Tourmaline Reconciled Depreciation vs Income Tax Expense 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 Reconciled Depreciation and its Income Tax Expense 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.
Reconciled Depreciation vs Income Tax Expense
Reconciled Depreciation vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Reconciled Depreciation account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Tourmaline Oil's Reconciled Depreciation and Income Tax Expense is 0.8. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Income Tax Expense 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 Reconciled Depreciation and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Tourmaline Oil Corp are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Reconciled Depreciation i.e., Tourmaline Oil's Reconciled Depreciation and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Reconciled Depreciation
Income Tax Expense
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 |
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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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