Nabors Net Receivables vs Cash And Short Term Investments 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 Net Receivables and its Cash And Short Term Investments 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.
Net Receivables vs Cash And Short Term Investments
Net Receivables vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nabors Industries Net Receivables account and Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Nabors Industries' Net Receivables and Cash And Short Term Investments is 0.05. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash And Short Term Investments 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' Net Receivables and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Nabors Industries are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Receivables i.e., Nabors Industries' Net Receivables and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Receivables
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.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 |
Nabors Industries fundamental ratios Correlations
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Nabors Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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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.