Alaska Inventory vs Short Term Debt Analysis

ALK Stock  USD 66.02  1.05  1.62%   
Alaska Air financial indicator trend analysis is way more than just evaluating Alaska Air Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alaska Air Group is a good investment. Please check the relationship between Alaska Air Inventory and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. 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.

Inventory vs Short Term Debt

Inventory vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alaska Air Group Inventory account and Short Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Alaska Air's Inventory and Short Term Debt is 0.33. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Alaska Air Group, assuming nothing else is changed. The correlation between historical values of Alaska Air's Inventory and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Alaska Air Group are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Inventory i.e., Alaska Air's Inventory and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.33
Relationship DirectionPositive 
Relationship StrengthVery Weak

Inventory

Short Term Debt

Most indicators from Alaska Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alaska Air Group 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 Alaska Air Group. 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 this time, Alaska Air's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.30 this year, although the value of Selling General Administrative will most likely fall to about 292.6 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses680M1.0B2.1B1.6B
Cost Of Revenue4.8B8.0B8.0B8.4B

Alaska Air fundamental ratios Correlations

0.930.920.990.940.990.960.920.20.990.360.630.880.230.990.820.03-0.640.990.80.670.710.720.690.59-0.55
0.930.860.940.780.870.950.790.450.890.40.750.870.10.960.62-0.07-0.610.950.770.770.860.640.680.62-0.52
0.920.860.940.770.90.910.740.290.910.120.520.740.150.930.84-0.24-0.470.940.890.560.730.730.580.35-0.46
0.990.940.940.890.970.960.860.270.970.290.680.860.230.980.82-0.05-0.580.990.860.720.740.760.710.63-0.53
0.940.780.770.890.960.870.99-0.060.950.390.50.830.250.880.770.18-0.720.890.620.550.530.60.630.57-0.59
0.990.870.90.970.960.930.930.110.990.30.550.820.280.960.870.04-0.610.970.770.60.630.70.660.55-0.54
0.960.950.910.960.870.930.860.180.950.350.620.850.040.970.75-0.08-0.660.970.840.660.720.750.70.57-0.54
0.920.790.740.860.990.930.86-0.030.930.440.510.840.160.860.680.2-0.820.870.570.550.570.530.610.57-0.68
0.20.450.290.27-0.060.110.18-0.030.120.090.530.280.160.29-0.06-0.210.050.280.210.490.67-0.010.120.13-0.06
0.990.890.910.970.950.990.950.930.120.380.530.830.190.970.830.06-0.660.970.780.580.640.710.690.53-0.57
0.360.40.120.290.390.30.350.440.090.380.20.43-0.160.380.050.76-0.520.340.090.210.280.080.280.32-0.35
0.630.750.520.680.50.550.620.510.530.530.20.760.340.640.28-0.08-0.380.650.490.990.790.360.510.75-0.29
0.880.870.740.860.830.820.850.840.280.830.430.760.190.870.520.06-0.690.870.640.790.770.550.560.61-0.63
0.230.10.150.230.250.280.040.160.160.19-0.160.340.190.20.380.220.280.210.010.40.07-0.02-0.070.20.3
0.990.960.930.980.880.960.970.860.290.970.380.640.870.20.790.0-0.591.00.830.680.750.720.670.54-0.51
0.820.620.840.820.770.870.750.68-0.060.830.050.280.520.380.79-0.01-0.240.810.80.360.330.770.540.36-0.24
0.03-0.07-0.24-0.050.180.04-0.080.2-0.210.060.76-0.080.060.220.0-0.01-0.18-0.02-0.29-0.05-0.18-0.24-0.090.14-0.06
-0.64-0.61-0.47-0.58-0.72-0.61-0.66-0.820.05-0.66-0.52-0.38-0.690.28-0.59-0.24-0.18-0.59-0.31-0.37-0.5-0.26-0.44-0.430.85
0.990.950.940.990.890.970.970.870.280.970.340.650.870.211.00.81-0.02-0.590.840.70.750.740.690.58-0.52
0.80.770.890.860.620.770.840.570.210.780.090.490.640.010.830.8-0.29-0.310.840.530.550.940.710.48-0.38
0.670.770.560.720.550.60.660.550.490.580.210.990.790.40.680.36-0.05-0.370.70.530.780.410.560.75-0.3
0.710.860.730.740.530.630.720.570.670.640.280.790.770.070.750.33-0.18-0.50.750.550.780.290.40.42-0.4
0.720.640.730.760.60.70.750.53-0.010.710.080.360.55-0.020.720.77-0.24-0.260.740.940.410.290.780.55-0.35
0.690.680.580.710.630.660.70.610.120.690.280.510.56-0.070.670.54-0.09-0.440.690.710.560.40.780.7-0.46
0.590.620.350.630.570.550.570.570.130.530.320.750.610.20.540.360.14-0.430.580.480.750.420.550.7-0.38
-0.55-0.52-0.46-0.53-0.59-0.54-0.54-0.68-0.06-0.57-0.35-0.29-0.630.3-0.51-0.24-0.060.85-0.52-0.38-0.3-0.4-0.35-0.46-0.38
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Alaska Air Account Relationship Matchups

Alaska Air fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.0B14.0B14.0B14.3B15.8B16.6B
Short Long Term Debt Total3.2B5.1B4.1B3.9B3.8B4.0B
Other Current Liab1.7B2.7B1.7B2.3B3.1B3.2B
Total Current Liabilities3.2B4.3B4.0B4.5B4.5B4.7B
Total Stockholder Equity4.3B3.0B3.8B3.8B4.1B4.3B
Property Plant And Equipment Net8.6B7.6B7.6B8.8B9.6B10.1B
Net Debt3.0B3.7B3.6B3.5B4.1B4.3B
Retained Earnings5.1B3.8B4.2B4.3B4.5B4.8B
Cash221M1.4B470M338M281M280.5M
Non Current Assets Total11.0B10.0B10.0B11.2B13.1B13.8B
Non Currrent Assets Other278M379M396M(243M)262M275.1M
Cash And Short Term Investments1.5B3.3B3.1B2.4B1.8B967.3M
Net Receivables323M480M546M296M383M402.2M
Common Stock Shares Outstanding124.3M123.5M126.8M127.9M128.7M118.0M
Liabilities And Stockholders Equity13.0B14.0B14.0B14.3B14.6B15.3B
Non Current Liabilities Total5.5B6.8B6.2B6.0B7.3B7.6B
Other Current Assets516M123M196M223M409M292.2M
Other Stockholder Equity(338M)(283M)(180M)(97M)(124M)(117.8M)
Total Liab8.7B11.0B10.2B10.5B11.7B12.3B
Property Plant And Equipment Gross1.3B7.6B10B11.4B13.1B13.7B
Total Current Assets2.0B4.0B3.9B3.0B2.7B1.4B
Accumulated Other Comprehensive Income(465M)(494M)(262M)(388M)(299M)(314.0M)
Short Term Debt486M504M1.4B634M511M536.6M
Intangible Assets122M107M2.0B2.0B2.0B2.1B
Accounts Payable146M108M200M221M207M113.9M
Current Deferred Revenue900M1.1B2.1B2.3B688M671.8M
Short Term Investments1.3B2.0B2.6B2.1B1.5B1.0B
Other Liab2.8B3.1B2.7B2.6B3.0B3.1B
Other Assets809M379M780M380M1.2B1.3B
Long Term Debt1.3B2.4B2.2B1.9B2.2B1.4B
Treasury Stock(518M)(568M)(643M)(674M)(606.6M)(576.3M)
Property Plant Equipment8.1B6.2B7.2B8.8B10.1B10.7B
Net Tangible Assets2.3B3.0B1.8B3.8B4.4B3.1B
Long Term Debt Total1.3B2.4B2.2B1.9B2.2B1.6B
Capital Surpluse305M391M494M577M519.3M338.2M

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When determining whether Alaska Air Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alaska Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. 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.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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 Alaska Air. If investors know Alaska 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 Alaska Air 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
0.704
Earnings Share
2.51
Revenue Per Share
85.034
Quarterly Revenue Growth
0.082
Return On Assets
0.0286
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air'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 Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air'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 Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air'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.