Spirit Ebit vs Operating Income Analysis

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USD 0.13 0.02 13.33%

Spirit Airlines financial indicator trend analysis is much more than just breaking down Spirit Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirit Airlines is a good investment. Please check the relationship between Spirit Airlines Ebit and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit 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 real.

For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spirit Airlines Ebit account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Spirit Airlines' Ebit and Operating Income is 0.97. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Spirit Airlines, assuming nothing else is changed. The correlation between historical values of Spirit Airlines' Ebit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Spirit Airlines are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebit i.e., Spirit Airlines' Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from Spirit Airlines operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Spirit Airlines is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Spirit Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirit 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit 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 real.

For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.At present, Spirit Airlines' Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Expense	121.1M	100.8M	122.5M	128.6M
Depreciation And Amortization	297.2M	313.1M	320.9M	336.9M

Interest Expense Depreciation And Amortization

Spirit Airlines fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Total Assets		0.98	0.93	0.99	0.68	0.99	0.95	0.31	0.68	0.78	1.0	-0.45	0.8	0.95	0.76	0.74	0.98	0.12	0.84	0.75	0.99	0.91	0.85	0.97	0.77	0.82
Short Long Term Debt Total	0.98		0.96	0.99	0.51	0.99	0.99	0.11	0.69	0.67	0.99	-0.34	0.69	0.96	0.75	0.7	1.0	0.27	0.77	0.81	1.0	0.93	0.75	0.98	0.76	0.7
Other Current Liab	0.93	0.96		0.96	0.45	0.96	0.97	0.07	0.59	0.53	0.95	-0.24	0.56	0.89	0.67	0.62	0.96	0.38	0.72	0.75	0.96	0.96	0.64	0.92	0.69	0.66
Total Current Liabilities	0.99	0.99	0.96		0.59	0.99	0.97	0.19	0.7	0.72	0.99	-0.36	0.74	0.96	0.76	0.73	0.99	0.22	0.81	0.79	1.0	0.93	0.8	0.98	0.77	0.74
Total Stockholder Equity	0.68	0.51	0.45	0.59		0.61	0.42	0.88	0.37	0.87	0.63	-0.62	0.89	0.54	0.53	0.57	0.54	-0.49	0.75	0.28	0.55	0.48	0.86	0.57	0.53	0.88
Property Plant And Equipment Net	0.99	0.99	0.96	0.99	0.61		0.97	0.24	0.7	0.71	1.0	-0.41	0.74	0.95	0.74	0.71	0.99	0.21	0.81	0.76	1.0	0.93	0.8	0.98	0.76	0.78
Net Debt	0.95	0.99	0.97	0.97	0.42	0.97		0.01	0.68	0.56	0.97	-0.28	0.59	0.94	0.7	0.66	0.99	0.38	0.72	0.8	0.99	0.94	0.66	0.96	0.72	0.64
Retained Earnings	0.31	0.11	0.07	0.19	0.88	0.24	0.01		0.09	0.62	0.26	-0.66	0.64	0.14	0.12	0.16	0.15	-0.66	0.48	-0.22	0.15	0.14	0.59	0.2	0.11	0.73
Accounts Payable	0.68	0.69	0.59	0.7	0.37	0.7	0.68	0.09		0.54	0.69	-0.39	0.55	0.63	0.6	0.62	0.69	0.31	0.57	0.57	0.7	0.48	0.6	0.7	0.61	0.5
Cash	0.78	0.67	0.53	0.72	0.87	0.71	0.56	0.62	0.54		0.72	-0.58	1.0	0.72	0.72	0.72	0.68	-0.42	0.8	0.53	0.69	0.54	0.98	0.73	0.72	0.82
Non Current Assets Total	1.0	0.99	0.95	0.99	0.63	1.0	0.97	0.26	0.69	0.72		-0.41	0.75	0.94	0.74	0.72	0.99	0.19	0.82	0.75	0.99	0.93	0.8	0.98	0.76	0.79
Non Currrent Assets Other	-0.45	-0.34	-0.24	-0.36	-0.62	-0.41	-0.28	-0.66	-0.39	-0.58	-0.41		-0.61	-0.38	-0.18	-0.15	-0.37	0.32	-0.54	0.07	-0.37	-0.23	-0.61	-0.41	-0.17	-0.76
Cash And Short Term Investments	0.8	0.69	0.56	0.74	0.89	0.74	0.59	0.64	0.55	1.0	0.75	-0.61		0.74	0.73	0.72	0.7	-0.4	0.82	0.52	0.71	0.56	0.99	0.75	0.73	0.85
Net Receivables	0.95	0.96	0.89	0.96	0.54	0.95	0.94	0.14	0.63	0.72	0.94	-0.38	0.74		0.78	0.75	0.96	0.21	0.82	0.81	0.96	0.85	0.81	0.95	0.79	0.68
Common Stock Total Equity	0.76	0.75	0.67	0.76	0.53	0.74	0.7	0.12	0.6	0.72	0.74	-0.18	0.73	0.78		0.95	0.75	0.04	0.81	0.84	0.75	0.62	0.78	0.73	1.0	0.6
Common Stock Shares Outstanding	0.74	0.7	0.62	0.73	0.57	0.71	0.66	0.16	0.62	0.72	0.72	-0.15	0.72	0.75	0.95		0.71	0.08	0.79	0.83	0.71	0.56	0.77	0.67	0.96	0.56
Non Current Liabilities Total	0.98	1.0	0.96	0.99	0.54	0.99	0.99	0.15	0.69	0.68	0.99	-0.37	0.7	0.96	0.75	0.71		0.25	0.78	0.79	1.0	0.93	0.77	0.98	0.76	0.73
Inventory	0.12	0.27	0.38	0.22	-0.49	0.21	0.38	-0.66	0.31	-0.42	0.19	0.32	-0.4	0.21	0.04	0.08	0.25		-0.01	0.31	0.25	0.24	-0.29	0.16	0.06	-0.25
Other Current Assets	0.84	0.77	0.72	0.81	0.75	0.81	0.72	0.48	0.57	0.8	0.82	-0.54	0.82	0.82	0.81	0.79	0.78	-0.01		0.56	0.79	0.7	0.89	0.79	0.81	0.86
Other Stockholder Equity	0.75	0.81	0.75	0.79	0.28	0.76	0.8	-0.22	0.57	0.53	0.75	0.07	0.52	0.81	0.84	0.83	0.79	0.31	0.56		0.79	0.68	0.57	0.75	0.85	0.32
Total Liab	0.99	1.0	0.96	1.0	0.55	1.0	0.99	0.15	0.7	0.69	0.99	-0.37	0.71	0.96	0.75	0.71	1.0	0.25	0.79	0.79		0.93	0.77	0.98	0.76	0.73
Property Plant And Equipment Gross	0.91	0.93	0.96	0.93	0.48	0.93	0.94	0.14	0.48	0.54	0.93	-0.23	0.56	0.85	0.62	0.56	0.93	0.24	0.7	0.68	0.93		0.63	0.92	0.64	0.68
Total Current Assets	0.85	0.75	0.64	0.8	0.86	0.8	0.66	0.59	0.6	0.98	0.8	-0.61	0.99	0.81	0.78	0.77	0.77	-0.29	0.89	0.57	0.77	0.63		0.8	0.78	0.87
Short Term Debt	0.97	0.98	0.92	0.98	0.57	0.98	0.96	0.2	0.7	0.73	0.98	-0.41	0.75	0.95	0.73	0.67	0.98	0.16	0.79	0.75	0.98	0.92	0.8		0.74	0.75
Common Stock	0.77	0.76	0.69	0.77	0.53	0.76	0.72	0.11	0.61	0.72	0.76	-0.17	0.73	0.79	1.0	0.96	0.76	0.06	0.81	0.85	0.76	0.64	0.78	0.74		0.6
Other Liab	0.82	0.7	0.66	0.74	0.88	0.78	0.64	0.73	0.5	0.82	0.79	-0.76	0.85	0.68	0.6	0.56	0.73	-0.25	0.86	0.32	0.73	0.68	0.87	0.75	0.6

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Spirit Airlines Account Relationship Matchups

Spirit Airlines fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	8.4B	8.5B	9.2B	9.4B	9.9B
Short Long Term Debt Total	3.6B	4.9B	5.1B	6.2B	6.9B	7.3B
Other Current Liab	352.9M	356.7M	403.3M	459.9M	600.9M	630.9M
Total Current Liabilities	1.1B	1.3B	1.3B	1.6B	1.7B	1.8B
Total Stockholder Equity	2.3B	2.2B	2.1B	1.6B	1.1B	1.2B
Property Plant And Equipment Net	5.2B	5.6B	6.3B	6.9B	7.6B	7.9B
Net Debt	2.6B	3.1B	3.8B	4.9B	6.1B	6.4B
Retained Earnings	2.0B	1.5B	1.1B	504.2M	56.8M	53.9M
Accounts Payable	43.6M	28.5M	45.0M	75.4M	42.1M	30.1M
Cash	979.0M	1.8B	1.3B	1.3B	865.2M	806.6M
Non Current Assets Total	5.7B	6.0B	6.7B	7.2B	7.9B	8.3B
Non Currrent Assets Other	(3.1M)	(2.7M)	30.1M	27.3M	236.5M	248.3M
Cash And Short Term Investments	1.1B	1.9B	1.4B	1.5B	977.7M	864.5M
Net Receivables	94.8M	190.4M	166.7M	233.5M	205.5M	215.7M
Common Stock Shares Outstanding	68.6M	84.7M	105M	108.8M	109.2M	76.2M
Liabilities And Stockholders Equity	7.0B	8.4B	8.5B	9.2B	9.4B	9.9B
Non Current Liabilities Total	3.7B	4.8B	5.2B	6.0B	6.6B	6.9B
Other Current Assets	227.4M	269.5M	236.0M	307.0M	328.9M	174.7M
Other Stockholder Equity	306.9M	725.4M	1.1B	1.1B	1.1B	1.1B
Total Liab	4.8B	6.1B	6.4B	7.6B	8.3B	8.7B
Property Plant And Equipment Gross	4.9B	5.2B	3.9B	3.7B	8.7B	9.2B
Total Current Assets	1.4B	2.4B	1.8B	2.0B	1.5B	1.1B
Accumulated Other Comprehensive Income	(787K)	(618K)	(532K)	(596K)	(67K)	(70.4K)
Short Term Debt	400.2M	518.0M	367.6M	535.2M	540.4M	567.5M
Other Liab	491.6M	492.0M	423.2M	360.5M	414.6M	252.8M
Other Assets	758.1M	5.7B	890.4M	741.7M	853.0M	963.8M
Long Term Debt	2.0B	3.1B	3.0B	3.2B	3.1B	3.2B
Short Term Investments	105.3M	106.3M	106.3M	107.1M	112.5M	70.9M
Property Plant Equipment	4.9B	3.8B	3.9B	3.7B	4.3B	4.5B
Current Deferred Revenue	315.4M	402.0M	382.3M	429.6M	383.8M	288.0M
Net Tangible Assets	2.3B	3.5B	3.9B	4.0B	4.6B	4.9B
Capital Surpluse	379.4M	799.5M	1.1B	1.1B	1.3B	692.4M
Deferred Long Term Liab	361.6M	492.0M	423.2M	360.5M	414.6M	234.2M
Treasury Stock	(67.0M)	(72.5M)	(74.1M)	(75.6M)	(68.1M)	(71.5M)
Short Long Term Debt	258.9M	384.2M	208.9M	346.9M	315.6M	213.2M
Long Term Debt Total	2.0B	3.1B	3.0B	3.2B	3.7B	2.2B

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When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' 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 Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:

How To Invest In Spirit

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Is Spirit Stock a good investment?

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What is Spirit Airlines' Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit 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 real.

For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Is Passenger Airlines 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 Spirit Airlines. If investors know Spirit 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 Spirit Airlines 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

(0.14)

Earnings Share

(6.20)

Revenue Per Share

46.897

Quarterly Revenue Growth

(0.11)

Return On Assets

(0.05)

The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' 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 Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' 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 Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' 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.

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Spirit Ebit vs Operating Income Analysis

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

Spirit Airlines fundamental ratios Correlations

Spirit Airlines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spirit Airlines fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Other Liab	- 0.76	Non Currrent Assets Other
Inventory	- 0.66	Retained Earnings
Non Currrent Assets Other	- 0.66	Retained Earnings
Non Currrent Assets Other	- 0.62	Total Stockholder Equity
Total Current Assets	- 0.61	Non Currrent Assets Other
Cash And Short Term Investments	- 0.61	Non Currrent Assets Other