Air Good Will vs Other Current Liab Analysis

AIZ Stock

0.51 0.01 2.00%

Air New financial indicator trend analysis is way more than just evaluating Air New Zealand prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air New Zealand is a good investment. Please check the relationship between Air New Good Will and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air New Zealand. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Good Will vs Other Current Liab

Good Will vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air New Zealand Good Will account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Air New's Good Will and Other Current Liab is -0.68. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Air New Zealand, assuming nothing else is changed. The correlation between historical values of Air New's Good Will and Other Current 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 Good Will of Air New Zealand are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Good Will i.e., Air New's Good Will and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Other Current Liab

Most indicators from Air New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air New Zealand 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 Air New Zealand. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to gain to about 79.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 B in 2024.

	2021	2022	2024 (projected)
Interest Expense	94M	164M	108.4M
Depreciation And Amortization	668M	695M	450.1M

Interest Expense Depreciation And Amortization

Air New fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.82	0.87	0.96	0.14	0.87	0.89	0.67	0.65	-0.02	0.86	-0.05	0.63	-0.05	-0.6	0.6	0.53	0.62	0.31	-0.41	0.63	-0.72	0.98	0.69	0.67	0.59
Short Long Term Debt Total	0.82		0.64	0.71	-0.36	0.92	0.52	0.89	0.36	-0.16	0.89	-0.23	0.19	-0.27	-0.46	0.42	0.28	0.24	0.2	-0.54	0.4	-0.69	0.91	0.67	0.2	0.85
Other Current Liab	0.87	0.64		0.77	0.26	0.74	0.79	0.56	0.35	-0.08	0.7	-0.2	0.7	-0.17	-0.68	0.68	0.39	0.63	0.15	-0.27	0.41	-0.54	0.82	0.43	0.66	0.3
Total Current Liabilities	0.96	0.71	0.77		0.2	0.74	0.95	0.52	0.79	0.1	0.76	0.14	0.68	-0.02	-0.55	0.58	0.65	0.7	0.38	-0.29	0.72	-0.76	0.92	0.76	0.75	0.57
Total Stockholder Equity	0.14	-0.36	0.26	0.2		-0.18	0.38	-0.31	0.38	0.01	-0.17	0.18	0.58	0.61	0.14	-0.08	0.14	0.47	0.04	-0.05	0.23	0.15	-0.08	-0.18	0.64	-0.51
Property Plant And Equipment Net	0.87	0.92	0.74	0.74	-0.18		0.58	0.8	0.42	-0.1	0.98	-0.39	0.21	-0.2	-0.58	0.56	0.28	0.3	0.23	-0.6	0.42	-0.61	0.91	0.6	0.22	0.74
Current Deferred Revenue	0.89	0.52	0.79	0.95	0.38	0.58		0.35	0.75	0.11	0.6	0.21	0.82	0.06	-0.56	0.6	0.63	0.72	0.32	-0.11	0.62	-0.61	0.81	0.59	0.87	0.3
Net Debt	0.67	0.89	0.56	0.52	-0.31	0.8	0.35		0.14	-0.56	0.7	-0.48	0.18	-0.31	-0.36	0.27	-0.04	0.1	-0.2	-0.63	0.18	-0.61	0.75	0.41	0.12	0.75
Accounts Payable	0.65	0.36	0.35	0.79	0.38	0.42	0.75	0.14		0.22	0.52	0.33	0.42	0.39	-0.09	0.19	0.58	0.54	0.42	-0.21	0.66	-0.5	0.57	0.6	0.58	0.37
Cash	-0.02	-0.16	-0.08	0.1	0.01	-0.1	0.11	-0.56	0.22		0.02	0.66	-0.04	0.17	-0.05	0.11	0.7	0.34	0.88	0.33	0.47	-0.02	-0.02	0.44	0.11	-0.09
Non Current Assets Total	0.86	0.89	0.7	0.76	-0.17	0.98	0.6	0.7	0.52	0.02		-0.28	0.16	-0.11	-0.52	0.54	0.35	0.32	0.33	-0.52	0.46	-0.61	0.9	0.64	0.22	0.71
Non Currrent Assets Other	-0.05	-0.23	-0.2	0.14	0.18	-0.39	0.21	-0.48	0.33	0.66	-0.28		0.23	0.34	0.32	-0.27	0.59	0.34	0.63	0.38	0.37	-0.1	-0.09	0.37	0.36	-0.15
Cash And Short Term Investments	0.63	0.19	0.7	0.68	0.58	0.21	0.82	0.18	0.42	-0.04	0.16	0.23		-0.04	-0.49	0.48	0.48	0.73	0.07	0.05	0.47	-0.41	0.5	0.3	0.97	0.0
Net Receivables	-0.05	-0.27	-0.17	-0.02	0.61	-0.2	0.06	-0.31	0.39	0.17	-0.11	0.34	-0.04		0.63	-0.57	0.05	0.08	0.27	-0.18	0.12	0.22	-0.19	-0.09	0.14	-0.38
Good Will	-0.6	-0.46	-0.68	-0.55	0.14	-0.58	-0.56	-0.36	-0.09	-0.05	-0.52	0.32	-0.49	0.63		-0.97	-0.39	-0.41	-0.06	-0.08	-0.32	0.43	-0.63	-0.35	-0.4	-0.32
Common Stock Total Equity	0.6	0.42	0.68	0.58	-0.08	0.56	0.6	0.27	0.19	0.11	0.54	-0.27	0.48	-0.57	-0.97		0.4	0.42	0.08	0.16	0.33	-0.4	0.63	0.33	0.43	0.28
Common Stock Shares Outstanding	0.53	0.28	0.39	0.65	0.14	0.28	0.63	-0.04	0.58	0.7	0.35	0.59	0.48	0.05	-0.39	0.4		0.75	0.74	0.18	0.83	-0.54	0.51	0.79	0.61	0.24
Short Term Investments	0.62	0.24	0.63	0.7	0.47	0.3	0.72	0.1	0.54	0.34	0.32	0.34	0.73	0.08	-0.41	0.42	0.75		0.44	-0.05	0.85	-0.69	0.52	0.66	0.8	0.15
Non Current Liabilities Total	0.31	0.2	0.15	0.38	0.04	0.23	0.32	-0.2	0.42	0.88	0.33	0.63	0.07	0.27	-0.06	0.08	0.74	0.44		-0.08	0.62	-0.25	0.31	0.67	0.23	0.19
Inventory	-0.41	-0.54	-0.27	-0.29	-0.05	-0.6	-0.11	-0.63	-0.21	0.33	-0.52	0.38	0.05	-0.18	-0.08	0.16	0.18	-0.05	-0.08		-0.19	0.3	-0.4	-0.28	0.04	-0.5
Other Current Assets	0.63	0.4	0.41	0.72	0.23	0.42	0.62	0.18	0.66	0.47	0.46	0.37	0.47	0.12	-0.32	0.33	0.83	0.85	0.62	-0.19		-0.72	0.58	0.84	0.62	0.46
Other Stockholder Equity	-0.72	-0.69	-0.54	-0.76	0.15	-0.61	-0.61	-0.61	-0.5	-0.02	-0.61	-0.1	-0.41	0.22	0.43	-0.4	-0.54	-0.69	-0.25	0.3	-0.72		-0.76	-0.86	-0.44	-0.71
Total Liab	0.98	0.91	0.82	0.92	-0.08	0.91	0.81	0.75	0.57	-0.02	0.9	-0.09	0.5	-0.19	-0.63	0.63	0.51	0.52	0.31	-0.4	0.58	-0.76		0.74	0.53	0.71
Property Plant And Equipment Gross	0.69	0.67	0.43	0.76	-0.18	0.6	0.59	0.41	0.6	0.44	0.64	0.37	0.3	-0.09	-0.35	0.33	0.79	0.66	0.67	-0.28	0.84	-0.86	0.74		0.4	0.71
Total Current Assets	0.67	0.2	0.66	0.75	0.64	0.22	0.87	0.12	0.58	0.11	0.22	0.36	0.97	0.14	-0.4	0.43	0.61	0.8	0.23	0.04	0.62	-0.44	0.53	0.4		0.03
Short Term Debt	0.59	0.85	0.3	0.57	-0.51	0.74	0.3	0.75	0.37	-0.09	0.71	-0.15	0.0	-0.38	-0.32	0.28	0.24	0.15	0.19	-0.5	0.46	-0.71	0.71	0.71	0.03

Click cells to compare fundamentals

Air New Account Relationship Matchups

Air New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	6.7B	8.4B	9.2B	8.5B	6.7B
Short Long Term Debt Total	3.7B	3.3B	3.4B	3.3B	2.8B	2.3B
Other Current Liab	402M	427M	232M	461M	431M	342.6M
Total Current Liabilities	2.1B	2.4B	3.2B	3.8B	3.6B	2.3B
Total Stockholder Equity	1.3B	1.1B	1.7B	2.1B	2.0B	1.8B
Property Plant And Equipment Net	5.7B	5.1B	4.8B	4.9B	5.1B	4.0B
Current Deferred Revenue	828M	689M	1.6B	2.1B	1.8B	966.2M
Net Debt	3.6B	3.3B	3.3B	3.2B	1.5B	1.7B
Accounts Payable	322M	524M	497M	780M	849M	430.7M
Cash	130M	44M	73M	103M	1.3B	1.3B
Non Current Assets Total	6.0B	5.4B	5.1B	5.3B	6.1B	4.5B
Non Currrent Assets Other	(6.0B)	(5.4B)	(164M)	(8M)	462M	485.1M
Cash And Short Term Investments	438M	266M	1.8B	2.2B	1.3B	1.2B
Net Receivables	336M	192M	313M	422M	457M	374.2M
Short Term Investments	308M	222M	1.7B	2.1B	2.4B	2.6B
Liabilities And Stockholders Equity	7.5B	6.7B	8.4B	9.2B	8.5B	6.7B
Non Current Liabilities Total	1.3B	1.0B	1.6B	1.5B	2.9B	3.1B
Inventory	106M	92M	98M	119M	131M	113.0M
Other Current Assets	129M	276M	293M	501M	573M	601.7M
Other Stockholder Equity	(122M)	(1.1B)	(1.7B)	(1.3B)	(1.1B)	(1.1B)
Total Liab	6.2B	5.6B	6.7B	7.1B	6.5B	4.9B
Property Plant And Equipment Gross	5.7B	8.5B	8.8B	9.5B	10.2B	10.7B
Total Current Assets	1.0B	826M	2.5B	3.3B	2.4B	2.0B
Accumulated Other Comprehensive Income	(891M)	(1.1B)	(1.7B)	(1.3B)	(1.4B)	(1.3B)
Short Term Debt	525M	908M	590M	545M	488M	395.1M
Retained Earnings	(757M)	(1.0B)	(1.6B)	(1.2B)	(1.1B)	(1.1B)
Other Assets	493M	434M	708M	616M	708.4M	386.6M
Other Liab	935M	835M	724M	490M	563.5M	732.2M
Net Tangible Assets	1.1B	926M	1.5B	1.9B	1.7B	1.3B
Long Term Debt	1.3B	1.0B	1.6B	1.5B	1.2B	1.2B
Long Term Investments	162M	138M	164M	190M	205M	210.8M
Short Long Term Debt	172M	525M	248M	193M	157M	273.2M
Property Plant Equipment	5.7B	5.1B	4.8B	4.9B	5.7B	5.2B
Long Term Debt Total	2.3B	2.3B	3.2B	2.4B	2.8B	2.7B
Capital Lease Obligations	2.2B	1.8B	1.5B	1.7B	1.4B	1.7B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Air Stock Analysis

When running Air New's price analysis, check to measure Air New's 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 Air New is operating at the current time. Most of Air New's value examination focuses on studying past and present price action to predict the probability of Air New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air New's price. Additionally, you may evaluate how the addition of Air New to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC