Nine Historical Balance Sheet

NINE Stock  USD 1.75  0.16  10.06%   
Trend analysis of Nine Energy Service balance sheet accounts such as Other Current Liab of 17 M provides information on Nine Energy's total assets, liabilities, and equity, which is the actual value of Nine Energy Service to its prevalent stockholders. By breaking down trends over time using Nine 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.
 
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Financial Statement Analysis is much more than just reviewing and examining Nine Energy Service 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 Nine Energy Service is a good buy for the upcoming year.

Nine Energy Inventory

48.98 Million

  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nine Energy Service. 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.

About Nine Balance Sheet Analysis

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

Nine Energy Balance Sheet Chart

At present, Nine Energy's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Property Plant And Equipment Net is expected to grow to about 152.3 M, whereas Other Current Liabilities is forecasted to decline to about 17 M.

Common Stock Shares Outstanding

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

Total Assets

Total assets refers to the total amount of Nine Energy 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 Nine Energy Service 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.

Accounts Payable

An accounting item on the balance sheet that represents Nine Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Nine Energy Service are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most accounts from Nine Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Nine Energy Service 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 Nine Energy Service. 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.
At present, Nine Energy's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Property Plant And Equipment Net is expected to grow to about 152.3 M, whereas Other Current Liabilities is forecasted to decline to about 17 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total372.1M377.8M366.3M373.9M
Total Assets381.6M426.8M402.0M485.2M

Nine Energy balance sheet Correlations

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Click cells to compare fundamentals

Nine Energy Account Relationship Matchups

Nine Energy balance sheet Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding29.3M29.7M30.3M32.3M33.3M29.6M
Total Assets850.9M442.6M381.6M426.8M402.0M485.2M
Short Long Term Debt Total395.3M384.3M372.1M377.8M366.3M373.9M
Other Current Liab391K17.1M11.4M20.3M25.8M17.0M
Total Current Liabilities61.2M43.4M56.5M81.0M82.8M72.1M
Total Stockholder Equity389.9M20.4M(39.3M)(23.5M)(35.6M)(33.8M)
Other Liab5.5M2.7M1.6M1.9M1.7M1.7M
Net Tangible Assets(55.3M)(112.1M)(155.7M)(125.5M)(112.9M)(107.3M)
Property Plant And Equipment Net128.6M140.6M123.5M126.6M124.5M152.3M
Current Deferred Revenue13.5M1.2M24.3M14.9M17.1M14.2M
Net Debt302.3M315.4M350.6M360.4M335.5M332.9M
Retained Earnings(364.8M)(743.8M)(808.4M)(794.0M)(826.2M)(784.9M)
Accounts Payable35.5M18.1M28.7M42.2M33.4M33.1M
Cash93.0M68.9M21.5M17.4M30.8M41.0M
Non Current Assets Total582.0M276.4M242.3M230.1M218.4M340.9M
Non Currrent Assets Other8.2M3.3M2.4M1.6M3.4M5.7M
Other Assets8.2M41.5M381.6M1.6M1.00.95
Long Term Debt392.1M342.7M332.3M338.0M320.5M319.7M
Cash And Short Term Investments93.0M68.9M21.5M17.4M30.8M41.0M
Net Receivables97.5M42.6M65.4M106.0M88.9M95.7M
Common Stock Total Equity306K316K328K332K381.8K243.9K
Long Term Debt Total394.3M342.7M332.3M338.0M388.7M361.4M
Liabilities And Stockholders Equity850.9M442.6M381.6M426.8M402.0M485.2M
Non Current Liabilities Total399.8M378.8M364.4M369.3M354.9M343.7M
Capital Surpluse758.9M768.4M773.4M775.0M891.3M665.1M
Inventory60.9M38.4M42.2M62.0M54.5M49.0M
Other Current Assets17.4M16.3M10.2M11.2M9.4M12.7M
Other Stockholder Equity758.9M768.4M773.4M775.0M795.1M688.4M
Total Liab461.0M422.2M420.9M450.3M437.6M442.9M
Property Plant And Equipment Gross128.6M140.6M123.5M126.6M413.3M433.9M
Total Current Assets268.9M166.2M139.3M196.7M183.6M198.4M
Accumulated Other Comprehensive Income(4.5M)(4.5M)(4.5M)(4.8M)(4.9M)(5.1M)
Short Term Debt995K8.1M16.4M18.5M23.5M30.1M
Intangible Assets149.0M132.5M116.4M101.9M90.4M134.1M
Common Stock306K316K328K332K353K260.0K
Property Plant Equipment128.6M102.4M123.5M89.7M80.7M151.4M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Nine Energy Service is a strong investment it is important to analyze Nine Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nine Energy's future performance. For an informed investment choice regarding Nine Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nine Energy Service. 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.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nine Energy. If investors know Nine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nine Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.20)
Revenue Per Share
15.637
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0141
Return On Equity
(5.83)
The market value of Nine Energy Service is measured differently than its book value, which is the value of Nine that is recorded on the company's balance sheet. Investors also form their own opinion of Nine Energy's value that differs from its market value or its book value, called intrinsic value, which is Nine Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nine Energy's market value can be influenced by many factors that don't directly affect Nine Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nine Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.