Nabors Free Cash Flow vs Investments Analysis

NBR Stock

USD 77.30 1.87 2.48%

Nabors Industries financial indicator trend analysis is infinitely more than just investigating Nabors Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nabors Industries is a good investment. Please check the relationship between Nabors Industries Free Cash Flow and its Investments accounts. 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.

Free Cash Flow vs Investments

Free Cash Flow vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nabors Industries Free Cash Flow account and Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Nabors Industries' Free Cash Flow and Investments is -0.17. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Investments in the same time period over historical financial statements of Nabors Industries, assuming nothing else is changed. The correlation between historical values of Nabors Industries' Free Cash Flow and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Nabors Industries are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Free Cash Flow i.e., Nabors Industries' Free Cash Flow and Investments go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Most indicators from Nabors Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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' Selling General Administrative is relatively stable compared to the past year. As of 11/25/2024, Discontinued Operations is likely to grow to about 24.1 K, while Enterprise Value Over EBITDA is likely to drop 2.81.

	2021	2022	2023	2024 (projected)
Interest Expense	171.5M	177.9M	185.3M	130.6M
Depreciation And Amortization	693.4M	665.1M	645.3M	369.7M

Interest Expense Depreciation And Amortization

Nabors Industries 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Inventory	Accounts Payable	Common Stock Total Equity	Short Term Investments	Intangible Assets
Total Assets		0.9	0.98	0.87	0.94	0.99	0.93	0.85	-0.06	0.99	-0.08	0.06	0.95	0.17	0.96	0.93	-0.03	0.97	0.73	0.92	-0.14	0.9	0.87	-0.61	0.67	0.74
Short Long Term Debt Total	0.9		0.84	0.81	0.76	0.88	0.97	0.61	0.11	0.9	0.26	0.19	0.76	0.48	0.97	0.82	0.33	0.97	0.85	0.82	-0.12	0.9	0.78	-0.82	0.44	0.47
Other Current Liab	0.98	0.84		0.85	0.95	0.97	0.89	0.86	-0.14	0.97	-0.17	-0.03	0.96	0.12	0.92	0.95	-0.08	0.94	0.67	0.9	-0.19	0.88	0.88	-0.54	0.66	0.79
Total Current Liabilities	0.87	0.81	0.85		0.76	0.83	0.79	0.67	0.16	0.84	-0.06	0.21	0.88	0.28	0.81	0.74	0.03	0.89	0.69	0.89	0.21	0.85	0.91	-0.55	0.49	0.61
Total Stockholder Equity	0.94	0.76	0.95	0.76		0.96	0.84	0.97	-0.33	0.95	-0.21	-0.2	0.92	-0.09	0.86	0.94	-0.24	0.87	0.59	0.83	-0.32	0.78	0.77	-0.35	0.74	0.86
Property Plant And Equipment Net	0.99	0.88	0.97	0.83	0.96		0.94	0.88	-0.15	1.0	-0.06	-0.03	0.93	0.11	0.95	0.94	-0.07	0.95	0.7	0.87	-0.21	0.86	0.83	-0.58	0.63	0.72
Net Debt	0.93	0.97	0.89	0.79	0.84	0.94		0.72	-0.07	0.95	0.22	0.02	0.8	0.33	0.98	0.87	0.19	0.96	0.8	0.79	-0.22	0.87	0.78	-0.75	0.48	0.54
Retained Earnings	0.85	0.61	0.86	0.67	0.97	0.88	0.72		-0.48	0.86	-0.28	-0.36	0.86	-0.31	0.74	0.85	-0.44	0.75	0.46	0.72	-0.38	0.64	0.67	-0.14	0.7	0.86
Cash	-0.06	0.11	-0.14	0.16	-0.33	-0.15	-0.07	-0.48		-0.13	0.1	0.98	-0.07	0.55	0.0	-0.25	0.44	0.04	0.11	0.18	0.75	0.1	0.08	-0.42	-0.13	-0.32
Non Current Assets Total	0.99	0.9	0.97	0.84	0.95	1.0	0.95	0.86	-0.13		-0.02	-0.01	0.92	0.14	0.96	0.93	-0.04	0.96	0.73	0.87	-0.19	0.86	0.83	-0.61	0.62	0.72
Non Currrent Assets Other	-0.08	0.26	-0.17	-0.06	-0.21	-0.06	0.22	-0.28	0.1	-0.02		0.04	-0.3	0.48	0.08	-0.18	0.52	0.05	0.49	-0.25	0.0	-0.07	-0.17	-0.45	-0.43	-0.43
Cash And Short Term Investments	0.06	0.19	-0.03	0.21	-0.2	-0.03	0.02	-0.36	0.98	-0.01	0.04		0.05	0.54	0.11	-0.12	0.41	0.14	0.18	0.31	0.7	0.2	0.14	-0.46	0.06	-0.18
Net Receivables	0.95	0.76	0.96	0.88	0.92	0.93	0.8	0.86	-0.07	0.92	-0.3	0.05		0.01	0.86	0.91	-0.19	0.89	0.58	0.94	-0.08	0.87	0.93	-0.41	0.71	0.81
Common Stock Shares Outstanding	0.17	0.48	0.12	0.28	-0.09	0.11	0.33	-0.31	0.55	0.14	0.48	0.54	0.01		0.34	0.11	0.92	0.34	0.57	0.23	0.21	0.4	0.21	-0.8	-0.16	-0.29
Non Current Liabilities Total	0.96	0.97	0.92	0.81	0.86	0.95	0.98	0.74	0.0	0.96	0.08	0.11	0.86	0.34		0.91	0.18	0.99	0.8	0.87	-0.22	0.91	0.83	-0.73	0.56	0.59
Other Current Assets	0.93	0.82	0.95	0.74	0.94	0.94	0.87	0.85	-0.25	0.93	-0.18	-0.12	0.91	0.11	0.91		0.0	0.9	0.65	0.87	-0.4	0.89	0.83	-0.47	0.69	0.77
Other Stockholder Equity	-0.03	0.33	-0.08	0.03	-0.24	-0.07	0.19	-0.44	0.44	-0.04	0.52	0.41	-0.19	0.92	0.18	0.0		0.14	0.41	0.03	0.04	0.26	0.02	-0.65	-0.28	-0.41
Total Liab	0.97	0.97	0.94	0.89	0.87	0.95	0.96	0.75	0.04	0.96	0.05	0.14	0.89	0.34	0.99	0.9	0.14		0.8	0.91	-0.12	0.93	0.88	-0.71	0.57	0.62
Property Plant And Equipment Gross	0.73	0.85	0.67	0.69	0.59	0.7	0.8	0.46	0.11	0.73	0.49	0.18	0.58	0.57	0.8	0.65	0.41	0.8		0.65	-0.12	0.7	0.65	-0.73	0.29	0.34
Total Current Assets	0.92	0.82	0.9	0.89	0.83	0.87	0.79	0.72	0.18	0.87	-0.25	0.31	0.94	0.23	0.87	0.87	0.03	0.91	0.65		0.04	0.92	0.9	-0.53	0.75	0.74
Short Term Debt	-0.14	-0.12	-0.19	0.21	-0.32	-0.21	-0.22	-0.38	0.75	-0.19	0.0	0.7	-0.08	0.21	-0.22	-0.4	0.04	-0.12	-0.12	0.04		-0.06	0.0	-0.12	-0.11	-0.2
Inventory	0.9	0.9	0.88	0.85	0.78	0.86	0.87	0.64	0.1	0.86	-0.07	0.2	0.87	0.4	0.91	0.89	0.26	0.93	0.7	0.92	-0.06		0.88	-0.66	0.62	0.6
Accounts Payable	0.87	0.78	0.88	0.91	0.77	0.83	0.78	0.67	0.08	0.83	-0.17	0.14	0.93	0.21	0.83	0.83	0.02	0.88	0.65	0.9	0.0	0.88		-0.5	0.52	0.62
Common Stock Total Equity	-0.61	-0.82	-0.54	-0.55	-0.35	-0.58	-0.75	-0.14	-0.42	-0.61	-0.45	-0.46	-0.41	-0.8	-0.73	-0.47	-0.65	-0.71	-0.73	-0.53	-0.12	-0.66	-0.5		-0.09	-0.03
Short Term Investments	0.67	0.44	0.66	0.49	0.74	0.63	0.48	0.7	-0.13	0.62	-0.43	0.06	0.71	-0.16	0.56	0.69	-0.28	0.57	0.29	0.75	-0.11	0.62	0.52	-0.09		0.87
Intangible Assets	0.74	0.47	0.79	0.61	0.86	0.72	0.54	0.86	-0.32	0.72	-0.43	-0.18	0.81	-0.29	0.59	0.77	-0.41	0.62	0.34	0.74	-0.2	0.6	0.62	-0.03	0.87

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Nabors Industries Account Relationship Matchups

Nabors Industries fundamental ratios 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

0.85

Helmerich and Payne

Pair Corr

Moving against Nabors Stock

0.32

SOC

Sable Offshore Corp Symbol Change

Pair Corr

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.

Pair Correlation Correlation Matching

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.

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