Tourmaline Net Interest Income vs Depreciation And Amortization 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 Net Interest Income and its Depreciation And Amortization 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.
Net Interest Income vs Depreciation And Amortization
Net Interest Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Net Interest Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have no relationship.
The correlation between Tourmaline Oil's Net Interest Income and Depreciation And Amortization is 0.08. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Depreciation And Amortization 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 Net Interest Income and Depreciation And Amortization 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 Interest Income of Tourmaline Oil Corp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Net Interest Income i.e., Tourmaline Oil's Net Interest Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.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.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
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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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tourmaline Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tourmaline Oil's short interest history, or implied volatility extrapolated from Tourmaline Oil options trading.
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