| NESRW Stock | | | USD 0.55 0.03 5.77% |
National Energy financial indicator trend analysis is infinitely more than just investigating National Energy Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Energy Services is a good investment. Please check the relationship between National Energy Long Term Debt and its Common Stock Shares Outstanding accounts. 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 metropolitan statistical area.
Long Term Debt vs Common Stock Shares Outstanding
Long Term Debt vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
National Energy Services Long Term Debt account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between National Energy's Long Term Debt and Common Stock Shares Outstanding is 0.78. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of National Energy Services, assuming nothing else is changed. The correlation between historical values of National Energy's Long Term Debt and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of National Energy Services are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Long Term Debt i.e., National Energy's Long Term Debt and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that National Energy Services has held for over one year. Long-term debt appears on National Energy Services balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on National Energy Services balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from National Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 metropolitan statistical area.
Enterprise Value is likely to climb to about 1.7
B in 2024, whereas
Tax Provision is likely to drop slightly above 11
M in 2024.
National Energy fundamental ratios Correlations
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National Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Energy fundamental ratios Accounts
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