Tourmaline Free Cash Flow Yield vs Dividend Yield 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 Free Cash Flow Yield and its Dividend Yield 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.

Free Cash Flow Yield vs Dividend Yield

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Free Cash Flow Yield account and Dividend Yield. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tourmaline Oil's Free Cash Flow Yield and Dividend Yield is 0.72. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Dividend Yield 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 Free Cash Flow Yield and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Tourmaline Oil Corp are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Free Cash Flow Yield i.e., Tourmaline Oil's Free Cash Flow Yield and Dividend Yield go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Dividend Yield

Dividend Yield is Tourmaline Oil Corp dividend as a percentage of Tourmaline Oil stock price. Tourmaline Oil Corp dividend yield is a measure of Tourmaline Oil stock productivity, which can be interpreted as interest rate earned on an Tourmaline Oil investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

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 Free Cash Flow Yield vs Dividend Yield Analysis

Free Cash Flow Yield vs Dividend Yield

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Dividend Yield

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