1.0	-0.88	0.62
Common Stock Shares Outstanding	0.78	0.35	0.6	-0.72	0.7	-0.3	-0.71	-0.21	-0.62	0.72	-0.55	-0.56	0.54		0.81	0.56	0.48	0.57	-0.54	0.69	0.51	0.41	-0.92	0.49	-0.42	0.58
Short Term Investments	0.95	0.58	0.88	-0.98	0.89	-0.39	-0.98	-0.41	-0.92	0.89	-0.79	-0.85	0.74	0.81		0.92	0.89	0.92	-0.91	0.87	0.84	0.42	-0.93	0.74	-0.66	0.93
Non Current Liabilities Total	0.93	0.6	0.97	-0.97	0.9	-0.27	-0.98	-0.25	-0.91	0.88	-0.82	-0.81	0.84	0.56	0.92		0.99	1.0	-0.96	0.89	0.97	0.4	-0.75	0.87	-0.72	0.94
Capital Lease Obligations	0.9	0.65	0.96	-0.95	0.89	-0.22	-0.95	-0.27	-0.92	0.87	-0.84	-0.78	0.84	0.48	0.89	0.99		0.99	-0.94	0.88	0.96	0.32	-0.69	0.87	-0.75	0.92
Total Liab	0.94	0.61	0.98	-0.97	0.91	-0.24	-0.98	-0.21	-0.91	0.9	-0.84	-0.79	0.87	0.57	0.92	1.0	0.99		-0.94	0.9	0.98	0.39	-0.75	0.89	-0.74	0.93
Net Invested Capital	-0.84	-0.44	-0.85	0.95	-0.76	0.53	0.96	0.44	0.85	-0.75	0.66	0.94	-0.65	-0.54	-0.91	-0.96	-0.94	-0.94		-0.73	-0.89	-0.52	0.8	-0.68	0.53	-1.0
Property Plant And Equipment Gross	0.97	0.78	0.96	-0.88	1.0	0.1	-0.88	-0.05	-0.91	0.99	-0.96	-0.53	0.96	0.69	0.87	0.89	0.88	0.9	-0.73		0.87	0.13	-0.7	0.96	-0.9	0.72
Short Long Term Debt	0.91	0.49	0.97	-0.93	0.87	-0.21	-0.93	-0.02	-0.81	0.84	-0.77	-0.73	0.88	0.51	0.84	0.97	0.96	0.98	-0.89	0.87		0.47	-0.69	0.9	-0.67	0.87
Total Current Assets	0.36	-0.47	0.32	-0.48	0.14	-0.78	-0.47	0.05	-0.08	0.11	0.12	-0.65	0.13	0.41	0.42	0.4	0.32	0.39	-0.52	0.13	0.47		-0.61	0.13	0.29	0.54
Capital Stock	-0.84	-0.3	-0.71	0.88	-0.72	0.56	0.87	0.37	0.72	-0.73	0.55	0.83	-0.55	-0.92	-0.93	-0.75	-0.69	-0.75	0.8	-0.7	-0.69	-0.61		-0.53	0.39	-0.83
Non Current Liabilities Other	0.9	0.72	0.96	-0.81	0.95	0.21	-0.81	0.15	-0.81	0.92	-0.92	-0.42	1.0	0.49	0.74	0.87	0.87	0.89	-0.68	0.96	0.9	0.13	-0.53		-0.88	0.65
Net Working Capital	-0.77	-0.96	-0.81	0.66	-0.9	-0.4	0.67	0.1	0.86	-0.9	0.98	0.27	-0.88	-0.42	-0.66	-0.72	-0.75	-0.74	0.53	-0.9	-0.67	0.29	0.39	-0.88		-0.51
Other Current Assets	0.83	0.43	0.83	-0.95	0.74	-0.57	-0.96	-0.48	-0.85	0.74	-0.64	-0.96	0.62	0.58	0.93	0.94	0.92	0.93	-1.0	0.72	0.87	0.54	-0.83	0.65	-0.51

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Spirit Aviation Account Relationship Matchups

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Spirit Net Debt vs Total Liab Analysis

Net Debt vs Total Liab

Net Debt vs Total Liab Correlation Analysis

Correlation Coefficient

Net Debt

Total Liab

Spirit Aviation fundamental ratios Correlations

Spirit Aviation Account Relationship Matchups

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Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Other	+ 1.0	Net Receivables
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total

Other Current Assets	- 1.0	Net Invested Capital
Total Liab	- 0.98	Retained Earnings
Non Current Liabilities Total	- 0.98	Retained Earnings
Short Term Investments	- 0.98	Retained Earnings
Short Term Investments	- 0.98	Total Stockholder Equity
Non Currrent Assets Other	- 0.97	Non Current Assets Total