601021 Stock | | | 53.45 0.39 0.74% |
Spring Airlines financial indicator trend analysis is much more than just breaking down Spring Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spring Airlines is a good investment. Please check the relationship between Spring Airlines Cost Of Revenue and its Ebitda accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Spring Airlines Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Cost Of Revenue vs Ebitda
Cost Of Revenue vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spring Airlines Cost Of Revenue account and
Ebitda. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Spring Airlines' Cost Of Revenue and Ebitda is -0.57. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Ebitda in the same time period over historical financial statements of Spring Airlines Co, assuming nothing else is changed. The correlation between historical values of Spring Airlines' Cost Of Revenue and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Spring Airlines Co are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Cost Of Revenue i.e., Spring Airlines' Cost Of Revenue and Ebitda go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on Spring Airlines income statement and represents the costs associated with goods and services Spring Airlines provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Ebitda
Most indicators from Spring Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spring 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Spring Airlines Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of January 24, 2025,
Selling General Administrative is expected to decline to about 356.4
M. In addition to that,
Tax Provision is expected to decline to about 177.5
MSpring Airlines fundamental ratios Correlations
Click cells to compare fundamentals
Spring Airlines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spring Airlines fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Spring Stock
Balance Sheet is a snapshot of the
financial position of Spring Airlines at a specified time, usually calculated after every quarter, six months, or one year. Spring Airlines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spring Airlines and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Spring currently owns. An asset can also be divided into two categories, current and non-current.