SkyWest Long Term Investments vs Deferred Long Term Liab Analysis

SKYW Stock

USD 111.90 2.34 2.14%

SkyWest financial indicator trend analysis is much more than just breaking down SkyWest prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SkyWest is a good investment. Please check the relationship between SkyWest Long Term Investments and its Deferred Long Term Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.

Long Term Investments vs Deferred Long Term Liab

Long Term Investments vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SkyWest Long Term Investments account and Deferred Long Term Liab. At this time, the significance of the direction appears to have strong contrarian relationship.

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

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of SkyWest balance sheet that represents investments SkyWest intends to hold for over a year. SkyWest long term investments may include different instruments such as stocks, bonds, real estate and cash.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

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

For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.At this time, SkyWest's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 3.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.26 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	123.1M	127.1M	130.9M	137.5M
Depreciation And Amortization	440.2M	394.6M	383.1M	402.3M

Interest Expense Depreciation And Amortization

SkyWest 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	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	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.97	0.11	0.97	0.99	0.99	0.94	0.98	-0.04	0.99	0.32	0.75	0.22	0.69	0.99	0.46	-0.13	-0.78	1.0	0.9	0.39	0.96	-0.2	0.9	0.8	0.72
Short Long Term Debt Total	0.97		0.03	0.92	0.95	0.99	0.98	0.94	-0.11	0.98	0.26	0.73	0.08	0.61	0.98	0.37	-0.23	-0.74	0.98	0.88	0.28	0.97	-0.34	0.83	0.75	0.68
Other Current Liab	0.11	0.03		0.07	0.12	0.07	-0.12	0.05	0.75	0.09	-0.06	0.0	0.17	0.34	0.12	0.59	0.88	-0.18	0.11	-0.07	0.24	-0.01	0.13	0.07	0.31	-0.16
Total Current Liabilities	0.97	0.92	0.07		0.95	0.96	0.9	0.97	-0.07	0.96	0.43	0.68	0.16	0.59	0.95	0.38	-0.16	-0.83	0.97	0.97	0.33	0.95	-0.24	0.97	0.73	0.68
Total Stockholder Equity	0.99	0.95	0.12	0.95		0.97	0.93	0.98	-0.07	0.97	0.27	0.77	0.27	0.7	0.97	0.48	-0.13	-0.76	0.98	0.88	0.42	0.93	-0.18	0.88	0.81	0.73
Property Plant And Equipment Net	0.99	0.99	0.07	0.96	0.97		0.97	0.98	-0.12	1.0	0.3	0.69	0.09	0.59	0.98	0.35	-0.2	-0.8	0.99	0.92	0.26	0.98	-0.34	0.88	0.74	0.66
Net Debt	0.94	0.98	-0.12	0.9	0.93	0.97		0.93	-0.31	0.97	0.22	0.69	0.06	0.51	0.94	0.24	-0.4	-0.71	0.94	0.89	0.18	0.96	-0.4	0.8	0.68	0.68
Retained Earnings	0.98	0.94	0.05	0.97	0.98	0.98	0.93		-0.17	0.98	0.32	0.69	0.17	0.57	0.95	0.33	-0.22	-0.83	0.97	0.95	0.29	0.96	-0.28	0.91	0.72	0.69
Cash	-0.04	-0.11	0.75	-0.07	-0.07	-0.12	-0.31	-0.17		-0.13	0.12	0.06	0.1	0.4	-0.02	0.57	0.91	0.0	-0.03	-0.24	0.43	-0.15	0.37	-0.02	0.23	-0.13
Non Current Assets Total	0.99	0.98	0.09	0.96	0.97	1.0	0.97	0.98	-0.13		0.29	0.68	0.09	0.59	0.98	0.35	-0.2	-0.8	0.98	0.92	0.24	0.97	-0.35	0.87	0.74	0.65
Non Currrent Assets Other	0.32	0.26	-0.06	0.43	0.27	0.3	0.22	0.32	0.12	0.29		0.3	-0.06	0.09	0.31	0.04	-0.03	-0.37	0.35	0.48	0.21	0.45	0.04	0.47	0.2	0.42
Cash And Short Term Investments	0.75	0.73	0.0	0.68	0.77	0.69	0.69	0.69	0.06	0.68	0.3		0.49	0.66	0.74	0.65	-0.1	-0.45	0.74	0.61	0.76	0.69	0.12	0.66	0.87	0.93
Net Receivables	0.22	0.08	0.17	0.16	0.27	0.09	0.06	0.17	0.1	0.09	-0.06	0.49		0.57	0.2	0.65	0.18	0.11	0.19	0.06	0.79	0.0	0.73	0.19	0.48	0.5
Common Stock Shares Outstanding	0.69	0.61	0.34	0.59	0.7	0.59	0.51	0.57	0.4	0.59	0.09	0.66	0.57		0.71	0.83	0.29	-0.33	0.69	0.38	0.77	0.5	0.44	0.55	0.8	0.54
Non Current Liabilities Total	0.99	0.98	0.12	0.95	0.97	0.98	0.94	0.95	-0.02	0.98	0.31	0.74	0.2	0.71		0.47	-0.12	-0.76	1.0	0.88	0.39	0.95	-0.2	0.86	0.81	0.7
Inventory	0.46	0.37	0.59	0.38	0.48	0.35	0.24	0.33	0.57	0.35	0.04	0.65	0.65	0.83	0.47		0.52	-0.21	0.45	0.17	0.85	0.26	0.49	0.38	0.83	0.49
Other Current Assets	-0.13	-0.23	0.88	-0.16	-0.13	-0.2	-0.4	-0.22	0.91	-0.2	-0.03	-0.1	0.18	0.29	-0.12	0.52		0.03	-0.13	-0.3	0.33	-0.26	0.34	-0.12	0.12	-0.23
Other Stockholder Equity	-0.78	-0.74	-0.18	-0.83	-0.76	-0.8	-0.71	-0.83	0.0	-0.8	-0.37	-0.45	0.11	-0.33	-0.76	-0.21	0.03		-0.79	-0.83	-0.11	-0.8	0.46	-0.79	-0.54	-0.47
Total Liab	1.0	0.98	0.11	0.97	0.98	0.99	0.94	0.97	-0.03	0.98	0.35	0.74	0.19	0.69	1.0	0.45	-0.13	-0.79		0.91	0.38	0.96	-0.21	0.9	0.8	0.7
Property Plant And Equipment Gross	0.9	0.88	-0.07	0.97	0.88	0.92	0.89	0.95	-0.24	0.92	0.48	0.61	0.06	0.38	0.88	0.17	-0.3	-0.83	0.91		0.17	0.94	-0.38	0.95	0.58	0.66
Total Current Assets	0.39	0.28	0.24	0.33	0.42	0.26	0.18	0.29	0.43	0.24	0.21	0.76	0.79	0.77	0.39	0.85	0.33	-0.11	0.38	0.17		0.21	0.69	0.35	0.73	0.68
Short Term Debt	0.96	0.97	-0.01	0.95	0.93	0.98	0.96	0.96	-0.15	0.97	0.45	0.69	0.0	0.5	0.95	0.26	-0.26	-0.8	0.96	0.94	0.21		-0.39	0.88	0.68	0.69
Intangible Assets	-0.2	-0.34	0.13	-0.24	-0.18	-0.34	-0.4	-0.28	0.37	-0.35	0.04	0.12	0.73	0.44	-0.2	0.49	0.34	0.46	-0.21	-0.38	0.69	-0.39		-0.19	0.15	0.09
Accounts Payable	0.9	0.83	0.07	0.97	0.88	0.88	0.8	0.91	-0.02	0.87	0.47	0.66	0.19	0.55	0.86	0.38	-0.12	-0.79	0.9	0.95	0.35	0.88	-0.19		0.67	0.65
Common Stock Total Equity	0.8	0.75	0.31	0.73	0.81	0.74	0.68	0.72	0.23	0.74	0.2	0.87	0.48	0.8	0.81	0.83	0.12	-0.54	0.8	0.58	0.73	0.68	0.15	0.67		0.75
Short Term Investments	0.72	0.68	-0.16	0.68	0.73	0.66	0.68	0.69	-0.13	0.65	0.42	0.93	0.5	0.54	0.7	0.49	-0.23	-0.47	0.7	0.66	0.68	0.69	0.09	0.65	0.75

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SkyWest Account Relationship Matchups

SkyWest fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.7B	6.9B	7.1B	7.4B	7.0B	7.4B
Short Long Term Debt Total	3.0B	3.5B	3.3B	3.5B	3.1B	3.2B
Other Current Liab	560.6M	152.1M	198.7M	219.8M	294.8M	149.2M
Total Current Liabilities	924.7M	941.7M	1.2B	1.2B	1.3B	1.3B
Total Stockholder Equity	2.2B	2.1B	2.3B	2.3B	2.1B	2.2B
Property Plant And Equipment Net	5.4B	5.6B	5.7B	5.7B	5.6B	5.8B
Net Debt	2.9B	3.3B	3.1B	3.4B	2.9B	3.1B
Retained Earnings	2.1B	2.1B	2.2B	2.2B	2.3B	2.4B
Cash	87.2M	215.7M	258.4M	103.0M	148.3M	161.3M
Non Current Assets Total	5.9B	5.9B	6.1B	6.0B	5.9B	6.2B
Non Currrent Assets Other	(121.5M)	260.4M	320.2M	342.9M	324.7M	340.9M
Cash And Short Term Investments	520.2M	825.9M	860.4M	1.0B	835.2M	437.8M
Net Receivables	94.1M	34.5M	65.3M	110.4M	84.1M	52.9M
Common Stock Shares Outstanding	51.4M	50.2M	50.8M	50.6M	44.6M	51.4M
Liabilities And Stockholders Equity	6.7B	6.9B	7.1B	7.4B	7.0B	7.4B
Non Current Liabilities Total	3.6B	3.8B	3.7B	3.9B	3.7B	3.8B
Inventory	110.5M	91.2M	104.1M	123.2M	127.1M	66.6M
Other Current Assets	240.2M	31.2M	38.7M	90.4M	85.5M	110.7M
Other Stockholder Equity	(591.0M)	(617.1M)	(618.7M)	(619.9M)	(912.4M)	(866.8M)
Total Liab	4.5B	4.7B	4.9B	5.1B	4.9B	5.2B
Property Plant And Equipment Gross	5.7B	5.6B	8.2B	8.4B	8.8B	9.2B
Total Current Assets	760.3M	982.8M	1.1B	1.4B	1.1B	715.2M
Accumulated Other Comprehensive Income	(32K)	(2.0B)	0.0	(3.8M)	325K	341.3K
Short Term Debt	364.1M	484.8M	470.7M	510.2M	463.2M	486.4M
Accounts Payable	284.5M	278.7M	496.3M	422.0M	470.3M	493.8M
Common Stock Total Equity	686.8M	704.7M	722.3M	734.4M	844.6M	491.0M
Short Term Investments	433.0M	610.2M	602.0M	944.2M	686.9M	418.2M
Common Stock	686.8M	704.7M	722.3M	734.4M	754.4M	432.4M
Other Assets	191.1M	574.4M	683.7M	340.2M	391.2M	410.8M
Long Term Debt	2.6B	2.8B	2.7B	2.9B	2.6B	1.8B
Property Plant Equipment	5.4B	5.4B	5.4B	5.5B	6.4B	6.7B
Other Liab	669.2M	1.0B	946.4M	864.0M	993.6M	1.0B
Current Deferred Revenue	(284.5M)	(278.7M)	(496.3M)	40.8M	240.3M	252.3M
Net Tangible Assets	2.4B	2.3B	2.3B	2.4B	2.8B	2.0B
Retained Earnings Total Equity	2.1B	2.1B	2.2B	2.2B	2.6B	1.7B
Long Term Debt Total	2.6B	2.8B	2.7B	2.9B	3.4B	2.4B
Deferred Long Term Liab	623.6M	625.9M	663.2M	687.1M	618.4M	542.3M
Non Current Liabilities Other	45.6M	173.0M	946.4M	952.6M	341.3M	246.1M

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SkyWest Long Term Investments vs Deferred Long Term Liab Analysis

Long Term Investments vs Deferred Long Term Liab

Long Term Investments vs Deferred Long Term Liab Correlation Analysis

Correlation Coefficient

Long Term Investments

Deferred Long Term Liab

SkyWest fundamental ratios Correlations

SkyWest Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SkyWest fundamental ratios Accounts

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Additional Tools for SkyWest Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Property Plant And Equipment Gross	- 0.83	Other Stockholder Equity
Other Stockholder Equity	- 0.83	Retained Earnings
Other Stockholder Equity	- 0.83	Total Current Liabilities
Short Term Debt	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.8	Non Current Assets Total
Other Stockholder Equity	- 0.8	Property Plant And Equipment Net