Newpark Total Current Liabilities vs Total Assets Analysis

NR Stock

USD 5.48 2.28 29.38%

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 Total Current Liabilities and its Total Assets 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.

Total Current Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newpark Resources Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Newpark Resources' Total Current Liabilities and Total Assets is 0.84. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets 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' Total Current Liabilities and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Newpark Resources are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., Newpark Resources' Total Current Liabilities and Total Assets go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Newpark Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Newpark Resources 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 Assets

Total assets refers to the total amount of Newpark Resources 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 Newpark Resources 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.

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 06/16/2024, 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 Profit	85.2M	121.5M	138.5M	89.2M
Total Revenue	614.8M	815.6M	749.6M	549.7M

Gross Profit Total Revenue

Newpark Resources 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock
Total Assets		0.89	0.31	0.84	0.98	0.85	0.69	0.81	0.94	0.23	0.91	0.9	0.84	0.97	0.78	0.77	0.95	0.3	0.98	-0.2	0.52	0.9	0.61	0.61	0.42	0.56
Short Long Term Debt Total	0.89		0.22	0.63	0.77	0.65	0.81	0.65	0.78	0.23	0.87	0.8	0.96	0.85	0.75	0.57	0.97	0.2	0.9	-0.3	0.61	0.84	0.51	0.51	0.14	0.29
Other Current Liab	0.31	0.22		0.3	0.32	0.35	0.05	0.1	0.35	-0.53	0.27	0.34	0.21	0.28	-0.17	0.46	0.27	0.76	0.26	-0.26	0.33	0.34	0.07	0.07	0.63	0.61
Total Current Liabilities	0.84	0.63	0.3		0.86	0.78	0.53	0.6	0.81	0.2	0.78	0.83	0.5	0.81	0.55	0.82	0.74	0.28	0.81	0.22	0.31	0.78	0.48	0.48	0.57	0.68
Total Stockholder Equity	0.98	0.77	0.32	0.86		0.92	0.56	0.83	0.96	0.21	0.83	0.86	0.71	0.95	0.74	0.81	0.86	0.36	0.93	-0.08	0.43	0.82	0.64	0.64	0.51	0.65
Property Plant And Equipment Net	0.85	0.65	0.35	0.78	0.92		0.42	0.73	0.94	0.19	0.59	0.68	0.54	0.84	0.57	0.86	0.69	0.44	0.75	0.08	0.41	0.6	0.6	0.6	0.57	0.73
Net Debt	0.69	0.81	0.05	0.53	0.56	0.42		0.3	0.6	0.41	0.79	0.75	0.81	0.75	0.55	0.52	0.82	-0.12	0.71	-0.35	0.65	0.79	0.04	0.04	0.08	0.2
Retained Earnings	0.81	0.65	0.1	0.6	0.83	0.73	0.3		0.73	0.33	0.65	0.52	0.63	0.74	0.74	0.4	0.7	0.14	0.8	-0.1	0.13	0.61	0.87	0.87	0.15	0.26
Non Current Assets Total	0.94	0.78	0.35	0.81	0.96	0.94	0.6	0.73		0.14	0.75	0.85	0.71	0.92	0.66	0.86	0.84	0.44	0.85	-0.08	0.62	0.76	0.51	0.51	0.54	0.7
Non Currrent Assets Other	0.23	0.23	-0.53	0.2	0.21	0.19	0.41	0.33	0.14		0.28	0.05	0.23	0.25	0.4	0.08	0.25	-0.79	0.28	0.05	-0.12	0.21	0.18	0.18	-0.46	-0.27
Net Receivables	0.91	0.87	0.27	0.78	0.83	0.59	0.79	0.65	0.75	0.28		0.89	0.87	0.88	0.73	0.62	0.95	0.1	0.96	-0.34	0.45	0.96	0.45	0.45	0.24	0.36
Common Stock Shares Outstanding	0.9	0.8	0.34	0.83	0.86	0.68	0.75	0.52	0.85	0.05	0.89		0.76	0.9	0.67	0.79	0.88	0.35	0.87	-0.18	0.61	0.9	0.29	0.29	0.51	0.61
Non Current Liabilities Total	0.84	0.96	0.21	0.5	0.71	0.54	0.81	0.63	0.71	0.23	0.87	0.76		0.82	0.75	0.46	0.95	0.12	0.88	-0.54	0.62	0.85	0.45	0.45	0.07	0.19
Inventory	0.97	0.85	0.28	0.81	0.95	0.84	0.75	0.74	0.92	0.25	0.88	0.9	0.82		0.73	0.79	0.92	0.27	0.95	-0.24	0.54	0.9	0.52	0.52	0.48	0.6
Other Current Assets	0.78	0.75	-0.17	0.55	0.74	0.57	0.55	0.74	0.66	0.4	0.73	0.67	0.75	0.73		0.39	0.77	-0.07	0.81	-0.2	0.26	0.65	0.67	0.67	0.01	0.11
Other Stockholder Equity	0.77	0.57	0.46	0.82	0.81	0.86	0.52	0.4	0.86	0.08	0.62	0.79	0.46	0.79	0.39		0.65	0.46	0.66	0.05	0.53	0.67	0.23	0.23	0.72	0.88
Total Liab	0.95	0.97	0.27	0.74	0.86	0.69	0.82	0.7	0.84	0.25	0.95	0.88	0.95	0.92	0.77	0.65		0.19	0.97	-0.34	0.59	0.94	0.52	0.52	0.26	0.39
Property Plant And Equipment Gross	0.3	0.2	0.76	0.28	0.36	0.44	-0.12	0.14	0.44	-0.79	0.1	0.35	0.12	0.27	-0.07	0.46	0.19		0.19	0.01	0.36	0.17	0.19	0.19	0.75	0.69
Total Current Assets	0.98	0.9	0.26	0.81	0.93	0.75	0.71	0.8	0.85	0.28	0.96	0.87	0.88	0.95	0.81	0.66	0.97	0.19		-0.26	0.42	0.93	0.64	0.64	0.32	0.44
Short Term Debt	-0.2	-0.3	-0.26	0.22	-0.08	0.08	-0.35	-0.1	-0.08	0.05	-0.34	-0.18	-0.54	-0.24	-0.2	0.05	-0.34	0.01	-0.26		-0.38	-0.4	0.05	0.05	0.06	0.08
Intangible Assets	0.52	0.61	0.33	0.31	0.43	0.41	0.65	0.13	0.62	-0.12	0.45	0.61	0.62	0.54	0.26	0.53	0.59	0.36	0.42	-0.38		0.53	-0.15	-0.15	0.3	0.42
Accounts Payable	0.9	0.84	0.34	0.78	0.82	0.6	0.79	0.61	0.76	0.21	0.96	0.9	0.85	0.9	0.65	0.67	0.94	0.17	0.93	-0.4	0.53		0.39	0.39	0.39	0.49
Cash	0.61	0.51	0.07	0.48	0.64	0.6	0.04	0.87	0.51	0.18	0.45	0.29	0.45	0.52	0.67	0.23	0.52	0.19	0.64	0.05	-0.15	0.39		1.0	0.12	0.17
Cash And Short Term Investments	0.61	0.51	0.07	0.48	0.64	0.6	0.04	0.87	0.51	0.18	0.45	0.29	0.45	0.52	0.67	0.23	0.52	0.19	0.64	0.05	-0.15	0.39	1.0		0.12	0.17
Common Stock Total Equity	0.42	0.14	0.63	0.57	0.51	0.57	0.08	0.15	0.54	-0.46	0.24	0.51	0.07	0.48	0.01	0.72	0.26	0.75	0.32	0.06	0.3	0.39	0.12	0.12		0.94
Common Stock	0.56	0.29	0.61	0.68	0.65	0.73	0.2	0.26	0.7	-0.27	0.36	0.61	0.19	0.6	0.11	0.88	0.39	0.69	0.44	0.08	0.42	0.49	0.17	0.17	0.94

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Newpark Resources Account Relationship Matchups

Newpark Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	900.1M	709.2M	752.9M	714.9M	642.3M	628.4M
Short Long Term Debt Total	186.8M	112.2M	137.2M	133.9M	92.4M	156.2M
Other Current Liab	42.8M	36.9M	46.6M	46.9M	66.2M	69.5M
Total Current Liabilities	128.9M	153.7M	150.4M	162.9M	136.3M	103.1M
Total Stockholder Equity	548.6M	488.0M	462.4M	423.0M	415.4M	364.0M
Property Plant And Equipment Net	342.4M	308.7M	287.8M	216.9M	216.0M	218.0M
Net Debt	138.1M	88.0M	113.1M	110.7M	53.8M	51.2M
Retained Earnings	134.1M	50.9M	24.3M	2.5M	10.8M	11.3M
Non Current Assets Total	421.3M	381.0M	364.4M	288.9M	285.1M	316.2M
Non Currrent Assets Other	3.2M	2.8M	2.0M	2.4M	(275.7M)	(261.9M)
Net Receivables	216.7M	141.0M	194.3M	242.2M	168.5M	156.6M
Common Stock Shares Outstanding	89.8M	90.2M	91.5M	92.7M	88.3M	86.1M
Liabilities And Stockholders Equity	900.1M	709.2M	752.9M	714.9M	642.3M	628.4M
Non Current Liabilities Total	222.6M	67.5M	140.1M	128.9M	90.7M	161.3M
Inventory	196.9M	147.9M	155.3M	149.6M	141.1M	104.5M
Other Current Assets	16.5M	15.1M	14.8M	11.0M	9.1M	8.6M
Other Stockholder Equity	481.4M	490.2M	498.4M	486.6M	403.5M	400.5M
Total Liab	351.4M	221.2M	290.5M	291.8M	227.0M	264.4M
Property Plant And Equipment Gross	342.4M	308.7M	287.8M	216.9M	525.7M	551.9M
Total Current Assets	478.8M	328.2M	388.5M	426.0M	357.2M	312.2M
Accumulated Other Comprehensive Income	(67.9M)	(54.2M)	(61.5M)	(67.2M)	(62.8M)	(59.7M)
Short Term Debt	6.3M	67.5M	19.2M	22.4M	16.9M	15.4M
Intangible Assets	29.7M	25.4M	25.0M	20.2M	17.1M	33.6M
Accounts Payable	79.8M	49.3M	84.6M	93.6M	70.1M	57.1M
Cash	48.7M	24.2M	24.1M	23.2M	38.6M	29.5M
Cash And Short Term Investments	48.7M	24.2M	24.1M	23.2M	38.6M	29.5M
Common Stock Total Equity	1.1M	1.1M	1.1M	1.1M	1.3M	1.0M
Common Stock	1.1M	1.1M	1.1M	1.1M	1.1M	1.0M
Other Liab	42.1M	22.7M	22.2M	17.4M	20.0M	17.4M
Other Assets	6.8M	35.4M	4.3M	4.7M	4.7M	4.5M
Long Term Debt	153.5M	19.7M	95.6M	91.7M	58.1M	55.2M
Property Plant Equipment	342.4M	308.7M	287.8M	216.9M	249.4M	272.0M
Good Will	43.8M	42.3M	42.4M	47.3M	47.1M	54.5M
Treasury Stock	(129.8M)	(139.2M)	(136.8M)	(136.5M)	(122.9M)	(129.0M)
Net Tangible Assets	476.6M	420.2M	390.1M	355.7M	320.1M	356.7M
Retained Earnings Total Equity	134.1M	50.9M	24.3M	2.5M	2.2M	2.1M
Long Term Debt Total	153.5M	19.7M	95.6M	91.7M	82.5M	114.3M
Capital Surpluse	620.6M	627.0M	634.9M	641.3M	737.5M	625.7M

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Newpark Total Current Liabilities vs Total Assets Analysis

Total Current Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Total Assets

Newpark Resources fundamental ratios Correlations

Newpark Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Newpark Resources fundamental ratios Accounts

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

Additional Tools for Newpark Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Inventory	+ 0.97	Total Assets
Total Liab	+ 0.97	Short Long Term Debt Total
Total Current Assets	+ 0.97	Total Liab

Property Plant And Equipment Gross	- 0.79	Non Currrent Assets Other
Short Term Debt	- 0.54	Non Current Liabilities Total
Non Currrent Assets Other	- 0.53	Other Current Liab
Common Stock Total Equity	- 0.46	Non Currrent Assets Other
Accounts Payable	- 0.4	Short Term Debt
Intangible Assets	- 0.38	Short Term Debt