National Total Liab vs Common Stock Analysis

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 Total Liab and its Common Stock 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.

Total Liab vs Common Stock

Total Liab vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Energy Services Total Liab account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between National Energy's Total Liab and Common Stock is 0.71. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Common Stock 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 Total Liab and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of National Energy Services are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Liab i.e., National Energy's Total Liab and Common Stock go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Common Stock

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.
 2021 2022 2023 2024 (projected)
Cost Of Revenue892.0M844.0M1.0B720.4M
EBITDA76.7M217.9M250.6M153.5M

National Energy fundamental ratios Correlations

0.960.98-0.080.870.831.0-0.970.990.990.991.00.99-0.980.610.82-0.920.830.730.690.750.90.90.90.550.72
0.960.89-0.270.960.790.95-0.860.940.950.990.940.97-0.890.430.93-0.910.830.710.710.850.920.910.950.740.81
0.980.890.090.750.760.99-0.990.990.950.930.990.95-1.00.670.7-0.870.730.650.650.640.840.850.820.410.62
-0.08-0.270.09-0.47-0.16-0.06-0.12-0.05-0.13-0.2-0.01-0.1-0.070.53-0.550.05-0.32-0.21-0.01-0.49-0.12-0.04-0.28-0.63-0.59
0.870.960.75-0.470.80.85-0.720.830.890.940.830.9-0.750.30.97-0.850.860.740.690.890.880.850.930.810.84
0.830.790.76-0.160.80.79-0.770.780.890.850.820.88-0.770.730.73-0.820.970.980.70.610.770.80.780.350.62
1.00.950.99-0.060.850.79-0.971.00.980.981.00.98-0.980.60.8-0.90.790.690.660.730.890.890.880.540.71
-0.97-0.86-0.99-0.12-0.72-0.77-0.97-0.98-0.95-0.92-0.98-0.941.0-0.72-0.650.84-0.73-0.67-0.62-0.58-0.8-0.82-0.77-0.35-0.57
0.990.940.99-0.050.830.781.0-0.980.970.971.00.97-0.990.60.78-0.880.780.680.660.710.870.870.860.510.7
0.990.950.95-0.130.890.890.98-0.950.970.990.980.99-0.960.650.84-0.930.890.810.690.730.90.910.90.520.72
0.990.990.93-0.20.940.850.98-0.920.970.990.970.99-0.930.550.89-0.930.870.770.70.80.920.920.940.640.77
1.00.940.99-0.010.830.821.0-0.981.00.980.970.98-0.990.660.77-0.90.810.730.670.690.880.890.870.480.68
0.990.970.95-0.10.90.880.98-0.940.970.990.990.98-0.950.630.84-0.940.880.80.740.770.920.930.920.560.74
-0.98-0.89-1.0-0.07-0.75-0.77-0.981.0-0.99-0.96-0.93-0.99-0.95-0.68-0.70.85-0.75-0.66-0.61-0.61-0.81-0.83-0.8-0.41-0.61
0.610.430.670.530.30.730.6-0.720.60.650.550.660.63-0.680.17-0.60.580.680.490.110.520.60.37-0.240.04
0.820.930.7-0.550.970.730.8-0.650.780.840.890.770.84-0.70.17-0.830.840.670.590.880.850.820.950.860.91
-0.92-0.91-0.870.05-0.85-0.82-0.90.84-0.88-0.93-0.93-0.9-0.940.85-0.6-0.83-0.85-0.76-0.73-0.76-0.98-0.99-0.94-0.52-0.69
0.830.830.73-0.320.860.970.79-0.730.780.890.870.810.88-0.750.580.84-0.850.950.640.680.810.820.860.490.74
0.730.710.65-0.210.740.980.69-0.670.680.810.770.730.8-0.660.680.67-0.760.950.710.60.720.740.710.290.61
0.690.710.65-0.010.690.70.66-0.620.660.690.70.670.74-0.610.490.59-0.730.640.710.810.780.730.690.380.64
0.750.850.64-0.490.890.610.73-0.580.710.730.80.690.77-0.610.110.88-0.760.680.60.810.840.750.840.760.9
0.90.920.84-0.120.880.770.89-0.80.870.90.920.880.92-0.810.520.85-0.980.810.720.780.840.990.930.560.72
0.90.910.85-0.040.850.80.89-0.820.870.910.920.890.93-0.830.60.82-0.990.820.740.730.750.990.920.520.65
0.90.950.82-0.280.930.780.88-0.770.860.90.940.870.92-0.80.370.95-0.940.860.710.690.840.930.920.760.86
0.550.740.41-0.630.810.350.54-0.350.510.520.640.480.56-0.41-0.240.86-0.520.490.290.380.760.560.520.760.78
0.720.810.62-0.590.840.620.71-0.570.70.720.770.680.74-0.610.040.91-0.690.740.610.640.90.720.650.860.78
Click cells to compare fundamentals

National Energy Account Relationship Matchups

National Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.7B1.8B1.8B1.8B1.6B
Other Current Liab25.6M104.2M17.8M26.2M31.1M36.9M
Total Current Liabilities228.1M359.4M431.9M544.1M533.4M365.1M
Total Stockholder Equity886.5M944.4M821.0M802.3M821.5M836.9M
Retained Earnings67.7M117.7M(35.8M)(75.0M)(62.4M)(59.3M)
Accounts Payable65.7M144.6M314.6M353.5M351.2M204.2M
Cash73.2M75.0M205.8M78.9M67.8M82.7M
Non Current Assets Total1.1B1.2B1.2B1.3B1.3B1.1B
Non Currrent Assets Other2.4M2.8M11.7M51.5M52.3M40.9M
Common Stock Shares Outstanding87.2M89.1M91.0M94.0M94.7M89.6M
Non Current Liabilities Total407.8M383.3M578.4M481.9M442.8M407.4M
Other Current Assets52.4M15.4M12.5M16.7M20.0M19.3M
Total Liab635.9M742.6M1.0B1.0B976.2M772.5M
Net Invested Capital1.3B1.3B1.4B1.3B1.3B1.3B
Total Current Assets403.2M515.2M627.4M537.8M541.7M459.8M
Non Current Liabilities Other34.2M32.1M37.2M40.6M57.2M45.6M
Net Working Capital175.1M155.9M195.5M(6.3M)8.3M7.9M
Net Debt310.3M323.5M390.1M456.2M416.9M398.6M
Long Term Debt330.6M308.6M508.8M391.9M331.6M384.4M
Cash And Short Term Investments73.2M75.0M205.8M67.8M78.0M98.3M
Net Receivables175.1M330.5M315.3M148.7M355.5M271.9M
Inventory78.8M94.3M93.9M110.5M98.4M97.9M
Short Long Term Debt53.0M89.9M87.1M143.2M120.6M104.6M
Short Term Debt38.0M89.9M87.1M128.0M147.2M82.4M
Intangible Assets122.7M110.4M121.6M102.9M84.3M90.7M

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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.