Global Accounts Payable vs Net Working Capital Analysis

JET Stock

1.07 0.05 4.90%

Global Crossing financial indicator trend analysis is much more than just examining Global Crossing Airlines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Crossing Airlines is a good investment. Please check the relationship between Global Crossing Accounts Payable and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Crossing Airlines. 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.

Accounts Payable vs Net Working Capital

Accounts Payable vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Crossing Airlines Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between Global Crossing's Accounts Payable and Net Working Capital is -0.98. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Global Crossing Airlines, assuming nothing else is changed. The correlation between historical values of Global Crossing's Accounts Payable and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Global Crossing Airlines are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Accounts Payable i.e., Global Crossing's Accounts Payable and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.98

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Global Crossing obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Global Crossing Airlines are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Net Working Capital

Most indicators from Global Crossing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Crossing Airlines 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Crossing Airlines. 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.

As of the 26th of February 2025, Tax Provision is likely to grow to 2,958, while Discontinued Operations is likely to drop about 142.2 K.

	2024	2025 (projected)
Discontinued Operations	159.9K	142.2K
Interest Income	463.5	440.33

Discontinued Operations Interest Income

Global Crossing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Other Liab	Net Debt	Other Assets	Long Term Debt	Capital Lease Obligations	Other Stockholder Equity	Deferred Long Term Liab
Total Assets		0.93	1.0	-0.93	-0.77	1.0	-0.96	0.99	0.99	1.0	0.85	0.7	1.0	0.95	1.0	1.0	-0.77	-0.95	0.8	-0.67	1.0	0.88	0.99	1.0	-0.77	-0.77
Other Current Liab	0.93		0.95	-0.81	-0.73	0.93	-0.97	0.96	0.89	0.93	0.95	0.9	0.92	0.87	0.93	0.93	-0.9	-0.96	0.93	-0.79	0.9	0.96	0.86	0.93	-0.65	-0.65
Total Current Liabilities	1.0	0.95		-0.94	-0.81	1.0	-0.97	1.0	0.97	1.0	0.87	0.74	1.0	0.93	1.0	1.0	-0.78	-0.97	0.82	-0.67	0.99	0.89	0.98	1.0	-0.76	-0.76
Total Stockholder Equity	-0.93	-0.81	-0.94		0.91	-0.94	0.9	-0.93	-0.89	-0.93	-0.71	-0.59	-0.94	-0.81	-0.94	-0.93	0.6	0.93	-0.65	0.38	-0.94	-0.74	-0.94	-0.94	0.66	0.66
Net Tangible Assets	-0.77	-0.73	-0.81	0.91		-0.78	0.81	-0.83	-0.67	-0.78	-0.62	-0.65	-0.79	-0.55	-0.78	-0.77	0.52	0.87	-0.58	0.19	-0.76	-0.66	-0.75	-0.78	0.52	0.52
Property Plant And Equipment Net	1.0	0.93	1.0	-0.94	-0.78		-0.96	0.99	0.99	1.0	0.85	0.7	1.0	0.95	1.0	1.0	-0.75	-0.95	0.79	-0.66	1.0	0.87	0.99	1.0	-0.77	-0.77
Retained Earnings	-0.96	-0.97	-0.97	0.9	0.81	-0.96		-0.98	-0.93	-0.96	-0.93	-0.84	-0.96	-0.89	-0.96	-0.96	0.83	0.99	-0.89	0.7	-0.94	-0.94	-0.91	-0.96	0.61	0.61
Accounts Payable	0.99	0.96	1.0	-0.93	-0.83	0.99	-0.98		0.95	0.99	0.89	0.78	0.99	0.91	0.99	0.99	-0.82	-0.98	0.85	-0.66	0.97	0.9	0.95	0.98	-0.74	-0.74
Cash	0.99	0.89	0.97	-0.89	-0.67	0.99	-0.93	0.95		0.99	0.83	0.63	0.98	0.98	0.99	0.99	-0.74	-0.9	0.77	-0.71	0.99	0.85	0.99	0.99	-0.77	-0.77
Non Current Assets Total	1.0	0.93	1.0	-0.93	-0.78	1.0	-0.96	0.99	0.99		0.85	0.7	1.0	0.95	1.0	1.0	-0.77	-0.95	0.8	-0.67	1.0	0.88	0.99	1.0	-0.77	-0.77
Common Stock Shares Outstanding	0.85	0.95	0.87	-0.71	-0.62	0.85	-0.93	0.89	0.83	0.85		0.9	0.84	0.84	0.84	0.85	-0.94	-0.9	0.99	-0.78	0.81	0.97	0.77	0.84	-0.45	-0.45
Other Current Assets	0.7	0.9	0.74	-0.59	-0.65	0.7	-0.84	0.78	0.63	0.7	0.9		0.69	0.6	0.7	0.71	-0.82	-0.83	0.9	-0.74	0.64	0.92	0.58	0.7	-0.35	-0.35
Total Liab	1.0	0.92	1.0	-0.94	-0.79	1.0	-0.96	0.99	0.98	1.0	0.84	0.69		0.94	1.0	1.0	-0.75	-0.95	0.79	-0.64	1.0	0.86	0.99	1.0	-0.77	-0.77
Net Invested Capital	0.95	0.87	0.93	-0.81	-0.55	0.95	-0.89	0.91	0.98	0.95	0.84	0.6	0.94		0.95	0.95	-0.8	-0.85	0.8	-0.76	0.95	0.83	0.94	0.94	-0.73	-0.73
Property Plant And Equipment Gross	1.0	0.93	1.0	-0.94	-0.78	1.0	-0.96	0.99	0.99	1.0	0.84	0.7	1.0	0.95		1.0	-0.75	-0.95	0.79	-0.66	1.0	0.87	0.99	1.0	-0.77	-0.77
Total Current Assets	1.0	0.93	1.0	-0.93	-0.77	1.0	-0.96	0.99	0.99	1.0	0.85	0.71	1.0	0.95	1.0		-0.76	-0.95	0.8	-0.68	1.0	0.88	0.99	1.0	-0.77	-0.77
Capital Stock	-0.77	-0.9	-0.78	0.6	0.52	-0.75	0.83	-0.82	-0.74	-0.77	-0.94	-0.82	-0.75	-0.8	-0.75	-0.76		0.8	-0.96	0.76	-0.72	-0.85	-0.68	-0.75	0.46	0.46
Net Working Capital	-0.95	-0.96	-0.97	0.93	0.87	-0.95	0.99	-0.98	-0.9	-0.95	-0.9	-0.83	-0.95	-0.85	-0.95	-0.95	0.8		-0.86	0.62	-0.93	-0.92	-0.91	-0.95	0.61	0.61
Common Stock	0.8	0.93	0.82	-0.65	-0.58	0.79	-0.89	0.85	0.77	0.8	0.99	0.9	0.79	0.8	0.79	0.8	-0.96	-0.86		-0.78	0.75	0.95	0.71	0.79	-0.4	-0.4
Other Liab	-0.67	-0.79	-0.67	0.38	0.19	-0.66	0.7	-0.66	-0.71	-0.67	-0.78	-0.74	-0.64	-0.76	-0.66	-0.68	0.76	0.62	-0.78		-0.64	-0.81	-0.59	-0.66	0.52	0.52
Net Debt	1.0	0.9	0.99	-0.94	-0.76	1.0	-0.94	0.97	0.99	1.0	0.81	0.64	1.0	0.95	1.0	1.0	-0.72	-0.93	0.75	-0.64		0.84	1.0	1.0	-0.79	-0.79
Other Assets	0.88	0.96	0.89	-0.74	-0.66	0.87	-0.94	0.9	0.85	0.88	0.97	0.92	0.86	0.83	0.87	0.88	-0.85	-0.92	0.95	-0.81	0.84		0.8	0.87	-0.51	-0.51
Long Term Debt	0.99	0.86	0.98	-0.94	-0.75	0.99	-0.91	0.95	0.99	0.99	0.77	0.58	0.99	0.94	0.99	0.99	-0.68	-0.91	0.71	-0.59	1.0	0.8		0.99	-0.79	-0.79
Capital Lease Obligations	1.0	0.93	1.0	-0.94	-0.78	1.0	-0.96	0.98	0.99	1.0	0.84	0.7	1.0	0.94	1.0	1.0	-0.75	-0.95	0.79	-0.66	1.0	0.87	0.99		-0.77	-0.77
Other Stockholder Equity	-0.77	-0.65	-0.76	0.66	0.52	-0.77	0.61	-0.74	-0.77	-0.77	-0.45	-0.35	-0.77	-0.73	-0.77	-0.77	0.46	0.61	-0.4	0.52	-0.79	-0.51	-0.79	-0.77		1.0
Deferred Long Term Liab	-0.77	-0.65	-0.76	0.66	0.52	-0.77	0.61	-0.74	-0.77	-0.77	-0.45	-0.35	-0.77	-0.73	-0.77	-0.77	0.46	0.61	-0.4	0.52	-0.79	-0.51	-0.79	-0.77	1.0

Click cells to compare fundamentals

Global Crossing Account Relationship Matchups

Global Crossing fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	7.2M	39.1M	51.2M	131.3M	151.0M	158.6M
Total Current Liabilities	3.6M	14.7M	27.9M	53.0M	61.0M	64.0M
Total Stockholder Equity	302.4K	4.2M	(7.3M)	(20.1M)	(18.1M)	(17.2M)
Property Plant And Equipment Net	2.5M	23.3M	33.1M	86.5M	99.5M	104.5M
Retained Earnings	(2.4M)	(22.3M)	(38.1M)	(59.1M)	(53.2M)	(50.5M)
Accounts Payable	1.2M	2.1M	5.0M	7.5M	8.6M	9.0M
Cash	526.2K	5.2M	1.9M	11.6M	13.3M	14.0M
Non Current Assets Total	5.6M	29.5M	39.4M	100.7M	115.8M	121.6M
Common Stock Shares Outstanding	28.9M	51.2M	53.4M	58.9M	67.8M	44.2M
Non Current Liabilities Total	3.3M	20.1M	30.6M	98.2M	112.9M	118.5M
Other Current Assets	36.4K	2.8M	5.0M	2.6M	2.9M	2.3M
Total Liab	6.9M	34.8M	58.4M	151.2M	173.9M	182.6M
Net Invested Capital	1.9M	5.8M	(363.9K)	9.1M	10.4M	11.0M
Property Plant And Equipment Gross	2.5M	23.3M	33.1M	87.1M	100.2M	105.2M
Total Current Assets	910.5K	9.7M	11.7M	30.6M	35.2M	36.9M
Capital Stock	28.9K	51.2K	53.4K	58.9K	53.0K	50.4K
Net Working Capital	(1.9M)	(5.1M)	(16.1M)	(22.4M)	(20.2M)	(19.2M)

Pair Trading with Global Crossing

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Crossing position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Crossing will appreciate offsetting losses from the drop in the long position's value.

Moving together with Global Stock

0.65	III	Imperial Metals	Pair Corr
0.68	TAU	Thesis Gold	Pair Corr

Moving against Global Stock

0.62	LCS	Brompton Lifeco Split Split	Pair Corr
0.61	DF	Dividend 15 Split	Pair Corr
0.58	DGS	Dividend Growth Split	Pair Corr

The ability to find closely correlated positions to Global Crossing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Crossing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Crossing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Crossing Airlines to buy it.

The correlation of Global Crossing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Crossing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Crossing Airlines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Global Crossing can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Global Stock

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

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