Newpark Historical Balance Sheet
NR Stock | USD 7.77 0.37 5.00% |
Trend analysis of Newpark Resources balance sheet accounts such as Total Current Liabilities of 103.1 M, Total Stockholder Equity of 364 M or Property Plant And Equipment Net of 218 M provides information on Newpark Resources' total assets, liabilities, and equity, which is the actual value of Newpark Resources to its prevalent stockholders. By breaking down trends over time using Newpark Resources 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.
Financial Statement Analysis is much more than just reviewing and examining Newpark Resources 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 Newpark Resources is a good buy for the upcoming year.
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About Newpark Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Newpark Resources at a specified time, usually calculated after every quarter, six months, or one year. Newpark Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Newpark Resources 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 Newpark currently owns. An asset can also be divided into two categories, current and non-current.
Newpark Resources Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Newpark Resources 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 Newpark Resources 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.Total Current Liabilities
Total Current Liabilities is an item on Newpark Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Newpark Resources 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.Most accounts from Newpark Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 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 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' Property Plant And Equipment Gross is relatively stable compared to the past year. As of 11/22/2024, Intangible Assets is likely to grow to about 33.6 M, while Total Current Liabilities is likely to drop slightly above 103.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 137.2M | 133.9M | 92.4M | 156.2M | Total Assets | 752.9M | 714.9M | 642.3M | 628.4M |
Newpark Resources balance sheet Correlations
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Newpark Resources Account Relationship Matchups
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Newpark Resources balance sheet 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
Moving against Newpark Stock
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0.34 | KGS | Kodiak Gas Services, | PairCorr |
0.32 | SUBCY | Subsea 7 SA | PairCorr |
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.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.