NESRW Stock | | | USD 0.48 0.11 18.64% |
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 Long Term Debt and its Short Long Term Debt 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 metropolitan statistical area.
Long Term Debt vs Short Long Term Debt
Long Term Debt vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Energy Services Long Term Debt account and
Short Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between National Energy's Long Term Debt and Short Long Term Debt is 0.49. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Long Term Debt 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 Long Term Debt and Short Long 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 Long Term Debt of National Energy Services are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Long Term Debt i.e., National Energy's Long Term Debt and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that National Energy Services has held for over one year. Long-term debt appears on National Energy Services balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on National Energy Services balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
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 metropolitan statistical area.
Enterprise Value is likely to climb to about 1.7
B in 2024, whereas
Tax Provision is likely to drop slightly above 11
M in 2024.
National Energy fundamental ratios Correlations
Click cells to compare fundamentals
National Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Energy fundamental ratios Accounts
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