Newpark Short Long Term Debt vs Total Stockholder Equity Analysis

NR Stock  USD 6.66  0.07  1.04%   
Newpark Resources financial indicator trend analysis is infinitely more than just investigating Newpark Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newpark Resources is a good investment. Please check the relationship between Newpark Resources Short Long Term Debt and its Total Stockholder Equity accounts. 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.

Short Long Term Debt vs Total Stockholder Equity

Short Long Term Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newpark Resources Short Long Term Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Newpark Resources' Short Long Term Debt and Total Stockholder Equity is -0.03. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Newpark Resources, assuming nothing else is changed. The correlation between historical values of Newpark Resources' Short Long Term Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Newpark Resources are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Long Term Debt i.e., Newpark Resources' Short Long Term Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

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.
Most indicators from Newpark Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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' Tax Provision is relatively stable compared to the past year. As of 11/01/2024, Enterprise Value Over EBITDA is likely to grow to 12.43, though Discontinued Operations is likely to grow to (14.8 M).
 2021 2022 2023 2024 (projected)
Gross Profit85.2M121.5M138.5M89.2M
Total Revenue614.8M815.6M749.6M549.7M

Newpark Resources fundamental ratios Correlations

0.890.310.840.980.850.690.810.940.230.910.90.840.970.780.770.950.30.98-0.20.520.90.610.610.420.56
0.890.220.630.770.650.810.650.780.230.870.80.960.850.750.570.970.20.9-0.30.610.840.510.510.140.29
0.310.220.30.320.350.050.10.35-0.530.270.340.210.28-0.170.460.270.760.26-0.260.330.340.070.070.630.61
0.840.630.30.860.780.530.60.810.20.780.830.50.810.550.820.740.280.810.220.310.780.480.480.570.68
0.980.770.320.860.920.560.830.960.210.830.860.710.950.740.810.860.360.93-0.080.430.820.640.640.510.65
0.850.650.350.780.920.420.730.940.190.590.680.540.840.570.860.690.440.750.080.410.60.60.60.570.73
0.690.810.050.530.560.420.30.60.410.790.750.810.750.550.520.82-0.120.71-0.350.650.790.040.040.080.2
0.810.650.10.60.830.730.30.730.330.650.520.630.740.740.40.70.140.8-0.10.130.610.870.870.150.26
0.940.780.350.810.960.940.60.730.140.750.850.710.920.660.860.840.440.85-0.080.620.760.510.510.540.7
0.230.23-0.530.20.210.190.410.330.140.280.050.230.250.40.080.25-0.790.280.05-0.120.210.180.18-0.46-0.27
0.910.870.270.780.830.590.790.650.750.280.890.870.880.730.620.950.10.96-0.340.450.960.450.450.240.36
0.90.80.340.830.860.680.750.520.850.050.890.760.90.670.790.880.350.87-0.180.610.90.290.290.510.61
0.840.960.210.50.710.540.810.630.710.230.870.760.820.750.460.950.120.88-0.540.620.850.450.450.070.19
0.970.850.280.810.950.840.750.740.920.250.880.90.820.730.790.920.270.95-0.240.540.90.520.520.480.6
0.780.75-0.170.550.740.570.550.740.660.40.730.670.750.730.390.77-0.070.81-0.20.260.650.670.670.010.11
0.770.570.460.820.810.860.520.40.860.080.620.790.460.790.390.650.460.660.050.530.670.230.230.720.88
0.950.970.270.740.860.690.820.70.840.250.950.880.950.920.770.650.190.97-0.340.590.940.520.520.260.39
0.30.20.760.280.360.44-0.120.140.44-0.790.10.350.120.27-0.070.460.190.190.010.360.170.190.190.750.69
0.980.90.260.810.930.750.710.80.850.280.960.870.880.950.810.660.970.19-0.260.420.930.640.640.320.44
-0.2-0.3-0.260.22-0.080.08-0.35-0.1-0.080.05-0.34-0.18-0.54-0.24-0.20.05-0.340.01-0.26-0.38-0.40.050.050.060.08
0.520.610.330.310.430.410.650.130.62-0.120.450.610.620.540.260.530.590.360.42-0.380.53-0.15-0.150.30.42
0.90.840.340.780.820.60.790.610.760.210.960.90.850.90.650.670.940.170.93-0.40.530.390.390.390.49
0.610.510.070.480.640.60.040.870.510.180.450.290.450.520.670.230.520.190.640.05-0.150.391.00.120.17
0.610.510.070.480.640.60.040.870.510.180.450.290.450.520.670.230.520.190.640.05-0.150.391.00.120.17
0.420.140.630.570.510.570.080.150.54-0.460.240.510.070.480.010.720.260.750.320.060.30.390.120.120.94
0.560.290.610.680.650.730.20.260.7-0.270.360.610.190.60.110.880.390.690.440.080.420.490.170.170.94
Click cells to compare fundamentals

Newpark Resources Account Relationship Matchups

Newpark Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets900.1M709.2M752.9M714.9M642.3M628.4M
Short Long Term Debt Total186.8M112.2M137.2M133.9M92.4M156.2M
Other Current Liab42.8M36.9M46.6M46.9M66.2M69.5M
Total Current Liabilities128.9M153.7M150.4M162.9M136.3M103.1M
Total Stockholder Equity548.6M488.0M462.4M423.0M415.4M364.0M
Property Plant And Equipment Net342.4M308.7M287.8M216.9M216.0M218.0M
Net Debt138.1M88.0M113.1M110.7M53.8M51.2M
Retained Earnings134.1M50.9M24.3M2.5M10.8M11.3M
Non Current Assets Total421.3M381.0M364.4M288.9M285.1M316.2M
Non Currrent Assets Other3.2M2.8M2.0M2.4M(275.7M)(261.9M)
Net Receivables216.7M141.0M194.3M242.2M168.5M156.6M
Common Stock Shares Outstanding89.8M90.2M91.5M92.7M88.3M86.1M
Liabilities And Stockholders Equity900.1M709.2M752.9M714.9M642.3M628.4M
Non Current Liabilities Total222.6M67.5M140.1M128.9M90.7M161.3M
Inventory196.9M147.9M155.3M149.6M141.1M104.5M
Other Current Assets16.5M15.1M14.8M11.0M9.1M8.6M
Other Stockholder Equity481.4M490.2M498.4M486.6M403.5M400.5M
Total Liab351.4M221.2M290.5M291.8M227.0M264.4M
Property Plant And Equipment Gross342.4M308.7M287.8M216.9M525.7M551.9M
Total Current Assets478.8M328.2M388.5M426.0M357.2M312.2M
Accumulated Other Comprehensive Income(67.9M)(54.2M)(61.5M)(67.2M)(62.8M)(59.7M)
Short Term Debt6.3M67.5M19.2M22.4M16.9M15.4M
Intangible Assets29.7M25.4M25.0M20.2M17.1M33.6M
Accounts Payable79.8M49.3M84.6M93.6M70.1M57.1M
Cash48.7M24.2M24.1M23.2M38.6M29.5M
Cash And Short Term Investments48.7M24.2M24.1M23.2M38.6M29.5M
Common Stock Total Equity1.1M1.1M1.1M1.1M1.3M1.0M
Common Stock1.1M1.1M1.1M1.1M1.1M1.0M
Other Liab42.1M22.7M22.2M17.4M20.0M17.4M
Other Assets6.8M35.4M4.3M4.7M4.7M4.5M
Long Term Debt153.5M19.7M95.6M91.7M58.1M55.2M
Property Plant Equipment342.4M308.7M287.8M216.9M249.4M272.0M
Good Will43.8M42.3M42.4M47.3M47.1M54.5M
Treasury Stock(129.8M)(139.2M)(136.8M)(136.5M)(122.9M)(129.0M)
Net Tangible Assets476.6M420.2M390.1M355.7M320.1M356.7M
Retained Earnings Total Equity134.1M50.9M24.3M2.5M2.2M2.1M
Long Term Debt Total153.5M19.7M95.6M91.7M82.5M114.3M
Capital Surpluse620.6M627.0M634.9M641.3M737.5M625.7M

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

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Moving against Newpark Stock

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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.
Pair CorrelationCorrelation Matching

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.