Advantage Net Interest Income vs Operating Income Analysis

AAV Stock

CAD 8.90 0.30 3.26%

Advantage Oil financial indicator trend analysis is way more than just evaluating Advantage Oil Gas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advantage Oil Gas is a good investment. Please check the relationship between Advantage Oil Net Interest Income and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Interest Income vs Operating Income

Net Interest Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advantage Oil Gas Net Interest Income account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Advantage Oil's Net Interest Income and Operating Income is -0.47. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Advantage Oil Gas, assuming nothing else is changed. The correlation between historical values of Advantage Oil's Net Interest Income and Operating Income 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 Advantage Oil Gas are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Interest Income i.e., Advantage Oil's Net Interest Income and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Operating Income

Operating Income is the amount of profit realized from Advantage Oil Gas operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Advantage Oil Gas is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Advantage Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advantage Oil Gas 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Advantage Oil's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Multiple is likely to grow to 5.83, while Selling General Administrative is likely to drop about 29.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	20.1M	19.8M	30.6M	42.3M
Depreciation And Amortization	107.9M	135.3M	150.3M	96.9M

Interest Expense Depreciation And Amortization

Advantage Oil fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.1	0.74	0.73	0.59	-0.08	-0.52	0.77	0.73	0.55	0.23	0.72	0.75	-0.47	0.2	0.7	0.24	0.85	-0.02	0.75	-0.18	0.7	0.61	0.77	-0.52	-0.43
Short Long Term Debt Total	0.1		-0.16	-0.06	-0.22	0.24	0.65	-0.1	-0.16	0.28	0.09	-0.09	-0.15	-0.04	0.6	-0.24	0.18	0.17	0.07	-0.08	0.42	-0.13	0.14	-0.04	0.21	0.17
Other Current Liab	0.74	-0.16		0.98	0.06	-0.7	-0.83	0.86	0.97	-0.14	0.25	0.98	0.98	-0.84	-0.38	0.92	0.26	0.9	-0.44	0.98	-0.13	0.98	0.8	0.96	-0.93	-0.87
Total Current Liabilities	0.73	-0.06	0.98		0.01	-0.71	-0.77	0.86	0.96	-0.15	0.21	0.98	0.97	-0.88	-0.36	0.89	0.22	0.92	-0.41	0.98	-0.1	0.97	0.85	0.98	-0.92	-0.85
Total Stockholder Equity	0.59	-0.22	0.06	0.01		0.47	-0.23	0.29	0.12	0.76	0.17	0.04	0.12	0.23	0.31	0.21	-0.15	0.14	0.41	0.09	-0.48	0.06	-0.06	0.07	0.13	0.26
Property Plant And Equipment Net	-0.08	0.24	-0.7	-0.71	0.47		0.68	-0.58	-0.73	0.76	-0.08	-0.74	-0.71	0.84	0.73	-0.7	0.03	-0.5	0.51	-0.72	0.1	-0.76	-0.6	-0.65	0.87	0.78
Net Debt	-0.52	0.65	-0.83	-0.77	-0.23	0.68		-0.77	-0.85	0.23	-0.16	-0.81	-0.85	0.64	0.59	-0.88	-0.02	-0.6	0.28	-0.8	0.43	-0.83	-0.51	-0.75	0.83	0.7
Retained Earnings	0.77	-0.1	0.86	0.86	0.29	-0.58	-0.77		0.93	0.06	0.2	0.9	0.92	-0.86	-0.17	0.91	0.15	0.89	0.0	0.91	-0.37	0.89	0.68	0.88	-0.83	-0.58
Cash	0.73	-0.16	0.97	0.96	0.12	-0.73	-0.85	0.93		-0.14	0.25	0.99	1.0	-0.88	-0.38	0.97	0.15	0.9	-0.34	0.98	-0.25	0.99	0.76	0.95	-0.95	-0.81
Non Current Assets Total	0.55	0.28	-0.14	-0.15	0.76	0.76	0.23	0.06	-0.14		0.06	-0.16	-0.12	0.34	0.79	-0.13	0.22	0.14	0.55	-0.13	-0.09	-0.19	-0.17	-0.05	0.37	0.42
Non Currrent Assets Other	0.23	0.09	0.25	0.21	0.17	-0.08	-0.16	0.2	0.25	0.06		0.22	0.24	-0.14	-0.08	0.3	-0.05	0.2	-0.19	0.22	-0.3	0.25	0.09	0.2	-0.24	-0.2
Cash And Short Term Investments	0.72	-0.09	0.98	0.98	0.04	-0.74	-0.81	0.9	0.99	-0.16	0.22		0.99	-0.89	-0.37	0.92	0.2	0.91	-0.39	0.98	-0.13	0.99	0.79	0.97	-0.95	-0.86
Net Receivables	0.75	-0.15	0.98	0.97	0.12	-0.71	-0.85	0.92	1.0	-0.12	0.24	0.99		-0.87	-0.36	0.97	0.18	0.91	-0.35	0.99	-0.23	0.99	0.76	0.96	-0.94	-0.82
Common Stock Shares Outstanding	-0.47	-0.04	-0.84	-0.88	0.23	0.84	0.64	-0.86	-0.88	0.34	-0.14	-0.89	-0.87		0.35	-0.81	-0.25	-0.83	0.24	-0.87	0.11	-0.88	-0.73	-0.86	0.91	0.73
Non Current Liabilities Total	0.2	0.6	-0.38	-0.36	0.31	0.73	0.59	-0.17	-0.38	0.79	-0.08	-0.37	-0.36	0.35		-0.39	0.3	0.02	0.64	-0.35	0.09	-0.42	-0.24	-0.29	0.51	0.57
Inventory	0.7	-0.24	0.92	0.89	0.21	-0.7	-0.88	0.91	0.97	-0.13	0.3	0.92	0.97	-0.81	-0.39		0.07	0.83	-0.3	0.94	-0.41	0.96	0.68	0.88	-0.91	-0.71
Other Stockholder Equity	0.24	0.18	0.26	0.22	-0.15	0.03	-0.02	0.15	0.15	0.22	-0.05	0.2	0.18	-0.25	0.3	0.07		0.35	-0.06	0.13	0.34	0.16	0.03	0.25	-0.17	-0.24
Total Liab	0.85	0.17	0.9	0.92	0.14	-0.5	-0.6	0.89	0.9	0.14	0.2	0.91	0.91	-0.83	0.02	0.83	0.35		-0.14	0.92	-0.12	0.88	0.79	0.93	-0.81	-0.67
Property Plant And Equipment Gross	-0.02	0.07	-0.44	-0.41	0.41	0.51	0.28	0.0	-0.34	0.55	-0.19	-0.39	-0.35	0.24	0.64	-0.3	-0.06	-0.14		-0.36	-0.36	-0.43	-0.36	-0.32	0.42	0.7
Total Current Assets	0.75	-0.08	0.98	0.98	0.09	-0.72	-0.8	0.91	0.98	-0.13	0.22	0.98	0.99	-0.87	-0.35	0.94	0.13	0.92	-0.36		-0.18	0.98	0.86	0.96	-0.93	-0.82
Short Term Debt	-0.18	0.42	-0.13	-0.1	-0.48	0.1	0.43	-0.37	-0.25	-0.09	-0.3	-0.13	-0.23	0.11	0.09	-0.41	0.34	-0.12	-0.36	-0.18		-0.2	0.07	-0.11	0.17	-0.16
Intangible Assets	0.7	-0.13	0.98	0.97	0.06	-0.76	-0.83	0.89	0.99	-0.19	0.25	0.99	0.99	-0.88	-0.42	0.96	0.16	0.88	-0.43	0.98	-0.2		0.77	0.95	-0.95	-0.84
Other Current Assets	0.61	0.14	0.8	0.85	-0.06	-0.6	-0.51	0.68	0.76	-0.17	0.09	0.79	0.76	-0.73	-0.24	0.68	0.03	0.79	-0.36	0.86	0.07	0.77		0.78	-0.72	-0.69
Accounts Payable	0.77	-0.04	0.96	0.98	0.07	-0.65	-0.75	0.88	0.95	-0.05	0.2	0.97	0.96	-0.86	-0.29	0.88	0.25	0.93	-0.32	0.96	-0.11	0.95	0.78		-0.9	-0.82
Good Will	-0.52	0.21	-0.93	-0.92	0.13	0.87	0.83	-0.83	-0.95	0.37	-0.24	-0.95	-0.94	0.91	0.51	-0.91	-0.17	-0.81	0.42	-0.93	0.17	-0.95	-0.72	-0.9		0.89
Common Stock Total Equity	-0.43	0.17	-0.87	-0.85	0.26	0.78	0.7	-0.58	-0.81	0.42	-0.2	-0.86	-0.82	0.73	0.57	-0.71	-0.24	-0.67	0.7	-0.82	-0.16	-0.84	-0.69	-0.82	0.89

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Advantage Oil Account Relationship Matchups

Advantage Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	1.5B	2.0B	2.2B	2.3B	1.4B
Short Long Term Debt Total	298.2M	249.4M	169.2M	194.6M	354.0M	268.3M
Other Current Liab	64.4M	56.8M	95.4M	107.8M	20.5M	19.5M
Total Current Liabilities	64.6M	57.0M	95.4M	107.8M	96.4M	91.6M
Total Stockholder Equity	1.3B	1.0B	1.5B	1.6B	1.6B	992.2M
Property Plant And Equipment Net	1.8B	1.5B	1.9B	1.9B	2.1B	1.2B
Net Debt	285.1M	246.1M	142.1M	144.0M	334.7M	243.2M
Retained Earnings	(1.2B)	(1.4B)	(1.0B)	(684.6M)	(583.0M)	(612.1M)
Cash	13.1M	3.3M	25.2M	48.9M	19.3M	32.1M
Non Current Assets Total	1.8B	1.5B	1.9B	2.0B	2.2B	1.4B
Non Currrent Assets Other	1.8B	4.1M	57.7M	94.0M	4.0M	3.8M
Cash And Short Term Investments	13.1M	3.3M	25.2M	48.9M	19.3M	32.5M
Net Receivables	29.3M	28.5M	54.8M	92.8M	53.4M	50.7M
Common Stock Shares Outstanding	190.9M	186.7M	187.8M	198.6M	171.8M	104.5M
Liabilities And Stockholders Equity	1.8B	1.5B	2.0B	2.2B	2.3B	1.4B
Non Current Liabilities Total	437.7M	436.5M	439.5M	544.5M	646.2M	434.3M
Other Stockholder Equity	117.1M	114.3M	110.3M	142.8M	187.0M	362.7M
Total Liab	502.4M	493.5M	534.9M	652.3M	742.6M	609.4M
Property Plant And Equipment Gross	1.8B	1.5B	3.0B	3.2B	3.5B	3.7B
Total Current Assets	45.9M	40.7M	83.8M	178.7M	120.5M	114.4M
Short Term Debt	266K	256K	4.1M	4.7M	5.3M	5.1M
Other Current Assets	3.5M	8.9M	3.8M	37.0M	47.8M	38.5M
Accounts Payable	51.9M	38.1M	76.6M	78.3M	70.6M	67.1M
Common Stock Total Equity	2.3B	2.3B	2.3B	2.4B	2.7B	2.4B
Common Stock	2.3B	2.4B	2.4B	2.1B	2.0B	2.4B
Other Liab	139.8M	187.4M	180.5M	259.4M	298.3M	151.4M
Net Tangible Assets	1.3B	1.0B	1.5B	1.6B	1.8B	1.4B
Other Assets	0.0	28.9M	57.7M	94.0M	108.1M	113.5M
Long Term Debt	295.6M	247.1M	167.3M	192.9M	259.1M	185.1M
Property Plant Equipment	1.8B	1.5B	1.9B	1.9B	2.2B	1.8B
Long Term Debt Total	297.9M	249.1M	169.2M	194.6M	223.8M	242.6M

Pair Trading with Advantage 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 Advantage 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 Advantage Oil will appreciate offsetting losses from the drop in the long position's value.

Moving against Advantage Stock

0.43	ENS	E Split Corp	Pair Corr
0.38	ENB-PFV	Enbridge Pref 5	Pair Corr
0.38	FFH	Fairfax Financial	Pair Corr
0.32	FFH-PC	Fairfax Fin Hld	Pair Corr

The ability to find closely correlated positions to Advantage 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 Advantage 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 Advantage 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 Advantage Oil Gas to buy it.

The correlation of Advantage 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 Advantage Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advantage Oil Gas 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 Advantage 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.

Pair Correlation Correlation Matching

Other Information on Investing in Advantage Stock

Balance Sheet is a snapshot of the financial position of Advantage Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Advantage Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Advantage Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Advantage currently owns. An asset can also be divided into two categories, current and non-current.

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Advantage Net Interest Income vs Operating Income Analysis

Net Interest Income vs Operating Income

Net Interest Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Interest Income

Operating Income

Advantage Oil fundamental ratios Correlations

Advantage Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Advantage Oil fundamental ratios Accounts

Pair Trading with Advantage Oil

Moving against Advantage Stock

Other Information on Investing in Advantage Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 1.0	Cash
Cash And Short Term Investments	+ 0.99	Cash
Intangible Assets	+ 0.99	Cash
Net Receivables	+ 0.99	Cash And Short Term Investments
Intangible Assets	+ 0.99	Cash And Short Term Investments
Total Current Assets	+ 0.99	Net Receivables

Good Will	- 0.95	Intangible Assets
Good Will	- 0.95	Cash And Short Term Investments
Good Will	- 0.95	Cash
Good Will	- 0.94	Net Receivables
Good Will	- 0.93	Total Current Assets
Good Will	- 0.93	Other Current Liab