EasyJet Non Currrent Assets Other vs Cash And Short Term Investments Analysis

EZJ Stock   571.60  1.80  0.31%   
EasyJet PLC financial indicator trend analysis is much more than just examining EasyJet PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EasyJet PLC is a good investment. Please check the relationship between EasyJet PLC Non Currrent Assets Other and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EasyJet PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Non Currrent Assets Other vs Cash And Short Term Investments

Non Currrent Assets Other vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EasyJet PLC Non Currrent Assets Other account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between EasyJet PLC's Non Currrent Assets Other and Cash And Short Term Investments is 0.58. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of EasyJet PLC, assuming nothing else is changed. The correlation between historical values of EasyJet PLC's Non Currrent Assets Other and Cash 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 Non Currrent Assets Other of EasyJet PLC are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Currrent Assets Other i.e., EasyJet PLC's Non Currrent Assets Other and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.58
Relationship DirectionPositive 
Relationship StrengthWeak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of EasyJet PLC balance sheet. This account contains EasyJet PLC investments that will expire within one year. These investments include stocks and bonds that can be liquidated by EasyJet PLC fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from EasyJet PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EasyJet PLC 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EasyJet PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, EasyJet PLC's Tax Provision is projected to decrease significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense143M179M132M138.6M
Depreciation And Amortization564M673M770M808.5M

EasyJet PLC fundamental ratios Correlations

0.880.820.950.590.970.840.730.70.70.970.390.950.780.430.880.850.90.980.970.950.470.820.810.82-0.22
0.880.70.840.290.810.680.730.520.870.830.570.950.620.30.980.740.90.940.870.920.660.960.80.53-0.56
0.820.70.910.350.780.720.540.650.570.790.570.780.620.430.720.830.830.840.870.820.60.580.720.59-0.37
0.950.840.910.430.920.820.760.760.620.930.520.90.710.490.830.830.860.960.950.910.610.780.750.74-0.29
0.590.290.350.430.630.460.080.170.360.63-0.370.40.78-0.150.260.420.360.440.470.43-0.220.280.560.770.44
0.970.810.780.920.630.820.710.650.621.00.250.850.760.390.790.740.770.930.90.850.370.770.690.88-0.05
0.840.680.720.820.460.820.680.730.450.810.290.770.440.470.680.760.730.820.870.80.240.590.60.8-0.16
0.730.730.540.760.080.710.680.870.290.710.630.740.390.610.750.60.660.780.770.710.530.710.480.49-0.31
0.70.520.650.760.170.650.730.870.10.660.60.680.390.730.60.710.650.70.790.70.370.440.470.55-0.19
0.70.870.570.620.360.620.450.290.10.630.330.790.59-0.060.830.590.770.750.640.760.540.830.780.38-0.56
0.970.830.790.930.631.00.810.710.660.630.280.860.770.40.80.760.790.940.910.860.40.780.710.87-0.07
0.390.570.570.52-0.370.250.290.630.60.330.280.580.150.470.650.520.630.520.530.560.770.490.46-0.11-0.81
0.950.950.780.90.40.850.770.740.680.790.860.580.690.430.970.850.970.970.960.990.60.880.860.62-0.49
0.780.620.620.710.780.760.440.390.390.590.770.150.69-0.010.590.560.660.710.680.680.370.620.810.630.03
0.430.30.430.49-0.150.390.470.610.73-0.060.40.470.43-0.010.370.460.420.430.520.440.260.230.010.31-0.11
0.880.980.720.830.260.790.680.750.60.830.80.650.970.590.370.80.940.940.890.950.650.910.820.5-0.61
0.850.740.830.830.420.740.760.60.710.590.760.520.850.560.460.80.890.850.910.910.410.590.780.65-0.41
0.90.90.830.860.360.770.730.660.650.770.790.630.970.660.420.940.890.930.940.980.620.790.890.54-0.57
0.980.940.840.960.440.930.820.780.70.750.940.520.970.710.430.940.850.930.970.970.590.880.820.72-0.38
0.970.870.870.950.470.90.870.770.790.640.910.530.960.680.520.890.910.940.970.970.510.760.820.74-0.35
0.950.920.820.910.430.850.80.710.70.760.860.560.990.680.440.950.910.980.970.970.560.830.870.65-0.47
0.470.660.60.61-0.220.370.240.530.370.540.40.770.60.370.260.650.410.620.590.510.560.670.510.02-0.68
0.820.960.580.780.280.770.590.710.440.830.780.490.880.620.230.910.590.790.880.760.830.670.710.5-0.46
0.810.80.720.750.560.690.60.480.470.780.710.460.860.810.010.820.780.890.820.820.870.510.710.5-0.46
0.820.530.590.740.770.880.80.490.550.380.87-0.110.620.630.310.50.650.540.720.740.650.020.50.50.29
-0.22-0.56-0.37-0.290.44-0.05-0.16-0.31-0.19-0.56-0.07-0.81-0.490.03-0.11-0.61-0.41-0.57-0.38-0.35-0.47-0.68-0.46-0.460.29
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EasyJet PLC Account Relationship Matchups

EasyJet PLC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.5B9.8B10.5B9.8B11.0B11.6B
Short Long Term Debt Total3.4B4.4B4.3B2.9B3.3B3.4B
Other Current Liab1.6B1.1B1.5B3.1B2.2B2.3B
Total Current Liabilities3.8B2.7B3.7B4.1B4.5B4.7B
Total Stockholder Equity1.9B2.6B2.5B2.8B3.0B1.8B
Property Plant And Equipment Net5.1B4.7B4.6B4.9B5.5B5.7B
Current Deferred Revenue614M844M1.0B1.5B1.7B1.8B
Net Debt1.1B897M792M(41M)1.9B2.0B
Accounts Payable323M217M431M402M1.7B1.7B
Cash2.3B3.5B3.5B2.9B1.3B1.1B
Non Current Assets Total5.9B5.6B5.5B5.7B6.5B6.8B
Non Currrent Assets Other133M(230M)(274M)165M2.3B2.4B
Cash And Short Term Investments2.3B3.5B3.6B2.9B3.5B3.6B
Liabilities And Stockholders Equity8.5B9.8B10.5B9.8B11.0B11.6B
Non Current Liabilities Total2.7B4.5B4.2B2.9B3.6B3.8B
Other Current Assets229M585M1.2B1.1B1.1B1.1B
Total Liab6.6B7.1B7.9B7.1B8.1B8.5B
Property Plant And Equipment Gross5.1B7.3B7.6B8.2B9.5B9.9B
Total Current Assets2.6B4.2B4.9B4.1B4.5B4.8B
Accumulated Other Comprehensive Income(237M)155M169M183M210.5M221.0M
Short Term Debt1.2B489M684M650M643M675.2M
Intangible Assets196M597M582M276M406M426.3M
Other Liab820M518M500M617M709.6M745.0M
Retained Earnings960M111M(9M)231M673M869.4M
Long Term Debt1.7B3.1B2.8B1.5B1.7B922.4M
Net Receivables200M44M243M110M126.5M129.2M
Property Plant Equipment5.2B5.1B4.7B4.6B5.3B5.6B
Other Assets199M142M261M283M325.5M292.4M
Short Term Investments32M(87M)126M27M2.1B2.2B
Net Tangible Assets2.4B1.3B2.1B2.0B2.2B2.2B
Short Long Term Debt987M300M437M433M498.0M264.8M
Capital Lease Obligations710M1.1B1.1B989M1.1B657.1M
Net Invested Capital4.6B6.0B5.7B4.7B5.4B5.2B
Net Working Capital(1.3B)1.5B1.3B(14M)(16.1M)(15.3M)

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Other Information on Investing in EasyJet Stock

Balance Sheet is a snapshot of the financial position of EasyJet PLC at a specified time, usually calculated after every quarter, six months, or one year. EasyJet PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of EasyJet PLC 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 EasyJet currently owns. An asset can also be divided into two categories, current and non-current.