Spring Long Term Debt vs Property Plant Equipment Analysis

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 Long Term Debt and its Property Plant Equipment 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.

Long Term Debt vs Property Plant Equipment

Long Term Debt vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spring Airlines Long Term Debt account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Spring Airlines' Long Term Debt and Property Plant Equipment is 0.97. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant Equipment 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' Long Term Debt and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Spring Airlines Co are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt i.e., Spring Airlines' Long Term Debt and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that Spring Airlines has held for over one year. Long-term debt appears on Spring Airlines Co balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Spring Airlines Co balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Property Plant Equipment

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 M

	2024	2025 (projected)
Minority Interest	1.6M	1.7M
Interest Income	417.8M	223.7M

Minority Interest Interest Income

Spring Airlines fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.09	0.99	0.96	0.84	0.78	0.69	0.87	0.86	0.87	-0.02	0.95	0.17	0.89	0.82	0.91	0.91	0.89	0.4	-0.71	0.85	0.9	0.96	0.93	0.94	-0.76
Other Current Liab	0.09		0.16	0.24	-0.2	0.45	-0.43	0.0	-0.02	-0.16	0.09	0.28	0.25	-0.11	0.04	0.23	-0.02	0.23	0.63	-0.28	0.14	0.32	0.03	0.24	-0.1	0.32
Total Current Liabilities	0.99	0.16		0.94	0.82	0.75	0.67	0.88	0.84	0.84	-0.08	0.94	0.12	0.88	0.84	0.88	0.89	0.88	0.43	-0.72	0.84	0.92	0.96	0.91	0.93	-0.77
Total Stockholder Equity	0.96	0.24	0.94		0.75	0.91	0.57	0.84	0.81	0.8	0.15	0.95	0.31	0.81	0.72	0.95	0.87	0.95	0.45	-0.8	0.88	0.88	0.94	0.97	0.84	-0.6
Other Liab	0.84	-0.2	0.82	0.75		0.54	0.94	0.93	0.69	0.94	-0.23	0.81	0.0	0.97	0.94	0.69	0.96	0.77	0.24	-0.75	0.85	0.82	0.86	0.74	0.94	-0.94
Retained Earnings	0.78	0.45	0.75	0.91	0.54		0.32	0.69	0.69	0.64	0.28	0.85	0.51	0.62	0.53	0.88	0.72	0.86	0.47	-0.78	0.76	0.74	0.74	0.86	0.59	-0.33
Accounts Payable	0.69	-0.43	0.67	0.57	0.94	0.32		0.83	0.61	0.85	-0.31	0.63	-0.16	0.88	0.84	0.47	0.84	0.6	-0.01	-0.6	0.72	0.62	0.74	0.55	0.86	-0.94
Cash	0.87	0.0	0.88	0.84	0.93	0.69	0.83		0.78	0.94	-0.15	0.84	0.16	0.97	0.9	0.78	0.97	0.83	0.24	-0.86	0.88	0.85	0.92	0.78	0.88	-0.87
Other Assets	0.86	-0.02	0.84	0.81	0.69	0.69	0.61	0.78		0.83	0.07	0.72	0.28	0.8	0.63	0.84	0.81	0.66	0.13	-0.51	0.62	0.63	0.79	0.7	0.75	-0.66
Long Term Debt	0.87	-0.16	0.84	0.8	0.94	0.64	0.85	0.94	0.83		-0.05	0.78	0.2	0.98	0.87	0.79	0.97	0.75	0.15	-0.71	0.8	0.77	0.87	0.74	0.87	-0.89
Net Receivables	-0.02	0.09	-0.08	0.15	-0.23	0.28	-0.31	-0.15	0.07	-0.05		-0.06	0.18	-0.15	-0.33	0.21	-0.09	0.13	-0.18	0.0	0.05	-0.1	0.0	0.18	-0.22	0.34
Inventory	0.95	0.28	0.94	0.95	0.81	0.85	0.63	0.84	0.72	0.78	-0.06		0.15	0.82	0.83	0.86	0.87	0.93	0.54	-0.8	0.89	0.94	0.92	0.96	0.9	-0.67
Other Current Assets	0.17	0.25	0.12	0.31	0.0	0.51	-0.16	0.16	0.28	0.2	0.18	0.15		0.1	-0.1	0.43	0.16	0.23	0.23	-0.23	0.12	0.08	0.14	0.2	-0.07	0.19
Total Liab	0.89	-0.11	0.88	0.81	0.97	0.62	0.88	0.97	0.8	0.98	-0.15	0.82	0.1		0.93	0.77	0.99	0.79	0.23	-0.76	0.85	0.84	0.89	0.76	0.92	-0.93
Intangible Assets	0.82	0.04	0.84	0.72	0.94	0.53	0.84	0.9	0.63	0.87	-0.33	0.83	-0.1	0.93		0.65	0.92	0.72	0.33	-0.73	0.81	0.87	0.81	0.71	0.91	-0.91
Common Stock	0.91	0.23	0.88	0.95	0.69	0.88	0.47	0.78	0.84	0.79	0.21	0.86	0.43	0.77	0.65		0.83	0.83	0.38	-0.68	0.76	0.79	0.85	0.87	0.74	-0.55
Property Plant Equipment	0.91	-0.02	0.89	0.87	0.96	0.72	0.84	0.97	0.81	0.97	-0.09	0.87	0.16	0.99	0.92	0.83		0.85	0.31	-0.81	0.89	0.87	0.9	0.82	0.91	-0.87
Net Tangible Assets	0.89	0.23	0.88	0.95	0.77	0.86	0.6	0.83	0.66	0.75	0.13	0.93	0.23	0.79	0.72	0.83	0.85		0.52	-0.89	0.96	0.91	0.91	0.97	0.82	-0.59
Short Term Investments	0.4	0.63	0.43	0.45	0.24	0.47	-0.01	0.24	0.13	0.15	-0.18	0.54	0.23	0.23	0.33	0.38	0.31	0.52		-0.43	0.45	0.64	0.3	0.52	0.34	-0.04
Deferred Long Term Liab	-0.71	-0.28	-0.72	-0.8	-0.75	-0.78	-0.6	-0.86	-0.51	-0.71	0.0	-0.8	-0.23	-0.76	-0.73	-0.68	-0.81	-0.89	-0.43		-0.92	-0.83	-0.79	-0.79	-0.68	0.58
Long Term Investments	0.85	0.14	0.84	0.88	0.85	0.76	0.72	0.88	0.62	0.8	0.05	0.89	0.12	0.85	0.81	0.76	0.89	0.96	0.45	-0.92		0.91	0.89	0.91	0.85	-0.7
Short Long Term Debt	0.9	0.32	0.92	0.88	0.82	0.74	0.62	0.85	0.63	0.77	-0.1	0.94	0.08	0.84	0.87	0.79	0.87	0.91	0.64	-0.83	0.91		0.89	0.91	0.88	-0.7
Total Current Assets	0.96	0.03	0.96	0.94	0.86	0.74	0.74	0.92	0.79	0.87	0.0	0.92	0.14	0.89	0.81	0.85	0.9	0.91	0.3	-0.79	0.89	0.89		0.92	0.92	-0.79
Short Term Debt	0.93	0.24	0.91	0.97	0.74	0.86	0.55	0.78	0.7	0.74	0.18	0.96	0.2	0.76	0.71	0.87	0.82	0.97	0.52	-0.79	0.91	0.91	0.92		0.84	-0.57
Non Current Assets Total	0.94	-0.1	0.93	0.84	0.94	0.59	0.86	0.88	0.75	0.87	-0.22	0.9	-0.07	0.92	0.91	0.74	0.91	0.82	0.34	-0.68	0.85	0.88	0.92	0.84		-0.89
Non Currrent Assets Other	-0.76	0.32	-0.77	-0.6	-0.94	-0.33	-0.94	-0.87	-0.66	-0.89	0.34	-0.67	0.19	-0.93	-0.91	-0.55	-0.87	-0.59	-0.04	0.58	-0.7	-0.7	-0.79	-0.57	-0.89

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Spring Airlines Account Relationship Matchups

Spring Airlines fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	32.4B	38.3B	43.4B	44.2B	50.9B	25.5B
Other Current Liab	3.6B	1.4B	1.2B	496.0M	570.4M	541.9M
Total Current Liabilities	10.9B	9.7B	13.4B	12.8B	14.7B	7.4B
Total Stockholder Equity	14.2B	13.7B	13.7B	15.7B	18.1B	10.0B
Other Liab	1.0B	1.2B	1.4B	2.1B	2.4B	2.6B
Retained Earnings	8.4B	7.9B	4.4B	6.6B	7.6B	5.6B
Accounts Payable	170.3M	666.6M	661.6M	902.4M	1.0B	1.1B
Cash	9.2B	7.3B	10.2B	11.6B	13.3B	14.0B
Other Assets	1.4B	1.3B	1.5B	1.7B	1.9B	1.5B
Long Term Debt	6.0B	9.5B	10.9B	11.1B	12.8B	13.4B
Net Receivables	62.7M	98.5M	105.3M	180.4M	207.4M	197.1M
Inventory	217.8M	213.4M	174.8M	202.1M	232.4M	124.4M
Other Current Assets	412.1M	555.8M	253.5M	272.9M	313.9M	545.0M
Total Liab	18.2B	24.6B	29.7B	28.5B	32.8B	34.4B
Intangible Assets	774.7M	782.0M	765.2M	751.1M	863.7M	906.9M
Common Stock	916.9M	916.7M	916.5M	978.5M	1.1B	755.9M
Property Plant Equipment	14.9B	17.1B	19.2B	26.3B	30.3B	31.8B
Net Tangible Assets	13.3B	15.0B	13.4B	13.0B	14.9B	12.1B
Deferred Long Term Liab	383.0M	332.0M	329.9M	384.8M	346.3M	312.2M
Short Long Term Debt	5.3B	4.2B	5.4B	3.8B	4.4B	3.5B
Total Current Assets	10.3B	8.7B	11.8B	13.0B	14.9B	9.8B
Non Current Assets Total	22.1B	29.6B	31.6B	31.3B	35.9B	24.5B
Non Currrent Assets Other	662.4M	524.5M	251.3M	172.3M	155.0M	147.3M
Non Current Liabilities Total	7.4B	14.9B	16.3B	15.7B	18.0B	11.0B
Non Current Liabilities Other	156.5M	517.9M	537.3M	598.5M	688.2M	369.6M
Net Debt	2.1B	6.4B	6.1B	3.3B	3.8B	3.8B
Common Stock Shares Outstanding	916.9M	916.7M	916.5M	978.5M	1.1B	1.0B
Other Stockholder Equity	68.1M	125.0M	(1.2M)	90.3M	103.8M	62.6M
Net Invested Capital	25.5B	27.5B	30.0B	30.6B	35.2B	27.3B
Net Working Capital	(564.6M)	(960.8M)	(1.6B)	183.8M	165.4M	172.2M
Property Plant And Equipment Net	19.2B	26.3B	28.0B	28.1B	32.4B	26.1B
Property Plant And Equipment Gross	24.1B	32.3B	28.0B	36.5B	42.0B	31.2B

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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.

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Spring Long Term Debt vs Property Plant Equipment Analysis

Long Term Debt vs Property Plant Equipment

Long Term Debt vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Long Term Debt

Property Plant Equipment

Spring Airlines fundamental ratios Correlations

Spring Airlines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spring Airlines fundamental ratios Accounts

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Other Information on Investing in Spring Stock

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Total Current Liabilities	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Liab
Total Liab	+ 0.98	Long Term Debt
Short Term Debt	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.97	Other Liab
Total Liab	+ 0.97	Cash

Non Currrent Assets Other	- 0.94	Accounts Payable
Non Currrent Assets Other	- 0.94	Other Liab
Non Currrent Assets Other	- 0.93	Total Liab
Long Term Investments	- 0.92	Deferred Long Term Liab
Non Currrent Assets Other	- 0.91	Intangible Assets
Non Currrent Assets Other	- 0.89	Non Current Assets Total