TAG Oil Shares Outstanding vs. Total Debt
| TAO Stock | CAD 0.15 0.01 6.25% |
For TAG Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TAG Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TAG Oil utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TAG Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TAG Oil over time as well as its relative position and ranking within its peers.
TAG |
TAG Oil Total Debt vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TAG Oil's current stock value. Our valuation model uses many indicators to compare TAG Oil value to that of its competitors to determine the firm's financial worth. TAG Oil is rated fourth in shares outstanding category among its peers. It is rated fifth in total debt category among its peers making up about 0.01 of Total Debt per Shares Outstanding. The ratio of Shares Outstanding to Total Debt for TAG Oil is roughly 90.52 . Total Debt To Capitalization is likely to drop to 0 in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the TAG Oil's earnings, one of the primary drivers of an investment's value.TAG Total Debt vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
TAG Oil |
| = | 185.12 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
TAG Oil |
| = | 2.04 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
TAG Total Debt vs Competition
TAG Oil is rated fifth in total debt category among its peers. Total debt of Energy industry is at this time estimated at about 115.53 Billion. TAG Oil adds roughly 2.04 Million in total debt claiming only tiny portion of equities under Energy industry.
TAG Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TAG Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TAG Oil will eventually generate negative long term returns. The profitability progress is the general direction of TAG Oil's change in net profit over the period of time. It can combine multiple indicators of TAG Oil, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Interest Income | 656.6 K | 689.5 K | |
| Interest Income | 656.6 K | 633.5 K | |
| Operating Income | -6 M | -5.7 M | |
| Net Loss | -2.7 M | -2.8 M | |
| Income Before Tax | -2.7 M | -2.8 M | |
| Total Other Income Expense Net | 2.8 M | 2.9 M | |
| Net Loss | -2.8 M | -2.9 M | |
| Net Loss | -2.7 M | -2.8 M | |
| Income Tax Expense | -1.1 K | -1.2 K | |
| Change To Netincome | -1 M | -967 K | |
| Net Loss | (0.05) | (0.05) | |
| Income Quality | 0.48 | 0.79 | |
| Net Income Per E B T | 1.31 | 0.78 |
TAG Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TAG Oil. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of TAG Oil position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the TAG Oil's important profitability drivers and their relationship over time.
Use TAG Oil in pair-trading
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 TAG 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 TAG Oil will appreciate offsetting losses from the drop in the long position's value.TAG Oil Pair Trading
TAG Oil Pair Trading Analysis
The ability to find closely correlated positions to TAG 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 TAG 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 TAG 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 TAG Oil to buy it.
The correlation of TAG 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 TAG Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TAG Oil 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 TAG 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.Use Investing Themes to Complement your TAG Oil position
In addition to having TAG Oil in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Latest Gainers Thematic Idea Now
Latest Gainers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 241 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Latest Gainers Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for TAG Stock Analysis
When running TAG Oil's price analysis, check to measure TAG Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TAG Oil is operating at the current time. Most of TAG Oil's value examination focuses on studying past and present price action to predict the probability of TAG Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TAG Oil's price. Additionally, you may evaluate how the addition of TAG Oil to your portfolios can decrease your overall portfolio volatility.