National Historical Balance Sheet
| NESR Stock | USD 9.05 0.15 1.63% |
Trend analysis of National Energy Services balance sheet accounts such as Total Current Liabilities of 365.1 M provides information on National Energy's total assets, liabilities, and equity, which is the actual value of National Energy Services to its prevalent stockholders. By breaking down trends over time using National Energy 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 National Energy Services 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 National Energy Services is a good buy for the upcoming year.
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About National Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of National Energy Services at a specified time, usually calculated after every quarter, six months, or one year. National Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of National Energy 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 National currently owns. An asset can also be divided into two categories, current and non-current.
National Energy Balance Sheet Chart
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of National Energy 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 National Energy Services 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 National Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of National Energy Services 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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most accounts from National Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into National Energy Services 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 National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, National Energy's Capital Stock is relatively stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 821.0M | 802.3M | 821.5M | 836.9M | Total Current Liabilities | 431.9M | 544.1M | 533.4M | 365.1M |
National Energy balance sheet Correlations
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National Energy Account Relationship Matchups
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High Negative Relationship
National Energy balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 87.0M | 89.1M | 91.0M | 94.0M | 94.7M | 119.7M | |
| Total Assets | 1.5B | 1.7B | 1.8B | 1.8B | 1.8B | 1.6B | |
| Other Current Liab | 25.6M | 30.4M | 17.8M | 26.2M | 31.1M | 24.4M | |
| Total Current Liabilities | 228.1M | 359.4M | 431.9M | 544.1M | 533.4M | 365.1M | |
| Total Stockholder Equity | 886.5M | 944.4M | 821.0M | 802.3M | 821.5M | 836.9M | |
| Current Deferred Revenue | 83.9M | 94.5M | 12.4M | 23.1M | 20.8M | 36.0M | |
| Net Debt | 310.3M | 323.5M | 390.1M | 456.2M | 416.9M | 341.5M | |
| Retained Earnings | 67.7M | 117.7M | (35.8M) | (75.0M) | (62.4M) | (59.3M) | |
| Accounts Payable | 65.7M | 144.6M | 314.6M | 353.5M | 351.2M | 204.2M | |
| Cash | 73.2M | 75.0M | 205.8M | 78.9M | 67.8M | 82.7M | |
| Non Current Assets Total | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B | 1.1B | |
| Non Currrent Assets Other | 2.4M | 2.8M | 11.7M | 51.5M | 52.3M | 40.9M | |
| Long Term Debt | 330.6M | 319.7M | 508.8M | 391.9M | 331.6M | 331.2M | |
| Cash And Short Term Investments | 73.2M | 75.0M | 205.8M | 67.8M | 78.0M | 82.0M | |
| Good Will | 570.5M | 574.8M | 620.9M | 645.1M | 741.9M | 581.7M | |
| Liabilities And Stockholders Equity | 1.5B | 1.7B | 1.8B | 1.8B | 2.1B | 1.5B | |
| Non Current Liabilities Total | 407.8M | 383.3M | 578.4M | 481.9M | 442.8M | 407.4M | |
| Inventory | 78.8M | 94.3M | 93.9M | 110.5M | 98.4M | 83.9M | |
| Other Current Assets | 52.4M | 40.7M | 47.5M | 16.7M | 10.8M | 10.2M | |
| Total Liab | 635.9M | 742.6M | 1.0B | 1.0B | 976.2M | 772.5M | |
| Net Invested Capital | 1.3B | 1.3B | 1.4B | 1.3B | 1.3B | 1.3B | |
| Short Long Term Debt | 53.0M | 80.1M | 87.1M | 143.2M | 120.6M | 88.2M | |
| Total Current Assets | 403.2M | 515.2M | 627.4M | 537.8M | 541.7M | 459.8M | |
| Accumulated Other Comprehensive Income | 48K | 29K | 64K | 69K | 79.4K | 51.2K | |
| Non Current Liabilities Other | 34.2M | 37.9M | 37.2M | 40.6M | 57.2M | 46.3M | |
| Net Working Capital | 175.1M | 152.3M | 195.5M | (6.3M) | 8.3M | 7.9M | |
| Short Term Debt | 53.0M | 89.9M | 87.1M | 128.0M | 147.2M | 79.7M | |
| Intangible Assets | 122.7M | 110.4M | 121.6M | 102.9M | 84.3M | 106.9M | |
| Common Stock | 818.8M | 826.6M | 856.8M | 883.9M | 1.0B | 808.4M | |
| Short Long Term Debt Total | 383.5M | 398.5M | 595.8M | 484.7M | 557.5M | 476.2M | |
| Property Plant And Equipment Net | 419.3M | 437.7M | 425.5M | 491.0M | 474.3M | 472.4M | |
| Net Receivables | 189.2M | 293.7M | 274.1M | 148.7M | 355.5M | 263.2M | |
| Property Plant And Equipment Gross | 419.3M | 458.5M | 659.1M | 814.4M | 895.1M | 655.4M |
Pair Trading with National Energy
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 National Energy 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 National Energy will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
| 0.58 | ENSV | Enservco | PairCorr |
| 0.4 | HAL | Halliburton Fiscal Year End 28th of January 2025 | PairCorr |
| 0.38 | WFRD | Weatherford International | PairCorr |
| 0.37 | CHX | ChampionX | PairCorr |
| 0.31 | XPRO | Expro Group Holdings | PairCorr |
The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy 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 National Energy - 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 National Energy Services to buy it.
The correlation of National Energy 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 National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services 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 National Energy 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 National Stock Analysis
When running National Energy's price analysis, check to measure National 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 National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National 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 National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.