Crescent Depreciation And Amortization vs Interest Expense Analysis

CPG Stock  CAD 11.72  0.04  0.34%   
Crescent Point financial indicator trend analysis is way more than just evaluating Crescent Point Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crescent Point Energy is a good investment. Please check the relationship between Crescent Point Depreciation And Amortization and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Depreciation And Amortization vs Interest Expense

Depreciation And Amortization vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crescent Point Energy Depreciation And Amortization account and Interest Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between Crescent Point's Depreciation And Amortization and Interest Expense is 0.68. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Crescent Point Energy, assuming nothing else is changed. The correlation between historical values of Crescent Point's Depreciation And Amortization and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Crescent Point Energy are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Depreciation And Amortization i.e., Crescent Point's Depreciation And Amortization and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Crescent Point's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crescent Point Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Crescent Point's Tax Provision is very stable compared to the past year. As of the 15th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Selling General Administrative is likely to drop about 101.6 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses1.7B2.0B2.3B2.1B
Total Revenue2.8B4.0B3.2B2.0B

Crescent Point fundamental ratios Correlations

-0.10.450.970.990.79-0.07-0.041.0-0.060.870.570.90.38-0.140.930.330.450.770.450.050.90.70.10.850.3
-0.10.21-0.19-0.180.08-0.660.18-0.110.050.120.50.00.02-0.110.040.00.080.090.4-0.06-0.070.370.080.190.4
0.450.210.460.440.28-0.460.330.430.720.670.60.280.61-0.160.40.90.840.160.020.260.530.55-0.590.620.57
0.97-0.190.460.980.60.10.030.97-0.060.870.440.760.32-0.070.80.340.410.610.270.20.940.680.130.80.11
0.99-0.180.440.980.740.03-0.070.99-0.070.860.490.860.34-0.110.890.330.410.710.360.10.910.660.090.830.23
0.790.080.280.60.74-0.43-0.160.78-0.030.610.70.960.39-0.290.950.210.390.940.76-0.310.510.520.030.710.66
-0.07-0.66-0.460.10.03-0.43-0.27-0.05-0.36-0.22-0.8-0.25-0.280.37-0.3-0.42-0.38-0.39-0.520.190.1-0.440.21-0.35-0.86
-0.040.180.330.03-0.07-0.16-0.27-0.070.490.140.29-0.210.25-0.1-0.130.350.39-0.08-0.110.04-0.090.160.06-0.050.24
1.0-0.110.430.970.990.78-0.05-0.07-0.090.860.540.90.34-0.130.920.310.410.770.450.050.890.70.110.850.28
-0.060.050.72-0.06-0.07-0.03-0.360.49-0.090.110.25-0.130.55-0.18-0.050.740.75-0.2-0.20.17-0.05-0.03-0.790.110.53
0.870.120.670.870.860.61-0.220.140.860.110.710.690.37-0.010.780.510.530.550.230.150.90.840.060.90.36
0.570.50.60.440.490.7-0.80.290.540.250.710.60.33-0.290.680.520.480.620.51-0.070.420.760.030.740.81
0.90.00.280.760.860.96-0.25-0.210.9-0.130.690.60.38-0.220.990.180.370.930.71-0.230.670.580.080.760.49
0.380.020.610.320.340.39-0.280.250.340.550.370.330.38-0.260.430.550.920.310.38-0.180.310.17-0.450.310.51
-0.14-0.11-0.16-0.07-0.11-0.290.37-0.1-0.13-0.18-0.01-0.29-0.22-0.26-0.23-0.22-0.23-0.28-0.31-0.210.030.10.11-0.09-0.44
0.930.040.40.80.890.95-0.3-0.130.92-0.050.780.680.990.43-0.230.280.450.90.67-0.180.730.640.060.820.54
0.330.00.90.340.330.21-0.420.350.310.740.510.520.180.55-0.220.280.760.1-0.10.170.330.34-0.590.410.59
0.450.080.840.410.410.39-0.380.390.410.750.530.480.370.92-0.230.450.760.280.24-0.010.410.34-0.580.470.6
0.770.090.160.610.710.94-0.39-0.080.77-0.20.550.620.930.31-0.280.90.10.280.83-0.350.470.560.170.610.53
0.450.40.020.270.360.76-0.52-0.110.45-0.20.230.510.710.38-0.310.67-0.10.240.83-0.450.170.390.140.390.53
0.05-0.060.260.20.1-0.310.190.040.050.170.15-0.07-0.23-0.18-0.21-0.180.17-0.01-0.35-0.450.330.17-0.150.27-0.33
0.9-0.070.530.940.910.510.1-0.090.89-0.050.90.420.670.310.030.730.330.410.470.170.330.730.050.860.05
0.70.370.550.680.660.52-0.440.160.7-0.030.840.760.580.170.10.640.340.340.560.390.170.730.140.870.33
0.10.08-0.590.130.090.030.210.060.11-0.790.060.030.08-0.450.110.06-0.59-0.580.170.14-0.150.050.14-0.06-0.35
0.850.190.620.80.830.71-0.35-0.050.850.110.90.740.760.31-0.090.820.410.470.610.390.270.860.87-0.060.42
0.30.40.570.110.230.66-0.860.240.280.530.360.810.490.51-0.440.540.590.60.530.53-0.330.050.33-0.350.42
Click cells to compare fundamentals

Crescent Point Account Relationship Matchups

Crescent Point fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.1B6.6B9.2B9.5B12.8B8.7B
Other Current Liab543M421.2M277.9M227.2M183.8M141.2M
Total Current Liabilities775.3M669.2M1.0B1.2B1.4B1.4B
Total Stockholder Equity5.3B2.8B5.4B6.5B6.9B5.3B
Property Plant And Equipment Net8.2B4.6B7.8B7.9B11.4B7.7B
Net Debt3.0B2.4B2.1B1.3B3.5B1.9B
Retained Earnings(11.6B)(14.2B)(11.8B)(10.6B)(10.2B)(9.7B)
Cash56.9M8.8M13.5M289.9M17.3M33.9M
Non Current Assets Total9.5B6.4B8.8B8.5B11.7B8.3B
Cash And Short Term Investments56.9M8.8M13.5M289.9M333.4M350.1M
Net Receivables295.9M200.5M314.3M327.8M377.9M235.7M
Common Stock Shares Outstanding545.7M529.3M575.1M571.1M619.9M342.1M
Liabilities And Stockholders Equity10.1B6.6B9.2B9.5B10.9B8.5B
Non Current Liabilities Total4.0B3.2B2.7B1.8B4.5B2.8B
Other Current Assets271.8M46.7M83.1M371.5M427.2M448.6M
Other Stockholder Equity35.1M19.7M17.5M17.1M15.4M14.6M
Total Liab4.7B3.8B3.8B3.0B5.9B3.5B
Property Plant And Equipment Gross8.2B4.6B25.3B24.1B26.5B27.8B
Total Current Assets631.5M278.7M410.9M989.2M1.1B1.1B
Short Long Term Debt Total3.1B2.4B2.1B1.6B1.8B1.9B
Non Currrent Assets Other502.2M422.8M151.2M102.8M118.2M187.6M
Short Term Debt232.3M248M303.6M563.6M648.1M680.5M
Accounts Payable479.4M311.6M450.7M448.2M634.9M449.4M
Accumulated Other Comprehensive Income495.5M517.7M529.6M620.3M713.3M749.0M
Good Will230.9M223.3M211.5M203.9M275.9M213.5M
Common Stock Total Equity16.5B16.5B16.4B16.5B18.9B16.6B
Common Stock16.4B16.5B16.7B16.4B18.9B16.9B
Other Liab1.1B985.8M925.7M752M676.8M1.2B
Net Tangible Assets5.1B2.6B5.2B6.3B5.7B5.7B
Other Assets1.0B1.6B721.3M381.6M438.8M810.0M
Long Term Debt2.7B2.0B1.7B902.8M3.2B2.3B
Long Term Investments22.4M2.5M0.0200K180K171K
Short Long Term Debt201M221.6M278.1M538.7M380M274.4M
Property Plant Equipment8.2B4.6B7.8B7.9B7.1B8.9B
Long Term Debt Total2.9B2.2B1.8B1.0B901.8M856.7M
Capital Surpluse35.1M19.7M17.5M17.1M15.4M14.6M
Capital Lease Obligations181.2M156.5M141.4M124.1M144.7M120.3M
Net Invested Capital8.2B5.1B7.4B7.9B10.4B7.2B

Pair Trading with Crescent Point

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 Crescent Point 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 Crescent Point will appreciate offsetting losses from the drop in the long position's value.

Moving together with Crescent Stock

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Moving against Crescent Stock

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The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point 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 Crescent Point - 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 Crescent Point Energy to buy it.
The correlation of Crescent Point 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 Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point Energy 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 Crescent Point 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 CorrelationCorrelation Matching
When determining whether Crescent Point Energy is a strong investment it is important to analyze Crescent Point's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Crescent Point's future performance. For an informed investment choice regarding Crescent Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Crescent Point Energy information on this page should be used as a complementary analysis to other Crescent Point's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Crescent Point's price analysis, check to measure Crescent Point'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 Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Crescent Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crescent Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crescent Point's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.