Select Accumulated Depreciation vs Short Term Debt Analysis

WTTR Stock

USD 10.60 0.18 1.73%

Select Energy financial indicator trend analysis is much more than just breaking down Select Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Select Energy Services is a good investment. Please check the relationship between Select Energy Accumulated Depreciation and its Short Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Select Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Accumulated Depreciation vs Short Term Debt

Accumulated Depreciation vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Select Energy Services Accumulated Depreciation account and Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Select Energy's Accumulated Depreciation and Short Term Debt is -0.08. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Select Energy Services, assuming nothing else is changed. The correlation between historical values of Select Energy's Accumulated Depreciation and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Select Energy Services are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Accumulated Depreciation i.e., Select Energy's Accumulated Depreciation and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for Select Energy Services fixed asset that has been charged to Select Energy expense since that asset was acquired and made available for Select Energy use. The accumulated depreciation account is Select Energy Services asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Select Energy Services.

Short Term Debt

Most indicators from Select Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Select Energy Services 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Select Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

As of 05/28/2024, Enterprise Value is likely to grow to about 825.6 M, though Tax Provision is likely to grow to (57.2 M).

	2023	2024 (projected)
Discontinued Operations	18.9K	16.8K
Interest Income	2.2M	2.1M

Discontinued Operations Interest Income

Select Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		-0.58	0.67	0.91	0.96	0.55	0.7	0.93	-0.51	0.82	0.12	0.94	0.3	0.21	-0.62	0.12	0.93	0.22	-0.69	0.76	-0.72	-0.55	0.91	0.82	0.75	0.14
Short Long Term Debt Total	-0.58		-0.53	-0.65	-0.6	-0.71	-0.64	-0.46	0.95	-0.66	-0.46	-0.33	-0.44	-0.77	0.99	-0.46	-0.67	0.35	0.98	-0.87	0.95	0.99	-0.78	-0.69	-0.87	0.61
Other Current Liab	0.67	-0.53		0.8	0.58	0.84	0.66	0.71	-0.42	0.4	-0.01	0.55	0.63	0.52	-0.52	-0.01	0.75	-0.17	-0.57	0.7	-0.56	-0.41	0.66	0.67	0.6	0.21
Total Current Liabilities	0.91	-0.65	0.8		0.88	0.82	0.81	0.93	-0.54	0.86	0.04	0.76	0.36	0.42	-0.68	0.04	0.98	-0.09	-0.73	0.86	-0.76	-0.58	0.91	0.92	0.84	0.19
Total Stockholder Equity	0.96	-0.6	0.58	0.88		0.52	0.8	0.95	-0.58	0.84	0.29	0.88	0.26	0.19	-0.66	0.29	0.86	0.12	-0.7	0.81	-0.77	-0.57	0.91	0.88	0.82	0.09
Other Liab	0.55	-0.71	0.84	0.82	0.52		0.75	0.61	-0.6	0.6	0.11	0.29	0.45	0.7	-0.7	0.11	0.76	-0.51	-0.7	0.83	-0.72	-0.59	0.71	0.8	0.77	0.01
Net Tangible Assets	0.7	-0.64	0.66	0.81	0.8	0.75		0.82	-0.67	0.68	0.47	0.48	0.41	0.4	-0.71	0.47	0.72	-0.42	-0.69	0.91	-0.8	-0.55	0.78	0.93	0.91	0.04
Property Plant And Equipment Net	0.93	-0.46	0.71	0.93	0.95	0.61	0.82		-0.41	0.79	0.1	0.86	0.35	0.16	-0.52	0.1	0.89	0.04	-0.56	0.77	-0.65	-0.39	0.83	0.89	0.76	0.35
Net Debt	-0.51	0.95	-0.42	-0.54	-0.58	-0.6	-0.67	-0.41		-0.56	-0.71	-0.24	-0.4	-0.73	0.97	-0.71	-0.53	0.44	0.95	-0.87	0.95	0.95	-0.75	-0.65	-0.87	0.66
Accounts Payable	0.82	-0.66	0.4	0.86	0.84	0.6	0.68	0.79	-0.56		0.11	0.67	0.06	0.29	-0.7	0.11	0.88	-0.02	-0.73	0.76	-0.76	-0.64	0.86	0.85	0.82	-0.02
Cash	0.12	-0.46	-0.01	0.04	0.29	0.11	0.47	0.1	-0.71	0.11		-0.07	0.1	0.34	-0.53	1.0	-0.02	-0.44	-0.47	0.5	-0.56	-0.48	0.37	0.31	0.52	-0.53
Non Current Assets Total	0.94	-0.33	0.55	0.76	0.88	0.29	0.48	0.86	-0.24	0.67	-0.07		0.22	-0.06	-0.35	-0.07	0.79	0.51	-0.44	0.5	-0.46	-0.31	0.73	0.62	0.49	0.3
Non Currrent Assets Other	0.3	-0.44	0.63	0.36	0.26	0.45	0.41	0.35	-0.4	0.06	0.1	0.22		0.42	-0.44	0.1	0.34	-0.37	-0.41	0.46	-0.42	-0.38	0.24	0.31	0.39	-0.09
Other Assets	0.21	-0.77	0.52	0.42	0.19	0.7	0.4	0.16	-0.73	0.29	0.34	-0.06	0.42		-0.76	0.34	0.39	-0.57	-0.73	0.65	-0.7	-0.73	0.47	0.44	0.62	-0.51
Long Term Debt	-0.62	0.99	-0.52	-0.68	-0.66	-0.7	-0.71	-0.52	0.97	-0.7	-0.53	-0.35	-0.44	-0.76		-0.53	-0.69	0.38	0.99	-0.91	0.98	0.98	-0.81	-0.74	-0.92	0.57
Cash And Short Term Investments	0.12	-0.46	-0.01	0.04	0.29	0.11	0.47	0.1	-0.71	0.11	1.0	-0.07	0.1	0.34	-0.53		-0.02	-0.44	-0.47	0.5	-0.56	-0.48	0.37	0.31	0.52	-0.53
Net Receivables	0.93	-0.67	0.75	0.98	0.86	0.76	0.72	0.89	-0.53	0.88	-0.02	0.79	0.34	0.39	-0.69	-0.02		0.02	-0.75	0.81	-0.75	-0.62	0.9	0.85	0.8	0.12
Good Will	0.22	0.35	-0.17	-0.09	0.12	-0.51	-0.42	0.04	0.44	-0.02	-0.44	0.51	-0.37	-0.57	0.38	-0.44	0.02		0.28	-0.41	0.36	0.28	-0.07	-0.29	-0.4	0.23
Common Stock Total Equity	-0.69	0.98	-0.57	-0.73	-0.7	-0.7	-0.69	-0.56	0.95	-0.73	-0.47	-0.44	-0.41	-0.73	0.99	-0.47	-0.75	0.28		-0.91	0.98	0.97	-0.86	-0.74	-0.91	0.53
Common Stock Shares Outstanding	0.76	-0.87	0.7	0.86	0.81	0.83	0.91	0.77	-0.87	0.76	0.5	0.5	0.46	0.65	-0.91	0.5	0.81	-0.41	-0.91		-0.96	-0.81	0.91	0.92	0.99	-0.22
Long Term Debt Total	-0.72	0.95	-0.56	-0.76	-0.77	-0.72	-0.8	-0.65	0.95	-0.76	-0.56	-0.46	-0.42	-0.7	0.98	-0.56	-0.75	0.36	0.98	-0.96		0.93	-0.89	-0.83	-0.97	0.43
Non Current Liabilities Total	-0.55	0.99	-0.41	-0.58	-0.57	-0.59	-0.55	-0.39	0.95	-0.64	-0.48	-0.31	-0.38	-0.73	0.98	-0.48	-0.62	0.28	0.97	-0.81	0.93		-0.74	-0.61	-0.83	0.69
Inventory	0.91	-0.78	0.66	0.91	0.91	0.71	0.78	0.83	-0.75	0.86	0.37	0.73	0.24	0.47	-0.81	0.37	0.9	-0.07	-0.86	0.91	-0.89	-0.74		0.89	0.9	-0.1
Other Current Assets	0.82	-0.69	0.67	0.92	0.88	0.8	0.93	0.89	-0.65	0.85	0.31	0.62	0.31	0.44	-0.74	0.31	0.85	-0.29	-0.74	0.92	-0.83	-0.61	0.89		0.92	0.09
Other Stockholder Equity	0.75	-0.87	0.6	0.84	0.82	0.77	0.91	0.76	-0.87	0.82	0.52	0.49	0.39	0.62	-0.92	0.52	0.8	-0.4	-0.91	0.99	-0.97	-0.83	0.9	0.92		-0.25
Total Liab	0.14	0.61	0.21	0.19	0.09	0.01	0.04	0.35	0.66	-0.02	-0.53	0.3	-0.09	-0.51	0.57	-0.53	0.12	0.23	0.53	-0.22	0.43	0.69	-0.1	0.09	-0.25

Click cells to compare fundamentals

Select Energy Account Relationship Matchups

Select Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	875.4M	950.2M	1.2B	1.2B	1.1B
Short Long Term Debt Total	91.6M	75.3M	67.3M	80.2M	53.5M	72.0M
Other Current Liab	46.4M	39.6M	57.9M	81.2M	148.3M	74.3M
Total Current Liabilities	151.9M	88.8M	162.0M	231.3M	211.5M	161.6M
Total Stockholder Equity	937.2M	593.1M	592.1M	766.0M	772.5M	682.0M
Other Liab	10.7M	19.7M	39.8M	45.4M	52.3M	28.8M
Net Tangible Assets	533.3M	593.1M	483.6M	766.0M	880.9M	446.8M
Property Plant And Equipment Net	523.0M	402.7M	439.5M	547.2M	557.1M	496.7M
Net Debt	12.3M	(93.7M)	(18.5M)	72.8M	(3.5M)	(3.4M)
Accounts Payable	86.0M	34.9M	90.0M	132.3M	46.7M	71.9M
Cash	79.3M	169.0M	85.8M	7.3M	57.1M	58.0M
Non Current Assets Total	932.0M	523.9M	555.4M	704.9M	764.4M	750.7M
Non Currrent Assets Other	5.1M	5.1M	341K	5.7M	12.8M	13.4M
Other Assets	5.1M	5.1M	7.4M	5.7M	6.6M	6.1M
Cash And Short Term Investments	79.3M	169.0M	85.8M	7.3M	57.1M	58.0M
Net Receivables	272.3M	129.5M	233.0M	435.1M	322.8M	277.8M
Good Will	273.4M	273.8M	266.9M	0.0	4.7M	4.4M
Common Stock Total Equity	1.0M	868K	1.1M	1.3M	1.1M	1.1M
Common Stock Shares Outstanding	80.7M	85.2M	87.3M	96.0M	103.4M	85.0M
Liabilities And Stockholders Equity	1.3B	875.4M	950.2M	1.2B	1.2B	1.1B
Non Current Liabilities Total	82.9M	80.7M	93.0M	107.8M	114.8M	83.4M
Inventory	37.5M	33.4M	44.5M	41.2M	38.7M	35.0M
Other Current Assets	26.5M	19.6M	31.5M	34.4M	35.5M	25.7M
Other Stockholder Equity	914.7M	909.3M	950.5M	1.1B	1.0B	894.3M
Total Liab	234.8M	169.5M	255.0M	339.1M	326.3M	276.3M
Property Plant And Equipment Gross	523.0M	878.9M	943.5M	1.1B	1.2B	758.8M
Total Current Assets	415.6M	351.5M	394.8M	517.9M	454.1M	396.5M
Short Term Debt	19.4M	14.3M	14.1M	17.8M	15.2M	13.0M
Intangible Assets	137.0M	116.1M	108.5M	138.8M	116.2M	116.4M
Common Stock	1.0M	1.0M	1.1M	1.3M	1.2M	1.1M
Property Plant Equipment	523.0M	350.4M	439.5M	499.6M	574.5M	468.5M
Retained Earnings	21.4M	(317.2M)	(359.5M)	(311.2M)	(236.8M)	(248.6M)
Capital Surpluse	914.7M	909.3M	950.5M	1.1B	1.2B	856.5M
Capital Lease Obligations	91.6M	75.3M	67.3M	64.2M	53.0M	55.8M
Deferred Long Term Liab	2.6M	2M	1.3M	600K	540K	513K
Non Current Liabilities Other	10.8M	61.0M	53.2M	46.4M	39.0M	33.1M

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

When determining whether Select Energy Services is a strong investment it is important to analyze Select 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 Select Energy's future performance. For an informed investment choice regarding Select Stock, refer to the following important reports:

How To Invest In Select

Details

Is Select Stock a good investment?

Details

What is Select Energy's Net Worth?

Details

Largest Oil & Gas Equipment & Services Companies

View

Largest Specialty Chemicals Companies

View

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Select Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Select Stock analysis

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

	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Content Syndication Quickly integrate customizable finance content to your own investment portal

Is Select Energy's industry 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 Select Energy. If investors know Select 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 Select Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.69)

Dividend Share

0.23

Earnings Share

0.64

Revenue Per Share

15.376

Quarterly Revenue Growth

(0.12)

The market value of Select Energy Services is measured differently than its book value, which is the value of Select that is recorded on the company's balance sheet. Investors also form their own opinion of Select Energy's value that differs from its market value or its book value, called intrinsic value, which is Select 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 Select Energy's market value can be influenced by many factors that don't directly affect Select 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 Select Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Select Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Select 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.

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

Select Accumulated Depreciation vs Short Term Debt Analysis

Accumulated Depreciation vs Short Term Debt

Accumulated Depreciation vs Short Term Debt Correlation Analysis

Correlation Coefficient

Accumulated Depreciation

Short Term Debt

Select Energy fundamental ratios Correlations

Select Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Select Energy fundamental ratios Accounts

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

Complementary Tools for Select Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Long Term Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Common Stock Total Equity	+ 0.99	Long Term Debt
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.98	Short Long Term Debt Total

Other Stockholder Equity	- 0.97	Long Term Debt Total
Long Term Debt Total	- 0.96	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.92	Long Term Debt
Other Stockholder Equity	- 0.91	Common Stock Total Equity
Common Stock Shares Outstanding	- 0.91	Common Stock Total Equity
Common Stock Shares Outstanding	- 0.91	Long Term Debt