Suncor Tax Provision vs Net Interest Income Analysis

SU Stock

USD 39.56 0.39 0.98%

Suncor Energy financial indicator trend analysis is much more than just breaking down Suncor Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suncor Energy is a good investment. Please check the relationship between Suncor Energy Tax Provision and its Net Interest Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.

Tax Provision vs Net Interest Income

Tax Provision vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suncor Energy Tax Provision account and Net Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Suncor Energy's Tax Provision and Net Interest Income is -0.55. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Suncor Energy, assuming nothing else is changed. The correlation between historical values of Suncor Energy's Tax Provision and Net Interest 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 Tax Provision of Suncor Energy are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Tax Provision i.e., Suncor Energy's Tax Provision and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

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Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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.

Most indicators from Suncor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suncor Energy 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 Suncor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.At this time, Suncor Energy's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 3 B in 2025, whereas Enterprise Value Over EBITDA is likely to drop 4.15 in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	28.8B	21.9B	25.2B	26.5B
Total Revenue	58.3B	52.2B	60.0B	63.0B

Gross Profit Total Revenue

Suncor Energy 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	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Other Current Assets	Common Stock Total Equity	Common Stock
Total Assets		0.88	0.58	0.88	0.98	0.99	0.78	0.77	0.85	0.23	0.99	0.18	0.23	0.7	0.72	0.97	0.83	-0.36	0.98	0.76	0.76	0.32	0.63	0.51	0.97	0.8
Short Long Term Debt Total	0.88		0.31	0.75	0.78	0.92	0.96	0.42	0.58	-0.02	0.92	0.08	-0.02	0.43	0.63	0.96	0.64	-0.46	0.95	0.64	0.46	0.59	0.7	0.44	0.92	0.8
Other Current Liab	0.58	0.31		0.68	0.6	0.48	0.22	0.74	0.82	0.26	0.5	0.16	0.26	0.86	0.18	0.47	0.82	-0.11	0.53	0.72	0.83	-0.08	0.44	0.42	0.49	0.19
Total Current Liabilities	0.88	0.75	0.68		0.83	0.83	0.66	0.64	0.88	0.22	0.85	0.25	0.22	0.76	0.67	0.82	0.82	-0.19	0.89	0.7	0.79	0.46	0.54	0.44	0.86	0.72
Total Stockholder Equity	0.98	0.78	0.6	0.83		0.95	0.64	0.87	0.86	0.36	0.96	0.19	0.36	0.71	0.74	0.9	0.8	-0.31	0.92	0.72	0.81	0.18	0.53	0.49	0.92	0.75
Property Plant And Equipment Net	0.99	0.92	0.48	0.83	0.95		0.83	0.7	0.76	0.17	1.0	0.1	0.17	0.58	0.74	0.98	0.75	-0.44	0.98	0.71	0.65	0.4	0.64	0.46	0.98	0.83
Net Debt	0.78	0.96	0.22	0.66	0.64	0.83		0.24	0.49	-0.3	0.83	0.09	-0.3	0.34	0.46	0.9	0.59	-0.45	0.87	0.66	0.3	0.62	0.81	0.42	0.86	0.7
Retained Earnings	0.77	0.42	0.74	0.64	0.87	0.7	0.24		0.84	0.53	0.71	0.16	0.53	0.8	0.49	0.62	0.77	-0.17	0.65	0.65	0.89	-0.22	0.3	0.46	0.64	0.42
Accounts Payable	0.85	0.58	0.82	0.88	0.86	0.76	0.49	0.84		0.22	0.78	0.37	0.22	0.93	0.48	0.75	0.96	-0.07	0.8	0.83	0.93	0.01	0.59	0.5	0.8	0.52
Cash	0.23	-0.02	0.26	0.22	0.36	0.17	-0.3	0.53	0.22		0.17	-0.05	1.0	0.21	0.51	0.07	0.05	0.03	0.11	-0.2	0.48	-0.19	-0.52	-0.03	0.05	0.25
Non Current Assets Total	0.99	0.92	0.5	0.85	0.96	1.0	0.83	0.71	0.78	0.17		0.15	0.17	0.61	0.74	0.98	0.77	-0.39	0.98	0.73	0.67	0.38	0.65	0.46	0.98	0.83
Non Currrent Assets Other	0.18	0.08	0.16	0.25	0.19	0.1	0.09	0.16	0.37	-0.05	0.15		-0.05	0.31	0.22	0.13	0.3	0.82	0.16	0.17	0.25	-0.08	0.09	-0.18	0.2	0.12
Cash And Short Term Investments	0.23	-0.02	0.26	0.22	0.36	0.17	-0.3	0.53	0.22	1.0	0.17	-0.05		0.21	0.51	0.07	0.05	0.03	0.11	-0.2	0.48	-0.19	-0.52	-0.03	0.05	0.25
Net Receivables	0.7	0.43	0.86	0.76	0.71	0.58	0.34	0.8	0.93	0.21	0.61	0.31	0.21		0.26	0.6	0.95	-0.03	0.66	0.81	0.94	-0.11	0.52	0.63	0.63	0.29
Common Stock Shares Outstanding	0.72	0.63	0.18	0.67	0.74	0.74	0.46	0.49	0.48	0.51	0.74	0.22	0.51	0.26		0.66	0.32	-0.09	0.68	0.17	0.44	0.42	0.06	0.05	0.7	0.9
Non Current Liabilities Total	0.97	0.96	0.47	0.82	0.9	0.98	0.9	0.62	0.75	0.07	0.98	0.13	0.07	0.6	0.66		0.78	-0.43	0.99	0.75	0.64	0.41	0.72	0.5	0.98	0.8
Inventory	0.83	0.64	0.82	0.82	0.8	0.75	0.59	0.77	0.96	0.05	0.77	0.3	0.05	0.95	0.32	0.78		-0.17	0.82	0.92	0.88	0.05	0.74	0.63	0.8	0.44
Other Stockholder Equity	-0.36	-0.46	-0.11	-0.19	-0.31	-0.44	-0.45	-0.17	-0.07	0.03	-0.39	0.82	0.03	-0.03	-0.09	-0.43	-0.17		-0.39	-0.33	-0.08	-0.28	-0.42	-0.45	-0.36	-0.3
Total Liab	0.98	0.95	0.53	0.89	0.92	0.98	0.87	0.65	0.8	0.11	0.98	0.16	0.11	0.66	0.68	0.99	0.82	-0.39		0.76	0.69	0.44	0.7	0.5	0.98	0.8
Property Plant And Equipment Gross	0.76	0.64	0.72	0.7	0.72	0.71	0.66	0.65	0.83	-0.2	0.73	0.17	-0.2	0.81	0.17	0.75	0.92	-0.33	0.76		0.71	0.1	0.89	0.72	0.78	0.38
Total Current Assets	0.76	0.46	0.83	0.79	0.81	0.65	0.3	0.89	0.93	0.48	0.67	0.25	0.48	0.94	0.44	0.64	0.88	-0.08	0.69	0.71		-0.1	0.38	0.6	0.66	0.42
Short Term Debt	0.32	0.59	-0.08	0.46	0.18	0.4	0.62	-0.22	0.01	-0.19	0.38	-0.08	-0.19	-0.11	0.42	0.41	0.05	-0.28	0.44	0.1	-0.1		0.25	0.1	0.41	0.55
Other Assets	0.63	0.7	0.44	0.54	0.53	0.64	0.81	0.3	0.59	-0.52	0.65	0.09	-0.52	0.52	0.06	0.72	0.74	-0.42	0.7	0.89	0.38	0.25		0.58	0.73	0.37
Other Current Assets	0.51	0.44	0.42	0.44	0.49	0.46	0.42	0.46	0.5	-0.03	0.46	-0.18	-0.03	0.63	0.05	0.5	0.63	-0.45	0.5	0.72	0.6	0.1	0.58		0.52	0.24
Common Stock Total Equity	0.97	0.92	0.49	0.86	0.92	0.98	0.86	0.64	0.8	0.05	0.98	0.2	0.05	0.63	0.7	0.98	0.8	-0.36	0.98	0.78	0.66	0.41	0.73	0.52		0.82
Common Stock	0.8	0.8	0.19	0.72	0.75	0.83	0.7	0.42	0.52	0.25	0.83	0.12	0.25	0.29	0.9	0.8	0.44	-0.3	0.8	0.38	0.42	0.55	0.37	0.24	0.82

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Suncor Energy Account Relationship Matchups

Suncor Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	84.6B	83.7B	84.6B	88.5B	101.8B	106.9B
Short Long Term Debt Total	21.7B	18.4B	15.6B	15.8B	18.2B	19.1B
Other Current Liab	527M	779M	1.1B	983M	1.1B	1.2B
Total Current Liabilities	10.5B	10.4B	12.9B	9.6B	11.0B	11.6B
Total Stockholder Equity	35.8B	36.6B	39.4B	43.3B	49.8B	52.3B
Property Plant And Equipment Net	70.4B	67.8B	64.6B	69.4B	79.8B	83.8B
Net Debt	19.8B	16.1B	13.6B	14.1B	16.2B	17.0B
Retained Earnings	9.1B	11.5B	15.6B	20.0B	23.0B	24.2B
Accounts Payable	4.7B	6.5B	8.2B	7.7B	8.9B	9.3B
Cash	1.9B	2.2B	2.0B	1.7B	2.0B	1.6B
Non Current Assets Total	75.2B	72.8B	70.1B	74.7B	85.9B	90.2B
Non Currrent Assets Other	954M	916M	1.0B	1.2B	1.4B	1.5B
Cash And Short Term Investments	1.9B	2.2B	2.0B	1.7B	2.0B	1.6B
Net Receivables	3.9B	4.7B	6.3B	6.7B	7.7B	8.1B
Common Stock Shares Outstanding	1.5B	1.5B	1.4B	1.3B	1.5B	1.3B
Liabilities And Stockholders Equity	84.6B	83.7B	84.6B	88.5B	101.8B	106.9B
Non Current Liabilities Total	38.3B	36.7B	32.4B	35.7B	41.0B	43.1B
Inventory	3.6B	4.1B	5.1B	5.4B	6.2B	6.5B
Other Stockholder Equity	591M	612M	571M	569M	512.1M	486.5M
Total Liab	48.9B	47.1B	45.3B	45.3B	52.0B	54.7B
Property Plant And Equipment Gross	70.4B	67.8B	129.2B	127.3B	146.4B	153.8B
Total Current Assets	9.4B	11.0B	14.5B	13.8B	15.9B	16.7B
Accumulated Other Comprehensive Income	877M	814M	974M	1.0B	1.2B	1.3B
Short Term Debt	5.3B	1.8B	3.1B	842M	968.3M	877.5M
Other Assets	1.1B	1.2B	1.5B	1.8B	2.1B	2.2B
Other Current Assets	880M	251M	1.2B	1.0B	1.2B	1.3B
Common Stock	25.1B	23.7B	22.3B	21.7B	24.9B	14.4B
Intangible Assets	436M	631M	694M	636M	731.4M	768.0M
Other Liab	21.4B	21.9B	20.2B	19.5B	22.4B	23.5B
Net Tangible Assets	39.0B	32.4B	33.1B	35.8B	41.1B	43.2B
Long Term Debt	13.8B	14.0B	9.8B	11.1B	12.8B	9.2B
Long Term Investments	323M	391M	758M	490M	563.5M	591.7M
Short Long Term Debt	5.0B	1.5B	2.8B	494M	568.1M	539.7M
Property Plant Equipment	75.1B	70.4B	67.8B	64.6B	74.3B	47.0B
Long Term Debt Total	15.5B	16.4B	16.5B	12.5B	14.4B	14.3B
Capital Surpluse	566M	591M	612M	571M	656.7M	554.8M
Capital Lease Obligations	2.9B	2.9B	3.0B	3.8B	4.4B	4.6B

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