Tenaz Short Term Debt vs Capital Surpluse Analysis

TNZ Stock

14.10 0.32 2.22%

Tenaz Energy financial indicator trend analysis is much more than just breaking down Tenaz Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenaz Energy Corp is a good investment. Please check the relationship between Tenaz Energy Short Term Debt and its Capital Surpluse accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaz Energy 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.

Short Term Debt vs Capital Surpluse

Short Term Debt vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenaz Energy Corp Short Term Debt account and Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tenaz Energy's Short Term Debt and Capital Surpluse is 0.74. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Tenaz Energy Corp, assuming nothing else is changed. The correlation between historical values of Tenaz Energy's Short Term Debt and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Tenaz Energy Corp are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Short Term Debt i.e., Tenaz Energy's Short Term Debt and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Debt

Capital Surpluse

Most indicators from Tenaz Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenaz Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaz Energy 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, Tenaz Energy's Selling General Administrative is very stable compared to the past year. As of the 3rd of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.25, though Tax Provision is likely to grow to (5.3 M).

	2021	2022	2023	2024 (projected)
Gross Profit	11.1M	21.7M	40.0M	42.0M
Total Revenue	17.8M	34.1M	64.9M	68.1M

Gross Profit Total Revenue

Tenaz Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Short Long Term Debt Total	Short Term Debt	Short Term Investments	Common Stock	Capital Surpluse	Cash And Equivalents
Total Assets		0.95	0.94	-0.57	0.66	0.98	0.76	0.76	0.97	0.99	0.66	0.98	0.97	0.82	0.98	0.99	0.81	0.96	0.98	0.66	0.21	0.97	-0.5	0.72	0.77	-0.29
Total Current Liabilities	0.95		0.82	-0.33	0.54	0.96	0.58	0.57	0.92	0.97	0.62	0.98	0.93	0.66	0.93	0.94	0.71	0.98	0.95	0.7	0.46	0.96	-0.38	0.66	0.77	-0.32
Total Stockholder Equity	0.94	0.82		-0.65	0.58	0.91	0.81	0.8	0.96	0.88	0.59	0.85	0.89	0.8	0.94	0.94	0.84	0.85	0.86	0.68	0.05	0.84	-0.66	0.85	0.75	-0.15
Net Debt	-0.57	-0.33	-0.65		-0.7	-0.55	-0.96	-0.96	-0.47	-0.5	-0.51	-0.49	-0.65	-0.89	-0.46	-0.49	-0.51	-0.35	-0.57	-0.25	0.55	-0.49	0.24	-0.35	-0.36	-0.19
Retained Earnings	0.66	0.54	0.58	-0.7		0.65	0.73	0.73	0.49	0.63	0.47	0.67	0.69	0.8	0.58	0.62	0.43	0.54	0.73	0.13	-0.27	0.66	-0.06	0.12	0.2	-0.21
Accounts Payable	0.98	0.96	0.91	-0.55	0.65		0.75	0.75	0.94	0.98	0.7	0.97	0.97	0.8	0.95	0.96	0.8	0.95	0.96	0.73	0.24	0.95	-0.4	0.7	0.79	-0.17
Cash	0.76	0.58	0.81	-0.96	0.73	0.75		1.0	0.68	0.71	0.62	0.7	0.83	0.94	0.66	0.69	0.64	0.59	0.75	0.44	-0.32	0.69	-0.35	0.52	0.54	0.09
Cash And Short Term Investments	0.76	0.57	0.8	-0.96	0.73	0.75	1.0		0.67	0.71	0.62	0.7	0.83	0.94	0.66	0.69	0.63	0.58	0.75	0.43	-0.32	0.69	-0.33	0.51	0.53	0.1
Common Stock Shares Outstanding	0.97	0.92	0.96	-0.47	0.49	0.94	0.68	0.67		0.94	0.59	0.92	0.9	0.73	0.99	0.98	0.85	0.94	0.91	0.69	0.25	0.91	-0.65	0.84	0.82	-0.31
Other Current Assets	0.99	0.97	0.88	-0.5	0.63	0.98	0.71	0.71	0.94		0.67	0.99	0.96	0.8	0.96	0.97	0.82	0.96	0.98	0.66	0.26	0.99	-0.42	0.67	0.8	-0.32
Other Stockholder Equity	0.66	0.62	0.59	-0.51	0.47	0.7	0.62	0.62	0.59	0.67		0.67	0.68	0.67	0.61	0.63	0.61	0.58	0.68	0.43	0.03	0.67	0.04	0.38	0.58	-0.1
Total Liab	0.98	0.98	0.85	-0.49	0.67	0.97	0.7	0.7	0.92	0.99	0.67		0.97	0.79	0.94	0.96	0.75	0.97	0.99	0.61	0.29	0.99	-0.38	0.62	0.74	-0.34
Total Current Assets	0.97	0.93	0.89	-0.65	0.69	0.97	0.83	0.83	0.9	0.96	0.68	0.97		0.85	0.9	0.93	0.73	0.92	0.97	0.67	0.19	0.95	-0.38	0.66	0.74	-0.15
Other Current Liab	0.82	0.66	0.8	-0.89	0.8	0.8	0.94	0.94	0.73	0.8	0.67	0.79	0.85		0.75	0.78	0.72	0.67	0.85	0.38	-0.32	0.8	-0.31	0.46	0.58	-0.12
Property Plant And Equipment Net	0.98	0.93	0.94	-0.46	0.58	0.95	0.66	0.66	0.99	0.96	0.61	0.94	0.9	0.75		1.0	0.85	0.95	0.93	0.64	0.24	0.94	-0.59	0.77	0.78	-0.37
Non Current Assets Total	0.99	0.94	0.94	-0.49	0.62	0.96	0.69	0.69	0.98	0.97	0.63	0.96	0.93	0.78	1.0		0.84	0.95	0.96	0.63	0.22	0.96	-0.56	0.75	0.77	-0.37
Non Currrent Assets Other	0.81	0.71	0.84	-0.51	0.43	0.8	0.64	0.63	0.85	0.82	0.61	0.75	0.73	0.72	0.85	0.84		0.7	0.76	0.56	-0.08	0.75	-0.55	0.73	0.81	-0.28
Net Receivables	0.96	0.98	0.85	-0.35	0.54	0.95	0.59	0.58	0.94	0.96	0.58	0.97	0.92	0.67	0.95	0.95	0.7		0.94	0.69	0.44	0.95	-0.45	0.7	0.76	-0.32
Non Current Liabilities Total	0.98	0.95	0.86	-0.57	0.73	0.96	0.75	0.75	0.91	0.98	0.68	0.99	0.97	0.85	0.93	0.96	0.76	0.94		0.55	0.19	0.99	-0.37	0.58	0.72	-0.35
Inventory	0.66	0.7	0.68	-0.25	0.13	0.73	0.44	0.43	0.69	0.66	0.43	0.61	0.67	0.38	0.64	0.63	0.56	0.69	0.55		0.4	0.57	-0.34	0.79	0.8	0.33
Short Long Term Debt Total	0.21	0.46	0.05	0.55	-0.27	0.24	-0.32	-0.32	0.25	0.26	0.03	0.29	0.19	-0.32	0.24	0.22	-0.08	0.44	0.19	0.4		0.27	-0.07	0.23	0.24	-0.19
Short Term Debt	0.97	0.96	0.84	-0.49	0.66	0.95	0.69	0.69	0.91	0.99	0.67	0.99	0.95	0.8	0.94	0.96	0.75	0.95	0.99	0.57	0.27		-0.38	0.6	0.74	-0.4
Short Term Investments	-0.5	-0.38	-0.66	0.24	-0.06	-0.4	-0.35	-0.33	-0.65	-0.42	0.04	-0.38	-0.38	-0.31	-0.59	-0.56	-0.55	-0.45	-0.37	-0.34	-0.07	-0.38		-0.75	-0.48	0.24
Common Stock	0.72	0.66	0.85	-0.35	0.12	0.7	0.52	0.51	0.84	0.67	0.38	0.62	0.66	0.46	0.77	0.75	0.73	0.7	0.58	0.79	0.23	0.6	-0.75		0.82	-0.02
Capital Surpluse	0.77	0.77	0.75	-0.36	0.2	0.79	0.54	0.53	0.82	0.8	0.58	0.74	0.74	0.58	0.78	0.77	0.81	0.76	0.72	0.8	0.24	0.74	-0.48	0.82		-0.08
Cash And Equivalents	-0.29	-0.32	-0.15	-0.19	-0.21	-0.17	0.09	0.1	-0.31	-0.32	-0.1	-0.34	-0.15	-0.12	-0.37	-0.37	-0.28	-0.32	-0.35	0.33	-0.19	-0.4	0.24	-0.02	-0.08

Click cells to compare fundamentals

Tenaz Energy Account Relationship Matchups

Tenaz Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	55.1M	34.4M	75.4M	203.9M	238.7M	250.7M
Total Current Liabilities	3.2M	5.6M	7.4M	58.7M	44.0M	46.2M
Total Stockholder Equity	44.9M	22.9M	65.3M	71.4M	96.4M	101.2M
Net Debt	100K	4.4M	(25.3M)	19.8M	(50.1M)	(47.6M)
Retained Earnings	250K	(22.1M)	(10.1M)	(4.5M)	21.1M	22.2M
Accounts Payable	2.3M	1.2M	6.8M	14.4M	15.7M	16.5M
Common Stock Shares Outstanding	11.5M	11.4M	14.9M	28.9M	29.1M	30.5M
Liabilities And Stockholders Equity	55.1M	34.4M	75.4M	203.9M	238.7M	250.7M
Other Current Assets	149K	221K	252K	1.1M	1.2M	1.3M
Other Stockholder Equity	4.4M	7.2M	7.7M	8.9M	14.1M	14.8M
Total Liab	10.2M	11.5M	10.1M	132.5M	142.4M	149.5M
Total Current Assets	2.1M	1.3M	27.5M	72.3M	92.5M	97.1M
Other Current Liab	447K	1.6M	7.4M	520K	28.3M	29.7M
Property Plant And Equipment Net	52.9M	33.1M	47.9M	119.0M	124.9M	131.1M
Non Current Assets Total	52.9M	33.1M	47.9M	131.6M	146.2M	153.5M
Net Receivables	1.8M	1.1M	1.8M	10.3M	8.0M	8.4M
Non Current Liabilities Total	7.0M	5.9M	2.7M	73.8M	98.4M	103.3M
Short Long Term Debt Total	242K	4.2M	167K	21.6M	244K	231.8K
Short Term Debt	48K	4.0M	61K	21.5M	24.8M	26.0M
Accumulated Other Comprehensive Income	2.2M	2.5M	0.0	3.2M	254K	241.3K
Long Term Debt Total	194K	156K	106K	59K	67.9K	80.9K
Capital Surpluse	4.4M	7.2M	7.7M	8.9M	10.2M	6.1M
Property Plant Equipment	52.9M	33.1M	47.9M	119.0M	136.8M	143.7M

Pair Trading with Tenaz Energy

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 Tenaz Energy 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 Tenaz Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tenaz Stock

0.72	ENB-PFV	Enbridge Pref 5	Pair Corr
0.83	ENS	E Split Corp	Pair Corr
0.89	ENS-PA	E Split Corp	Pair Corr

Moving against Tenaz Stock

0.9	DII-B	Dorel Industries	Pair Corr
0.81	TC	Tucows Inc	Pair Corr
0.79	SLF-PH	Sun Lif Non	Pair Corr
0.47	SAGE	Sage Potash Corp	Pair Corr
0.45	AIM	Aimia Inc	Pair Corr

The ability to find closely correlated positions to Tenaz Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenaz Energy 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 Tenaz Energy - 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 Tenaz Energy Corp to buy it.

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

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

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Tenaz Short Term Debt vs Capital Surpluse Analysis

Short Term Debt vs Capital Surpluse

Short Term Debt vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Short Term Debt

Capital Surpluse

Tenaz Energy fundamental ratios Correlations

Tenaz Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tenaz Energy fundamental ratios Accounts

Pair Trading with Tenaz Energy

Moving together with Tenaz Stock

Moving against Tenaz Stock

Other Information on Investing in Tenaz Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Common Stock Shares Outstanding
Total Liab	+ 0.99	Other Current Assets

Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Other Current Liab	- 0.89	Net Debt
Common Stock	- 0.75	Short Term Investments
Retained Earnings	- 0.7	Net Debt
Short Term Investments	- 0.66	Total Stockholder Equity