National Historical Cash Flow
| NESR Stock | USD 8.72 0.02 0.23% |
Analysis of National Energy cash flow over time is an excellent tool to project National Energy Services future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Free Cash Flow of 114.2 M or Change In Working Capital of 8.1 M as it is a great indicator of National Energy ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining National Energy Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether National Energy Services is a good buy for the upcoming year.
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About National Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in National balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which National's non-liquid assets can be easily converted into cash.
National Energy Cash Flow Chart
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Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by National Energy Services to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of National Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from National Energy's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into National Energy Services current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, National Energy's End Period Cash Flow is relatively stable compared to the past year. As of 12/12/2024, Change To Liabilities is likely to grow to about 66.8 M, though Change In Cash is likely to grow to (10.5 M).
National Energy cash flow statement Correlations
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National Energy Account Relationship Matchups
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National Energy cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (21.2M) | (11.9M) | (3.2M) | (16.8M) | 12.0M | 12.5M | |
| Change In Cash | 48.3M | 1.8M | 130.8M | (126.9M) | (11.0M) | (10.5M) | |
| Stock Based Compensation | 5.7M | 7.8M | 9.8M | 9.3M | 6.8M | 7.1M | |
| Free Cash Flow | (18.8M) | 51.8M | 20.7M | (29.8M) | 108.8M | 114.2M | |
| Change In Working Capital | (37.4M) | (2.9M) | 62.8M | 1.2M | 7.7M | 8.1M | |
| Begin Period Cash Flow | 24.9M | 73.2M | 75.0M | 205.8M | 78.9M | 76.1M | |
| Other Cashflows From Financing Activities | 428.6M | (3.8M) | (23.4M) | (15.8M) | (14.2M) | (13.5M) | |
| Depreciation | 88.1M | 120.7M | 122.1M | 115.8M | 142.2M | 108.0M | |
| Other Non Cash Items | 2.6M | (4.6M) | 9.8M | 4.8M | 11.4M | 8.8M | |
| Capital Expenditures | 111.5M | 82.6M | 107.1M | 122.4M | 68.2M | 90.1M | |
| Total Cash From Operating Activities | 92.7M | 134.5M | 127.7M | 92.6M | 177.0M | 120.9M | |
| Change To Account Receivables | (39.0M) | (2.6M) | (8.3M) | (29.3M) | (23.0M) | (24.1M) | |
| Net Income | 39.4M | 16.6M | (64.6M) | (36.4M) | 12.6M | 13.2M | |
| Total Cash From Financing Activities | 66.6M | (36.2M) | 167.5M | (72.8M) | (104.5M) | (99.3M) | |
| End Period Cash Flow | 73.2M | 75.0M | 205.8M | 78.9M | 67.8M | 87.7M |
Pair Trading with National Energy
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 National Energy 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 National Energy will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
| 0.71 | EFXT | Enerflex | PairCorr |
| 0.7 | KGS | Kodiak Gas Services, | PairCorr |
| 0.69 | TS | Tenaris SA ADR | PairCorr |
| 0.69 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | NGS | Natural Gas Services | PairCorr |
The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy 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 National Energy - 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 National Energy Services to buy it.
The correlation of National Energy 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 National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services 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 National Energy 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.Additional Tools for National Stock Analysis
When running National Energy's price analysis, check to measure National Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.