Athabasca Short Term Debt vs Total Revenue Analysis

ATH Stock  CAD 5.08  0.08  1.60%   
Athabasca Oil financial indicator trend analysis is way more than just evaluating Athabasca Oil Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Athabasca Oil Corp is a good investment. Please check the relationship between Athabasca Oil Short Term Debt and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Athabasca 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.

Short Term Debt vs Total Revenue

Short Term Debt vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Athabasca Oil Corp Short Term Debt account and Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Athabasca Oil's Short Term Debt and Total Revenue is -0.5. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Athabasca Oil Corp, assuming nothing else is changed. The correlation between historical values of Athabasca Oil's Short Term Debt and Total Revenue 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 Athabasca Oil Corp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Short Term Debt i.e., Athabasca Oil's Short Term Debt and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.5
Relationship DirectionNegative 
Relationship StrengthVery Weak

Short Term Debt

Total Revenue

Total revenue comprises all receipts Athabasca Oil Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Athabasca Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Athabasca 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Athabasca 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, Athabasca Oil's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 14.8 M, while Sales General And Administrative To Revenue is likely to drop 0.06.
 2021 2022 2023 2024 (projected)
Interest Expense77.2M79.0M30.4M49.4M
Depreciation And Amortization112.6M130.1M110.8M101.2M

Athabasca Oil fundamental ratios Correlations

0.45-0.520.230.990.8-0.070.860.620.610.93-0.450.67-0.33-0.170.520.37-0.460.78-0.440.710.420.870.32-0.54-0.59
0.45-0.36-0.150.340.570.640.320.030.430.46-0.020.19-0.19-0.290.090.7-0.520.27-0.170.84-0.050.230.02-0.59-0.58
-0.52-0.36-0.1-0.53-0.290.1-0.710.05-0.56-0.380.2-0.580.360.67-0.42-0.140.78-0.47-0.19-0.270.24-0.59-0.410.560.78
0.23-0.15-0.10.28-0.15-0.560.160.130.490.020.00.60.020.070.41-0.68-0.060.18-0.45-0.08-0.070.480.73-0.17-0.15
0.990.34-0.530.280.75-0.170.890.60.620.9-0.450.71-0.35-0.180.550.27-0.440.78-0.410.60.440.890.36-0.51-0.58
0.80.57-0.29-0.150.750.150.570.530.470.93-0.220.2-0.110.0-0.020.68-0.260.55-0.360.790.630.46-0.16-0.34-0.32
-0.070.640.1-0.56-0.170.15-0.13-0.04-0.42-0.020.12-0.390.08-0.11-0.140.7-0.110.050.090.51-0.24-0.23-0.39-0.25-0.15
0.860.32-0.710.160.890.57-0.130.340.540.71-0.450.73-0.6-0.590.640.22-0.70.780.030.440.180.870.44-0.72-0.81
0.620.030.050.130.60.53-0.040.340.070.64-0.540.20.160.360.170.30.110.5-0.590.510.430.470.110.020.01
0.610.43-0.560.490.620.47-0.420.540.070.55-0.180.7-0.32-0.220.29-0.03-0.480.26-0.30.380.230.540.51-0.41-0.54
0.930.46-0.380.020.90.93-0.020.710.640.55-0.450.47-0.2-0.010.280.54-0.330.59-0.450.740.590.640.09-0.39-0.38
-0.45-0.020.20.0-0.45-0.220.12-0.45-0.54-0.18-0.45-0.480.230.12-0.53-0.20.27-0.140.15-0.28-0.1-0.35-0.530.250.28
0.670.19-0.580.60.710.2-0.390.730.20.70.47-0.48-0.52-0.370.87-0.16-0.620.43-0.250.28-0.070.820.78-0.54-0.63
-0.33-0.190.360.02-0.35-0.110.08-0.60.16-0.32-0.20.23-0.520.65-0.51-0.120.72-0.39-0.37-0.140.08-0.45-0.290.580.61
-0.17-0.290.670.07-0.180.0-0.11-0.590.36-0.22-0.010.12-0.370.65-0.37-0.090.85-0.31-0.71-0.070.47-0.34-0.370.780.81
0.520.09-0.420.410.55-0.02-0.140.640.170.290.28-0.530.87-0.51-0.37-0.13-0.530.41-0.150.18-0.230.730.69-0.5-0.55
0.370.7-0.14-0.680.270.680.70.220.3-0.030.54-0.2-0.16-0.12-0.09-0.13-0.260.25-0.040.780.190.04-0.45-0.25-0.22
-0.46-0.520.78-0.06-0.44-0.26-0.11-0.70.11-0.48-0.330.27-0.620.720.85-0.53-0.26-0.41-0.35-0.410.35-0.55-0.460.790.87
0.780.27-0.470.180.780.550.050.780.50.260.59-0.140.43-0.39-0.310.410.25-0.41-0.170.50.190.860.18-0.55-0.61
-0.44-0.17-0.19-0.45-0.41-0.360.090.03-0.59-0.3-0.450.15-0.25-0.37-0.71-0.15-0.04-0.35-0.17-0.43-0.42-0.3-0.12-0.22-0.22
0.710.84-0.27-0.080.60.790.510.440.510.380.74-0.280.28-0.14-0.070.180.78-0.410.5-0.430.190.460.02-0.5-0.45
0.42-0.050.24-0.070.440.63-0.240.180.430.230.59-0.1-0.070.080.47-0.230.190.350.19-0.420.190.11-0.310.220.21
0.870.23-0.590.480.890.46-0.230.870.470.540.64-0.350.82-0.45-0.340.730.04-0.550.86-0.30.460.110.54-0.59-0.67
0.320.02-0.410.730.36-0.16-0.390.440.110.510.09-0.530.78-0.29-0.370.69-0.45-0.460.18-0.120.02-0.310.54-0.51-0.54
-0.54-0.590.56-0.17-0.51-0.34-0.25-0.720.02-0.41-0.390.25-0.540.580.78-0.5-0.250.79-0.55-0.22-0.50.22-0.59-0.510.87
-0.59-0.580.78-0.15-0.58-0.32-0.15-0.810.01-0.54-0.380.28-0.630.610.81-0.55-0.220.87-0.61-0.22-0.450.21-0.67-0.540.87
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Athabasca Oil Account Relationship Matchups

Athabasca Oil fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B1.4B1.7B2.2B2.0B2.0B
Short Long Term Debt Total571.9M569.1M392.8M210.5M185.5M176.3M
Other Current Liab177.7M109.9M211.7M216.2M52.2M97.0M
Total Current Liabilities177.7M109.9M286.4M274.5M185.1M241.4M
Total Stockholder Equity1.2B567.0M1.0B1.7B1.6B1.4B
Property Plant And Equipment Net1.5B976.2M1.3B1.4B1.1B1.6B
Net Debt305.3M394.3M161.2M8.6M(157.8M)(149.9M)
Retained Earnings(1.1B)(1.8B)(1.3B)(770.5M)(821.7M)(780.6M)
Accounts Payable154.8M104.0M112.0M126.1M129.7M123.0M
Cash254.4M165.2M223.1M197.5M343.3M252.0M
Non Current Assets Total1.6B1.2B1.4B1.9B1.5B1.9B
Non Currrent Assets Other123.2M180.0M52.6M50.4M37.7M39.6M
Cash And Short Term Investments254.4M165.2M223.1M197.5M343.3M396.5M
Net Receivables120.2M62.5M88.8M89.5M100.1M71.8M
Common Stock Shares Outstanding526.3M528.8M546.7M586.9M583.8M476.6M
Liabilities And Stockholders Equity2.1B1.4B1.7B2.2B2.0B2.0B
Non Current Liabilities Total695.7M749.1M429.7M245.4M280.1M442.5M
Inventory42.4M30.4M43.0M56.9M42.5M25.7M
Other Current Assets45.0M11.6M15.2M12.7M14.7M14.0M
Other Stockholder Equity129.5M125.5M126.6M128.1M131.7M190.3M
Total Liab873.4M859.0M716.2M519.9M465.2M618.0M
Property Plant And Equipment Gross1.5B976.2M3.2B3.3B2.7B2.0B
Total Current Assets462.1M269.7M370.1M356.6M500.6M641.5M
Common Stock Total Equity2.2B2.2B2.2B2.2B2.6B2.3B
Common Stock2.2B2.2B2.2B2.4B2.3B2.4B
Other Liab119.7M180.0M113.4M93.9M84.5M106.8M
Net Tangible Assets1.2B567.0M1.0B1.7B1.5B1.4B
Long Term Debt559.7M559.5M309.6M147.8M179.7M170.7M
Property Plant Equipment1.5B976.2M1.3B1.4B1.3B1.4B
Other Assets123.2M180.0M52.6M463.7M533.2M559.9M
Long Term Debt Total571.9M569.1M318.0M152.2M137.0M130.2M
Capital Surpluse129.5M125.5M126.6M128.1M115.3M107.6M
Cash And Equivalents254.4M165.2M223.1M197.5M227.2M169.3M
Net Invested Capital1.8B1.1B1.4B1.9B1.8B1.3B

Pair Trading with Athabasca 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 Athabasca 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 Athabasca Oil will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Athabasca 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 Athabasca 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 Athabasca 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 Athabasca Oil Corp to buy it.
The correlation of Athabasca 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 Athabasca Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athabasca 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 Athabasca 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

Other Information on Investing in Athabasca Stock

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