Nabors Historical Balance Sheet
NBR Stock | USD 73.43 0.08 0.11% |
Trend analysis of Nabors Industries balance sheet accounts such as Total Current Liabilities of 708.6 M provides information on Nabors Industries' total assets, liabilities, and equity, which is the actual value of Nabors Industries to its prevalent stockholders. By breaking down trends over time using Nabors Industries balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Nabors Industries 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 Nabors Industries is a good buy for the upcoming year.
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About Nabors Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Nabors Industries at a specified time, usually calculated after every quarter, six months, or one year. Nabors Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nabors Industries and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Nabors currently owns. An asset can also be divided into two categories, current and non-current.
Nabors Industries Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Nabors Industries assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nabors Industries books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Nabors Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nabors Industries are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from Nabors Industries' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Nabors Industries current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 Nabors Industries. 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 labor statistics. To learn how to invest in Nabors Stock, please use our How to Invest in Nabors Industries guide.At this time, Nabors Industries' Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 12/01/2024, Short Term Debt is likely to grow to about 672.5 M, while Total Current Liabilities is likely to drop slightly above 708.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 3.3B | 2.5B | 3.1B | 2.3B | Total Assets | 5.5B | 4.7B | 5.3B | 5.7B |
Nabors Industries balance sheet Correlations
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Nabors Industries Account Relationship Matchups
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Nabors Industries balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.8B | 5.5B | 5.5B | 4.7B | 5.3B | 5.7B | |
Short Long Term Debt Total | 3.3B | 3.0B | 3.3B | 2.5B | 3.1B | 2.3B | |
Other Current Liab | 258.9M | 224.8M | 206.2M | 237.8M | 154.3M | 216.2M | |
Total Current Liabilities | 656.5M | 515.5M | 525.2M | 596.4M | 1.2B | 708.6M | |
Total Stockholder Equity | 2.0B | 1.2B | 590.7M | 369.0M | 326.6M | 310.3M | |
Property Plant And Equipment Net | 4.9B | 4.0B | 3.3B | 3.0B | 2.9B | 3.8B | |
Net Debt | 2.9B | 2.5B | 2.3B | 2.1B | 2.1B | 1.9B | |
Retained Earnings | (104.8M) | (946.1M) | (1.5B) | (1.8B) | (1.9B) | (1.8B) | |
Cash | 436.0M | 472.2M | 991.5M | 451.0M | 1.1B | 1.1B | |
Non Current Assets Total | 5.5B | 4.4B | 4.0B | 3.7B | 3.6B | 4.4B | |
Non Currrent Assets Other | 553.1M | 139.1M | 416.4M | 445.8M | 494.7M | 280.1M | |
Cash And Short Term Investments | 452.5M | 481.7M | 991.5M | 452.3M | 1.1B | 1.1B | |
Net Receivables | 453.0M | 363.0M | 287.6M | 327.4M | 347.8M | 554.2M | |
Common Stock Shares Outstanding | 7.0M | 7.1M | 7.6M | 8.9M | 9.2M | 5.4M | |
Liabilities And Stockholders Equity | 6.8B | 5.5B | 5.5B | 4.7B | 5.3B | 5.7B | |
Non Current Liabilities Total | 3.6B | 3.3B | 3.6B | 2.9B | 2.8B | 2.5B | |
Other Current Assets | 340.6M | 270.2M | 222.2M | 220.9M | 79.9M | 75.9M | |
Other Stockholder Equity | 2.1B | 2.1B | 2.1B | 2.2B | 2.2B | 1.1B | |
Total Liab | 4.3B | 3.8B | 4.1B | 3.5B | 4.0B | 3.3B | |
Property Plant And Equipment Gross | 13.2B | 4.0B | 12.3B | 12.3B | 12.6B | 6.4B | |
Total Current Assets | 1.2B | 1.1B | 1.5B | 1.0B | 1.6B | 1.3B | |
Accumulated Other Comprehensive Income | (11.8M) | (11.1M) | (10.6M) | (11.0M) | (10.8M) | (10.3M) | |
Short Term Debt | 13.5M | 8.3M | 5.4M | 6.8M | 640.5M | 672.5M | |
Inventory | 176.3M | 160.6M | 126.4M | 127.9M | 147.8M | 103.0M | |
Accounts Payable | 295.2M | 220.9M | 253.7M | 314.0M | 294.4M | 278.2M | |
Common Stock Total Equity | 416K | 419K | 466K | 525K | 472.5K | 448.9K | |
Short Term Investments | 16.5M | 9.5M | 17K | 1.3M | 12.7M | 12.1M | |
Common Stock | 416K | 419K | 466K | 525K | 527K | 500.7K | |
Other Liab | 261.9M | 319.6M | 343.1M | 352.7M | 405.7M | 322.0M | |
Other Assets | 506.4M | 386.3M | 675.1M | 668.6M | 768.9M | 807.4M | |
Long Term Debt | 3.3B | 3.0B | 3.3B | 2.5B | 2.5B | 3.4B | |
Property Plant Equipment | 4.9B | 4.0B | 3.3B | 3.0B | 3.5B | 6.1B | |
Current Deferred Revenue | 89.1M | 61.5M | 59.8M | 37.8M | 29.2M | 27.8M | |
Noncontrolling Interest In Consolidated Entity | 67.4M | 105.4M | 128.3M | 167.8M | 193.0M | 202.7M | |
Retained Earnings Total Equity | (104.8M) | (946.1M) | (1.5B) | (1.8B) | (1.7B) | (1.6B) | |
Deferred Long Term Liab | 3.1M | 1.6M | 2.8M | 2.9M | 2.6M | 2.4M |
Pair Trading with Nabors Industries
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 Nabors Industries 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 Nabors Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Nabors Stock
Moving against Nabors Stock
0.42 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
0.38 | ICDI | Independence Contract | PairCorr |
0.35 | BORR | Borr Drilling | PairCorr |
The ability to find closely correlated positions to Nabors Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nabors Industries 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 Nabors Industries - 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 Nabors Industries to buy it.
The correlation of Nabors Industries 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 Nabors Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nabors Industries 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 Nabors Industries 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 Nabors Stock Analysis
When running Nabors Industries' price analysis, check to measure Nabors Industries' 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 Nabors Industries is operating at the current time. Most of Nabors Industries' value examination focuses on studying past and present price action to predict the probability of Nabors Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabors Industries' price. Additionally, you may evaluate how the addition of Nabors Industries to your portfolios can decrease your overall portfolio volatility.