Borr Net Invested Capital vs Total Assets Analysis

BORR Stock

USD 3.95 0.09 2.33%

Borr Drilling financial indicator trend analysis is way more than just evaluating Borr Drilling prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Borr Drilling is a good investment. Please check the relationship between Borr Drilling Net Invested Capital and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Borr Drilling. 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.

To learn how to invest in Borr Stock, please use our How to Invest in Borr Drilling guide.

Net Invested Capital vs Total Assets

Net Invested Capital vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Borr Drilling Net Invested Capital account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Borr Drilling's Net Invested Capital and Total Assets is 0.95. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Borr Drilling, assuming nothing else is changed. The correlation between historical values of Borr Drilling's Net Invested Capital and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Borr Drilling are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Invested Capital i.e., Borr Drilling's Net Invested Capital and Total Assets go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Assets

Total assets refers to the total amount of Borr Drilling 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 Borr Drilling 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.

Most indicators from Borr Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Borr Drilling 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Borr Drilling. 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.

To learn how to invest in Borr Stock, please use our How to Invest in Borr Drilling guide.At this time, Borr Drilling's Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Over EBITDA is likely to grow to 9.88, while Issuance Of Capital Stock is likely to drop slightly above 9.1 M.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	119.6M	116.5M	114.9M	109.6M
Interest Income	3.9M	5.4M	4.9M	3.2M

Reconciled Depreciation Interest Income

Borr Drilling fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total
Total Assets		0.75	0.66	0.87	0.84	0.87	1.0	0.96	-0.84	0.82	-0.81	1.0	0.05	-0.47	-0.8	0.89	0.74	0.96	0.98	0.98	0.96	1.0	0.71	0.74	1.0	0.95
Other Current Liab	0.75		0.84	0.53	0.79	0.55	0.72	0.74	-0.9	0.82	-0.42	0.73	-0.08	-0.29	-0.42	0.84	0.93	0.71	0.71	0.78	0.78	0.76	0.89	0.93	0.76	0.77
Total Current Liabilities	0.66	0.84		0.44	0.66	0.44	0.63	0.65	-0.8	0.86	-0.29	0.64	-0.11	-0.17	-0.29	0.69	0.72	0.59	0.65	0.71	0.71	0.65	0.87	0.77	0.68	0.66
Total Stockholder Equity	0.87	0.53	0.44		0.66	1.0	0.87	0.7	-0.56	0.57	-0.62	0.87	0.44	-0.54	-0.6	0.69	0.52	0.71	0.91	0.88	0.71	0.86	0.62	0.53	0.85	0.69
Other Liab	0.84	0.79	0.66	0.66		0.67	0.83	0.82	-0.94	0.9	-0.6	0.83	0.09	-0.53	-0.6	0.98	0.93	0.81	0.83	0.88	0.84	0.85	0.68	0.94	0.85	0.83
Net Tangible Assets	0.87	0.55	0.44	1.0	0.67		0.87	0.71	-0.57	0.57	-0.62	0.87	0.43	-0.54	-0.6	0.69	0.54	0.72	0.91	0.89	0.71	0.87	0.63	0.54	0.86	0.7
Property Plant And Equipment Net	1.0	0.72	0.63	0.87	0.83	0.87		0.96	-0.83	0.81	-0.83	1.0	0.04	-0.47	-0.82	0.89	0.72	0.96	0.98	0.97	0.96	0.99	0.68	0.72	0.99	0.96
Net Debt	0.96	0.74	0.65	0.7	0.82	0.71	0.96		-0.88	0.84	-0.87	0.96	-0.2	-0.37	-0.87	0.89	0.74	1.0	0.9	0.91	1.0	0.96	0.62	0.74	0.96	1.0
Retained Earnings	-0.84	-0.9	-0.8	-0.56	-0.94	-0.57	-0.83	-0.88		-0.95	0.6	-0.83	0.12	0.42	0.6	-0.97	-0.95	-0.86	-0.81	-0.87	-0.91	-0.85	-0.76	-0.96	-0.86	-0.9
Accounts Payable	0.82	0.82	0.86	0.57	0.9	0.57	0.81	0.84	-0.95		-0.51	0.81	-0.02	-0.4	-0.51	0.91	0.86	0.81	0.82	0.87	0.88	0.83	0.79	0.89	0.85	0.84
Cash	-0.81	-0.42	-0.29	-0.62	-0.6	-0.62	-0.83	-0.87	0.6	-0.51		-0.83	0.33	0.19	1.0	-0.67	-0.46	-0.88	-0.71	-0.69	-0.82	-0.8	-0.23	-0.44	-0.78	-0.86
Non Current Assets Total	1.0	0.73	0.64	0.87	0.83	0.87	1.0	0.96	-0.83	0.81	-0.83		0.04	-0.47	-0.82	0.89	0.72	0.96	0.98	0.97	0.96	1.0	0.68	0.73	0.99	0.96
Non Currrent Assets Other	0.05	-0.08	-0.11	0.44	0.09	0.43	0.04	-0.2	0.12	-0.02	0.33	0.04		-0.62	0.36	0.03	-0.04	-0.17	0.2	0.18	-0.17	0.04	0.15	-0.01	0.04	-0.21
Other Assets	-0.47	-0.29	-0.17	-0.54	-0.53	-0.54	-0.47	-0.37	0.42	-0.4	0.19	-0.47	-0.62		0.18	-0.56	-0.36	-0.4	-0.53	-0.54	-0.38	-0.47	-0.26	-0.41	-0.46	-0.37
Cash And Short Term Investments	-0.8	-0.42	-0.29	-0.6	-0.6	-0.6	-0.82	-0.87	0.6	-0.51	1.0	-0.82	0.36	0.18		-0.67	-0.46	-0.88	-0.7	-0.68	-0.82	-0.8	-0.23	-0.44	-0.78	-0.86
Common Stock Total Equity	0.89	0.84	0.69	0.69	0.98	0.69	0.89	0.89	-0.97	0.91	-0.67	0.89	0.03	-0.56	-0.67		0.92	0.89	0.88	0.92	0.91	0.91	0.71	0.93	0.9	0.91
Common Stock Shares Outstanding	0.74	0.93	0.72	0.52	0.93	0.54	0.72	0.74	-0.95	0.86	-0.46	0.72	-0.04	-0.36	-0.46	0.92		0.73	0.72	0.79	0.78	0.76	0.79	0.99	0.76	0.77
Non Current Liabilities Total	0.96	0.71	0.59	0.71	0.81	0.72	0.96	1.0	-0.86	0.81	-0.88	0.96	-0.17	-0.4	-0.88	0.89	0.73		0.9	0.9	0.99	0.96	0.59	0.72	0.96	0.99
Capital Surpluse	0.98	0.71	0.65	0.91	0.83	0.91	0.98	0.9	-0.81	0.82	-0.71	0.98	0.2	-0.53	-0.7	0.88	0.72	0.9		0.99	0.92	0.98	0.75	0.73	0.98	0.89
Other Stockholder Equity	0.98	0.78	0.71	0.88	0.88	0.89	0.97	0.91	-0.87	0.87	-0.69	0.97	0.18	-0.54	-0.68	0.92	0.79	0.9	0.99		0.93	0.98	0.79	0.8	0.98	0.91
Total Liab	0.96	0.78	0.71	0.71	0.84	0.71	0.96	1.0	-0.91	0.88	-0.82	0.96	-0.17	-0.38	-0.82	0.91	0.78	0.99	0.92	0.93		0.97	0.68	0.78	0.97	1.0
Property Plant And Equipment Gross	1.0	0.76	0.65	0.86	0.85	0.87	0.99	0.96	-0.85	0.83	-0.8	1.0	0.04	-0.47	-0.8	0.91	0.76	0.96	0.98	0.98	0.97		0.72	0.76	1.0	0.96
Total Current Assets	0.71	0.89	0.87	0.62	0.68	0.63	0.68	0.62	-0.76	0.79	-0.23	0.68	0.15	-0.26	-0.23	0.71	0.79	0.59	0.75	0.79	0.68	0.72		0.8	0.74	0.63
Common Stock	0.74	0.93	0.77	0.53	0.94	0.54	0.72	0.74	-0.96	0.89	-0.44	0.73	-0.01	-0.41	-0.44	0.93	0.99	0.72	0.73	0.8	0.78	0.76	0.8		0.76	0.77
Property Plant Equipment	1.0	0.76	0.68	0.85	0.85	0.86	0.99	0.96	-0.86	0.85	-0.78	0.99	0.04	-0.46	-0.78	0.9	0.76	0.96	0.98	0.98	0.97	1.0	0.74	0.76		0.95
Short Long Term Debt Total	0.95	0.77	0.66	0.69	0.83	0.7	0.96	1.0	-0.9	0.84	-0.86	0.96	-0.21	-0.37	-0.86	0.91	0.77	0.99	0.89	0.91	1.0	0.96	0.63	0.77	0.95

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Borr Drilling Account Relationship Matchups

Borr Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	3.2B	3.1B	3.0B	3.1B	2.8B
Other Current Liab	155.3M	60.1M	66.9M	217.4M	234.8M	246.6M
Total Current Liabilities	249.7M	96.1M	117.9M	745.6M	360.4M	235.2M
Total Stockholder Equity	1.3B	1.0B	889.9M	897.8M	981.1M	1.1B
Other Liab	86.3M	19.9M	132.1M	156.6M	180.1M	189.1M
Net Tangible Assets	1.3B	1.0B	889.9M	897.8M	1.0B	1.1B
Property Plant And Equipment Net	3.0B	3.0B	2.9B	2.6B	2.6B	2.5B
Net Debt	1.7B	1.9B	1.9B	1.5B	1.6B	1.3B
Retained Earnings	(585.7M)	(882.9M)	(1.1B)	(1.4B)	(1.4B)	(1.3B)
Accounts Payable	14.1M	20.4M	34.7M	47.7M	35.5M	23.6M
Cash	59.1M	19.2M	34.9M	108M	102.3M	65.4M
Non Current Assets Total	3.0B	3.0B	2.9B	2.7B	2.7B	2.5B
Non Currrent Assets Other	15.2M	400K	14.7M	29.5M	103.0M	165.2M
Other Assets	24.7M	16.5M	600K	14.7M	13.2M	10.2M
Long Term Debt	1.7B	1.9B	1.9B	1.2B	1.6B	1.3B
Cash And Short Term Investments	59.1M	19.2M	34.9M	108M	102.5M	66.2M
Common Stock Total Equity	4.8M	5.3M	5.6M	11.1M	12.8M	13.4M
Common Stock Shares Outstanding	53.7M	75.2M	134.7M	178.4M	248.2M	260.6M
Liabilities And Stockholders Equity	3.3B	3.2B	3.1B	3.0B	3.1B	2.8B
Non Current Liabilities Total	1.7B	2.0B	2.1B	1.4B	1.7B	1.4B
Capital Lease Obligations	3.4M	3.1M	700K	500K	575K	1.1M
Inventory	102.2M	18.1M	27.1M	50.5M	(40.5M)	(38.5M)
Other Current Assets	6.1M	39.3M	41.4M	71.3M	77.2M	40.2M
Other Stockholder Equity	1.9B	1.9B	2.0B	2.3B	2.3B	1.9B
Total Liab	2.0B	2.1B	2.2B	2.1B	2.1B	1.7B
Long Term Investments	31.4M	75.1M	19.4M	20.6M	15.7M	29.4M
Property Plant And Equipment Gross	3.0B	3.0B	2.9B	2.6B	3.2B	2.6B
Total Current Assets	277.9M	140.8M	176.2M	349.9M	369.4M	259.4M
Non Current Liabilities Other	26.4M	19.7M	15.2M	14.3M	60.3M	63.3M
Short Term Debt	3.4M	3.1M	700K	446.4M	83.4M	83.7M
Common Stock	5.6M	11.1M	13.8M	23M	26.5M	27.8M
Property Plant Equipment	2.6B	3.0B	3.0B	2.9B	3.3B	2.4B
Short Long Term Debt Total	1.7B	1.9B	1.9B	1.6B	1.7B	1.6B
Net Receivables	110.5M	82.3M	99.9M	170.6M	230.2M	123.6M
Net Invested Capital	3.0B	3.0B	2.8B	2.5B	2.7B	2.9B

Pair Trading with Borr Drilling

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 Borr Drilling 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 Borr Drilling will appreciate offsetting losses from the drop in the long position's value.

Moving together with Borr Stock

0.66	NE	Noble plc	Pair Corr
0.61	PDS	Precision Drilling	Pair Corr

Moving against Borr Stock

0.74	AE	Adams Resources Energy	Pair Corr
0.47	AR	Antero Resources Corp	Pair Corr
0.46	HP	Helmerich and Payne	Pair Corr
0.45	AM	Antero Midstream Partners	Pair Corr

The ability to find closely correlated positions to Borr Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Borr Drilling 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 Borr Drilling - 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 Borr Drilling to buy it.

The correlation of Borr Drilling 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 Borr Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Borr Drilling 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 Borr Drilling 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.

Pair Correlation Correlation Matching

Additional Tools for Borr Stock Analysis

When running Borr Drilling's price analysis, check to measure Borr Drilling'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 Borr Drilling is operating at the current time. Most of Borr Drilling's value examination focuses on studying past and present price action to predict the probability of Borr Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Borr Drilling's price. Additionally, you may evaluate how the addition of Borr Drilling to your portfolios can decrease your overall portfolio volatility.

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