Athabasca Net Receivables vs Property Plant And Equipment Net Analysis

ATH Stock

CAD 4.94 0.04 0.82%

Athabasca Oil financial indicator trend analysis is way more than just evaluating Athabasca Oil Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Athabasca Oil Corp is a good investment. Please check the relationship between Athabasca Oil Net Receivables and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Athabasca Oil Corp. 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 Receivables vs Property Plant And Equipment Net

Net Receivables vs Property Plant And Equipment Net Correlation Analysis

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

The correlation between Athabasca Oil's Net Receivables and Property Plant And Equipment Net is -0.13. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Athabasca Oil Corp, assuming nothing else is changed. The correlation between historical values of Athabasca Oil's Net Receivables and Property Plant And Equipment Net 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 Receivables of Athabasca Oil Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Receivables i.e., Athabasca Oil's Net Receivables and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

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.

Most indicators from Athabasca Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Athabasca 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Athabasca Oil Corp. 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, Athabasca Oil's Tax Provision is very stable compared to the past year. As of the 29th of January 2025, Enterprise Value Over EBITDA is likely to grow to 19.24, while Selling General Administrative is likely to drop about 85.6 M.

	2022	2023	2024	2025 (projected)
Interest Expense	79.0M	30.4M	34.9M	49.4M
Depreciation And Amortization	130.1M	110.8M	127.4M	101.2M

Interest Expense Depreciation And Amortization

Athabasca 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.47	-0.5	0.23	0.99	0.81	0.0	0.86	0.59	0.6	0.92	-0.45	0.68	-0.36	-0.23	0.53	0.4	-0.49	0.79	-0.41	0.7	0.34	0.87	0.34	-0.58	-0.56
Short Long Term Debt Total	0.47		-0.32	-0.13	0.35	0.57	0.69	0.32	-0.02	0.39	0.44	-0.04	0.21	-0.26	-0.42	0.13	0.72	-0.58	0.3	-0.11	0.87	-0.16	0.26	0.08	-0.61	-0.66
Other Current Liab	-0.5	-0.32		-0.1	-0.53	-0.29	0.11	-0.7	0.04	-0.56	-0.37	0.2	-0.57	0.34	0.58	-0.41	-0.12	0.72	-0.46	-0.19	-0.23	0.22	-0.58	-0.4	0.56	0.59
Total Current Liabilities	0.23	-0.13	-0.1		0.28	-0.15	-0.51	0.16	0.12	0.49	0.02	0.0	0.6	0.01	0.05	0.41	-0.65	-0.07	0.18	-0.44	-0.06	-0.08	0.48	0.72	-0.15	-0.13
Total Stockholder Equity	0.99	0.35	-0.53	0.28		0.75	-0.13	0.89	0.58	0.61	0.9	-0.46	0.71	-0.36	-0.2	0.56	0.28	-0.45	0.79	-0.39	0.59	0.38	0.89	0.37	-0.54	-0.51
Property Plant And Equipment Net	0.81	0.57	-0.29	-0.15	0.75		0.19	0.57	0.51	0.47	0.93	-0.22	0.21	-0.13	-0.06	0.0	0.69	-0.28	0.55	-0.34	0.77	0.55	0.47	-0.14	-0.33	-0.32
Net Debt	0.0	0.69	0.11	-0.51	-0.13	0.19		-0.09	-0.08	-0.39	0.0	0.09	-0.33	-0.01	-0.26	-0.09	0.73	-0.22	0.1	0.13	0.58	-0.33	-0.16	-0.31	-0.27	-0.33
Retained Earnings	0.86	0.32	-0.7	0.16	0.89	0.57	-0.09		0.32	0.54	0.72	-0.45	0.73	-0.6	-0.56	0.64	0.24	-0.7	0.78	0.04	0.44	0.14	0.87	0.44	-0.71	-0.69
Accounts Payable	0.59	-0.02	0.04	0.12	0.58	0.51	-0.08	0.32		0.07	0.63	-0.53	0.19	0.18	0.37	0.15	0.25	0.15	0.48	-0.59	0.41	0.44	0.45	0.09	0.08	0.08
Cash	0.6	0.39	-0.56	0.49	0.61	0.47	-0.39	0.54	0.07		0.55	-0.18	0.69	-0.31	-0.2	0.29	-0.03	-0.46	0.26	-0.3	0.34	0.22	0.54	0.51	-0.43	-0.43
Non Current Assets Total	0.92	0.44	-0.37	0.02	0.9	0.93	0.0	0.72	0.63	0.55		-0.45	0.47	-0.2	-0.03	0.28	0.53	-0.33	0.59	-0.44	0.7	0.54	0.64	0.1	-0.35	-0.33
Non Currrent Assets Other	-0.45	-0.04	0.2	0.0	-0.46	-0.22	0.09	-0.45	-0.53	-0.18	-0.45		-0.48	0.24	0.13	-0.53	-0.21	0.26	-0.14	0.14	-0.27	-0.08	-0.35	-0.53	0.25	0.25
Cash And Short Term Investments	0.68	0.21	-0.57	0.6	0.71	0.21	-0.33	0.73	0.19	0.69	0.47	-0.48		-0.52	-0.37	0.87	-0.13	-0.62	0.44	-0.24	0.29	-0.09	0.82	0.79	-0.56	-0.54
Net Receivables	-0.36	-0.26	0.34	0.01	-0.36	-0.13	-0.01	-0.6	0.18	-0.31	-0.2	0.24	-0.52		0.66	-0.52	-0.17	0.73	-0.41	-0.38	-0.22	0.14	-0.47	-0.31	0.63	0.6
Common Stock Shares Outstanding	-0.23	-0.42	0.58	0.05	-0.2	-0.06	-0.26	-0.56	0.37	-0.2	-0.03	0.13	-0.37	0.66		-0.38	-0.21	0.87	-0.34	-0.68	-0.25	0.54	-0.36	-0.39	0.85	0.85
Short Term Investments	0.53	0.13	-0.41	0.41	0.56	0.0	-0.09	0.64	0.15	0.29	0.28	-0.53	0.87	-0.52	-0.38		-0.09	-0.54	0.42	-0.13	0.21	-0.25	0.73	0.7	-0.51	-0.5
Non Current Liabilities Total	0.4	0.72	-0.12	-0.65	0.28	0.69	0.73	0.24	0.25	-0.03	0.53	-0.21	-0.13	-0.17	-0.21	-0.09		-0.33	0.28	0.0	0.8	0.09	0.07	-0.38	-0.29	-0.34
Inventory	-0.49	-0.58	0.72	-0.07	-0.45	-0.28	-0.22	-0.7	0.15	-0.46	-0.33	0.26	-0.62	0.73	0.87	-0.54	-0.33		-0.43	-0.36	-0.49	0.42	-0.56	-0.48	0.83	0.85
Other Current Assets	0.79	0.3	-0.46	0.18	0.79	0.55	0.1	0.78	0.48	0.26	0.59	-0.14	0.44	-0.41	-0.34	0.42	0.28	-0.43		-0.15	0.51	0.14	0.86	0.19	-0.56	-0.56
Other Stockholder Equity	-0.41	-0.11	-0.19	-0.44	-0.39	-0.34	0.13	0.04	-0.59	-0.3	-0.44	0.14	-0.24	-0.38	-0.68	-0.13	0.0	-0.36	-0.15		-0.34	-0.44	-0.28	-0.1	-0.25	-0.24
Total Liab	0.7	0.87	-0.23	-0.06	0.59	0.77	0.58	0.44	0.41	0.34	0.7	-0.27	0.29	-0.22	-0.25	0.21	0.8	-0.49	0.51	-0.34		0.04	0.47	0.08	-0.54	-0.58
Property Plant And Equipment Gross	0.34	-0.16	0.22	-0.08	0.38	0.55	-0.33	0.14	0.44	0.22	0.54	-0.08	-0.09	0.14	0.54	-0.25	0.09	0.42	0.14	-0.44	0.04		0.06	-0.34	0.31	0.35
Total Current Assets	0.87	0.26	-0.58	0.48	0.89	0.47	-0.16	0.87	0.45	0.54	0.64	-0.35	0.82	-0.47	-0.36	0.73	0.07	-0.56	0.86	-0.28	0.47	0.06		0.55	-0.61	-0.6
Short Term Debt	0.34	0.08	-0.4	0.72	0.37	-0.14	-0.31	0.44	0.09	0.51	0.1	-0.53	0.79	-0.31	-0.39	0.7	-0.38	-0.48	0.19	-0.1	0.08	-0.34	0.55		-0.52	-0.51
Common Stock Total Equity	-0.58	-0.61	0.56	-0.15	-0.54	-0.33	-0.27	-0.71	0.08	-0.43	-0.35	0.25	-0.56	0.63	0.85	-0.51	-0.29	0.83	-0.56	-0.25	-0.54	0.31	-0.61	-0.52		0.99
Common Stock	-0.56	-0.66	0.59	-0.13	-0.51	-0.32	-0.33	-0.69	0.08	-0.43	-0.33	0.25	-0.54	0.6	0.85	-0.5	-0.34	0.85	-0.56	-0.24	-0.58	0.35	-0.6	-0.51	0.99

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Athabasca Oil Account Relationship Matchups

Athabasca Oil fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.4B	1.7B	2.2B	2.0B	1.8B	2.0B
Short Long Term Debt Total	569.1M	392.8M	210.5M	185.5M	167.0M	158.6M
Other Current Liab	109.9M	211.7M	216.2M	52.2M	60.0M	97.0M
Total Current Liabilities	109.9M	286.4M	274.5M	185.1M	212.9M	241.4M
Total Stockholder Equity	567.0M	1.0B	1.7B	1.6B	1.4B	1.4B
Property Plant And Equipment Net	976.2M	1.3B	1.4B	1.1B	1.3B	1.6B
Net Debt	394.3M	161.2M	8.6M	(157.8M)	(142.0M)	(134.9M)
Retained Earnings	(1.8B)	(1.3B)	(770.5M)	(821.7M)	(739.5M)	(702.5M)
Accounts Payable	104.0M	112.0M	126.1M	129.7M	149.2M	123.0M
Cash	165.2M	223.1M	197.5M	343.3M	309.0M	252.0M
Non Current Assets Total	1.2B	1.4B	1.9B	1.5B	1.8B	1.9B
Non Currrent Assets Other	180.0M	52.6M	50.4M	37.7M	43.4M	45.5M
Cash And Short Term Investments	165.2M	223.1M	197.5M	343.3M	309.0M	396.5M
Net Receivables	62.5M	88.8M	89.5M	100.1M	115.1M	71.8M
Common Stock Shares Outstanding	528.8M	546.7M	586.9M	583.8M	671.3M	476.6M
Liabilities And Stockholders Equity	1.4B	1.7B	2.2B	2.0B	1.8B	2.0B
Non Current Liabilities Total	749.1M	429.7M	245.4M	280.1M	252.0M	442.5M
Inventory	30.4M	43.0M	56.9M	42.5M	48.9M	25.7M
Other Current Assets	11.6M	15.2M	12.7M	14.7M	13.3M	12.6M
Other Stockholder Equity	125.5M	126.6M	128.1M	131.7M	118.5M	190.3M
Total Liab	859.0M	716.2M	519.9M	465.2M	418.7M	618.0M
Property Plant And Equipment Gross	976.2M	3.2B	3.3B	2.7B	3.1B	2.0B
Total Current Assets	269.7M	370.1M	356.6M	500.6M	450.6M	641.5M
Common Stock	2.2B	2.2B	2.4B	2.3B	2.6B	2.4B
Other Liab	119.7M	180.0M	113.4M	93.9M	84.5M	106.8M
Net Tangible Assets	1.2B	567.0M	1.0B	1.7B	1.5B	1.4B
Long Term Debt	559.5M	309.6M	147.8M	179.7M	161.7M	153.6M
Property Plant Equipment	1.5B	976.2M	1.3B	1.4B	1.3B	1.4B
Other Assets	123.2M	180.0M	52.6M	463.7M	533.2M	559.9M
Long Term Debt Total	571.9M	569.1M	318.0M	152.2M	137.0M	130.2M
Capital Surpluse	129.5M	125.5M	126.6M	128.1M	115.3M	107.6M
Cash And Equivalents	254.4M	165.2M	223.1M	197.5M	227.2M	169.3M
Net Invested Capital	1.1B	1.4B	1.9B	1.8B	1.6B	1.3B

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

Moving against Athabasca Stock

0.48

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Microsoft Corp CDR

Pair Corr

The ability to find closely correlated positions to Athabasca 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 Athabasca 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 Athabasca 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 Athabasca Oil Corp to buy it.

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

Balance Sheet is a snapshot of the financial position of Athabasca Oil Corp at a specified time, usually calculated after every quarter, six months, or one year. Athabasca Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Athabasca 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 Athabasca currently owns. An asset can also be divided into two categories, current and non-current.

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Athabasca Net Receivables vs Property Plant And Equipment Net Analysis

Net Receivables vs Property Plant And Equipment Net

Net Receivables vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Net Receivables

Property Plant And Equipment Net

Athabasca Oil fundamental ratios Correlations

Athabasca Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Athabasca Oil fundamental ratios Accounts

Pair Trading with Athabasca Oil

Moving against Athabasca Stock

Other Information on Investing in Athabasca Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Common Stock	+ 0.99	Common Stock Total Equity
Non Current Assets Total	+ 0.93	Property Plant And Equipment Net
Non Current Assets Total	+ 0.92	Total Assets
Non Current Assets Total	+ 0.9	Total Stockholder Equity
Retained Earnings	+ 0.89	Total Stockholder Equity

Common Stock Total Equity	- 0.71	Retained Earnings
Inventory	- 0.7	Retained Earnings
Retained Earnings	- 0.7	Other Current Liab
Common Stock	- 0.69	Retained Earnings
Other Stockholder Equity	- 0.68	Common Stock Shares Outstanding
Common Stock	- 0.66	Short Long Term Debt Total