Tamboran Capital Lease Obligations vs Non Current Assets Total Analysis
| TBN Stock | 17.25 1.33 7.16% |
Tamboran Resources financial indicator trend analysis is much more than just breaking down Tamboran Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tamboran Resources is a good investment. Please check the relationship between Tamboran Resources Capital Lease Obligations and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tamboran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.
Capital Lease Obligations vs Non Current Assets Total
Capital Lease Obligations vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tamboran Resources Capital Lease Obligations account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tamboran Resources' Capital Lease Obligations and Non Current Assets Total is 0.91. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Tamboran Resources, assuming nothing else is changed. The correlation between historical values of Tamboran Resources' Capital Lease Obligations and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Tamboran Resources are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Capital Lease Obligations i.e., Tamboran Resources' Capital Lease Obligations and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Capital Lease Obligations
Tamboran Resources capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Tamboran Resources asset purchases. For example, Tamboran Resources can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Tamboran Resources control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Tamboran Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tamboran Resources 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 Tamboran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.At this time, Tamboran Resources' Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 271.4 M, while Issuance Of Capital Stock is likely to drop about 119.2 M.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 305.3K | 274.7K | 261.0K | Depreciation And Amortization | 407.6K | 1.0M | 526.6K |
Tamboran Resources fundamental ratios Correlations
Click cells to compare fundamentals
Tamboran Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Tamboran Resources
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 Tamboran Resources 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 Tamboran Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Tamboran Stock
Moving against Tamboran Stock
The ability to find closely correlated positions to Tamboran Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamboran Resources 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 Tamboran Resources - 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 Tamboran Resources to buy it.
The correlation of Tamboran Resources 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 Tamboran Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamboran Resources 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 Tamboran Resources 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tamboran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tamboran Resources. If investors know Tamboran will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tamboran Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Return On Assets (0.04) | Return On Equity (0.14) |
The market value of Tamboran Resources is measured differently than its book value, which is the value of Tamboran that is recorded on the company's balance sheet. Investors also form their own opinion of Tamboran Resources' value that differs from its market value or its book value, called intrinsic value, which is Tamboran Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tamboran Resources' market value can be influenced by many factors that don't directly affect Tamboran Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tamboran Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tamboran Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tamboran Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.