Tourmaline Capex To Depreciation vs Price To Sales Ratio Analysis

TOU Stock

CAD 67.82 2.34 3.57%

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

Capex To Depreciation vs Price To Sales Ratio

Capex To Depreciation vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Capex To Depreciation account and Price To Sales Ratio. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Tourmaline Oil's Capex To Depreciation and Price To Sales Ratio is 0.95. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Tourmaline Oil Corp, assuming nothing else is changed. The correlation between historical values of Tourmaline Oil's Capex To Depreciation and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Tourmaline Oil Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Depreciation i.e., Tourmaline Oil's Capex To Depreciation and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Tourmaline Oil Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Tourmaline Oil sales, a figure that is much harder to manipulate than other Tourmaline Oil Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Tourmaline Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tourmaline 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline 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, Tourmaline Oil's 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 22.5 B, while Tax Provision is likely to drop about 334.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	36.6M	29.9M	38.2M	31.4M
Depreciation And Amortization	858.4M	1.2B	1.3B	715.5M

Interest Expense Depreciation And Amortization

Tourmaline Oil fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Currrent Assets Other	Inventory
Total Assets		0.35	0.93	0.89	0.88	0.47	0.96	-0.68	1.0	-0.34	0.91	0.78	0.87	0.2	0.98	0.72	0.83	0.99	0.85	0.82	-0.02	0.87	0.46	0.82	0.5	0.01
Other Current Liab	0.35		0.28	0.49	0.44	0.01	0.43	-0.12	0.34	-0.04	0.47	0.35	0.41	-0.15	0.18	0.15	0.4	0.21	0.61	0.32	-0.29	0.43	-0.01	0.33	0.22	0.15
Total Current Liabilities	0.93	0.28		0.78	0.73	0.18	0.96	-0.53	0.92	-0.3	0.93	0.57	0.73	0.2	0.89	0.81	0.62	0.94	0.75	0.88	-0.15	0.71	0.18	0.88	0.56	0.24
Total Stockholder Equity	0.89	0.49	0.78		0.98	0.5	0.85	-0.67	0.88	-0.32	0.86	0.91	0.96	0.17	0.83	0.65	0.93	0.83	0.98	0.75	0.02	0.97	0.45	0.87	0.57	-0.05
Property Plant And Equipment Net	0.88	0.44	0.73	0.98		0.64	0.79	-0.7	0.88	-0.29	0.79	0.96	0.97	0.24	0.85	0.54	0.97	0.84	0.95	0.66	0.1	0.99	0.59	0.82	0.45	-0.13
Net Debt	0.47	0.01	0.18	0.5	0.64		0.21	-0.59	0.51	-0.11	0.17	0.8	0.65	0.42	0.57	-0.06	0.76	0.48	0.44	0.03	0.5	0.67	0.98	0.22	-0.12	-0.51
Retained Earnings	0.96	0.43	0.96	0.85	0.79	0.21		-0.57	0.94	-0.32	0.98	0.63	0.77	0.09	0.9	0.84	0.71	0.93	0.84	0.92	-0.2	0.77	0.2	0.85	0.64	0.15
Cash	-0.68	-0.12	-0.53	-0.67	-0.7	-0.59	-0.57		-0.7	0.51	-0.55	-0.72	-0.69	-0.34	-0.7	-0.38	-0.69	-0.67	-0.66	-0.4	-0.51	-0.73	-0.53	-0.51	-0.28	0.54
Non Current Assets Total	1.0	0.34	0.92	0.88	0.88	0.51	0.94	-0.7		-0.35	0.89	0.8	0.87	0.21	0.98	0.69	0.84	0.99	0.85	0.78	0.0	0.88	0.5	0.8	0.46	-0.01
Cash And Short Term Investments	-0.34	-0.04	-0.3	-0.32	-0.29	-0.11	-0.32	0.51	-0.35		-0.32	-0.28	-0.38	0.24	-0.3	-0.31	-0.24	-0.31	-0.33	-0.17	-0.2	-0.34	0.05	-0.16	-0.23	0.19
Net Receivables	0.91	0.47	0.93	0.86	0.79	0.17	0.98	-0.55	0.89	-0.32		0.63	0.79	0.08	0.83	0.89	0.68	0.87	0.88	0.96	-0.19	0.77	0.15	0.86	0.77	0.17
Common Stock Total Equity	0.78	0.35	0.57	0.91	0.96	0.8	0.63	-0.72	0.8	-0.28	0.63		0.95	0.28	0.78	0.36	0.97	0.75	0.86	0.48	0.27	0.98	0.75	0.68	0.31	-0.25
Common Stock Shares Outstanding	0.87	0.41	0.73	0.96	0.97	0.65	0.77	-0.69	0.87	-0.38	0.79	0.95		0.28	0.84	0.55	0.95	0.83	0.94	0.64	0.1	0.98	0.58	0.81	0.47	-0.12
Short Term Investments	0.2	-0.15	0.2	0.17	0.24	0.42	0.09	-0.34	0.21	0.24	0.08	0.28	0.28		0.27	0.0	0.29	0.26	0.16	0.07	0.45	0.23	0.46	0.32	-0.04	-0.44
Non Current Liabilities Total	0.98	0.18	0.89	0.83	0.85	0.57	0.9	-0.7	0.98	-0.3	0.83	0.78	0.84	0.27		0.67	0.83	0.99	0.77	0.75	0.06	0.84	0.57	0.76	0.41	-0.07
Other Current Assets	0.72	0.15	0.81	0.65	0.54	-0.06	0.84	-0.38	0.69	-0.31	0.89	0.36	0.55	0.0	0.67		0.42	0.72	0.64	0.96	-0.2	0.51	-0.08	0.73	0.91	0.18
Other Stockholder Equity	0.83	0.4	0.62	0.93	0.97	0.76	0.71	-0.69	0.84	-0.24	0.68	0.97	0.95	0.29	0.83	0.42		0.79	0.88	0.54	0.13	0.97	0.72	0.7	0.34	-0.24
Total Liab	0.99	0.21	0.94	0.83	0.84	0.48	0.93	-0.67	0.99	-0.31	0.87	0.75	0.83	0.26	0.99	0.72	0.79		0.78	0.8	0.01	0.82	0.48	0.81	0.46	0.01
Property Plant And Equipment Gross	0.85	0.61	0.75	0.98	0.95	0.44	0.84	-0.66	0.85	-0.33	0.88	0.86	0.94	0.16	0.77	0.64	0.88	0.78		0.76	-0.01	0.94	0.38	0.85	0.62	-0.03
Total Current Assets	0.82	0.32	0.88	0.75	0.66	0.03	0.92	-0.4	0.78	-0.17	0.96	0.48	0.64	0.07	0.75	0.96	0.54	0.8	0.76		-0.25	0.62	0.03	0.83	0.86	0.24
Short Term Debt	-0.02	-0.29	-0.15	0.02	0.1	0.5	-0.2	-0.51	0.0	-0.2	-0.19	0.27	0.1	0.45	0.06	-0.2	0.13	0.01	-0.01	-0.25		0.16	0.46	-0.1	-0.17	-0.72
Common Stock	0.87	0.43	0.71	0.97	0.99	0.67	0.77	-0.73	0.88	-0.34	0.77	0.98	0.98	0.23	0.84	0.51	0.97	0.82	0.94	0.62	0.16		0.62	0.79	0.43	-0.15
Short Long Term Debt Total	0.46	-0.01	0.18	0.45	0.59	0.98	0.2	-0.53	0.5	0.05	0.15	0.75	0.58	0.46	0.57	-0.08	0.72	0.48	0.38	0.03	0.46	0.62		0.2	-0.16	-0.47
Accounts Payable	0.82	0.33	0.88	0.87	0.82	0.22	0.85	-0.51	0.8	-0.16	0.86	0.68	0.81	0.32	0.76	0.73	0.7	0.81	0.85	0.83	-0.1	0.79	0.2		0.62	0.21
Non Currrent Assets Other	0.5	0.22	0.56	0.57	0.45	-0.12	0.64	-0.28	0.46	-0.23	0.77	0.31	0.47	-0.04	0.41	0.91	0.34	0.46	0.62	0.86	-0.17	0.43	-0.16	0.62		0.15
Inventory	0.01	0.15	0.24	-0.05	-0.13	-0.51	0.15	0.54	-0.01	0.19	0.17	-0.25	-0.12	-0.44	-0.07	0.18	-0.24	0.01	-0.03	0.24	-0.72	-0.15	-0.47	0.21	0.15

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Tourmaline Oil Account Relationship Matchups

Tourmaline Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.2B	12.8B	15.3B	18.9B	20.5B	21.5B
Other Current Liab	23.0M	514.3M	1.0B	420.0M	83.9M	79.7M
Total Current Liabilities	438.1M	517.7M	1.1B	1.4B	1.6B	1.7B
Total Stockholder Equity	7.8B	8.8B	11.6B	13.7B	14.0B	7.2B
Property Plant And Equipment Net	10.9B	12.2B	13.8B	14.8B	17.2B	9.2B
Net Debt	1.6B	1.7B	891.9M	639.4M	1.1B	963.7M
Retained Earnings	1.6B	2.2B	3.8B	5.7B	5.2B	5.4B
Cash	(10.9M)	220.2M	(11.2M)	(10.2M)	(9.1M)	(8.7M)
Non Current Assets Total	10.9B	12.2B	14.6B	16.6B	19.2B	20.1B
Cash And Short Term Investments	12.1M	220.2M	(11.2M)	(10.2M)	(9.1M)	(8.7M)
Net Receivables	259.9M	363.6M	652.2M	1.1B	731.1M	767.6M
Common Stock Total Equity	5.9B	5.9B	5.9B	6.3B	7.3B	4.4B
Common Stock Shares Outstanding	271.9M	272.1M	316.8M	342.5M	345.4M	252.3M
Liabilities And Stockholders Equity	11.2B	12.8B	15.3B	18.9B	20.5B	21.5B
Non Current Liabilities Total	2.8B	3.0B	2.6B	3.8B	4.9B	5.1B
Other Current Assets	25.2M	45.7M	37.5M	1.2B	564.3M	592.6M
Other Stockholder Equity	287.4M	307.2M	284.3M	288.3M	345.6M	198.6M
Total Liab	3.2B	3.5B	3.7B	5.2B	6.5B	6.8B
Property Plant And Equipment Gross	10.9B	12.2B	19.8B	21.9B	17.5B	10.1B
Total Current Assets	285.1M	629.5M	689.7M	2.2B	1.3B	1.4B
Short Term Debt	2.7M	3.4M	3.0M	3.1M	5.8M	5.5M
Common Stock	5.9B	6.3B	7.5B	7.7B	8.5B	5.3B
Short Long Term Debt Total	1.6B	2.0B	880.7M	629.3M	1.1B	1.2B
Accounts Payable	412.3M	450.5M	775.5M	1.0B	1.1B	636.2M
Non Currrent Assets Other	4.8M	7.1M	12.2M	1.2B	234.0M	136.6M
Inventory	(12.1M)	1.0	11.2M	10.2M	11.7M	12.3M
Other Liab	1.1B	1.0B	1.8B	3.1B	3.6B	3.8B
Net Tangible Assets	7.8B	8.8B	11.6B	13.7B	15.7B	8.4B
Other Assets	4.8M	7.1M	12.2M	1.2B	1.4B	1.4B
Long Term Debt	1.6B	1.9B	869.6M	619.1M	1.1B	1.3B
Property Plant Equipment	10.9B	12.2B	13.8B	14.8B	17.0B	10.9B
Long Term Debt Total	1.6B	2.0B	877.7M	626.2M	563.5M	1.1B
Capital Surpluse	287.4M	307.2M	284.3M	288.3M	331.6M	275.4M
Long Term Investments	3.0M	0.0	745.9M	648.2M	608.0M	638.4M
Net Invested Capital	9.4B	10.8B	12.5B	14.3B	15.1B	12.5B

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

Moving together with Tourmaline Stock

0.64	ENB-PFV	Enbridge Pref 5	Pair Corr
0.61	ENB-PFU	Enbridge Pref L	Pair Corr
0.63	ENS-PA	E Split Corp	Pair Corr

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

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

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

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Tourmaline Capex To Depreciation vs Price To Sales Ratio Analysis

Capex To Depreciation vs Price To Sales Ratio

Capex To Depreciation vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Price To Sales Ratio

Tourmaline Oil fundamental ratios Correlations

Tourmaline Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tourmaline Oil fundamental ratios Accounts

Pair Trading with Tourmaline Oil

Moving together with Tourmaline Stock

Other Information on Investing in Tourmaline Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Assets
Common Stock	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Total Assets

Common Stock	- 0.73	Cash
Inventory	- 0.72	Short Term Debt
Common Stock Total Equity	- 0.72	Cash
Non Current Liabilities Total	- 0.7	Cash
Non Current Assets Total	- 0.7	Cash
Cash	- 0.7	Property Plant And Equipment Net