Air Other Current Assets vs Short Term Investments Analysis

AIZ Stock

0.56 0.01 1.82%

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 Other Current Assets and its Short Term Investments 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.

Other Current Assets vs Short Term Investments

Other Current Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air New Zealand Other Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Air New's Other Current Assets and Short Term Investments is 0.82. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Term Investments 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 Other Current Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Air New Zealand are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Current Assets i.e., Air New's Other Current Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Short Term Investments

Short Term Investments is an item under the current assets section of Air New balance sheet. It contains any investments Air New Zealand undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Air New Zealand can easily liquidate in the marketplace.

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.

Selling General Administrative is likely to drop to about 1.4 B in 2025. Tax Provision is likely to drop to about 37.7 M in 2025

	2022	2024	2025 (projected)
Interest Expense	164M	213.9M	108.4M
Depreciation And Amortization	695M	823.4M	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	0.86	0.97	0.3	0.88	0.78	0.51	0.75	0.2	0.89	0.1	0.61	0.01	-0.55	0.59	0.61	0.68	0.46	-0.35	0.67	-0.74	0.98	0.71	0.71	0.6
Short Long Term Debt Total	0.82		0.65	0.72	-0.23	0.92	0.46	0.82	0.45	-0.03	0.86	-0.13	0.22	-0.27	-0.46	0.44	0.33	0.3	0.3	-0.52	0.42	-0.69	0.9	0.64	0.26	0.85
Other Current Liab	0.86	0.65		0.79	0.37	0.75	0.76	0.45	0.46	0.14	0.72	-0.02	0.7	-0.13	-0.64	0.65	0.52	0.74	0.33	-0.26	0.53	-0.64	0.82	0.54	0.7	0.33
Total Current Liabilities	0.97	0.72	0.79		0.36	0.78	0.83	0.36	0.86	0.31	0.83	0.27	0.65	0.09	-0.5	0.55	0.7	0.74	0.53	-0.23	0.73	-0.77	0.93	0.77	0.78	0.58
Total Stockholder Equity	0.3	-0.23	0.37	0.36		-0.01	0.42	-0.34	0.47	0.18	0.08	0.27	0.59	0.63	0.11	-0.01	0.28	0.55	0.19	-0.04	0.32	-0.02	0.09	0.02	0.69	-0.38
Property Plant And Equipment Net	0.88	0.92	0.75	0.78	-0.01		0.53	0.67	0.55	0.08	0.96	-0.23	0.25	-0.19	-0.56	0.58	0.38	0.39	0.36	-0.55	0.49	-0.65	0.93	0.62	0.32	0.74
Current Deferred Revenue	0.78	0.46	0.76	0.83	0.42	0.53		0.11	0.66	0.53	0.57	0.46	0.7	0.15	-0.51	0.5	0.89	0.91	0.67	-0.09	0.88	-0.71	0.72	0.83	0.81	0.31
Net Debt	0.51	0.82	0.45	0.36	-0.34	0.67	0.11		0.09	-0.57	0.5	-0.5	0.16	-0.4	-0.35	0.28	-0.13	0.06	-0.23	-0.63	0.01	-0.54	0.61	0.25	0.06	0.69
Accounts Payable	0.75	0.45	0.46	0.86	0.47	0.55	0.66	0.09		0.37	0.66	0.38	0.46	0.42	-0.17	0.23	0.63	0.59	0.54	-0.17	0.65	-0.59	0.68	0.64	0.66	0.43
Cash	0.2	-0.03	0.14	0.31	0.18	0.08	0.53	-0.57	0.37		0.26	0.7	0.02	0.28	-0.07	0.11	0.77	0.39	0.89	0.32	0.66	-0.09	0.17	0.57	0.24	0.01
Non Current Assets Total	0.89	0.86	0.72	0.83	0.08	0.96	0.57	0.5	0.66	0.26		-0.06	0.21	-0.06	-0.47	0.52	0.49	0.44	0.49	-0.43	0.57	-0.63	0.92	0.68	0.36	0.69
Non Currrent Assets Other	0.1	-0.13	-0.02	0.27	0.27	-0.23	0.46	-0.5	0.38	0.7	-0.06		0.26	0.5	0.28	-0.25	0.63	0.39	0.67	0.37	0.48	-0.13	0.05	0.46	0.42	-0.06
Cash And Short Term Investments	0.61	0.22	0.7	0.65	0.59	0.25	0.7	0.16	0.46	0.02	0.21	0.26		0.03	-0.49	0.5	0.46	0.75	0.12	0.06	0.44	-0.47	0.51	0.31	0.95	0.02
Net Receivables	0.01	-0.27	-0.13	0.09	0.63	-0.19	0.15	-0.4	0.42	0.28	-0.06	0.5	0.03		0.65	-0.62	0.17	0.15	0.37	-0.13	0.19	0.14	-0.13	0.04	0.23	-0.3
Good Will	-0.55	-0.46	-0.64	-0.5	0.11	-0.56	-0.51	-0.35	-0.17	-0.07	-0.47	0.28	-0.49	0.65		-0.97	-0.35	-0.41	-0.08	-0.08	-0.36	0.44	-0.6	-0.33	-0.4	-0.3
Common Stock Total Equity	0.59	0.44	0.65	0.55	-0.01	0.58	0.5	0.28	0.23	0.11	0.52	-0.25	0.5	-0.62	-0.97		0.37	0.42	0.08	0.13	0.37	-0.41	0.62	0.32	0.44	0.28
Common Stock Shares Outstanding	0.61	0.33	0.52	0.7	0.28	0.38	0.89	-0.13	0.63	0.77	0.49	0.63	0.46	0.17	-0.35	0.37		0.78	0.79	0.16	0.92	-0.55	0.57	0.86	0.64	0.29
Short Term Investments	0.68	0.3	0.74	0.74	0.55	0.39	0.91	0.06	0.59	0.39	0.44	0.39	0.75	0.15	-0.41	0.42	0.78		0.47	-0.05	0.82	-0.74	0.59	0.71	0.83	0.21
Non Current Liabilities Total	0.46	0.3	0.33	0.53	0.19	0.36	0.67	-0.23	0.54	0.89	0.49	0.67	0.12	0.37	-0.08	0.08	0.79	0.47		-0.07	0.74	-0.3	0.44	0.74	0.34	0.27
Inventory	-0.35	-0.52	-0.26	-0.23	-0.04	-0.55	-0.09	-0.63	-0.17	0.32	-0.43	0.37	0.06	-0.13	-0.08	0.13	0.16	-0.05	-0.07		-0.08	0.34	-0.35	-0.22	0.05	-0.49
Other Current Assets	0.67	0.42	0.53	0.73	0.32	0.49	0.88	0.01	0.65	0.66	0.57	0.48	0.44	0.19	-0.36	0.37	0.92	0.82	0.74	-0.08		-0.64	0.63	0.88	0.63	0.43
Other Stockholder Equity	-0.74	-0.69	-0.64	-0.77	-0.02	-0.65	-0.71	-0.54	-0.59	-0.09	-0.63	-0.13	-0.47	0.14	0.44	-0.41	-0.55	-0.74	-0.3	0.34	-0.64		-0.77	-0.81	-0.52	-0.7
Total Liab	0.98	0.9	0.82	0.93	0.09	0.93	0.72	0.61	0.68	0.17	0.92	0.05	0.51	-0.13	-0.6	0.62	0.57	0.59	0.44	-0.35	0.63	-0.77		0.74	0.59	0.71
Property Plant And Equipment Gross	0.71	0.64	0.54	0.77	0.02	0.62	0.83	0.25	0.64	0.57	0.68	0.46	0.31	0.04	-0.33	0.32	0.86	0.71	0.74	-0.22	0.88	-0.81	0.74		0.47	0.68
Total Current Assets	0.71	0.26	0.7	0.78	0.69	0.32	0.81	0.06	0.66	0.24	0.36	0.42	0.95	0.23	-0.4	0.44	0.64	0.83	0.34	0.05	0.63	-0.52	0.59	0.47		0.08
Short Term Debt	0.6	0.85	0.33	0.58	-0.38	0.74	0.31	0.69	0.43	0.01	0.69	-0.06	0.02	-0.3	-0.3	0.28	0.29	0.21	0.27	-0.49	0.43	-0.7	0.71	0.68	0.08

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Air New Account Relationship Matchups

Air New fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	6.7B	8.4B	9.2B	8.5B	9.8B	6.7B
Short Long Term Debt Total	3.3B	3.4B	3.3B	2.8B	3.2B	2.3B
Total Current Liabilities	2.4B	3.2B	3.8B	3.6B	4.1B	2.3B
Total Stockholder Equity	1.1B	1.7B	2.1B	2.0B	2.3B	1.8B
Property Plant And Equipment Net	5.1B	4.8B	4.9B	5.1B	5.9B	4.0B
Current Deferred Revenue	689M	1.6B	2.1B	1.8B	2.1B	2.2B
Net Debt	3.3B	3.3B	3.2B	1.5B	1.8B	1.7B
Accounts Payable	524M	497M	780M	849M	764.1M	423.0M
Cash	44M	73M	103M	1.3B	1.2B	1.2B
Non Current Assets Total	5.4B	5.1B	5.3B	6.1B	7.0B	4.5B
Non Currrent Assets Other	(5.4B)	(164M)	(8M)	462M	415.8M	436.6M
Cash And Short Term Investments	266M	1.8B	2.2B	1.3B	1.5B	1.2B
Net Receivables	192M	313M	422M	457M	411.3M	363.2M
Short Term Investments	308M	222M	1.7B	2.1B	2.4B	2.6B
Liabilities And Stockholders Equity	6.7B	8.4B	9.2B	8.5B	9.8B	6.7B
Non Current Liabilities Total	1.0B	1.6B	1.5B	2.9B	2.6B	2.8B
Inventory	92M	98M	119M	131M	117.9M	113.0M
Other Current Assets	276M	293M	501M	573M	659.0M	691.9M
Other Stockholder Equity	12M	(1.1B)	(1.7B)	(1.3B)	(1.1B)	(1.1B)
Total Liab	5.6B	6.7B	7.1B	6.5B	7.5B	4.9B
Property Plant And Equipment Gross	8.5B	8.8B	9.5B	10.2B	11.7B	12.3B
Total Current Assets	826M	2.5B	3.3B	2.4B	2.8B	2.0B
Accumulated Other Comprehensive Income	(1.1B)	(1.7B)	(1.3B)	(1.4B)	(1.2B)	(1.2B)
Short Term Debt	908M	590M	545M	488M	561.2M	406.9M
Intangible Assets	169M	174M	172M	188M	216.2M	127.9M
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	1.0B	1.6B	1.5B	1.2B	1.4B	1.2B
Long Term Investments	138M	164M	190M	205M	184.5M	210.8M
Short Long Term Debt	525M	248M	193M	157M	141.3M	273.2M
Property Plant Equipment	5.7B	5.1B	4.8B	4.9B	5.7B	5.2B
Capital Lease Obligations	1.8B	1.5B	1.7B	1.4B	1.6B	1.7B

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