Capital Total Current Assets vs Net Debt Analysis

CAPD Stock

82.00 1.60 1.91%

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

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Capital Drilling Total Current Assets account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Capital Drilling's Total Current Assets and Net Debt is 0.87. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Capital Drilling, assuming nothing else is changed. The correlation between historical values of Capital Drilling's Total Current Assets and Net 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 Total Current Assets of Capital Drilling are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Capital Drilling's Total Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Capital Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capital 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 Capital 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 board of governors.

Selling General Administrative is likely to gain to about 47.3 M in 2024, whereas Tax Provision is likely to drop slightly above 8.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	3.8M	6.9M	12.9M	13.6M
Depreciation And Amortization	21.4M	30.4M	39.3M	41.3M

Interest Expense Depreciation And Amortization

Capital Drilling fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Non Currrent Assets Other	Other Assets	Long Term Debt
Total Assets		0.98	0.01	0.97	0.99	0.99	0.92	0.99	0.96	0.7	0.99	0.93	0.79	0.85	0.97	0.97	0.43	0.93	0.99	0.95	0.99	0.92	0.82	0.16	0.85	0.97
Short Long Term Debt Total	0.98		-0.18	0.94	0.95	0.99	0.98	0.97	0.96	0.57	0.99	0.86	0.73	0.81	0.99	0.96	0.41	0.84	0.99	0.98	0.94	0.95	0.73	0.27	0.78	0.98
Other Current Liab	0.01	-0.18		0.09	0.06	-0.11	-0.3	-0.02	-0.17	0.48	-0.1	0.32	0.27	0.14	-0.19	-0.18	0.14	0.3	-0.05	-0.24	0.13	-0.16	0.36	-0.53	0.26	-0.15
Total Current Liabilities	0.97	0.94	0.09		0.96	0.95	0.88	0.94	0.95	0.72	0.95	0.95	0.8	0.84	0.91	0.92	0.4	0.92	0.98	0.91	0.98	0.94	0.83	0.05	0.9	0.9
Total Stockholder Equity	0.99	0.95	0.06	0.96		0.98	0.89	0.99	0.93	0.73	0.98	0.94	0.79	0.85	0.95	0.97	0.44	0.94	0.97	0.92	0.99	0.89	0.83	0.14	0.85	0.95
Property Plant And Equipment Net	0.99	0.99	-0.11	0.95	0.98		0.96	0.99	0.96	0.63	1.0	0.88	0.75	0.82	0.98	0.98	0.44	0.88	0.99	0.97	0.97	0.93	0.76	0.23	0.81	0.98
Net Debt	0.92	0.98	-0.3	0.88	0.89	0.96		0.92	0.93	0.42	0.96	0.76	0.64	0.77	0.97	0.93	0.41	0.73	0.95	0.96	0.87	0.94	0.64	0.39	0.69	0.96
Retained Earnings	0.99	0.97	-0.02	0.94	0.99	0.99	0.92		0.93	0.67	0.99	0.91	0.75	0.85	0.96	0.98	0.42	0.9	0.97	0.94	0.98	0.9	0.78	0.22	0.82	0.96
Accounts Payable	0.96	0.96	-0.17	0.95	0.93	0.96	0.93	0.93		0.63	0.96	0.85	0.73	0.78	0.95	0.96	0.37	0.85	0.98	0.95	0.94	0.92	0.75	0.16	0.81	0.94
Cash	0.7	0.57	0.48	0.72	0.73	0.63	0.42	0.67	0.63		0.63	0.84	0.88	0.71	0.57	0.62	0.33	0.86	0.66	0.53	0.77	0.49	0.88	-0.33	0.77	0.59
Non Current Assets Total	0.99	0.99	-0.1	0.95	0.98	1.0	0.96	0.99	0.96	0.63		0.89	0.75	0.83	0.98	0.98	0.43	0.88	0.99	0.97	0.97	0.94	0.77	0.23	0.81	0.98
Cash And Short Term Investments	0.93	0.86	0.32	0.95	0.94	0.88	0.76	0.91	0.85	0.84	0.89		0.85	0.84	0.84	0.84	0.34	0.96	0.91	0.81	0.97	0.81	0.9	-0.05	0.91	0.85
Common Stock Total Equity	0.79	0.73	0.27	0.8	0.79	0.75	0.64	0.75	0.73	0.88	0.75	0.85		0.86	0.73	0.7	0.44	0.85	0.78	0.67	0.82	0.65	0.97	-0.12	0.79	0.75
Common Stock Shares Outstanding	0.85	0.81	0.14	0.84	0.85	0.82	0.77	0.85	0.78	0.71	0.83	0.84	0.86		0.79	0.81	0.33	0.78	0.83	0.71	0.85	0.77	0.86	0.27	0.73	0.8
Non Current Liabilities Total	0.97	0.99	-0.19	0.91	0.95	0.98	0.97	0.96	0.95	0.57	0.98	0.84	0.73	0.79		0.96	0.42	0.83	0.98	0.97	0.94	0.9	0.74	0.29	0.75	1.0
Inventory	0.97	0.96	-0.18	0.92	0.97	0.98	0.93	0.98	0.96	0.62	0.98	0.84	0.7	0.81	0.96		0.38	0.86	0.96	0.94	0.94	0.89	0.72	0.28	0.75	0.96
Other Current Assets	0.43	0.41	0.14	0.4	0.44	0.44	0.41	0.42	0.37	0.33	0.43	0.34	0.44	0.33	0.42	0.38		0.5	0.42	0.36	0.43	0.37	0.43	-0.17	0.34	0.45
Other Stockholder Equity	0.93	0.84	0.3	0.92	0.94	0.88	0.73	0.9	0.85	0.86	0.88	0.96	0.85	0.78	0.83	0.86	0.5		0.9	0.8	0.96	0.77	0.9	-0.12	0.87	0.85
Total Liab	0.99	0.99	-0.05	0.98	0.97	0.99	0.95	0.97	0.98	0.66	0.99	0.91	0.78	0.83	0.98	0.96	0.42	0.9		0.96	0.98	0.94	0.8	0.18	0.84	0.97
Property Plant And Equipment Gross	0.95	0.98	-0.24	0.91	0.92	0.97	0.96	0.94	0.95	0.53	0.97	0.81	0.67	0.71	0.97	0.94	0.36	0.8	0.96		0.91	0.94	0.65	0.25	0.75	0.95
Total Current Assets	0.99	0.94	0.13	0.98	0.99	0.97	0.87	0.98	0.94	0.77	0.97	0.97	0.82	0.85	0.94	0.94	0.43	0.96	0.98	0.91		0.88	0.86	0.07	0.88	0.94
Short Term Debt	0.92	0.95	-0.16	0.94	0.89	0.93	0.94	0.9	0.92	0.49	0.94	0.81	0.65	0.77	0.9	0.89	0.37	0.77	0.94	0.94	0.88		0.65	0.22	0.8	0.88
Common Stock	0.82	0.73	0.36	0.83	0.83	0.76	0.64	0.78	0.75	0.88	0.77	0.9	0.97	0.86	0.74	0.72	0.43	0.9	0.8	0.65	0.86	0.65		-0.16	0.83	0.76
Non Currrent Assets Other	0.16	0.27	-0.53	0.05	0.14	0.23	0.39	0.22	0.16	-0.33	0.23	-0.05	-0.12	0.27	0.29	0.28	-0.17	-0.12	0.18	0.25	0.07	0.22	-0.16		-0.29	0.27
Other Assets	0.85	0.78	0.26	0.9	0.85	0.81	0.69	0.82	0.81	0.77	0.81	0.91	0.79	0.73	0.75	0.75	0.34	0.87	0.84	0.75	0.88	0.8	0.83	-0.29		0.75
Long Term Debt	0.97	0.98	-0.15	0.9	0.95	0.98	0.96	0.96	0.94	0.59	0.98	0.85	0.75	0.8	1.0	0.96	0.45	0.85	0.97	0.95	0.94	0.88	0.76	0.27	0.75

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Capital Drilling Account Relationship Matchups

Capital Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	128.3M	226.3M	351.5M	386.8M	467.7M	491.1M
Short Long Term Debt Total	13.9M	31.4M	72.0M	91.2M	132.0M	138.6M
Other Current Liab	10.6M	19.8M	24.4M	4.1M	487.0K	462.7K
Total Current Liabilities	38.1M	51.8M	75.6M	78.9M	95.9M	100.7M
Total Stockholder Equity	85.7M	146.7M	219.2M	233.3M	263.9M	277.1M
Property Plant And Equipment Net	53.5M	89.6M	153.4M	189.3M	238.3M	250.3M
Net Debt	(3.7M)	(4.3M)	41.5M	62.8M	97.7M	102.5M
Retained Earnings	62.0M	84.4M	154.9M	168.7M	195.5M	205.3M
Accounts Payable	12.5M	19.9M	22.1M	43.5M	50.7M	53.2M
Cash	17.6M	35.7M	30.6M	28.4M	34.4M	18.3M
Non Current Assets Total	55.1M	91.1M	162.4M	199.0M	250.0M	262.5M
Cash And Short Term Investments	30.2M	62.9M	90.7M	67.1M	81.5M	85.6M
Common Stock Total Equity	13.5K	13.6K	13.6K	18.9K	21.7K	15.4K
Common Stock Shares Outstanding	137.6M	140.0M	192.8M	195.9M	195.3M	157.7M
Liabilities And Stockholders Equity	128.3M	226.3M	351.5M	386.8M	467.7M	491.1M
Non Current Liabilities Total	3.3M	26.5M	53.0M	69.0M	98.7M	103.7M
Inventory	17.5M	24.7M	37.9M	58.7M	61.9M	65.0M
Other Current Assets	6.9M	28.8M	18.2M	20.5M	24.7M	15.5M
Other Stockholder Equity	22.5M	62.3M	60.9M	59.9M	62.4M	65.5M
Total Liab	41.4M	78.3M	128.6M	147.9M	194.6M	204.3M
Property Plant And Equipment Gross	53.5M	89.6M	153.4M	189.3M	376.9M	395.8M
Total Current Assets	73.2M	135.2M	189.1M	187.8M	217.8M	228.6M
Accumulated Other Comprehensive Income	1.2M	2.1M	3.4M	4.7M	6.0M	6.3M
Short Term Debt	10.6M	4.9M	19.1M	22.2M	35.4M	37.2M
Common Stock	13.6K	18.9K	19.0K	19.3K	19K	16.4K
Non Currrent Assets Other	(1.0)	(55.1M)	(91.1M)	6.5M	9.8M	10.2M
Long Term Debt	2.9M	26.1M	45.6M	56.9M	75.5M	79.3M
Net Receivables	18.6M	18.9M	42.2M	41.5M	49.6M	52.0M
Good Will	32.4M	20.0M	1.3M	1.3M	1.3M	1.2M
Intangible Assets	303.2K	276.2K	1.3M	1.9M	604K	573.8K
Property Plant Equipment	53.5M	89.6M	153.4M	189.3M	217.7M	228.6M
Net Tangible Assets	84.2M	145.1M	216.6M	230.1M	264.6M	277.9M
Short Long Term Debt	10.3M	4.6M	16.9M	18.0M	27.1M	28.4M
Other Liab	9.3K	31.5K	13.8K	34.2K	30.8K	29.2K
Short Term Investments	12.5M	27.2M	60.2M	38.7M	47.2M	49.5M
Net Invested Capital	98.9M	177.4M	281.6M	308.2M	366.5M	219.9M
Net Working Capital	35.1M	83.4M	113.5M	108.9M	121.9M	85.7M

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Capital Total Current Assets vs Net Debt Analysis

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Debt

Capital Drilling fundamental ratios Correlations

Capital Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Capital Drilling fundamental ratios Accounts

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Long Term Debt	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.53	Other Current Liab
Non Currrent Assets Other	- 0.33	Cash
Net Debt	- 0.3	Other Current Liab
Other Assets	- 0.29	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.24	Other Current Liab
Non Current Liabilities Total	- 0.19	Other Current Liab