National Free Cash Flow Yield vs Interest Coverage Analysis
NESR Stock | USD 8.72 0.02 0.23% |
National Energy financial indicator trend analysis is infinitely more than just investigating National Energy Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Energy Services is a good investment. Please check the relationship between National Energy Free Cash Flow Yield and its Interest Coverage accounts. 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.
Free Cash Flow Yield vs Interest Coverage
Free Cash Flow Yield vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Energy Services Free Cash Flow Yield account and Interest Coverage. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between National Energy's Free Cash Flow Yield and Interest Coverage is -0.25. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of National Energy Services, assuming nothing else is changed. The correlation between historical values of National Energy's Free Cash Flow Yield and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of National Energy Services are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Free Cash Flow Yield i.e., National Energy's Free Cash Flow Yield and Interest Coverage go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Interest Coverage
Most indicators from National Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is relatively stable compared to the past year. As of 12/12/2024, Enterprise Value is likely to grow to about 1.7 B, while Tax Provision is likely to drop slightly above 10.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15.2M | 34.1M | 45.8M | 48.1M | Depreciation And Amortization | 122.1M | 142.2M | 163.6M | 104.7M |
National Energy fundamental ratios Correlations
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National Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 87.0M | 89.1M | 91.0M | 94.0M | 94.7M | 119.7M | |
Total Assets | 1.5B | 1.7B | 1.8B | 1.8B | 1.8B | 1.6B | |
Other Current Liab | 25.6M | 104.2M | 17.8M | 26.2M | 31.1M | 36.0M | |
Total Current Liabilities | 228.1M | 359.4M | 431.9M | 544.1M | 533.4M | 365.1M | |
Total Stockholder Equity | 886.5M | 944.4M | 821.0M | 802.3M | 821.5M | 836.9M | |
Current Deferred Revenue | 83.9M | 94.5M | 12.4M | 14.9M | 13.4M | 12.7M | |
Net Debt | 310.3M | 323.5M | 390.1M | 456.2M | 416.9M | 341.5M | |
Retained Earnings | 67.7M | 117.7M | (35.8M) | (75.0M) | (62.4M) | (59.3M) | |
Accounts Payable | 65.7M | 144.6M | 314.6M | 353.5M | 351.2M | 204.2M | |
Cash | 73.2M | 75.0M | 205.8M | 78.9M | 67.8M | 82.7M | |
Non Current Assets Total | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B | 1.1B | |
Non Currrent Assets Other | 2.4M | 2.8M | 11.7M | 51.5M | 52.3M | 40.9M | |
Long Term Debt | 330.6M | 319.7M | 508.8M | 391.9M | 331.6M | 331.2M | |
Cash And Short Term Investments | 73.2M | 75.0M | 205.8M | 67.8M | 78.0M | 82.0M | |
Good Will | 570.5M | 574.8M | 620.9M | 645.1M | 741.9M | 581.7M | |
Liabilities And Stockholders Equity | 1.5B | 1.7B | 1.8B | 1.8B | 2.1B | 1.5B | |
Non Current Liabilities Total | 407.8M | 383.3M | 578.4M | 481.9M | 442.8M | 407.4M | |
Inventory | 78.8M | 94.3M | 93.9M | 110.5M | 98.4M | 83.9M | |
Other Current Assets | 52.4M | 15.4M | 12.5M | 16.7M | 20.0M | 17.4M | |
Total Liab | 635.9M | 742.6M | 1.0B | 1.0B | 976.2M | 772.5M | |
Net Invested Capital | 1.3B | 1.3B | 1.4B | 1.3B | 1.3B | 1.3B | |
Short Long Term Debt | 53.0M | 80.1M | 87.1M | 143.2M | 120.6M | 88.2M | |
Total Current Assets | 403.2M | 515.2M | 627.4M | 537.8M | 541.7M | 459.8M | |
Accumulated Other Comprehensive Income | 48K | 29K | 64K | 69K | 79.4K | 51.2K | |
Non Current Liabilities Other | 34.2M | 37.9M | 37.2M | 40.6M | 57.2M | 46.3M | |
Net Working Capital | 175.1M | 152.3M | 195.5M | (6.3M) | 8.3M | 7.9M | |
Short Term Debt | 53.0M | 89.9M | 87.1M | 128.0M | 147.2M | 79.7M | |
Intangible Assets | 122.7M | 110.4M | 121.6M | 102.9M | 84.3M | 106.9M | |
Common Stock | 818.8M | 826.6M | 856.8M | 883.9M | 1.0B | 808.4M | |
Short Long Term Debt Total | 383.5M | 398.5M | 595.8M | 484.7M | 557.5M | 476.2M | |
Property Plant And Equipment Net | 419.3M | 437.7M | 425.5M | 491.0M | 474.3M | 472.4M | |
Net Receivables | 189.2M | 330.5M | 315.3M | 148.7M | 355.5M | 277.5M | |
Property Plant And Equipment Gross | 419.3M | 458.5M | 659.1M | 814.4M | 895.1M | 655.4M |
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.