Nabors Cash And Short Term Investments vs Inventory Analysis

NBR Stock

USD 66.87 0.36 0.54%

Nabors Industries financial indicator trend analysis is infinitely more than just investigating Nabors Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nabors Industries is a good investment. Please check the relationship between Nabors Industries Cash And Short Term Investments and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nabors Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Nabors Stock, please use our How to Invest in Nabors Industries guide.

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nabors Industries Cash And Short Term Investments account and Inventory. At this time, the significance of the direction appears to have very week relationship.

The correlation between Nabors Industries' Cash And Short Term Investments and Inventory is 0.2. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Nabors Industries, assuming nothing else is changed. The correlation between historical values of Nabors Industries' Cash And Short Term Investments and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Nabors Industries are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., Nabors Industries' Cash And Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.2

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Nabors Industries balance sheet. This account contains Nabors Industries investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nabors Industries fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Inventory

Most indicators from Nabors Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nabors Industries 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 Nabors Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Nabors Stock, please use our How to Invest in Nabors Industries guide.At this time, Nabors Industries' Selling General Administrative is relatively stable compared to the past year. As of 06/09/2024, Discontinued Operations is likely to grow to about 24.1 K, while Enterprise Value Over EBITDA is likely to drop 2.81.

	2021	2022	2023	2024 (projected)
Interest Expense	171.5M	177.9M	185.3M	130.6M
Depreciation And Amortization	693.4M	665.1M	645.3M	467.2M

Interest Expense Depreciation And Amortization

Nabors Industries 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Inventory	Accounts Payable	Common Stock Total Equity	Short Term Investments	Intangible Assets
Total Assets		0.9	0.98	0.87	0.94	0.99	0.93	0.85	-0.06	0.99	-0.08	0.06	0.95	0.17	0.96	0.93	-0.03	0.97	0.73	0.92	-0.14	0.9	0.87	-0.61	0.67	0.74
Short Long Term Debt Total	0.9		0.86	0.82	0.76	0.88	0.97	0.61	0.11	0.9	0.26	0.19	0.76	0.48	0.97	0.82	0.33	0.97	0.85	0.82	-0.12	0.9	0.78	-0.82	0.45	0.47
Other Current Liab	0.98	0.86		0.91	0.93	0.96	0.89	0.83	-0.05	0.96	-0.14	0.06	0.95	0.19	0.92	0.92	-0.02	0.95	0.71	0.93	-0.09	0.9	0.89	-0.57	0.66	0.77
Total Current Liabilities	0.87	0.82	0.91		0.76	0.83	0.79	0.67	0.16	0.84	-0.06	0.21	0.88	0.28	0.81	0.74	0.03	0.89	0.69	0.89	0.21	0.85	0.91	-0.55	0.49	0.61
Total Stockholder Equity	0.94	0.76	0.93	0.76		0.96	0.84	0.97	-0.33	0.95	-0.21	-0.2	0.92	-0.09	0.86	0.94	-0.24	0.87	0.59	0.83	-0.32	0.78	0.77	-0.35	0.74	0.86
Property Plant And Equipment Net	0.99	0.88	0.96	0.83	0.96		0.94	0.88	-0.15	1.0	-0.06	-0.03	0.93	0.11	0.95	0.94	-0.07	0.95	0.7	0.87	-0.21	0.86	0.83	-0.58	0.63	0.72
Net Debt	0.93	0.97	0.89	0.79	0.84	0.94		0.72	-0.07	0.95	0.22	0.02	0.8	0.33	0.98	0.87	0.19	0.96	0.8	0.79	-0.21	0.87	0.78	-0.75	0.48	0.54
Retained Earnings	0.85	0.61	0.83	0.67	0.97	0.88	0.72		-0.48	0.86	-0.28	-0.36	0.86	-0.31	0.74	0.85	-0.44	0.75	0.46	0.72	-0.38	0.64	0.67	-0.14	0.7	0.86
Cash	-0.06	0.11	-0.05	0.16	-0.33	-0.15	-0.07	-0.48		-0.13	0.1	0.98	-0.07	0.55	0.0	-0.25	0.44	0.04	0.11	0.18	0.75	0.1	0.08	-0.42	-0.13	-0.32
Non Current Assets Total	0.99	0.9	0.96	0.84	0.95	1.0	0.95	0.86	-0.13		-0.02	-0.01	0.92	0.14	0.96	0.93	-0.04	0.96	0.73	0.87	-0.19	0.86	0.83	-0.61	0.62	0.72
Non Currrent Assets Other	-0.08	0.26	-0.14	-0.06	-0.21	-0.06	0.22	-0.28	0.1	-0.02		0.04	-0.3	0.48	0.08	-0.18	0.52	0.05	0.49	-0.25	0.0	-0.07	-0.17	-0.45	-0.43	-0.43
Cash And Short Term Investments	0.06	0.19	0.06	0.21	-0.2	-0.03	0.02	-0.36	0.98	-0.01	0.04		0.05	0.54	0.11	-0.12	0.41	0.14	0.18	0.31	0.7	0.2	0.14	-0.46	0.06	-0.18
Net Receivables	0.95	0.76	0.95	0.88	0.92	0.93	0.8	0.86	-0.07	0.92	-0.3	0.05		0.01	0.86	0.91	-0.19	0.89	0.58	0.94	-0.08	0.87	0.93	-0.41	0.71	0.81
Common Stock Shares Outstanding	0.17	0.48	0.19	0.28	-0.09	0.11	0.33	-0.31	0.55	0.14	0.48	0.54	0.01		0.34	0.11	0.92	0.34	0.57	0.23	0.21	0.4	0.21	-0.8	-0.16	-0.29
Non Current Liabilities Total	0.96	0.97	0.92	0.81	0.86	0.95	0.98	0.74	0.0	0.96	0.08	0.11	0.86	0.34		0.91	0.18	0.99	0.8	0.87	-0.22	0.91	0.83	-0.73	0.56	0.59
Other Current Assets	0.93	0.82	0.92	0.74	0.94	0.94	0.87	0.85	-0.25	0.93	-0.18	-0.12	0.91	0.11	0.91		0.0	0.9	0.65	0.87	-0.4	0.89	0.83	-0.47	0.69	0.77
Other Stockholder Equity	-0.03	0.33	-0.02	0.03	-0.24	-0.07	0.19	-0.44	0.44	-0.04	0.52	0.41	-0.19	0.92	0.18	0.0		0.14	0.41	0.03	0.04	0.26	0.02	-0.65	-0.28	-0.41
Total Liab	0.97	0.97	0.95	0.89	0.87	0.95	0.96	0.75	0.04	0.96	0.05	0.14	0.89	0.34	0.99	0.9	0.14		0.8	0.91	-0.12	0.93	0.88	-0.71	0.57	0.62
Property Plant And Equipment Gross	0.73	0.85	0.71	0.69	0.59	0.7	0.8	0.46	0.11	0.73	0.49	0.18	0.58	0.57	0.8	0.65	0.41	0.8		0.65	-0.12	0.7	0.65	-0.73	0.29	0.34
Total Current Assets	0.92	0.82	0.93	0.89	0.83	0.87	0.79	0.72	0.18	0.87	-0.25	0.31	0.94	0.23	0.87	0.87	0.03	0.91	0.65		0.04	0.92	0.9	-0.53	0.75	0.74
Short Term Debt	-0.14	-0.12	-0.09	0.21	-0.32	-0.21	-0.21	-0.38	0.75	-0.19	0.0	0.7	-0.08	0.21	-0.22	-0.4	0.04	-0.12	-0.12	0.04		-0.06	0.0	-0.12	-0.11	-0.2
Inventory	0.9	0.9	0.9	0.85	0.78	0.86	0.87	0.64	0.1	0.86	-0.07	0.2	0.87	0.4	0.91	0.89	0.26	0.93	0.7	0.92	-0.06		0.88	-0.66	0.62	0.6
Accounts Payable	0.87	0.78	0.89	0.91	0.77	0.83	0.78	0.67	0.08	0.83	-0.17	0.14	0.93	0.21	0.83	0.83	0.02	0.88	0.65	0.9	0.0	0.88		-0.5	0.52	0.62
Common Stock Total Equity	-0.61	-0.82	-0.57	-0.55	-0.35	-0.58	-0.75	-0.14	-0.42	-0.61	-0.45	-0.46	-0.41	-0.8	-0.73	-0.47	-0.65	-0.71	-0.73	-0.53	-0.12	-0.66	-0.5		-0.09	-0.03
Short Term Investments	0.67	0.45	0.66	0.49	0.74	0.63	0.48	0.7	-0.13	0.62	-0.43	0.06	0.71	-0.16	0.56	0.69	-0.28	0.57	0.29	0.75	-0.11	0.62	0.52	-0.09		0.87
Intangible Assets	0.74	0.47	0.77	0.61	0.86	0.72	0.54	0.86	-0.32	0.72	-0.43	-0.18	0.81	-0.29	0.59	0.77	-0.41	0.62	0.34	0.74	-0.2	0.6	0.62	-0.03	0.87

Click cells to compare fundamentals

Nabors Industries Account Relationship Matchups

Nabors Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.8B	5.5B	5.5B	4.7B	5.3B	5.7B
Short Long Term Debt Total	3.3B	3.0B	3.3B	2.5B	3.1B	2.3B
Other Current Liab	258.9M	224.8M	206.2M	237.8M	255.3M	219.0M
Total Current Liabilities	656.5M	515.5M	525.2M	596.4M	1.2B	708.6M
Total Stockholder Equity	2.0B	1.2B	590.7M	369.0M	326.6M	310.3M
Property Plant And Equipment Net	4.9B	4.0B	3.3B	3.0B	2.9B	3.8B
Net Debt	2.9B	2.5B	2.3B	2.1B	2.1B	1.9B
Retained Earnings	(104.8M)	(946.1M)	(1.5B)	(1.8B)	(1.9B)	(1.8B)
Cash	436.0M	472.2M	991.5M	451.0M	1.1B	1.1B
Non Current Assets Total	5.5B	4.4B	4.0B	3.7B	3.6B	4.4B
Non Currrent Assets Other	553.1M	139.1M	416.4M	445.8M	494.7M	280.1M
Cash And Short Term Investments	452.5M	481.7M	991.5M	452.3M	1.1B	1.1B
Net Receivables	453.0M	363.0M	287.6M	327.4M	347.8M	554.2M
Common Stock Shares Outstanding	7.0M	7.1M	7.6M	8.9M	9.2M	5.4M
Liabilities And Stockholders Equity	6.8B	5.5B	5.5B	4.7B	5.3B	5.7B
Non Current Liabilities Total	3.6B	3.3B	3.6B	2.9B	2.8B	2.5B
Other Current Assets	340.6M	270.2M	222.2M	220.9M	79.9M	75.9M
Other Stockholder Equity	2.1B	2.1B	2.1B	2.2B	2.2B	1.1B
Total Liab	4.3B	3.8B	4.1B	3.5B	4.0B	3.3B
Property Plant And Equipment Gross	13.2B	4.0B	12.3B	12.3B	12.6B	6.4B
Total Current Assets	1.2B	1.1B	1.5B	1.0B	1.6B	1.3B
Accumulated Other Comprehensive Income	(11.8M)	(11.1M)	(10.6M)	(11.0M)	(10.8M)	(10.3M)
Short Term Debt	13.5M	8.3M	5.4M	6.8M	635.0M	666.8M
Inventory	176.3M	160.6M	126.4M	127.9M	147.8M	103.0M
Accounts Payable	295.2M	220.9M	253.7M	314.0M	294.4M	278.2M
Common Stock Total Equity	416K	419K	466K	525K	472.5K	448.9K
Short Term Investments	16.5M	9.5M	17K	1.3M	12.7M	12.1M
Common Stock	416K	419K	466K	525K	527K	500.7K
Other Liab	261.9M	319.6M	343.1M	352.7M	405.7M	322.0M
Other Assets	506.4M	386.3M	675.1M	668.6M	768.9M	807.4M
Long Term Debt	3.3B	3.0B	3.3B	2.5B	2.5B	3.4B
Property Plant Equipment	4.9B	4.0B	3.3B	3.0B	3.5B	6.1B
Current Deferred Revenue	89.1M	61.5M	59.8M	37.8M	29.2M	27.8M
Noncontrolling Interest In Consolidated Entity	67.4M	105.4M	128.3M	167.8M	193.0M	202.7M
Retained Earnings Total Equity	(104.8M)	(946.1M)	(1.5B)	(1.8B)	(1.7B)	(1.6B)
Deferred Long Term Liab	3.1M	1.6M	2.8M	2.9M	2.6M	2.4M

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Additional Tools for Nabors Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Nabors Cash And Short Term Investments vs Inventory Analysis

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Inventory

Nabors Industries fundamental ratios Correlations

Nabors Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nabors Industries fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Nabors Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Other Current Liab	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Net Debt

Common Stock Total Equity	- 0.82	Short Long Term Debt Total
Common Stock Total Equity	- 0.8	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.75	Net Debt
Common Stock Total Equity	- 0.73	Property Plant And Equipment Gross
Common Stock Total Equity	- 0.73	Non Current Liabilities Total
Common Stock Total Equity	- 0.71	Total Liab