Tourmaline Gross Profit vs Interest Income Analysis

TOU Stock

CAD 67.37 0.99 1.49%

Tourmaline Oil financial indicator trend analysis is much more than just breaking down Tourmaline Oil Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tourmaline Oil Corp is a good investment. Please check the relationship between Tourmaline Oil Gross Profit and its Interest Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. 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.

Gross Profit vs Interest Income

Gross Profit vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Gross Profit account and Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Tourmaline Oil's Gross Profit and Interest Income is -0.43. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Income in the same time period over historical financial statements of Tourmaline Oil Corp, assuming nothing else is changed. The correlation between historical values of Tourmaline Oil's Gross Profit and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Tourmaline Oil Corp are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Gross Profit i.e., Tourmaline Oil's Gross Profit and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Tourmaline Oil Corp minus its cost of goods sold. It is profit before Tourmaline Oil operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most indicators from Tourmaline Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tourmaline Oil Corp 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 Tourmaline Oil Corp. 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, Tourmaline Oil's Selling General Administrative is very stable compared to the past year. As of the 10th of May 2024, Enterprise Value is likely to grow to about 22.5 B, while Tax Provision is likely to drop about 334.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	36.6M	29.9M	38.2M	31.4M
Depreciation And Amortization	742.2M	1.2B	1.4B	1.4B

Interest Expense Depreciation And Amortization

Tourmaline Oil fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Currrent Assets Other	Other Liab
Total Assets		0.32	0.93	0.89	0.88	0.47	0.96	-0.7	0.89	-0.32	0.92	0.79	0.88	0.2	0.98	0.8	0.82	0.99	0.86	0.82	-0.05	0.86	0.39	0.82	0.37	0.93
Other Current Liab	0.32		0.24	0.47	0.41	0.01	0.39	-0.12	0.42	-0.02	0.44	0.33	0.38	-0.15	0.17	-0.02	0.39	0.19	0.59	0.29	-0.27	0.4	0.01	0.3	0.25	0.18
Total Current Liabilities	0.93	0.24		0.78	0.73	0.17	0.96	-0.55	0.76	-0.27	0.93	0.57	0.73	0.2	0.87	0.9	0.6	0.93	0.75	0.88	-0.19	0.7	0.09	0.88	0.41	0.96
Total Stockholder Equity	0.89	0.47	0.78		0.98	0.5	0.85	-0.68	0.99	-0.3	0.86	0.91	0.96	0.17	0.85	0.6	0.92	0.85	0.98	0.75	0.0	0.97	0.36	0.87	0.48	0.77
Property Plant And Equipment Net	0.88	0.41	0.73	0.98		0.63	0.8	-0.7	1.0	-0.27	0.79	0.96	0.98	0.24	0.87	0.53	0.97	0.86	0.95	0.66	0.07	0.99	0.5	0.83	0.35	0.72
Net Debt	0.47	0.01	0.17	0.5	0.63		0.21	-0.58	0.57	-0.12	0.17	0.8	0.64	0.42	0.59	-0.02	0.77	0.5	0.44	0.02	0.5	0.66	0.96	0.21	-0.14	0.18
Retained Earnings	0.96	0.39	0.96	0.85	0.8	0.21		-0.59	0.82	-0.3	0.98	0.63	0.78	0.09	0.89	0.88	0.69	0.93	0.84	0.92	-0.23	0.75	0.13	0.85	0.5	0.97
Cash	-0.7	-0.12	-0.55	-0.68	-0.7	-0.58	-0.59		-0.69	0.54	-0.57	-0.72	-0.69	-0.32	-0.72	-0.42	-0.69	-0.69	-0.67	-0.42	-0.47	-0.73	-0.48	-0.52	-0.23	-0.6
Non Current Assets Total	0.89	0.42	0.76	0.99	1.0	0.57	0.82	-0.69		-0.29	0.82	0.94	0.97	0.22	0.87	0.57	0.95	0.86	0.96	0.7	0.04	0.99	0.43	0.86	0.41	0.75
Cash And Short Term Investments	-0.32	-0.02	-0.27	-0.3	-0.27	-0.12	-0.3	0.54	-0.29		-0.3	-0.27	-0.36	0.21	-0.28	-0.31	-0.23	-0.29	-0.31	-0.15	-0.24	-0.32	0.06	-0.13	-0.16	-0.34
Net Receivables	0.92	0.44	0.93	0.86	0.79	0.17	0.98	-0.57	0.82	-0.3		0.63	0.79	0.08	0.84	0.83	0.67	0.88	0.88	0.96	-0.21	0.75	0.09	0.86	0.66	0.92
Common Stock Total Equity	0.79	0.33	0.57	0.91	0.96	0.8	0.63	-0.72	0.94	-0.27	0.63		0.95	0.28	0.81	0.35	0.97	0.77	0.86	0.48	0.26	0.98	0.68	0.68	0.24	0.56
Common Stock Shares Outstanding	0.88	0.38	0.73	0.96	0.98	0.64	0.78	-0.69	0.97	-0.36	0.79	0.95		0.28	0.86	0.52	0.95	0.85	0.94	0.65	0.08	0.98	0.5	0.81	0.38	0.7
Short Term Investments	0.2	-0.15	0.2	0.17	0.24	0.42	0.09	-0.32	0.22	0.21	0.08	0.28	0.28		0.28	0.02	0.29	0.27	0.16	0.07	0.45	0.22	0.44	0.32	-0.04	0.09
Non Current Liabilities Total	0.98	0.17	0.87	0.85	0.87	0.59	0.89	-0.72	0.87	-0.28	0.84	0.81	0.86	0.28		0.76	0.84	0.99	0.8	0.75	0.05	0.85	0.51	0.77	0.29	0.89
Other Current Assets	0.8	-0.02	0.9	0.6	0.53	-0.02	0.88	-0.42	0.57	-0.31	0.83	0.35	0.52	0.02	0.76		0.38	0.82	0.54	0.87	-0.24	0.49	-0.11	0.72	0.46	0.95
Other Stockholder Equity	0.82	0.39	0.6	0.92	0.97	0.77	0.69	-0.69	0.95	-0.23	0.67	0.97	0.95	0.29	0.84	0.38		0.79	0.88	0.53	0.13	0.96	0.65	0.69	0.27	0.6
Total Liab	0.99	0.19	0.93	0.85	0.86	0.5	0.93	-0.69	0.86	-0.29	0.88	0.77	0.85	0.27	0.99	0.82	0.79		0.8	0.8	-0.01	0.83	0.41	0.82	0.33	0.93
Property Plant And Equipment Gross	0.86	0.59	0.75	0.98	0.95	0.44	0.84	-0.67	0.96	-0.31	0.88	0.86	0.94	0.16	0.8	0.54	0.88	0.8		0.76	-0.02	0.94	0.32	0.85	0.55	0.73
Total Current Assets	0.82	0.29	0.88	0.75	0.66	0.02	0.92	-0.42	0.7	-0.15	0.96	0.48	0.65	0.07	0.75	0.87	0.53	0.8	0.76		-0.27	0.61	-0.02	0.83	0.76	0.88
Short Term Debt	-0.05	-0.27	-0.19	0.0	0.07	0.5	-0.23	-0.47	0.04	-0.24	-0.21	0.26	0.08	0.45	0.05	-0.24	0.13	-0.01	-0.02	-0.27		0.14	0.47	-0.12	-0.14	-0.19
Common Stock	0.86	0.4	0.7	0.97	0.99	0.66	0.75	-0.73	0.99	-0.32	0.75	0.98	0.98	0.22	0.85	0.49	0.96	0.83	0.94	0.61	0.14		0.52	0.8	0.34	0.68
Short Long Term Debt Total	0.39	0.01	0.09	0.36	0.5	0.96	0.13	-0.48	0.43	0.06	0.09	0.68	0.5	0.44	0.51	-0.11	0.65	0.41	0.32	-0.02	0.47	0.52		0.09	-0.17	0.08
Accounts Payable	0.82	0.3	0.88	0.87	0.83	0.21	0.85	-0.52	0.86	-0.13	0.86	0.68	0.81	0.32	0.77	0.72	0.69	0.82	0.85	0.83	-0.12	0.8	0.09		0.5	0.8
Non Currrent Assets Other	0.37	0.25	0.41	0.48	0.35	-0.14	0.5	-0.23	0.41	-0.16	0.66	0.24	0.38	-0.04	0.29	0.46	0.27	0.33	0.55	0.76	-0.14	0.34	-0.17	0.5		0.42
Other Liab	0.93	0.18	0.96	0.77	0.72	0.18	0.97	-0.6	0.75	-0.34	0.92	0.56	0.7	0.09	0.89	0.95	0.6	0.93	0.73	0.88	-0.19	0.68	0.08	0.8	0.42

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Tourmaline Oil Account Relationship Matchups

Tourmaline Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.2B	12.8B	15.3B	18.9B	20.1B	21.1B
Other Current Liab	23.0M	514.3M	1.0B	420.0M	38.9M	37.0M
Total Current Liabilities	438.1M	517.7M	1.1B	1.4B	1.6B	1.7B
Total Stockholder Equity	7.8B	8.8B	11.6B	13.7B	14.0B	7.2B
Property Plant And Equipment Net	10.9B	12.2B	13.8B	14.8B	17.5B	9.2B
Net Debt	1.6B	1.7B	891.9M	639.4M	1.1B	961.7M
Retained Earnings	1.6B	2.2B	3.8B	5.7B	5.2B	5.4B
Non Current Assets Total	10.9B	12.2B	14.6B	16.6B	18.8B	9.5B
Cash And Short Term Investments	12.1M	220.2M	(11.2M)	(10.2M)	(9.1M)	(8.7M)
Net Receivables	259.9M	363.6M	652.2M	1.1B	731.1M	767.6M
Common Stock Total Equity	5.9B	5.9B	5.9B	6.3B	7.3B	4.4B
Common Stock Shares Outstanding	271.9M	272.1M	316.8M	342.5M	351.4M	252.8M
Liabilities And Stockholders Equity	11.2B	12.8B	15.3B	18.9B	21.7B	22.8B
Non Current Liabilities Total	2.8B	3.0B	2.6B	3.8B	4.5B	4.7B
Other Current Assets	12.1M	23.1M	37.5M	1.2B	1.3B	1.4B
Other Stockholder Equity	287.4M	307.2M	284.3M	288.3M	331.6M	185.6M
Total Liab	3.2B	3.5B	3.7B	5.2B	6.1B	6.4B
Property Plant And Equipment Gross	10.9B	12.2B	19.8B	21.9B	17.5B	10.1B
Total Current Assets	285.1M	629.5M	689.7M	2.2B	1.3B	1.4B
Accumulated Other Comprehensive Income	(3.3B)	(4.0B)	(4.8B)	(5.9B)	(5.3B)	(5.1B)
Short Term Debt	2.7M	3.4M	3.0M	3.1M	3.6M	3.4M
Common Stock	5.9B	6.3B	7.5B	7.7B	8.9B	5.0B
Short Long Term Debt Total	1.6B	2.0B	880.7M	629.3M	723.7M	1.2B
Accounts Payable	412.3M	450.5M	775.5M	1.0B	1.1B	636.2M
Non Currrent Assets Other	4.8M	7.1M	12.2M	1.2B	2.1M	2.0M
Other Liab	1.1B	1.0B	1.8B	3.1B	3.6B	3.8B
Net Tangible Assets	7.8B	8.8B	11.6B	13.7B	15.7B	8.4B
Other Assets	4.8M	7.1M	12.2M	1.2B	1.4B	1.4B
Long Term Debt	1.6B	1.9B	869.6M	619.1M	1.1B	1.3B
Property Plant Equipment	10.9B	12.2B	13.8B	14.8B	17.0B	10.9B
Long Term Debt Total	1.6B	2.0B	877.7M	626.2M	563.5M	1.1B
Capital Surpluse	287.4M	307.2M	284.3M	288.3M	331.6M	275.4M
Long Term Investments	3.0M	0.0	745.9M	648.2M	608.0M	638.4M
Net Invested Capital	9.4B	10.8B	12.5B	14.3B	15.1B	12.5B
Net Working Capital	(153.0M)	111.7M	(361.0M)	809.4M	(298.3M)	(283.4M)
Capital Stock	5.9B	6.3B	7.5B	7.7B	8.5B	7.7B

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Tourmaline Gross Profit vs Interest Income Analysis

Gross Profit vs Interest Income

Gross Profit vs Interest Income Correlation Analysis

Correlation Coefficient

Gross Profit

Interest Income

Tourmaline Oil fundamental ratios Correlations

Tourmaline Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tourmaline Oil fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Liabilities Total

Common Stock	- 0.73	Cash
Non Current Liabilities Total	- 0.72	Cash
Common Stock Total Equity	- 0.72	Cash
Cash	- 0.7	Property Plant And Equipment Net
Cash	- 0.7	Total Assets
Total Liab	- 0.69	Cash