Air Total Stockholder Equity vs Other Current Assets Analysis

ATSG Stock

USD 21.98 0.02 0.09%

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

Total Stockholder Equity vs Other Current Assets

Total Stockholder Equity vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Transport Services Total Stockholder Equity account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Air Transport's Total Stockholder Equity and Other Current Assets is 0.67. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Air Transport Services, assuming nothing else is changed. The correlation between historical values of Air Transport's Total Stockholder Equity and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Air Transport Services are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Stockholder Equity i.e., Air Transport's Total Stockholder Equity and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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.

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

The current Selling General Administrative is estimated to decrease to about 9.3 M. The current Discontinued Operations is estimated to decrease to about 1.6 M

	2020	2021	2023	2024 (projected)
Gross Profit	373.9M	485.8M	199.8M	189.8M
Total Revenue	1.7B	2.0B	2.1B	1.3B

Gross Profit Total Revenue

Air Transport fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Inventory	Other Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.96	0.99	0.3	0.03	0.66	0.74	0.98	0.86	0.36	0.89	0.3	0.9	0.98	0.55	0.97	0.8	0.72	0.39	0.98	0.98	0.98	1.0	0.57	0.94	0.57
Total Stockholder Equity	0.96		0.96	0.34	-0.02	0.68	0.83	0.88	0.82	0.25	0.84	0.11	0.9	0.95	0.48	0.89	0.77	0.67	0.49	0.94	0.9	0.9	0.95	0.5	0.93	0.65
Property Plant And Equipment Net	0.99	0.96		0.25	0.07	0.65	0.7	0.97	0.91	0.31	0.87	0.29	0.94	0.99	0.49	0.95	0.78	0.69	0.35	0.99	0.96	0.96	0.99	0.52	0.92	0.6
Non Currrent Assets Other	0.3	0.34	0.25		-0.88	0.3	0.55	0.27	0.17	-0.27	0.28	-0.35	-0.05	0.27	0.59	0.42	-0.05	0.09	0.92	0.19	0.41	0.39	0.28	0.59	0.45	0.35
Other Assets	0.03	-0.02	0.07	-0.88		-0.19	-0.23	0.07	0.02	0.53	0.08	0.63	0.3	0.06	-0.32	-0.08	0.41	0.33	-0.85	0.11	-0.07	-0.07	0.06	-0.32	-0.12	-0.38
Common Stock Shares Outstanding	0.66	0.68	0.65	0.3	-0.19		0.61	0.62	0.52	-0.08	0.6	0.02	0.64	0.62	0.12	0.62	0.59	0.48	0.43	0.66	0.64	0.66	0.65	0.13	0.76	0.74
Other Stockholder Equity	0.74	0.83	0.7	0.55	-0.23	0.61		0.65	0.43	0.26	0.79	-0.02	0.58	0.68	0.54	0.71	0.69	0.68	0.67	0.63	0.72	0.71	0.72	0.53	0.79	0.56
Total Liab	0.98	0.88	0.97	0.27	0.07	0.62	0.65		0.85	0.42	0.88	0.42	0.86	0.96	0.57	0.98	0.79	0.73	0.3	0.96	0.99	0.99	0.98	0.6	0.9	0.48
Property Plant And Equipment Gross	0.86	0.82	0.91	0.17	0.02	0.52	0.43	0.85		0.05	0.69	0.19	0.86	0.91	0.41	0.83	0.53	0.41	0.25	0.93	0.84	0.84	0.87	0.45	0.75	0.65
Other Current Liab	0.36	0.25	0.31	-0.27	0.53	-0.08	0.26	0.42	0.05		0.43	0.62	0.31	0.29	0.21	0.34	0.61	0.66	-0.29	0.27	0.36	0.35	0.37	0.2	0.21	-0.31
Total Current Liabilities	0.89	0.84	0.87	0.28	0.08	0.6	0.79	0.88	0.69	0.43		0.45	0.78	0.87	0.6	0.87	0.89	0.85	0.31	0.84	0.88	0.87	0.89	0.6	0.85	0.53
Other Liab	0.3	0.11	0.29	-0.35	0.63	0.02	-0.02	0.42	0.19	0.62	0.45		0.29	0.31	0.03	0.31	0.54	0.66	-0.55	0.31	0.3	0.31	0.33	0.03	0.19	-0.3
Retained Earnings	0.9	0.9	0.94	-0.05	0.3	0.64	0.58	0.86	0.86	0.31	0.78	0.29		0.92	0.26	0.79	0.82	0.63	0.13	0.95	0.81	0.82	0.91	0.28	0.83	0.59
Accounts Payable	0.98	0.95	0.99	0.27	0.06	0.62	0.68	0.96	0.91	0.29	0.87	0.31	0.92		0.52	0.94	0.77	0.68	0.35	0.99	0.95	0.95	0.98	0.55	0.93	0.58
Cash	0.55	0.48	0.49	0.59	-0.32	0.12	0.54	0.57	0.41	0.21	0.6	0.03	0.26	0.52		0.68	0.34	0.3	0.52	0.45	0.65	0.61	0.54	1.0	0.54	0.23
Long Term Debt	0.97	0.89	0.95	0.42	-0.08	0.62	0.71	0.98	0.83	0.34	0.87	0.31	0.79	0.94	0.68		0.72	0.68	0.44	0.93	1.0	0.99	0.97	0.7	0.92	0.5
Inventory	0.8	0.77	0.78	-0.05	0.41	0.59	0.69	0.79	0.53	0.61	0.89	0.54	0.82	0.77	0.34	0.72		0.89	0.04	0.77	0.74	0.74	0.81	0.33	0.77	0.34
Other Current Assets	0.72	0.67	0.69	0.09	0.33	0.48	0.68	0.73	0.41	0.66	0.85	0.66	0.63	0.68	0.3	0.68	0.89		0.05	0.65	0.69	0.69	0.73	0.3	0.69	0.17
Common Stock	0.39	0.49	0.35	0.92	-0.85	0.43	0.67	0.3	0.25	-0.29	0.31	-0.55	0.13	0.35	0.52	0.44	0.04	0.05		0.29	0.44	0.43	0.35	0.53	0.53	0.56
Property Plant Equipment	0.98	0.94	0.99	0.19	0.11	0.66	0.63	0.96	0.93	0.27	0.84	0.31	0.95	0.99	0.45	0.93	0.77	0.65	0.29		0.94	0.94	0.98	0.48	0.91	0.6
Short Long Term Debt Total	0.98	0.9	0.96	0.41	-0.07	0.64	0.72	0.99	0.84	0.36	0.88	0.3	0.81	0.95	0.65	1.0	0.74	0.69	0.44	0.94		1.0	0.98	0.67	0.92	0.53
Net Debt	0.98	0.9	0.96	0.39	-0.07	0.66	0.71	0.99	0.84	0.35	0.87	0.31	0.82	0.95	0.61	0.99	0.74	0.69	0.43	0.94	1.0		0.98	0.63	0.92	0.55
Non Current Assets Total	1.0	0.95	0.99	0.28	0.06	0.65	0.72	0.98	0.87	0.37	0.89	0.33	0.91	0.98	0.54	0.97	0.81	0.73	0.35	0.98	0.98	0.98		0.56	0.93	0.56
Cash And Short Term Investments	0.57	0.5	0.52	0.59	-0.32	0.13	0.53	0.6	0.45	0.2	0.6	0.03	0.28	0.55	1.0	0.7	0.33	0.3	0.53	0.48	0.67	0.63	0.56		0.56	0.24
Net Receivables	0.94	0.93	0.92	0.45	-0.12	0.76	0.79	0.9	0.75	0.21	0.85	0.19	0.83	0.93	0.54	0.92	0.77	0.69	0.53	0.91	0.92	0.92	0.93	0.56		0.58
Common Stock Total Equity	0.57	0.65	0.6	0.35	-0.38	0.74	0.56	0.48	0.65	-0.31	0.53	-0.3	0.59	0.58	0.23	0.5	0.34	0.17	0.56	0.6	0.53	0.55	0.56	0.24	0.58

Click cells to compare fundamentals

Air Transport Account Relationship Matchups

Air Transport fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	3.0B	3.3B	3.6B	3.9B	4.1B
Total Stockholder Equity	436.4M	855.5M	1.3B	1.4B	1.4B	1.4B
Property Plant And Equipment Net	1.6B	2.0B	2.2B	2.5B	2.9B	3.0B
Non Currrent Assets Other	204.1M	216.8M	(63.2M)	122.6M	33.4M	35.0M
Other Assets	204.5M	272.9M	216.8M	183.4M	165.1M	174.1M
Common Stock Shares Outstanding	69.3M	59.9M	76.2M	88.3M	75.6M	70.1M
Liabilities And Stockholders Equity	2.5B	3.0B	3.3B	3.6B	3.9B	4.1B
Other Stockholder Equity	471.2M	855.5M	1.1B	986.3M	836.3M	576.6M
Total Liab	2.0B	2.1B	1.9B	2.2B	2.5B	2.6B
Property Plant And Equipment Gross	1.8B	2.0B	2.2B	2.4B	4.7B	4.9B
Other Current Liab	75.5M	71.6M	86.6M	34.8M	37.9M	45.9M
Total Current Liabilities	229.1M	302.0M	312.6M	307.5M	400.2M	207.6M
Other Liab	596.6M	327.8M	289.2M	354.1M	407.2M	308.5M
Retained Earnings	56.1M	78.0M	309.4M	528.9M	589.2M	618.7M
Accounts Payable	109.8M	141.4M	174.2M	193.0M	227.7M	239.0M
Cash	59.3M	39.7M	69.5M	27.1M	53.6M	34.5M
Long Term Debt	1.5B	1.5B	1.3B	1.5B	1.7B	1.8B
Inventory	33.5M	40.4M	49.2M	57.8M	49.9M	26.6M
Other Current Assets	18.6M	39.1M	28.7M	32.0M	26.6M	17.9M
Property Plant Equipment	1.8B	1.9B	2.2B	2.4B	2.8B	2.9B
Short Long Term Debt Total	1.4B	1.5B	1.5B	1.5B	1.8B	1.9B
Net Debt	1.3B	1.5B	1.3B	1.5B	1.8B	1.9B
Non Current Assets Total	2.2B	2.7B	2.9B	3.2B	3.5B	3.7B
Cash And Short Term Investments	59.3M	39.7M	69.5M	27.1M	53.6M	39.0M
Net Receivables	147.8M	153.5M	205.4M	301.6M	215.6M	226.4M
Common Stock Total Equity	593K	596K	741K	723K	831.5K	682.6K
Non Current Liabilities Total	1.8B	1.8B	1.6B	1.9B	2.1B	2.2B
Total Current Assets	259.2M	272.7M	352.8M	418.5M	345.7M	215.1M
Accumulated Other Comprehensive Income	(91.4M)	(78.7M)	(62.1M)	(103.4M)	(57.4M)	(60.3M)
Short Term Debt	29.7M	31.5M	19.4M	47.3M	95.0M	99.8M
Intangible Assets	131.7M	120.3M	109.2M	96.7M	86.5M	90.8M
Current Deferred Revenue	19.1M	53.5M	47.4M	21.5M	30.2M	19.7M
Net Tangible Assets	(595.0M)	(177.1M)	817.3M	919.9M	1.1B	1.1B
Retained Earnings Total Equity	45.9M	78.0M	309.4M	528.9M	608.2M	638.6M
Long Term Debt Total	1.5B	1.5B	1.3B	1.5B	1.7B	985.3M
Capital Surpluse	475.7M	855.5M	1.1B	986.3M	1.1B	697.4M
Short Long Term Debt	14.7M	13.7M	628K	639K	54.7M	57.4M

Currently Active Assets on Macroaxis

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America
S	SentinelOne
WD	Walker Dunlop

When determining whether Air Transport Services is a strong investment it is important to analyze Air Transport's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Air Transport's future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:

How To Invest In Air

Details

Is Air Stock a good investment?

Details

What is Air Transport's Net Worth?

Details

Largest Air Freight & Logistics Companies

View

Largest Transportation Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air Transport. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air Transport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.77)

Earnings Share

(0.01)

Revenue Per Share

30.203

Quarterly Revenue Growth

(0.1)

Return On Assets

0.0149

The market value of Air Transport Services is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air Transport's market value can be influenced by many factors that don't directly affect Air Transport's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Air Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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

Air Total Stockholder Equity vs Other Current Assets Analysis

Total Stockholder Equity vs Other Current Assets

Total Stockholder Equity vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Other Current Assets

Air Transport fundamental ratios Correlations

Air Transport Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Transport fundamental ratios Accounts

Currently Active Assets on Macroaxis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Long Term Debt
Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Property Plant And Equipment Net

Other Assets	- 0.88	Non Currrent Assets Other
Common Stock	- 0.85	Other Assets
Common Stock	- 0.55	Other Liab
Common Stock Total Equity	- 0.38	Other Assets
Other Liab	- 0.35	Non Currrent Assets Other
Cash And Short Term Investments	- 0.32	Other Assets