Tourmaline Debt To Assets from 2010 to 2026
| TOU Stock | CAD 61.87 0.28 0.45% |
Debt To Assets | First Reported 2010-12-31 | Previous Quarter 0.0661 | Current Value 0.11 | Quarterly Volatility 0.04775327 |
Check Tourmaline Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tourmaline Oil's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.9 B, Interest Expense of 98.2 M or Selling General Administrative of 192.6 M, as well as many indicators such as Price To Sales Ratio of 10.2, Dividend Yield of 0.0456 or PTB Ratio of 1.54. Tourmaline financial statements analysis is a perfect complement when working with Tourmaline Oil Valuation or Volatility modules.
Tourmaline | Debt To Assets |
Evaluating Tourmaline Oil's Debt To Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Tourmaline Oil Corp's fundamental strength.
Latest Tourmaline Oil's Debt To Assets Growth Pattern
Below is the plot of the Debt To Assets of Tourmaline Oil Corp over the last few years. It is Tourmaline Oil's Debt To Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tourmaline Oil's overall financial position and show how it may be relating to other accounts over time.
| Debt To Assets | 10 Years Trend |
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Debt To Assets |
| Timeline |
Tourmaline Debt To Assets Regression Statistics
| Arithmetic Mean | 0.1 | |
| Geometric Mean | 0.08 | |
| Coefficient Of Variation | 48.71 | |
| Mean Deviation | 0.04 | |
| Median | 0.11 | |
| Standard Deviation | 0.05 | |
| Sample Variance | 0 | |
| Range | 0.1317 | |
| R-Value | (0.11) | |
| Mean Square Error | 0 | |
| R-Squared | 0.01 | |
| Significance | 0.67 | |
| Slope | (0) | |
| Total Sum of Squares | 0.04 |
Tourmaline Debt To Assets History
About Tourmaline Oil Financial Statements
Tourmaline Oil investors utilize fundamental indicators, such as Debt To Assets, to predict how Tourmaline Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Debt To Assets | 0.07 | 0.11 |
Pair Trading with Tourmaline Oil
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tourmaline Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Tourmaline Stock
The ability to find closely correlated positions to Tourmaline Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tourmaline Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tourmaline Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tourmaline Oil Corp to buy it.
The correlation of Tourmaline Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tourmaline Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tourmaline Stock
Tourmaline Oil financial ratios help investors to determine whether Tourmaline Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tourmaline with respect to the benefits of owning Tourmaline Oil security.