Allegiant Free Cash Flow vs Change In Cash Analysis

ALGT Stock  USD 85.08  2.26  2.59%   
Allegiant Travel financial indicator trend analysis is way more than just evaluating Allegiant Travel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegiant Travel is a good investment. Please check the relationship between Allegiant Travel Free Cash Flow and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.

Free Cash Flow vs Change In Cash

Free Cash Flow vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegiant Travel Free Cash Flow account and Change In Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Allegiant Travel's Free Cash Flow and Change In Cash is 0.61. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Allegiant Travel, assuming nothing else is changed. The correlation between historical values of Allegiant Travel's Free Cash Flow and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Allegiant Travel are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Free Cash Flow i.e., Allegiant Travel's Free Cash Flow and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change In Cash

Most indicators from Allegiant Travel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegiant Travel 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 Allegiant Travel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.At this time, Allegiant Travel's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 7.93 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.1 in 2024.
 2023 2024 (projected)
Extraordinary Items67.3M59.8M
Reconciled Depreciation216.4M185.1M

Allegiant Travel fundamental ratios Correlations

0.950.290.290.20.970.890.70.90.920.880.860.90.550.920.760.680.220.880.720.70.940.670.810.870.89
0.950.020.350.20.890.940.720.930.960.930.910.960.670.960.860.790.440.950.80.730.970.790.840.940.94
0.290.020.10.30.36-0.160.06-0.09-0.09-0.17-0.1-0.06-0.07-0.08-0.13-0.15-0.77-0.17-0.050.0-0.03-0.21-0.14-0.15-0.15
0.290.350.10.30.250.170.210.290.20.140.220.30.40.20.130.360.040.180.510.150.220.350.140.440.17
0.20.20.30.30.15-0.010.230.090.02-0.05-0.220.280.350.030.270.19-0.250.010.080.450.160.160.040.07-0.04
0.970.890.360.250.150.820.520.860.870.810.820.790.440.870.750.560.070.80.60.520.890.520.820.790.8
0.890.94-0.160.17-0.010.820.70.960.991.00.950.940.550.990.80.740.611.00.750.720.980.770.890.951.0
0.70.720.060.210.230.520.70.560.640.660.630.760.780.650.50.880.490.750.770.870.680.90.370.690.75
0.90.93-0.090.290.090.860.960.560.980.960.890.920.420.980.790.620.480.930.710.670.980.640.960.960.93
0.920.96-0.090.20.020.870.990.640.980.990.950.940.51.00.830.680.520.980.740.690.990.70.920.950.98
0.880.93-0.170.14-0.050.811.00.660.960.990.950.920.480.990.780.690.60.990.720.70.970.720.910.940.99
0.860.91-0.10.22-0.220.820.950.630.890.950.950.840.520.950.740.70.540.940.760.540.90.720.820.90.95
0.90.96-0.060.30.280.790.940.760.920.940.920.840.630.940.830.770.530.950.770.840.960.790.830.920.93
0.550.67-0.070.40.350.440.550.780.420.50.480.520.630.50.610.910.390.610.650.580.530.870.250.580.58
0.920.96-0.080.20.030.870.990.650.981.00.990.950.940.50.830.690.510.980.750.70.990.710.920.950.98
0.760.86-0.130.130.270.750.80.50.790.830.780.740.830.610.830.640.330.810.60.530.840.620.760.750.79
0.680.79-0.150.360.190.560.740.880.620.680.690.70.770.910.690.640.60.790.840.690.70.990.460.760.77
0.220.44-0.770.04-0.250.070.610.490.480.520.60.540.530.390.510.330.60.620.520.490.470.680.450.580.61
0.880.95-0.170.180.010.81.00.750.930.980.990.940.950.610.980.810.790.620.770.750.970.810.850.951.0
0.720.8-0.050.510.080.60.750.770.710.740.720.760.770.650.750.60.840.520.770.620.730.860.550.820.77
0.70.730.00.150.450.520.720.870.670.690.70.540.840.580.70.530.690.490.750.620.750.740.530.710.73
0.940.97-0.030.220.160.890.980.680.980.990.970.90.960.530.990.840.70.470.970.730.750.720.920.940.96
0.670.79-0.210.350.160.520.770.90.640.70.720.720.790.870.710.620.990.680.810.860.740.720.480.780.8
0.810.84-0.140.140.040.820.890.370.960.920.910.820.830.250.920.760.460.450.850.550.530.920.480.850.85
0.870.94-0.150.440.070.790.950.690.960.950.940.90.920.580.950.750.760.580.950.820.710.940.780.850.94
0.890.94-0.150.17-0.040.81.00.750.930.980.990.950.930.580.980.790.770.611.00.770.730.960.80.850.94
Click cells to compare fundamentals

Allegiant Travel Account Relationship Matchups

Allegiant Travel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0B685.3M4.0B4.5B4.9B5.1B
Total Stockholder Equity883.6M699.4M1.2B1.2B1.3B1.4B
Other Assets174.2M(2.6B)4.0K251.3M1.01.05
Common Stock Shares Outstanding16.0M16.0M17.2M18.0M18.0M18.0M
Liabilities And Stockholders Equity3.0B685.3M4.0B4.5B4.9B5.1B
Other Stockholder Equity(327.6M)(316.3M)54.0M49.4M59.1M62.1M
Total Liab2.1B(14.1M)2.8B2.1B3.5B3.7B
Short Long Term Debt Total1.4B1.8B1.9B2.2B2.4B2.5B
Other Current Liab161.7M168.0M429.1M618.7M263.3M152.9M
Total Current Liabilities612.6M689.3M663.0M869.8M1.2B1.3B
Property Plant And Equipment Net2.3B2.2B2.4B2.9B3.5B3.7B
Net Debt1.3B1.6B1.5B2.0B2.2B2.3B
Retained Earnings1.2B1.0B1.2B1.2B1.3B1.3B
Accounts Payable27.7M34.2M43.6M58.3M54.5M57.2M
Cash121.9M152.8M365.6M230M143.3M128.3M
Non Current Assets Total2.4B2.3B2.7B3.2B3.9B4.1B
Non Currrent Assets Other174.2M138.2M260.8M93.9M264.5M277.7M
Cash And Short Term Investments457.8M685.3M1.2B955.1M814.7M430.9M
Net Receivables25.5M192.2M62.7M106.6M70.7M40.5M
Non Current Liabilities Total1.5B1.9B2.1B2.4B2.3B2.4B
Inventory28.4M24.0M27.5M35.5M36.3M18.4M
Other Current Assets1.0M42.2M65.4M177.1M79.4M83.3M
Property Plant And Equipment Gross2.2B2.2B3.1B3.7B4.5B4.7B
Total Current Assets562.2M943.6M1.3B1.3B1.0B541.7M
Accumulated Other Comprehensive Income98K(27K)2.1M1.3M4.0M4.2M
Short Term Debt173.3M245.9M168.2M192.8M481.7M505.8M
Current Deferred Revenue250.0M307.5M307.5M379.5M391.9M411.5M
Long Term Debt1.2B1.4B1.6B1.9B1.8B1.9B
Short Term Investments335.9M532.5M817.2M725.1M671.4M705.0M
Treasury Stock(605.0M)(617.6M)(646.0M)(638.1M)(574.3M)(545.5M)
Property Plant Equipment2.2B2.1B2.4B2.9B3.4B3.5B
Net Tangible Assets883.6M699.4M1.2B1.2B1.4B710.1M
Retained Earnings Total Equity1.0B1.2B1.0B1.2B1.3B703.6M
Long Term Debt Total1.1B1.2B1.4B1.6B1.9B932.7M
Capital Surpluse270.9M289.9M329.8M692.1M795.9M835.7M
Deferred Long Term Liab232.5M301.8M146.9M157.4M181.0M121.5M
Long Term Investments15.5M0.02.2M63.3M56.0M37.2M

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Additional Tools for Allegiant Stock Analysis

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