Tourmaline Minority Interest vs Total Revenue 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 Minority Interest and its Total Revenue 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.
Minority Interest vs Total Revenue
Minority Interest vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Minority Interest account and Total Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Tourmaline Oil's Minority Interest and Total Revenue is -0.15. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Total Revenue 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 Minority Interest and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Tourmaline Oil Corp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Minority Interest i.e., Tourmaline Oil's Minority Interest and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Tourmaline Oil Corp whose combined shares represent less than 50% of the total outstanding shares issued by Tourmaline Oil have a minority interest in Tourmaline Oil.Total Revenue
Total revenue comprises all receipts Tourmaline Oil Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary 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
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. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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