Imperial Oil Stock Current Asset

IMO Stock  CAD 100.29  2.16  2.11%   
Imperial Oil fundamentals help investors to digest information that contributes to Imperial Oil's financial success or failures. It also enables traders to predict the movement of Imperial Stock. The fundamental analysis module provides a way to measure Imperial Oil's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Imperial Oil stock.
As of the 4th of December 2024, Non Current Assets Total is likely to drop to about 19.5 B. In addition to that, Total Current Assets is likely to drop to about 4.3 B.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Imperial Oil Company Current Asset Analysis

Imperial Oil's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.

Current Asset

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Cash

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Deposits

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Liquid Assets

More About Current Asset | All Equity Analysis

Current Imperial Oil Current Asset

    
  3.67 B  
Most of Imperial Oil's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Imperial Oil is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Imperial Current Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Imperial Oil is extremely important. It helps to project a fair market value of Imperial Stock properly, considering its historical fundamentals such as Current Asset. Since Imperial Oil's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Imperial Oil's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Imperial Oil's interrelated accounts and indicators.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Competition

Imperial Total Assets

Total Assets

23.85 Billion

At this time, Imperial Oil's Total Assets are very stable compared to the past year.
In accordance with the recently published financial statements, Imperial Oil has a Current Asset of 3.67 B. This is 48.48% lower than that of the Oil, Gas & Consumable Fuels sector and 94.86% lower than that of the Energy industry. The current asset for all Canada stocks is 60.7% higher than that of the company.

Imperial Current Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Imperial Oil's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Imperial Oil could also be used in its relative valuation, which is a method of valuing Imperial Oil by comparing valuation metrics of similar companies.
Imperial Oil is currently under evaluation in current asset category among its peers.

Imperial Oil ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Imperial Oil's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Imperial Oil's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Imperial Fundamentals

About Imperial Oil Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Imperial Oil's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Imperial Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Imperial Oil based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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

Moving together with Imperial Stock

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  0.72ENB-PFU Enbridge Pref LPairCorr
  0.71ENS E Split CorpPairCorr

Moving against Imperial Stock

  0.75TC Tucows IncPairCorr
  0.69DII-B Dorel IndustriesPairCorr
  0.61AIM Aimia IncPairCorr
  0.59SLF-PH Sun Lif NonPairCorr
  0.55SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Imperial 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 Imperial 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 Imperial 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 Imperial Oil to buy it.
The correlation of Imperial 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 Imperial Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial 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 Imperial 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 CorrelationCorrelation Matching
When determining whether Imperial Oil offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Imperial Oil's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Imperial Oil Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Imperial Oil Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imperial Oil. 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.
To learn how to invest in Imperial Stock, please use our How to Invest in Imperial Oil guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Please note, there is a significant difference between Imperial Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imperial Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imperial Oil's 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.