Newpark Free Cash Flow vs Depreciation Analysis

NR Stock

USD 7.62 0.04 0.52%

Newpark Resources financial indicator trend analysis is infinitely more than just investigating Newpark Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newpark Resources is a good investment. Please check the relationship between Newpark Resources Free Cash Flow and its Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newpark Resources. 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.

To learn how to invest in Newpark Stock, please use our How to Invest in Newpark Resources guide.

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newpark Resources Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Newpark Resources' Free Cash Flow and Depreciation is 0.11. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Newpark Resources, assuming nothing else is changed. The correlation between historical values of Newpark Resources' Free Cash Flow and Depreciation 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 Newpark Resources are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Newpark Resources' Free Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
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.

Depreciation

Depreciation indicates how much of Newpark Resources value has been used up. For tax purposes Newpark Resources can deduct the cost of the tangible assets it purchases as business expenses. However, Newpark Resources must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Newpark Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newpark Resources 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 Newpark Resources. 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.

To learn how to invest in Newpark Stock, please use our How to Invest in Newpark Resources guide.At this time, Newpark Resources' Tax Provision is relatively stable compared to the past year. As of 12/18/2024, Enterprise Value Over EBITDA is likely to grow to 12.72, though Discontinued Operations is likely to grow to (14.8 M).

	2021	2022	2023	2024 (projected)
Gross Profit	85.2M	121.5M	138.5M	89.2M
Total Revenue	614.8M	815.6M	749.6M	549.7M

Gross Profit Total Revenue

Newpark Resources 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	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	Intangible Assets	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock
Total Assets		0.89	0.29	0.84	0.98	0.85	0.69	0.81	0.94	-0.26	0.91	0.9	0.84	0.97	0.78	0.74	0.95	0.3	0.98	-0.2	0.52	0.9	0.61	0.61	0.42	0.56
Short Long Term Debt Total	0.89		0.19	0.63	0.77	0.65	0.81	0.65	0.78	-0.01	0.87	0.8	0.96	0.85	0.75	0.51	0.97	0.2	0.9	-0.3	0.61	0.84	0.51	0.51	0.14	0.29
Other Current Liab	0.29	0.19		0.31	0.3	0.36	0.07	0.04	0.36	-0.6	0.23	0.33	0.17	0.27	-0.19	0.55	0.24	0.72	0.23	-0.25	0.33	0.35	0.01	0.01	0.64	0.64
Total Current Liabilities	0.84	0.63	0.31		0.86	0.78	0.53	0.6	0.81	-0.39	0.78	0.83	0.5	0.81	0.55	0.81	0.74	0.28	0.81	0.22	0.31	0.78	0.48	0.48	0.57	0.68
Total Stockholder Equity	0.98	0.77	0.3	0.86		0.92	0.56	0.83	0.96	-0.39	0.83	0.86	0.71	0.95	0.74	0.79	0.86	0.36	0.93	-0.08	0.43	0.82	0.64	0.64	0.51	0.65
Property Plant And Equipment Net	0.85	0.65	0.36	0.78	0.92		0.42	0.73	0.94	-0.59	0.59	0.68	0.54	0.84	0.57	0.83	0.69	0.44	0.75	0.08	0.41	0.6	0.6	0.6	0.57	0.73
Net Debt	0.69	0.81	0.07	0.53	0.56	0.42		0.3	0.6	0.23	0.79	0.75	0.81	0.75	0.55	0.47	0.82	-0.12	0.71	-0.35	0.65	0.79	0.04	0.04	0.08	0.2
Retained Earnings	0.81	0.65	0.04	0.6	0.83	0.73	0.3		0.73	-0.18	0.65	0.52	0.63	0.74	0.74	0.36	0.7	0.14	0.8	-0.1	0.13	0.61	0.87	0.87	0.15	0.26
Non Current Assets Total	0.94	0.78	0.36	0.81	0.96	0.94	0.6	0.73		-0.46	0.75	0.85	0.71	0.92	0.66	0.84	0.84	0.44	0.85	-0.08	0.62	0.76	0.51	0.51	0.54	0.7
Non Currrent Assets Other	-0.26	-0.01	-0.6	-0.39	-0.39	-0.59	0.23	-0.18	-0.46		0.03	-0.22	0.11	-0.26	0.11	-0.67	-0.05	-0.72	-0.12	-0.22	-0.17	-0.12	-0.23	-0.23	-0.81	-0.87
Net Receivables	0.91	0.87	0.23	0.78	0.83	0.59	0.79	0.65	0.75	0.03		0.89	0.87	0.88	0.73	0.58	0.95	0.1	0.96	-0.34	0.45	0.96	0.45	0.45	0.24	0.36
Common Stock Shares Outstanding	0.9	0.8	0.33	0.83	0.86	0.68	0.75	0.52	0.85	-0.22	0.89		0.76	0.9	0.67	0.79	0.88	0.35	0.87	-0.18	0.61	0.9	0.29	0.29	0.51	0.61
Non Current Liabilities Total	0.84	0.96	0.17	0.5	0.71	0.54	0.81	0.63	0.71	0.11	0.87	0.76		0.82	0.75	0.41	0.95	0.12	0.88	-0.54	0.62	0.85	0.45	0.45	0.07	0.19
Inventory	0.97	0.85	0.27	0.81	0.95	0.84	0.75	0.74	0.92	-0.26	0.88	0.9	0.82		0.73	0.77	0.92	0.27	0.95	-0.24	0.54	0.9	0.52	0.52	0.48	0.6
Other Current Assets	0.78	0.75	-0.19	0.55	0.74	0.57	0.55	0.74	0.66	0.11	0.73	0.67	0.75	0.73		0.34	0.77	-0.07	0.81	-0.2	0.26	0.65	0.67	0.67	0.01	0.11
Other Stockholder Equity	0.74	0.51	0.55	0.81	0.79	0.83	0.47	0.36	0.84	-0.67	0.58	0.79	0.41	0.77	0.34		0.61	0.55	0.63	0.04	0.51	0.65	0.21	0.21	0.82	0.92
Total Liab	0.95	0.97	0.24	0.74	0.86	0.69	0.82	0.7	0.84	-0.05	0.95	0.88	0.95	0.92	0.77	0.61		0.19	0.97	-0.34	0.59	0.94	0.52	0.52	0.26	0.39
Property Plant And Equipment Gross	0.3	0.2	0.72	0.28	0.36	0.44	-0.12	0.14	0.44	-0.72	0.1	0.35	0.12	0.27	-0.07	0.55	0.19		0.19	0.01	0.36	0.17	0.19	0.19	0.75	0.69
Total Current Assets	0.98	0.9	0.23	0.81	0.93	0.75	0.71	0.8	0.85	-0.12	0.96	0.87	0.88	0.95	0.81	0.63	0.97	0.19		-0.26	0.42	0.93	0.64	0.64	0.32	0.44
Short Term Debt	-0.2	-0.3	-0.25	0.22	-0.08	0.08	-0.35	-0.1	-0.08	-0.22	-0.34	-0.18	-0.54	-0.24	-0.2	0.04	-0.34	0.01	-0.26		-0.38	-0.4	0.05	0.05	0.06	0.08
Intangible Assets	0.52	0.61	0.33	0.31	0.43	0.41	0.65	0.13	0.62	-0.17	0.45	0.61	0.62	0.54	0.26	0.51	0.59	0.36	0.42	-0.38		0.53	-0.15	-0.15	0.3	0.42
Accounts Payable	0.9	0.84	0.35	0.78	0.82	0.6	0.79	0.61	0.76	-0.12	0.96	0.9	0.85	0.9	0.65	0.65	0.94	0.17	0.93	-0.4	0.53		0.39	0.39	0.39	0.49
Cash	0.61	0.51	0.01	0.48	0.64	0.6	0.04	0.87	0.51	-0.23	0.45	0.29	0.45	0.52	0.67	0.21	0.52	0.19	0.64	0.05	-0.15	0.39		1.0	0.12	0.17
Cash And Short Term Investments	0.61	0.51	0.01	0.48	0.64	0.6	0.04	0.87	0.51	-0.23	0.45	0.29	0.45	0.52	0.67	0.21	0.52	0.19	0.64	0.05	-0.15	0.39	1.0		0.12	0.17
Common Stock Total Equity	0.42	0.14	0.64	0.57	0.51	0.57	0.08	0.15	0.54	-0.81	0.24	0.51	0.07	0.48	0.01	0.82	0.26	0.75	0.32	0.06	0.3	0.39	0.12	0.12		0.94
Common Stock	0.56	0.29	0.64	0.68	0.65	0.73	0.2	0.26	0.7	-0.87	0.36	0.61	0.19	0.6	0.11	0.92	0.39	0.69	0.44	0.08	0.42	0.49	0.17	0.17	0.94

Click cells to compare fundamentals

Newpark Resources Account Relationship Matchups

Newpark Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	900.1M	709.2M	752.9M	714.9M	642.3M	628.4M
Short Long Term Debt Total	186.8M	112.2M	137.2M	133.9M	92.4M	156.2M
Other Current Liab	42.8M	36.9M	65.8M	46.9M	66.2M	69.5M
Total Current Liabilities	128.9M	153.7M	150.4M	162.9M	136.3M	103.1M
Total Stockholder Equity	548.6M	488.0M	462.4M	423.0M	415.4M	364.0M
Property Plant And Equipment Net	342.4M	308.7M	287.8M	216.9M	216.0M	218.0M
Net Debt	138.1M	88.0M	113.1M	110.7M	53.8M	51.2M
Retained Earnings	134.1M	50.9M	24.3M	2.5M	10.8M	11.3M
Non Current Assets Total	421.3M	381.0M	364.4M	288.9M	285.1M	316.2M
Non Currrent Assets Other	3.2M	2.8M	2.0M	2.4M	2.1M	2.0M
Net Receivables	216.7M	141.0M	194.3M	242.2M	168.5M	156.6M
Common Stock Shares Outstanding	89.8M	90.2M	91.5M	92.7M	88.3M	86.1M
Liabilities And Stockholders Equity	900.1M	709.2M	752.9M	714.9M	642.3M	628.4M
Non Current Liabilities Total	222.6M	67.5M	140.1M	128.9M	90.7M	161.3M
Inventory	196.9M	147.9M	155.3M	149.6M	141.1M	104.5M
Other Current Assets	16.5M	15.1M	14.8M	11.0M	9.1M	8.6M
Other Stockholder Equity	481.4M	490.2M	498.4M	486.6M	466.3M	402.4M
Total Liab	351.4M	221.2M	290.5M	291.8M	227.0M	264.4M
Property Plant And Equipment Gross	342.4M	308.7M	287.8M	216.9M	525.7M	551.9M
Total Current Assets	478.8M	328.2M	388.5M	426.0M	357.2M	312.2M
Accumulated Other Comprehensive Income	(67.9M)	(54.2M)	(61.5M)	(67.2M)	(62.8M)	(59.7M)
Short Term Debt	6.3M	67.5M	19.2M	22.4M	16.9M	15.4M
Intangible Assets	29.7M	25.4M	25.0M	20.2M	17.1M	33.6M
Accounts Payable	79.8M	49.3M	84.6M	93.6M	70.1M	57.1M
Cash	48.7M	24.2M	24.1M	23.2M	38.6M	29.5M
Cash And Short Term Investments	48.7M	24.2M	24.1M	23.2M	38.6M	29.5M
Common Stock Total Equity	1.1M	1.1M	1.1M	1.1M	1.3M	1.0M
Common Stock	1.1M	1.1M	1.1M	1.1M	1.1M	1.0M
Other Liab	42.1M	22.7M	22.2M	17.4M	20.0M	17.4M
Other Assets	6.8M	35.4M	4.3M	4.7M	4.7M	4.5M
Long Term Debt	153.5M	19.7M	95.6M	91.7M	58.1M	55.2M
Property Plant Equipment	342.4M	308.7M	287.8M	216.9M	249.4M	272.0M
Good Will	43.8M	42.3M	42.4M	47.3M	47.1M	54.5M
Treasury Stock	(129.8M)	(139.2M)	(136.8M)	(136.5M)	(122.9M)	(129.0M)
Net Tangible Assets	476.6M	420.2M	390.1M	355.7M	320.1M	356.7M
Retained Earnings Total Equity	134.1M	50.9M	24.3M	2.5M	2.2M	2.1M
Long Term Debt Total	153.5M	19.7M	95.6M	91.7M	82.5M	114.3M
Capital Surpluse	620.6M	627.0M	634.9M	641.3M	737.5M	625.7M

Pair Trading with Newpark Resources

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 Newpark Resources 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 Newpark Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Newpark Stock

0.7	TS	Tenaris SA ADR	Pair Corr
0.66	VTOL	Bristow Group	Pair Corr
0.75	EFXT	Enerflex	Pair Corr

Moving against Newpark Stock

0.65	DWSN	Dawson Geophysical	Pair Corr
0.53	TDW	Tidewater Upward Rally	Pair Corr
0.36	XPRO	Expro Group Holdings	Pair Corr

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

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

When running Newpark Resources' price analysis, check to measure Newpark Resources' 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 Newpark Resources is operating at the current time. Most of Newpark Resources' value examination focuses on studying past and present price action to predict the probability of Newpark Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newpark Resources' price. Additionally, you may evaluate how the addition of Newpark Resources to your portfolios can decrease your overall portfolio volatility.

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