Tourmaline Property Plant And Equipment Net vs Net Receivables Analysis

TOU Stock

CAD 67.61 0.84 1.26%

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 Property Plant And Equipment Net and its Net Receivables 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.

Property Plant And Equipment Net vs Net Receivables

Property Plant And Equipment Net vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Property Plant And Equipment Net account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tourmaline Oil's Property Plant And Equipment Net and Net Receivables is 0.79. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Receivables 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 Property Plant And Equipment Net and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Tourmaline Oil Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant And Equipment Net i.e., Tourmaline Oil's Property Plant And Equipment Net and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Receivables

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 2nd of June 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 Property Plant And Equipment Net vs Net Receivables Analysis

Property Plant And Equipment Net vs Net Receivables

Property Plant And Equipment Net vs Net Receivables Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Net Receivables

Tourmaline Oil fundamental ratios Correlations

Tourmaline Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tourmaline Oil fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Tourmaline Stock analysis

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