United Accounts Payable vs Total Current Assets Analysis

UNIDT Stock

248.25 7.40 3.07%

United Drilling financial indicator trend analysis is much more than just breaking down United Drilling Tools prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Drilling Tools is a good investment. Please check the relationship between United Drilling Accounts Payable and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Drilling Tools. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

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

The correlation between United Drilling's Accounts Payable and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of United Drilling Tools, assuming nothing else is changed. The correlation between historical values of United Drilling's Accounts Payable and Total Current 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 Accounts Payable of United Drilling Tools are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., United Drilling's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents United Drilling obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of United Drilling Tools are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from United Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Drilling Tools 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 World Market Map to better understand how to build diversified portfolios, which includes a position in United Drilling Tools. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of the 18th of February 2025, Tax Provision is likely to grow to about 72.3 M, while Selling General Administrative is likely to drop about 41.2 M.

	2022	2023	2024	2025 (projected)
Interest Expense	8.3M	29.9M	34.4M	36.1M
Depreciation And Amortization	41.3M	51.9M	59.7M	36.3M

Interest Expense Depreciation And Amortization

United Drilling fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Cash And Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Good Will	Intangible Assets
Common Stock Shares Outstanding		0.59	0.24	0.4	0.35	0.71	0.44	0.26	0.04	0.58	0.33	0.29	0.62	0.37	0.29	0.51	0.43	0.54	-0.04	0.38	0.53	0.28	0.87	0.57	-0.1	-0.07
Total Assets	0.59		0.81	0.57	0.86	0.86	0.94	0.16	0.71	0.97	0.79	-0.3	0.67	0.32	-0.3	0.1	0.96	0.67	-0.06	0.85	0.98	0.87	0.56	0.72	-0.67	-0.35
Short Long Term Debt Total	0.24	0.81		0.44	0.93	0.52	0.82	-0.29	0.92	0.7	0.86	-0.46	0.32	0.05	-0.46	0.17	0.85	0.44	-0.26	0.93	0.85	0.97	0.28	0.63	-0.72	-0.22
Other Current Liab	0.4	0.57	0.44		0.48	0.6	0.63	0.29	0.43	0.54	0.39	-0.25	0.56	0.16	-0.25	0.29	0.5	0.43	-0.25	0.49	0.52	0.43	0.44	0.5	-0.18	0.35
Total Current Liabilities	0.35	0.86	0.93	0.48		0.56	0.82	-0.16	0.84	0.72	0.98	-0.4	0.33	0.27	-0.4	0.11	0.89	0.43	-0.23	1.0	0.9	0.92	0.26	0.73	-0.71	-0.28
Total Stockholder Equity	0.71	0.86	0.52	0.6	0.56		0.77	0.39	0.46	0.91	0.48	-0.2	0.81	0.35	-0.2	0.1	0.77	0.78	0.0	0.56	0.8	0.62	0.66	0.71	-0.24	-0.31
Property Plant And Equipment Net	0.44	0.94	0.82	0.63	0.82	0.77		0.15	0.72	0.91	0.75	-0.32	0.51	0.22	-0.32	0.13	0.97	0.69	-0.02	0.82	0.95	0.84	0.51	0.56	-0.69	-0.18
Current Deferred Revenue	0.26	0.16	-0.29	0.29	-0.16	0.39	0.15		-0.14	0.3	-0.19	-0.15	0.32	0.54	-0.15	-0.09	0.1	0.3	0.24	-0.17	0.11	-0.2	0.22	0.17	0.22	-0.14
Net Debt	0.04	0.71	0.92	0.43	0.84	0.46	0.72	-0.14		0.63	0.77	-0.78	0.32	0.09	-0.78	0.04	0.76	0.31	-0.4	0.83	0.73	0.9	0.05	0.63	-0.6	-0.25
Retained Earnings	0.58	0.97	0.7	0.54	0.72	0.91	0.91	0.3	0.63		0.64	-0.31	0.74	0.31	-0.31	0.03	0.92	0.71	0.02	0.72	0.93	0.78	0.58	0.65	-0.58	-0.4
Accounts Payable	0.33	0.79	0.86	0.39	0.98	0.48	0.75	-0.19	0.77	0.64		-0.35	0.24	0.31	-0.35	0.1	0.84	0.34	-0.24	0.98	0.85	0.84	0.19	0.69	-0.69	-0.28
Cash	0.29	-0.3	-0.46	-0.25	-0.4	-0.2	-0.32	-0.15	-0.78	-0.31	-0.35		-0.21	-0.13	1.0	0.18	-0.36	0.02	0.46	-0.38	-0.29	-0.46	0.32	-0.4	0.21	0.23
Non Current Assets Total	0.62	0.67	0.32	0.56	0.33	0.81	0.51	0.32	0.32	0.74	0.24	-0.21		0.29	-0.21	0.07	0.47	0.36	-0.31	0.33	0.51	0.4	0.62	0.55	-0.18	-0.24
Non Currrent Assets Other	0.37	0.32	0.05	0.16	0.27	0.35	0.22	0.54	0.09	0.31	0.31	-0.13	0.29		-0.13	-0.1	0.26	0.03	-0.25	0.26	0.3	0.08	0.22	0.44	-0.08	-0.25
Cash And Short Term Investments	0.29	-0.3	-0.46	-0.25	-0.4	-0.2	-0.32	-0.15	-0.78	-0.31	-0.35	1.0	-0.21	-0.13		0.18	-0.36	0.02	0.46	-0.38	-0.29	-0.46	0.32	-0.4	0.21	0.23
Non Current Liabilities Total	0.51	0.1	0.17	0.29	0.11	0.1	0.13	-0.09	0.04	0.03	0.1	0.18	0.07	-0.1	0.18		0.06	0.24	-0.23	0.19	0.11	0.09	0.6	0.08	0.05	0.45
Inventory	0.43	0.96	0.85	0.5	0.89	0.77	0.97	0.1	0.76	0.92	0.84	-0.36	0.47	0.26	-0.36	0.06		0.7	0.0	0.88	0.99	0.89	0.43	0.62	-0.71	-0.32
Other Current Assets	0.54	0.67	0.44	0.43	0.43	0.78	0.69	0.3	0.31	0.71	0.34	0.02	0.36	0.03	0.02	0.24	0.7		0.45	0.44	0.7	0.54	0.57	0.4	-0.21	-0.12
Other Stockholder Equity	-0.04	-0.06	-0.26	-0.25	-0.23	0.0	-0.02	0.24	-0.4	0.02	-0.24	0.46	-0.31	-0.25	0.46	-0.23	0.0	0.45		-0.24	0.01	-0.14	-0.05	-0.26	0.03	-0.18
Total Liab	0.38	0.85	0.93	0.49	1.0	0.56	0.82	-0.17	0.83	0.72	0.98	-0.38	0.33	0.26	-0.38	0.19	0.88	0.44	-0.24		0.9	0.92	0.3	0.72	-0.71	-0.24
Total Current Assets	0.53	0.98	0.85	0.52	0.9	0.8	0.95	0.11	0.73	0.93	0.85	-0.29	0.51	0.3	-0.29	0.11	0.99	0.7	0.01	0.9		0.89	0.49	0.7	-0.69	-0.34
Short Term Debt	0.28	0.87	0.97	0.43	0.92	0.62	0.84	-0.2	0.9	0.78	0.84	-0.46	0.4	0.08	-0.46	0.09	0.89	0.54	-0.14	0.92	0.89		0.29	0.68	-0.7	-0.34
Common Stock	0.87	0.56	0.28	0.44	0.26	0.66	0.51	0.22	0.05	0.58	0.19	0.32	0.62	0.22	0.32	0.6	0.43	0.57	-0.05	0.3	0.49	0.29		0.3	-0.2	0.07
Net Receivables	0.57	0.72	0.63	0.5	0.73	0.71	0.56	0.17	0.63	0.65	0.69	-0.4	0.55	0.44	-0.4	0.08	0.62	0.4	-0.26	0.72	0.7	0.68	0.3		-0.22	-0.38
Good Will	-0.1	-0.67	-0.72	-0.18	-0.71	-0.24	-0.69	0.22	-0.6	-0.58	-0.69	0.21	-0.18	-0.08	0.21	0.05	-0.71	-0.21	0.03	-0.71	-0.69	-0.7	-0.2	-0.22		0.27
Intangible Assets	-0.07	-0.35	-0.22	0.35	-0.28	-0.31	-0.18	-0.14	-0.25	-0.4	-0.28	0.23	-0.24	-0.25	0.23	0.45	-0.32	-0.12	-0.18	-0.24	-0.34	-0.34	0.07	-0.38	0.27

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United Drilling Account Relationship Matchups

United Drilling fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.3B	2.8B	2.8B	3.6B	4.1B	4.3B
Short Long Term Debt Total	184.9M	180.8M	49.7M	327.4M	376.5M	395.3M
Other Current Liab	83.2M	54.4M	99.1M	76.1M	87.5M	58.5M
Total Current Liabilities	343.1M	349.2M	285.8M	965.6M	1.1B	1.2B
Total Stockholder Equity	1.9B	2.4B	2.5B	2.5B	2.9B	1.5B
Property Plant And Equipment Net	218.1M	233.5M	375.9M	402.1M	462.4M	485.6M
Current Deferred Revenue	16.3M	42.9M	94.7M	2.4M	2.7M	2.6M
Net Debt	136.8M	172.6M	27.6M	300.5M	345.5M	362.8M
Retained Earnings	1.4B	1.8B	2.0B	2.0B	2.3B	2.4B
Accounts Payable	76.0M	72.6M	136.7M	574.5M	660.6M	693.6M
Cash	48.1M	8.2M	22.1M	24.9M	22.4M	21.3M
Non Current Assets Total	1.2B	987.2M	880.7M	884.7M	1.0B	779.0M
Non Currrent Assets Other	37.7M	40.2M	187.4M	133.7M	153.7M	93.5M
Cash And Short Term Investments	48.1M	8.2M	22.1M	24.9M	22.4M	21.3M
Liabilities And Stockholders Equity	2.3B	2.8B	2.8B	3.6B	4.1B	4.3B
Non Current Liabilities Total	57.9M	58.7M	60.0M	74.5M	67.1M	52.2M
Inventory	431.1M	1.1B	1.4B	1.9B	2.2B	2.3B
Other Current Assets	75.9M	251.4M	212.3M	195.1M	224.4M	116.8M
Total Liab	400.9M	407.9M	345.8M	1.0B	1.2B	1.3B
Total Current Assets	1.2B	1.8B	1.9B	2.7B	3.1B	3.2B
Short Term Debt	183.4M	222.5M	49.6M	315.1M	362.3M	380.5M
Net Receivables	601.4M	420.0M	340.7M	544.2M	625.8M	324.9M
Accumulated Other Comprehensive Income	226.9M	227.3M	226.5M	226.8M	260.8M	239.7M
Intangible Assets	249.6M	260.8M	279.9M	279.4M	251.4M	235.1M
Other Liab	52.3M	56.6M	58.0M	59.7M	68.6M	59.7M
Net Tangible Assets	1.4B	1.7B	2.1B	2.2B	2.5B	1.7B
Other Assets	341.1M	394.2M	219.7M	187.4M	215.5M	287.7M
Long Term Debt	1.2M	742K	363K	12.3M	14.1M	14.8M
Net Invested Capital	2.1B	2.6B	49.7M	2.9B	3.3B	1.9B
Short Long Term Debt	183.7M	178.3M	49.3M	313.1M	360.1M	378.1M
Non Current Liabilities Other	3.3M	5.9M	4.4M	4.6M	5.3M	4.0M
Net Working Capital	821.9M	1.5B	1.6B	1.7B	2.0B	1.1B
Property Plant Equipment	92.4M	218.1M	332.8M	375.9M	432.3M	225.4M
Property Plant And Equipment Gross	377.4M	407.3M	375.9M	402.1M	462.4M	395.7M

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Other Information on Investing in United Stock

Balance Sheet is a snapshot of the financial position of United Drilling Tools at a specified time, usually calculated after every quarter, six months, or one year. United Drilling Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of United Drilling 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 United currently owns. An asset can also be divided into two categories, current and non-current.

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United Accounts Payable vs Total Current Assets Analysis

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

Correlation Coefficient

Accounts Payable

Total Current Assets

United Drilling fundamental ratios Correlations

United Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

United Drilling fundamental ratios Accounts

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Other Information on Investing in United Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Inventory
Total Current Assets	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Total Liab	+ 0.98	Accounts Payable

Cash And Short Term Investments	- 0.78	Net Debt
Cash	- 0.78	Net Debt
Good Will	- 0.72	Short Long Term Debt Total
Good Will	- 0.71	Total Liab
Good Will	- 0.71	Inventory
Good Will	- 0.71	Total Current Liabilities