Natural Total Assets vs Inventory Analysis

NGS Stock

USD 25.33 0.59 2.28%

Natural Gas financial indicator trend analysis is infinitely more than just investigating Natural Gas Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natural Gas Services is a good investment. Please check the relationship between Natural Gas Total Assets and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natural Gas 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 price.

Total Assets vs Inventory

Total Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natural Gas Services Total Assets account and Inventory. At this time, the significance of the direction appears to have weak relationship.

The correlation between Natural Gas' Total Assets and Inventory is 0.36. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Natural Gas Services, assuming nothing else is changed. The correlation between historical values of Natural Gas' Total Assets and Inventory 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 Assets of Natural Gas Services are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., Natural Gas' Total Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Natural Gas 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 Natural Gas 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.

Inventory

Most indicators from Natural Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natural Gas 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natural Gas 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 price.

At this time, Natural Gas' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 2 M in 2025, whereas Enterprise Value Multiple is likely to drop 9.44 in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	364K	4.1M	3.7M	3.9M
Depreciation And Amortization	24.1M	26.6M	30.5M	16.2M

Interest Expense Depreciation And Amortization

Natural Gas fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	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
Total Assets		0.83	0.7	0.84	0.59	0.98	-0.35	0.72	0.57	0.87	-0.18	0.99	0.19	-0.08	0.84	-0.18	0.9	0.68	0.61	0.89	0.36	0.11	0.14	0.9	0.92	0.49
Short Long Term Debt Total	0.83		0.64	0.86	0.1	0.88	-0.38	0.96	0.09	0.98	-0.49	0.87	0.26	-0.38	0.99	-0.49	0.96	0.22	0.11	0.98	-0.07	-0.05	-0.24	0.98	0.89	0.1
Other Current Liab	0.7	0.64		0.92	0.3	0.74	-0.38	0.66	0.29	0.72	-0.46	0.74	-0.38	-0.25	0.67	-0.46	0.79	0.41	0.28	0.66	0.08	0.03	-0.21	0.71	0.86	0.11
Total Current Liabilities	0.84	0.86	0.92		0.25	0.89	-0.29	0.86	0.22	0.92	-0.53	0.88	-0.09	-0.36	0.88	-0.53	0.94	0.42	0.3	0.88	0.09	-0.02	-0.24	0.91	0.96	0.12
Total Stockholder Equity	0.59	0.1	0.3	0.25		0.5	-0.16	-0.03	0.99	0.17	0.37	0.51	0.04	0.47	0.12	0.37	0.25	0.94	0.92	0.2	0.68	0.28	0.56	0.21	0.37	0.79
Property Plant And Equipment Net	0.98	0.88	0.74	0.89	0.5		-0.36	0.81	0.47	0.91	-0.37	1.0	0.15	-0.15	0.89	-0.37	0.94	0.61	0.52	0.92	0.25	0.1	-0.02	0.93	0.96	0.32
Current Deferred Revenue	-0.35	-0.38	-0.38	-0.29	-0.16	-0.36		-0.35	-0.25	-0.34	0.1	-0.35	0.04	-0.03	-0.38	0.1	-0.4	0.03	0.1	-0.34	0.23	-0.05	-0.1	-0.34	-0.39	-0.11
Net Debt	0.72	0.96	0.66	0.86	-0.03	0.81	-0.35		-0.04	0.94	-0.7	0.81	0.15	-0.49	0.95	-0.7	0.93	0.11	-0.01	0.93	-0.18	-0.08	-0.43	0.93	0.86	-0.13
Retained Earnings	0.57	0.09	0.29	0.22	0.99	0.47	-0.25	-0.04		0.15	0.4	0.48	0.03	0.5	0.12	0.4	0.24	0.89	0.87	0.18	0.62	0.27	0.59	0.19	0.35	0.81
Accounts Payable	0.87	0.98	0.72	0.92	0.17	0.91	-0.34	0.94	0.15		-0.5	0.91	0.21	-0.39	0.98	-0.5	0.98	0.31	0.21	0.98	0.03	-0.07	-0.21	0.99	0.93	0.14
Cash	-0.18	-0.49	-0.46	-0.53	0.37	-0.37	0.1	-0.7	0.4	-0.5		-0.34	0.18	0.57	-0.49	1.0	-0.48	0.2	0.3	-0.44	0.37	0.11	0.75	-0.46	-0.46	0.71
Non Current Assets Total	0.99	0.87	0.74	0.88	0.51	1.0	-0.35	0.81	0.48	0.91	-0.34		0.16	-0.15	0.88	-0.34	0.94	0.62	0.54	0.92	0.27	0.09	0.0	0.93	0.95	0.34
Non Currrent Assets Other	0.19	0.26	-0.38	-0.09	0.04	0.15	0.04	0.15	0.03	0.21	0.18	0.16		0.23	0.28	0.18	0.13	0.0	0.07	0.25	0.0	0.09	0.15	0.2	0.03	0.22
Other Assets	-0.08	-0.38	-0.25	-0.36	0.47	-0.15	-0.03	-0.49	0.5	-0.39	0.57	-0.15	0.23		-0.32	0.57	-0.29	0.24	0.29	-0.38	-0.01	0.42	0.31	-0.39	-0.2	0.38
Long Term Debt	0.84	0.99	0.67	0.88	0.12	0.89	-0.38	0.95	0.12	0.98	-0.49	0.88	0.28	-0.32		-0.49	0.97	0.24	0.13	0.98	-0.1	0.03	-0.27	0.98	0.91	0.11
Cash And Short Term Investments	-0.18	-0.49	-0.46	-0.53	0.37	-0.37	0.1	-0.7	0.4	-0.5	1.0	-0.34	0.18	0.57	-0.49		-0.48	0.2	0.3	-0.44	0.37	0.11	0.75	-0.46	-0.46	0.71
Net Receivables	0.9	0.96	0.79	0.94	0.25	0.94	-0.4	0.93	0.24	0.98	-0.48	0.94	0.13	-0.29	0.97	-0.48		0.37	0.26	0.97	0.0	0.0	-0.22	0.98	0.98	0.16
Common Stock Total Equity	0.68	0.22	0.41	0.42	0.94	0.61	0.03	0.11	0.89	0.31	0.2	0.62	0.0	0.24	0.24	0.2	0.37		0.98	0.34	0.75	0.19	0.41	0.35	0.49	0.71
Common Stock Shares Outstanding	0.61	0.11	0.28	0.3	0.92	0.52	0.1	-0.01	0.87	0.21	0.3	0.54	0.07	0.29	0.13	0.3	0.26	0.98		0.25	0.81	0.2	0.51	0.26	0.38	0.73
Non Current Liabilities Total	0.89	0.98	0.66	0.88	0.2	0.92	-0.34	0.93	0.18	0.98	-0.44	0.92	0.25	-0.38	0.98	-0.44	0.97	0.34	0.25		0.07	-0.03	-0.15	1.0	0.91	0.19
Inventory	0.36	-0.07	0.08	0.09	0.68	0.25	0.23	-0.18	0.62	0.03	0.37	0.27	0.0	-0.01	-0.1	0.37	0.0	0.75	0.81	0.07		-0.07	0.72	0.07	0.08	0.64
Other Current Assets	0.11	-0.05	0.03	-0.02	0.28	0.1	-0.05	-0.08	0.27	-0.07	0.11	0.09	0.09	0.42	0.03	0.11	0.0	0.19	0.2	-0.03	-0.07		-0.04	-0.03	0.01	0.18
Other Stockholder Equity	0.14	-0.24	-0.21	-0.24	0.56	-0.02	-0.1	-0.43	0.59	-0.21	0.75	0.0	0.15	0.31	-0.27	0.75	-0.22	0.41	0.51	-0.15	0.72	-0.04		-0.16	-0.18	0.76
Total Liab	0.9	0.98	0.71	0.91	0.21	0.93	-0.34	0.93	0.19	0.99	-0.46	0.93	0.2	-0.39	0.98	-0.46	0.98	0.35	0.26	1.0	0.07	-0.03	-0.16		0.93	0.18
Property Plant And Equipment Gross	0.92	0.89	0.86	0.96	0.37	0.96	-0.39	0.86	0.35	0.93	-0.46	0.95	0.03	-0.2	0.91	-0.46	0.98	0.49	0.38	0.91	0.08	0.01	-0.18	0.93		0.21
Total Current Assets	0.49	0.1	0.11	0.12	0.79	0.32	-0.11	-0.13	0.81	0.14	0.71	0.34	0.22	0.38	0.11	0.71	0.16	0.71	0.73	0.19	0.64	0.18	0.76	0.18	0.21

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Natural Gas Account Relationship Matchups

Natural Gas fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	306.8M	298.5M	328.2M	478.7M	550.5M	578.1M
Short Long Term Debt Total	900K	285K	25.3M	164M	188.6M	198.0M
Other Current Liab	6.7M	14.1M	23.7M	15.1M	17.3M	18.2M
Total Current Liabilities	10.9M	20.3M	30.4M	32.7M	37.6M	39.5M
Total Stockholder Equity	251.5M	235.9M	230.1M	235.9M	271.3M	174.9M
Property Plant And Equipment Net	229.8M	228.1M	269.0M	394.2M	453.3M	476.0M
Current Deferred Revenue	640K	1.1M	1.3M	37K	42.6K	40.4K
Net Debt	(28.0M)	(22.7M)	22.0M	161.3M	145.1M	152.4M
Retained Earnings	139.3M	130.1M	129.5M	134.3M	154.4M	88.5M
Accounts Payable	2.4M	4.8M	6.5M	17.6M	20.3M	21.3M
Cash	28.9M	22.9M	3.4M	2.7M	3.2M	3.0M
Non Current Assets Total	234.1M	233.4M	274.1M	402.5M	462.8M	486.0M
Non Currrent Assets Other	3.1M	4.3M	(35.6M)	7.5M	6.7M	7.1M
Other Assets	220.4M	211.2M	211.3M	4.2M	4.9M	4.6M
Cash And Short Term Investments	28.9M	22.9M	3.4M	2.7M	3.2M	3.0M
Net Receivables	11.9M	21.9M	26.2M	50.7M	58.3M	61.2M
Common Stock Total Equity	130K	132K	133K	134K	154.1K	120.0K
Common Stock Shares Outstanding	13.3M	13.1M	12.3M	12.4M	14.2M	12.1M
Liabilities And Stockholders Equity	306.8M	298.5M	328.2M	478.7M	550.5M	578.1M
Non Current Liabilities Total	44.4M	42.3M	67.8M	210.1M	241.6M	253.7M
Inventory	19.9M	19.3M	23.4M	21.6M	24.9M	22.4M
Other Current Assets	12.0M	905K	1.2M	1.2M	1.3M	1.6M
Other Stockholder Equity	112.1M	105.7M	100.4M	101.5M	116.7M	128.6M
Total Liab	55.3M	62.6M	98.2M	242.8M	279.3M	293.2M
Property Plant And Equipment Gross	229.8M	417M	464.4M	603.6M	694.1M	728.8M
Total Current Assets	72.7M	65.1M	54.1M	76.3M	87.7M	58.5M
Short Term Debt	615K	68K	155K	365K	328.5K	312.1K
Intangible Assets	1.2M	1.0M	900K	775K	697.5K	662.6K
Common Stock	133K	134K	135K	137K	157.6K	122.6K
Property Plant Equipment	22.9M	22.2M	21.1M	269.0M	309.3M	324.8M
Other Liab	33.6M	33.0M	44.1M	42.1M	48.4M	50.8M
Net Tangible Assets	248.7M	246.4M	250.4M	234.9M	270.1M	235.2M
Retained Earnings Total Equity	152.3M	137.5M	139.3M	130.1M	149.6M	123.1M
Capital Surpluse	110.6M	112.6M	114.0M	115.4M	132.7M	112.5M
Deferred Long Term Liab	32.2M	31.2M	41.9M	39.3M	35.4M	30.5M
Non Current Liabilities Other	2.2M	3.0M	2.8M	4.5M	5.2M	5.4M

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