United Net Debt vs Total Stockholder Equity Analysis

UNIDT Stock

252.07 0.08 0.03%

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 Net Debt and its Total Stockholder Equity 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.

Net Debt vs Total Stockholder Equity

Net Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Drilling Tools Net Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak relationship.

The correlation between United Drilling's Net Debt and Total Stockholder Equity is 0.33. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Stockholder Equity 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 Net 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 Net Debt of United Drilling Tools 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 Net Debt i.e., United Drilling's Net Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 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 1st of December 2024, Tax Provision is likely to grow to about 72.3 M, while Selling General Administrative is likely to drop about 41.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.7M	8.3M	29.9M	31.4M
Depreciation And Amortization	30.4M	41.3M	51.9M	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		0.73	0.2	0.36	0.33	0.72	0.44	0.29	-0.03	0.59	0.31	0.32	0.6	0.35	0.32	0.51	0.43	0.52	-0.02	0.37	0.56	0.25	0.87	0.55	-0.12	-0.04
Total Assets	0.73		0.53	0.59	0.61	0.97	0.78	0.44	0.46	0.9	0.52	-0.22	0.73	0.34	-0.22	0.16	0.79	0.71	-0.01	0.61	0.84	0.64	0.62	0.76	-0.33	-0.25
Short Long Term Debt Total	0.2	0.53		0.38	0.89	0.39	0.72	-0.25	0.89	0.58	0.79	-0.46	0.23	-0.03	-0.46	0.18	0.77	0.33	-0.24	0.89	0.77	0.96	0.24	0.57	-0.79	-0.15
Other Current Liab	0.36	0.59	0.38		0.42	0.54	0.62	0.36	0.36	0.5	0.31	-0.22	0.52	0.12	-0.22	0.29	0.45	0.35	-0.22	0.44	0.48	0.36	0.41	0.44	-0.17	0.41
Total Current Liabilities	0.33	0.61	0.89	0.42		0.45	0.72	-0.09	0.78	0.62	0.97	-0.39	0.24	0.24	-0.39	0.12	0.83	0.3	-0.19	1.0	0.85	0.88	0.21	0.71	-0.78	-0.23
Total Stockholder Equity	0.72	0.97	0.39	0.54	0.45		0.75	0.54	0.33	0.93	0.34	-0.15	0.8	0.32	-0.15	0.08	0.74	0.73	0.09	0.44	0.78	0.53	0.66	0.64	-0.27	-0.28
Property Plant And Equipment Net	0.44	0.78	0.72	0.62	0.72	0.75		0.3	0.62	0.89	0.62	-0.29	0.47	0.18	-0.29	0.14	0.95	0.66	0.06	0.73	0.93	0.76	0.52	0.49	-0.72	-0.11
Current Deferred Revenue	0.29	0.44	-0.25	0.36	-0.09	0.54	0.3		-0.07	0.44	-0.12	-0.18	0.38	0.57	-0.18	-0.08	0.24	0.4	0.22	-0.1	0.25	-0.14	0.24	0.25	0.24	-0.17
Net Debt	-0.03	0.46	0.89	0.36	0.78	0.33	0.62	-0.07		0.52	0.69	-0.81	0.24	0.04	-0.81	0.02	0.68	0.17	-0.38	0.77	0.63	0.86	-0.02	0.57	-0.62	-0.21
Retained Earnings	0.59	0.9	0.58	0.5	0.62	0.93	0.89	0.44	0.52		0.51	-0.27	0.74	0.29	-0.27	0.01	0.89	0.68	0.09	0.61	0.91	0.7	0.58	0.61	-0.57	-0.37
Accounts Payable	0.31	0.52	0.79	0.31	0.97	0.34	0.62	-0.12	0.69	0.51		-0.33	0.13	0.29	-0.33	0.1	0.76	0.2	-0.2	0.97	0.78	0.77	0.13	0.66	-0.75	-0.23
Cash	0.32	-0.22	-0.46	-0.22	-0.39	-0.15	-0.29	-0.18	-0.81	-0.27	-0.33		-0.18	-0.11	1.0	0.19	-0.34	0.08	0.45	-0.36	-0.25	-0.45	0.35	-0.37	0.21	0.21
Non Current Assets Total	0.6	0.73	0.23	0.52	0.24	0.8	0.47	0.38	0.24	0.74	0.13	-0.18		0.26	-0.18	0.06	0.42	0.29	-0.28	0.25	0.47	0.34	0.59	0.5	-0.16	-0.21
Non Currrent Assets Other	0.35	0.34	-0.03	0.12	0.24	0.32	0.18	0.57	0.04	0.29	0.29	-0.11	0.26		-0.11	-0.1	0.24	-0.03	-0.23	0.23	0.28	0.0	0.2	0.43	-0.08	-0.23
Cash And Short Term Investments	0.32	-0.22	-0.46	-0.22	-0.39	-0.15	-0.29	-0.18	-0.81	-0.27	-0.33	1.0	-0.18	-0.11		0.19	-0.34	0.08	0.45	-0.36	-0.25	-0.45	0.35	-0.37	0.21	0.21
Non Current Liabilities Total	0.51	0.16	0.18	0.29	0.12	0.08	0.14	-0.08	0.02	0.01	0.1	0.19	0.06	-0.1	0.19		0.05	0.24	-0.22	0.21	0.11	0.09	0.61	0.07	0.01	0.46
Inventory	0.43	0.79	0.77	0.45	0.83	0.74	0.95	0.24	0.68	0.89	0.76	-0.34	0.42	0.24	-0.34	0.05		0.66	0.1	0.82	0.98	0.83	0.42	0.56	-0.78	-0.29
Other Current Assets	0.52	0.71	0.33	0.35	0.3	0.73	0.66	0.4	0.17	0.68	0.2	0.08	0.29	-0.03	0.08	0.24	0.66		0.57	0.32	0.68	0.46	0.55	0.29	-0.21	-0.06
Other Stockholder Equity	-0.02	-0.01	-0.24	-0.22	-0.19	0.09	0.06	0.22	-0.38	0.09	-0.2	0.45	-0.28	-0.23	0.45	-0.22	0.1	0.57		-0.2	0.11	-0.08	-0.03	-0.22	0.07	-0.21
Total Liab	0.37	0.61	0.89	0.44	1.0	0.44	0.73	-0.1	0.77	0.61	0.97	-0.36	0.25	0.23	-0.36	0.21	0.82	0.32	-0.2		0.85	0.88	0.26	0.7	-0.77	-0.18
Total Current Assets	0.56	0.84	0.77	0.48	0.85	0.78	0.93	0.25	0.63	0.91	0.78	-0.25	0.47	0.28	-0.25	0.11	0.98	0.68	0.11	0.85		0.84	0.5	0.67	-0.73	-0.3
Short Term Debt	0.25	0.64	0.96	0.36	0.88	0.53	0.76	-0.14	0.86	0.7	0.77	-0.45	0.34	0.0	-0.45	0.09	0.83	0.46	-0.08	0.88	0.84		0.24	0.64	-0.76	-0.3
Common Stock	0.87	0.62	0.24	0.41	0.21	0.66	0.52	0.24	-0.02	0.58	0.13	0.35	0.59	0.2	0.35	0.61	0.42	0.55	-0.03	0.26	0.5	0.24		0.25	-0.22	0.11
Net Receivables	0.55	0.76	0.57	0.44	0.71	0.64	0.49	0.25	0.57	0.61	0.66	-0.37	0.5	0.43	-0.37	0.07	0.56	0.29	-0.22	0.7	0.67	0.64	0.25		-0.23	-0.36
Good Will	-0.12	-0.33	-0.79	-0.17	-0.78	-0.27	-0.72	0.24	-0.62	-0.57	-0.75	0.21	-0.16	-0.08	0.21	0.01	-0.78	-0.21	0.07	-0.77	-0.73	-0.76	-0.22	-0.23		0.23
Intangible Assets	-0.04	-0.25	-0.15	0.41	-0.23	-0.28	-0.11	-0.17	-0.21	-0.37	-0.23	0.21	-0.21	-0.23	0.21	0.46	-0.29	-0.06	-0.21	-0.18	-0.3	-0.3	0.11	-0.36	0.23

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United Drilling Account Relationship Matchups

United Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.3B	2.8B	2.8B	3.6B	1.9B
Short Long Term Debt Total	5.0M	184.9M	180.8M	49.7M	327.4M	343.7M
Other Current Liab	42.1M	83.2M	54.4M	99.1M	76.1M	58.5M
Total Current Liabilities	61.1M	343.1M	349.2M	285.8M	965.6M	1.0B
Total Stockholder Equity	1.6B	1.9B	2.4B	2.5B	2.5B	1.5B
Property Plant And Equipment Net	92.4M	218.1M	233.5M	375.9M	402.1M	422.2M
Current Deferred Revenue	13.7M	16.3M	42.9M	94.7M	2.4M	2.2M
Net Debt	(94.4M)	136.8M	172.6M	27.6M	300.5M	315.5M
Retained Earnings	1.1B	1.4B	1.8B	2.0B	2.0B	2.1B
Accounts Payable	17.2M	76.0M	72.6M	136.7M	574.5M	603.2M
Cash	99.4M	48.1M	8.2M	22.1M	24.9M	23.7M
Non Current Assets Total	1.3B	1.2B	987.2M	880.7M	884.7M	779.0M
Non Currrent Assets Other	3.8M	37.7M	40.2M	187.4M	133.7M	93.5M
Cash And Short Term Investments	99.4M	48.1M	8.2M	22.1M	24.9M	23.7M
Liabilities And Stockholders Equity	1.8B	2.3B	2.8B	2.8B	3.6B	1.9B
Non Current Liabilities Total	56.5M	57.9M	58.7M	60.0M	74.5M	52.2M
Inventory	227.7M	431.1M	1.1B	1.4B	1.9B	2.0B
Other Current Assets	50.0M	75.9M	251.4M	212.3M	195.1M	116.8M
Total Liab	117.6M	400.9M	407.9M	345.8M	1.0B	1.1B
Total Current Assets	501.0M	1.2B	1.8B	1.9B	2.7B	2.8B
Short Term Debt	(284K)	183.4M	222.5M	49.6M	315.1M	330.8M
Net Receivables	123.8M	601.4M	420.0M	340.7M	544.2M	324.9M
Accumulated Other Comprehensive Income	227.2M	226.9M	227.3M	226.5M	226.8M	239.7M
Intangible Assets	250.9M	249.6M	260.8M	279.9M	279.4M	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	4.2M	1.2M	742K	363K	12.3M	12.9M
Net Invested Capital	1.6B	2.1B	2.6B	49.7M	2.9B	1.9B
Short Long Term Debt	796K	183.7M	178.3M	49.3M	313.1M	328.8M
Non Current Liabilities Other	2.1M	3.3M	5.9M	4.4M	4.6M	4.0M
Net Working Capital	439.9M	821.9M	1.5B	1.6B	1.7B	1.1B
Property Plant Equipment	92.4M	218.1M	332.8M	375.9M	432.3M	225.4M

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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 Net Debt vs Total Stockholder Equity Analysis

Net Debt vs Total Stockholder Equity

Net Debt vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Net Debt

Total Stockholder Equity

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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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	+ 0.98	Inventory
Total Stockholder Equity	+ 0.97	Total Assets
Accounts Payable	+ 0.97	Total Current Liabilities
Total Liab	+ 0.97	Accounts Payable

Cash And Short Term Investments	- 0.81	Net Debt
Cash	- 0.81	Net Debt
Good Will	- 0.79	Short Long Term Debt Total
Good Will	- 0.78	Inventory
Good Will	- 0.78	Total Current Liabilities
Good Will	- 0.77	Total Liab