National Historical Balance Sheet

NESR Stock

USD 8.52 0.28 3.18%

Trend analysis of National Energy Services balance sheet accounts such as Total Current Liabilities of 365.1 M provides information on National Energy's total assets, liabilities, and equity, which is the actual value of National Energy Services to its prevalent stockholders. By breaking down trends over time using National Energy 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.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining National Energy Services 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 National Energy Services is a good buy for the upcoming year.

National Energy Inventory

83.93 Million

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 state.

About National Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of National Energy Services at a specified time, usually calculated after every quarter, six months, or one year. National Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of National Energy 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 National currently owns. An asset can also be divided into two categories, current and non-current.

National Energy Balance Sheet Chart

At this time, National Energy's Capital Stock is relatively stable compared to the past year.

Common Stock Shares Outstanding Total Current Liabilities Total Stockholder Equity Short Long Term Debt Long Term Debt Total Capital Lease Obligations

Add Fundamental

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Current Liabilities

Total Current Liabilities is an item on National Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of National Energy Services 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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Capital Lease Obligations

National Energy Services capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to National Energy asset purchases. For example, National Energy can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as National Energy control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Most accounts from National Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 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 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 state.

At this time, National Energy's Capital Stock is relatively stable compared to the past year.

	2021	2022	2023	2024 (projected)
Total Stockholder Equity	821.0M	802.3M	821.5M	836.9M
Total Current Liabilities	431.9M	544.1M	533.4M	365.1M

Total Stockholder Equity Total Current Liabilities

National Energy balance sheet Correlations

	Common Stock Shares Outstanding	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Warrants	Current Deferred Revenue	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	Retained Earnings Total Equity	Non Current Liabilities Total	Other Current Assets	Total Liab	Deferred Long Term Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Preferred Stock Total Equity
Common Stock Shares Outstanding		0.21	0.14	0.27	-0.29	0.11	-0.04	0.24	0.21	0.07	0.05	0.04	0.24	-0.3	-0.28	0.04	0.27	0.02	0.17	0.33	0.16	-0.04	0.23	-0.04	0.21	-0.04
Total Assets	0.21		0.96	0.98	-0.98	0.97	-0.4	0.59	0.99	-0.08	0.87	0.83	1.0	-0.97	-0.99	0.82	0.99	0.43	0.99	0.72	0.99	-0.4	1.0	-0.4	0.95	-0.4
Total Current Liabilities	0.14	0.96		0.89	-0.91	0.96	-0.43	0.41	0.98	-0.27	0.96	0.79	0.95	-0.86	-0.92	0.79	0.93	0.53	0.95	0.56	0.99	-0.43	0.94	-0.43	0.99	-0.43
Total Stockholder Equity	0.27	0.98	0.89		-0.99	0.93	-0.37	0.73	0.96	0.09	0.75	0.76	0.99	-0.99	-1.0	0.76	0.99	0.37	0.95	0.8	0.93	-0.37	0.99	-0.37	0.9	-0.37
Other Liab	-0.29	-0.98	-0.91	-0.99		-0.94	0.38	-0.67	-0.97	-0.01	-0.79	-0.76	-0.99	0.99	1.0	-0.76	-1.0	-0.41	-0.96	-0.81	-0.95	0.38	-0.99	0.38	-0.92	0.38
Net Tangible Assets	0.11	0.97	0.96	0.93	-0.94		-0.34	0.57	0.97	-0.06	0.89	0.81	0.96	-0.91	-0.94	0.82	0.96	0.48	0.96	0.66	0.98	-0.34	0.96	-0.34	0.93	-0.34
Warrants	-0.04	-0.4	-0.43	-0.37	0.38	-0.34		0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4	1.0	-0.37	1.0	-0.41	1.0
Current Deferred Revenue	0.24	0.59	0.41	0.73	-0.67	0.57	0.07		0.53	0.73	0.16	0.33	0.62	-0.74	-0.66	0.33	0.65	-0.07	0.53	0.78	0.48	0.07	0.64	0.07	0.42	0.07
Net Debt	0.21	0.99	0.98	0.96	-0.97	0.97	-0.4	0.53		-0.16	0.9	0.81	0.99	-0.94	-0.98	0.8	0.98	0.45	0.98	0.7	0.99	-0.4	0.98	-0.4	0.98	-0.4
Retained Earnings	0.07	-0.08	-0.27	0.09	-0.01	-0.06	0.45	0.73	-0.16		-0.47	-0.16	-0.06	-0.12	0.0	-0.15	-0.01	-0.46	-0.13	0.27	-0.2	0.45	-0.02	0.45	-0.27	0.45
Accounts Payable	0.05	0.87	0.96	0.75	-0.79	0.89	-0.42	0.16	0.9	-0.47		0.8	0.85	-0.72	-0.8	0.79	0.82	0.56	0.89	0.37	0.94	-0.42	0.83	-0.42	0.93	-0.42
Cash	0.04	0.83	0.79	0.76	-0.76	0.81	-0.24	0.33	0.81	-0.16	0.8		0.79	-0.77	-0.77	1.0	0.76	0.22	0.89	0.44	0.85	-0.24	0.82	-0.24	0.72	-0.24
Non Current Assets Total	0.24	1.0	0.95	0.99	-0.99	0.96	-0.4	0.62	0.99	-0.06	0.85	0.79		-0.97	-0.99	0.79	0.99	0.43	0.98	0.75	0.98	-0.4	1.0	-0.4	0.95	-0.4
Non Currrent Assets Other	-0.3	-0.97	-0.86	-0.99	0.99	-0.91	0.32	-0.74	-0.94	-0.12	-0.72	-0.77	-0.97		0.99	-0.77	-0.98	-0.31	-0.95	-0.83	-0.92	0.32	-0.98	0.32	-0.87	0.32
Other Assets	-0.28	-0.99	-0.92	-1.0	1.0	-0.94	0.4	-0.66	-0.98	0.0	-0.8	-0.77	-0.99	0.99		-0.77	-0.99	-0.4	-0.97	-0.8	-0.95	0.4	-1.0	0.4	-0.93	0.4
Cash And Short Term Investments	0.04	0.82	0.79	0.76	-0.76	0.82	-0.26	0.33	0.8	-0.15	0.79	1.0	0.79	-0.77	-0.77		0.76	0.26	0.89	0.44	0.85	-0.26	0.82	-0.26	0.71	-0.26
Common Stock Total Equity	0.27	0.99	0.93	0.99	-1.0	0.96	-0.37	0.65	0.98	-0.01	0.82	0.76	0.99	-0.98	-0.99	0.76		0.45	0.96	0.79	0.96	-0.37	0.99	-0.37	0.94	-0.37
Retained Earnings Total Equity	0.02	0.43	0.53	0.37	-0.41	0.48	-0.8	-0.07	0.45	-0.46	0.56	0.22	0.43	-0.31	-0.4	0.26	0.45		0.39	0.19	0.47	-0.8	0.38	-0.8	0.49	-0.8
Non Current Liabilities Total	0.17	0.99	0.95	0.95	-0.96	0.96	-0.37	0.53	0.98	-0.13	0.89	0.89	0.98	-0.95	-0.97	0.89	0.96	0.39		0.69	0.99	-0.37	0.98	-0.37	0.93	-0.37
Other Current Assets	0.33	0.72	0.56	0.8	-0.81	0.66	-0.17	0.78	0.7	0.27	0.37	0.44	0.75	-0.83	-0.8	0.44	0.79	0.19	0.69		0.63	-0.17	0.76	-0.17	0.6	-0.17
Total Liab	0.16	0.99	0.99	0.93	-0.95	0.98	-0.4	0.48	0.99	-0.2	0.94	0.85	0.98	-0.92	-0.95	0.85	0.96	0.47	0.99	0.63		-0.4	0.97	-0.4	0.97	-0.4
Deferred Long Term Liab	-0.04	-0.4	-0.43	-0.37	0.38	-0.34	1.0	0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4		-0.37	1.0	-0.41	1.0
Net Invested Capital	0.23	1.0	0.94	0.99	-0.99	0.96	-0.37	0.64	0.98	-0.02	0.83	0.82	1.0	-0.98	-1.0	0.82	0.99	0.38	0.98	0.76	0.97	-0.37		-0.37	0.93	-0.37
Long Term Investments	-0.04	-0.4	-0.43	-0.37	0.38	-0.34	1.0	0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4	1.0	-0.37		-0.41	1.0
Short Long Term Debt	0.21	0.95	0.99	0.9	-0.92	0.93	-0.41	0.42	0.98	-0.27	0.93	0.72	0.95	-0.87	-0.93	0.71	0.94	0.49	0.93	0.6	0.97	-0.41	0.93	-0.41		-0.41
Preferred Stock Total Equity	-0.04	-0.4	-0.43	-0.37	0.38	-0.34	1.0	0.07	-0.4	0.45	-0.42	-0.24	-0.4	0.32	0.4	-0.26	-0.37	-0.8	-0.37	-0.17	-0.4	1.0	-0.37	1.0	-0.41

Click cells to compare fundamentals

National Energy Account Relationship Matchups

National Energy balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	87.0M	89.1M	91.0M	94.0M	94.7M	119.7M
Total Assets	1.5B	1.7B	1.8B	1.8B	1.8B	1.6B
Other Current Liab	25.6M	104.2M	17.8M	26.2M	31.1M	36.0M
Total Current Liabilities	228.1M	359.4M	431.9M	544.1M	533.4M	365.1M
Total Stockholder Equity	886.5M	944.4M	821.0M	802.3M	821.5M	836.9M
Current Deferred Revenue	83.9M	94.5M	12.4M	14.9M	13.4M	12.7M
Net Debt	310.3M	323.5M	390.1M	456.2M	416.9M	341.5M
Retained Earnings	67.7M	117.7M	(35.8M)	(75.0M)	(62.4M)	(59.3M)
Accounts Payable	65.7M	144.6M	314.6M	353.5M	351.2M	204.2M
Cash	73.2M	75.0M	205.8M	78.9M	67.8M	82.7M
Non Current Assets Total	1.1B	1.2B	1.2B	1.3B	1.3B	1.1B
Non Currrent Assets Other	2.4M	2.8M	11.7M	51.5M	52.3M	40.9M
Long Term Debt	330.6M	319.7M	508.8M	391.9M	331.6M	331.2M
Cash And Short Term Investments	73.2M	75.0M	205.8M	67.8M	78.0M	82.0M
Good Will	570.5M	574.8M	620.9M	645.1M	741.9M	581.7M
Liabilities And Stockholders Equity	1.5B	1.7B	1.8B	1.8B	2.1B	1.5B
Non Current Liabilities Total	407.8M	383.3M	578.4M	481.9M	442.8M	407.4M
Inventory	78.8M	94.3M	93.9M	110.5M	98.4M	83.9M
Other Current Assets	52.4M	15.4M	12.5M	16.7M	20.0M	17.4M
Total Liab	635.9M	742.6M	1.0B	1.0B	976.2M	772.5M
Net Invested Capital	1.3B	1.3B	1.4B	1.3B	1.3B	1.3B
Short Long Term Debt	53.0M	80.1M	87.1M	143.2M	120.6M	88.2M
Total Current Assets	403.2M	515.2M	627.4M	537.8M	541.7M	459.8M
Accumulated Other Comprehensive Income	48K	29K	64K	69K	79.4K	51.2K
Non Current Liabilities Other	34.2M	37.9M	37.2M	40.6M	57.2M	46.3M
Net Working Capital	175.1M	152.3M	195.5M	(6.3M)	8.3M	7.9M
Short Term Debt	53.0M	89.9M	87.1M	128.0M	147.2M	79.7M
Intangible Assets	122.7M	110.4M	121.6M	102.9M	84.3M	106.9M
Common Stock	818.8M	826.6M	856.8M	883.9M	1.0B	808.4M
Short Long Term Debt Total	383.5M	398.5M	595.8M	484.7M	557.5M	476.2M
Property Plant And Equipment Net	419.3M	437.7M	425.5M	491.0M	474.3M	472.4M
Net Receivables	189.2M	330.5M	315.3M	148.7M	355.5M	277.5M
Property Plant And Equipment Gross	419.3M	458.5M	659.1M	814.4M	895.1M	655.4M

Pair Trading with National Energy

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 National Energy 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 National Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against National Stock

0.66	TTI	Tetra Technologies	Pair Corr
0.65	EFXT	Enerflex	Pair Corr
0.63	KGS	Kodiak Gas Services,	Pair Corr
0.61	TS	Tenaris SA ADR	Pair Corr
0.61	BKR	Baker Hughes Fiscal Year End 28th of January 2025	Pair Corr

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

The correlation of National Energy 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 National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services 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 National Energy 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 National Stock Analysis

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.

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National Historical Balance Sheet

National Energy Inventory

83.93 Million

About National Balance Sheet Analysis

National Energy Balance Sheet Chart

Common Stock Shares Outstanding

Total Current Liabilities

Total Stockholder Equity

Short Long Term Debt

Capital Lease Obligations

National Energy balance sheet Correlations

National Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

National Energy balance sheet Accounts

Pair Trading with National Energy

Moving against National Stock

Additional Tools for National Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Other Assets	+ 1.0	Other Liab
Deferred Long Term Liab	+ 1.0	Warrants
Long Term Investments	+ 1.0	Warrants
Preferred Stock Total Equity	+ 1.0	Warrants

Net Invested Capital	- 1.0	Other Assets
Common Stock Total Equity	- 1.0	Other Liab
Other Assets	- 1.0	Total Stockholder Equity
Common Stock Total Equity	- 0.99	Other Assets
Other Assets	- 0.99	Non Current Assets Total
Net Invested Capital	- 0.99	Other Liab