Select Net Borrowings vs Free Cash Flow Analysis

WTTR Stock

USD 12.79 0.16 1.24%

Select Energy financial indicator trend analysis is much more than just breaking down Select Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Select Energy Services is a good investment. Please check the relationship between Select Energy Net Borrowings and its Free Cash Flow accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Select Energy 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 estimate.

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Select Energy Services Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.

The correlation between Select Energy's Net Borrowings and Free Cash Flow is 0.0. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Select Energy Services, assuming nothing else is changed. The correlation between historical values of Select Energy's Net Borrowings and Free Cash Flow 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 Borrowings of Select Energy Services are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., Select Energy's Net Borrowings and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Select Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Select Energy 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Select Energy 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 estimate.

At this time, Select Energy's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/27/2024, Enterprise Value Multiple is likely to grow to 7.82, though Tax Provision is likely to grow to (57.2 M).

	2023	2024 (projected)
Discontinued Operations	18.9K	16.8K
Interest Income	2.2M	2.1M

Discontinued Operations Interest Income

Select Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		-0.58	0.69	0.91	0.96	0.55	0.7	0.93	-0.51	0.88	0.12	0.94	0.29	0.21	-0.62	0.12	0.93	0.22	-0.69	0.76	-0.72	-0.55	0.91	0.82	0.75	0.14
Short Long Term Debt Total	-0.58		-0.59	-0.65	-0.6	-0.71	-0.64	-0.46	0.95	-0.59	-0.46	-0.33	-0.44	-0.77	0.99	-0.46	-0.67	0.35	0.98	-0.87	0.95	0.99	-0.78	-0.69	-0.87	0.61
Other Current Liab	0.69	-0.59		0.9	0.62	0.94	0.74	0.75	-0.48	0.42	0.03	0.48	0.45	0.61	-0.61	0.03	0.85	-0.34	-0.64	0.8	-0.67	-0.48	0.76	0.8	0.74	0.21
Total Current Liabilities	0.91	-0.65	0.9		0.88	0.82	0.81	0.93	-0.54	0.77	0.04	0.76	0.36	0.42	-0.68	0.04	0.98	-0.09	-0.73	0.86	-0.76	-0.58	0.91	0.92	0.84	0.19
Total Stockholder Equity	0.96	-0.6	0.62	0.88		0.52	0.8	0.95	-0.58	0.85	0.29	0.88	0.26	0.19	-0.66	0.29	0.86	0.12	-0.7	0.81	-0.77	-0.57	0.91	0.88	0.82	0.09
Other Liab	0.55	-0.71	0.94	0.82	0.52		0.75	0.61	-0.6	0.38	0.11	0.29	0.45	0.7	-0.7	0.11	0.76	-0.51	-0.7	0.83	-0.72	-0.59	0.71	0.8	0.77	0.01
Net Tangible Assets	0.7	-0.64	0.74	0.81	0.8	0.75		0.82	-0.67	0.51	0.47	0.48	0.41	0.4	-0.71	0.47	0.72	-0.42	-0.69	0.91	-0.8	-0.55	0.78	0.93	0.91	0.04
Property Plant And Equipment Net	0.93	-0.46	0.75	0.93	0.95	0.61	0.82		-0.41	0.76	0.1	0.86	0.35	0.16	-0.52	0.1	0.89	0.04	-0.56	0.77	-0.65	-0.39	0.83	0.89	0.76	0.35
Net Debt	-0.51	0.95	-0.48	-0.54	-0.58	-0.6	-0.67	-0.41		-0.46	-0.71	-0.24	-0.4	-0.73	0.97	-0.71	-0.53	0.44	0.95	-0.87	0.95	0.95	-0.75	-0.65	-0.87	0.66
Accounts Payable	0.88	-0.59	0.42	0.77	0.85	0.38	0.51	0.76	-0.46		-0.02	0.86	0.16	0.09	-0.59	-0.02	0.81	0.35	-0.65	0.6	-0.63	-0.59	0.78	0.69	0.64	-0.04
Cash	0.12	-0.46	0.03	0.04	0.29	0.11	0.47	0.1	-0.71	-0.02		-0.07	0.1	0.34	-0.53	1.0	-0.02	-0.44	-0.47	0.5	-0.56	-0.48	0.37	0.31	0.52	-0.53
Non Current Assets Total	0.94	-0.33	0.48	0.76	0.88	0.29	0.48	0.86	-0.24	0.86	-0.07		0.22	-0.06	-0.35	-0.07	0.79	0.51	-0.44	0.5	-0.46	-0.31	0.73	0.61	0.49	0.3
Non Currrent Assets Other	0.29	-0.44	0.45	0.36	0.26	0.45	0.41	0.35	-0.4	0.16	0.1	0.22		0.42	-0.44	0.1	0.34	-0.37	-0.41	0.46	-0.42	-0.38	0.24	0.31	0.39	-0.09
Other Assets	0.21	-0.77	0.61	0.42	0.19	0.7	0.4	0.16	-0.73	0.09	0.34	-0.06	0.42		-0.76	0.34	0.39	-0.57	-0.73	0.65	-0.7	-0.73	0.47	0.44	0.62	-0.51
Long Term Debt	-0.62	0.99	-0.61	-0.68	-0.66	-0.7	-0.71	-0.52	0.97	-0.59	-0.53	-0.35	-0.44	-0.76		-0.53	-0.69	0.38	0.99	-0.91	0.98	0.98	-0.81	-0.74	-0.92	0.57
Cash And Short Term Investments	0.12	-0.46	0.03	0.04	0.29	0.11	0.47	0.1	-0.71	-0.02	1.0	-0.07	0.1	0.34	-0.53		-0.02	-0.44	-0.47	0.5	-0.56	-0.48	0.37	0.31	0.52	-0.53
Net Receivables	0.93	-0.67	0.85	0.98	0.86	0.76	0.72	0.89	-0.53	0.81	-0.02	0.79	0.34	0.39	-0.69	-0.02		0.02	-0.75	0.81	-0.75	-0.62	0.9	0.85	0.8	0.12
Good Will	0.22	0.35	-0.34	-0.09	0.12	-0.51	-0.42	0.04	0.44	0.35	-0.44	0.51	-0.37	-0.57	0.38	-0.44	0.02		0.28	-0.41	0.36	0.28	-0.07	-0.29	-0.4	0.23
Common Stock Total Equity	-0.69	0.98	-0.64	-0.73	-0.7	-0.7	-0.69	-0.56	0.95	-0.65	-0.47	-0.44	-0.41	-0.73	0.99	-0.47	-0.75	0.28		-0.91	0.98	0.97	-0.86	-0.74	-0.91	0.53
Common Stock Shares Outstanding	0.76	-0.87	0.8	0.86	0.81	0.83	0.91	0.77	-0.87	0.6	0.5	0.5	0.46	0.65	-0.91	0.5	0.81	-0.41	-0.91		-0.96	-0.81	0.91	0.92	0.99	-0.22
Long Term Debt Total	-0.72	0.95	-0.67	-0.76	-0.77	-0.72	-0.8	-0.65	0.95	-0.63	-0.56	-0.46	-0.42	-0.7	0.98	-0.56	-0.75	0.36	0.98	-0.96		0.93	-0.89	-0.83	-0.97	0.43
Non Current Liabilities Total	-0.55	0.99	-0.48	-0.58	-0.57	-0.59	-0.55	-0.39	0.95	-0.59	-0.48	-0.31	-0.38	-0.73	0.98	-0.48	-0.62	0.28	0.97	-0.81	0.93		-0.74	-0.61	-0.83	0.69
Inventory	0.91	-0.78	0.76	0.91	0.91	0.71	0.78	0.83	-0.75	0.78	0.37	0.73	0.24	0.47	-0.81	0.37	0.9	-0.07	-0.86	0.91	-0.89	-0.74		0.89	0.9	-0.1
Other Current Assets	0.82	-0.69	0.8	0.92	0.88	0.8	0.93	0.89	-0.65	0.69	0.31	0.61	0.31	0.44	-0.74	0.31	0.85	-0.29	-0.74	0.92	-0.83	-0.61	0.89		0.92	0.09
Other Stockholder Equity	0.75	-0.87	0.74	0.84	0.82	0.77	0.91	0.76	-0.87	0.64	0.52	0.49	0.39	0.62	-0.92	0.52	0.8	-0.4	-0.91	0.99	-0.97	-0.83	0.9	0.92		-0.25
Total Liab	0.14	0.61	0.21	0.19	0.09	0.01	0.04	0.35	0.66	-0.04	-0.53	0.3	-0.09	-0.51	0.57	-0.53	0.12	0.23	0.53	-0.22	0.43	0.69	-0.1	0.09	-0.25

Click cells to compare fundamentals

Select Energy Account Relationship Matchups

Select Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	875.4M	950.2M	1.2B	1.2B	1.1B
Short Long Term Debt Total	91.6M	75.3M	67.3M	80.2M	53.5M	72.0M
Other Current Liab	46.4M	46.6M	95.8M	130.9M	132.6M	84.0M
Total Current Liabilities	151.9M	88.8M	162.0M	231.3M	211.5M	161.6M
Total Stockholder Equity	937.2M	593.1M	592.1M	766.0M	772.5M	682.0M
Other Liab	10.7M	19.7M	39.8M	45.4M	52.3M	28.8M
Net Tangible Assets	533.3M	593.1M	483.6M	766.0M	880.9M	446.8M
Property Plant And Equipment Net	523.0M	402.7M	439.5M	547.2M	557.1M	496.7M
Net Debt	12.3M	(93.7M)	(18.5M)	72.8M	(3.5M)	(3.4M)
Accounts Payable	86.0M	12.1M	35.3M	61.8M	46.7M	53.8M
Cash	79.3M	169.0M	85.8M	7.3M	57.1M	58.0M
Non Current Assets Total	932.0M	523.9M	555.4M	704.9M	764.1M	750.7M
Non Currrent Assets Other	5.1M	5.1M	341K	5.7M	12.8M	13.4M
Other Assets	5.1M	5.1M	7.4M	5.7M	6.6M	6.1M
Cash And Short Term Investments	79.3M	169.0M	85.8M	7.3M	57.1M	58.0M
Net Receivables	272.3M	129.5M	233.0M	435.1M	322.8M	277.8M
Good Will	273.4M	273.8M	266.9M	0.0	4.7M	4.4M
Common Stock Total Equity	1.0M	868K	1.1M	1.3M	1.1M	1.1M
Common Stock Shares Outstanding	80.7M	85.2M	87.3M	96.0M	103.4M	85.0M
Liabilities And Stockholders Equity	1.3B	875.4M	950.2M	1.2B	1.2B	1.1B
Non Current Liabilities Total	82.9M	80.7M	93.0M	107.8M	114.5M	83.4M
Inventory	37.5M	33.4M	44.5M	41.2M	38.7M	35.0M
Other Current Assets	26.5M	19.6M	31.5M	34.4M	35.5M	25.7M
Other Stockholder Equity	914.7M	909.3M	950.5M	1.1B	1.0B	894.3M
Total Liab	234.8M	169.5M	255.0M	339.1M	326.0M	276.2M
Property Plant And Equipment Gross	523.0M	878.9M	943.5M	1.1B	1.2B	758.8M
Total Current Assets	415.6M	351.5M	394.8M	517.9M	454.1M	396.5M
Short Term Debt	19.4M	28.7M	28.2M	35.5M	30.4M	20.5M
Intangible Assets	137.0M	116.1M	108.5M	138.8M	116.2M	116.4M
Common Stock	1.0M	1.0M	1.1M	1.3M	1.2M	1.1M
Property Plant Equipment	523.0M	350.4M	439.5M	499.6M	574.5M	468.5M
Retained Earnings	21.4M	(317.2M)	(359.5M)	(311.2M)	(236.8M)	(248.6M)
Capital Surpluse	914.7M	909.3M	950.5M	1.1B	1.2B	856.5M
Capital Lease Obligations	91.6M	75.3M	67.3M	64.2M	53.0M	55.8M
Deferred Long Term Liab	2.6M	2M	1.3M	600K	540K	513K
Non Current Liabilities Other	10.8M	61.0M	53.2M	46.4M	39.0M	33.1M

Pair Trading with Select Energy

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 Select Energy 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 Select Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Select Stock

0.93	TS	Tenaris SA ADR	Pair Corr
0.7	VTOL	Bristow Group	Pair Corr
0.83	EFXT	Enerflex	Pair Corr

Moving against Select Stock

0.68

DWSN

Dawson Geophysical

Pair Corr

The ability to find closely correlated positions to Select Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Select Energy 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 Select Energy - 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 Select Energy Services to buy it.

The correlation of Select Energy 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 Select Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Select Energy Services 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 Select Energy 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 Correlation Correlation Matching

Additional Tools for Select Stock Analysis

When running Select Energy's price analysis, check to measure Select Energy's 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 Select Energy is operating at the current time. Most of Select Energy's value examination focuses on studying past and present price action to predict the probability of Select Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Select Energy's price. Additionally, you may evaluate how the addition of Select Energy to your portfolios can decrease your overall portfolio volatility.

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