Tourmaline Interest Expense vs Operating 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 Interest Expense and its Operating 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.
Interest Expense vs Operating Income
Interest Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Interest Expense account and Operating Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Tourmaline Oil's Interest Expense and Operating Income is 0.16. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Operating 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 Interest Expense and Operating 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 Interest Expense of Tourmaline Oil Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Expense i.e., Tourmaline Oil's Interest Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Operating Income
Operating Income is the amount of profit realized from Tourmaline Oil Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Tourmaline Oil Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 |
Tourmaline Oil fundamental ratios Correlations
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Tourmaline Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
Currently Active Assets on Macroaxis
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