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 Direction | Negative |
Relationship Strength | Very 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 Expense | 77.2M | 79.0M | 30.4M | 49.4M | Depreciation And Amortization | 112.6M | 130.1M | 110.8M | 101.2M |
Athabasca Oil fundamental ratios Correlations
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Athabasca Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Athabasca Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 1.4B | 1.7B | 2.2B | 2.0B | 2.0B | |
Short Long Term Debt Total | 571.9M | 569.1M | 392.8M | 210.5M | 185.5M | 176.3M | |
Other Current Liab | 177.7M | 109.9M | 211.7M | 216.2M | 52.2M | 97.0M | |
Total Current Liabilities | 177.7M | 109.9M | 286.4M | 274.5M | 185.1M | 241.4M | |
Total Stockholder Equity | 1.2B | 567.0M | 1.0B | 1.7B | 1.6B | 1.4B | |
Property Plant And Equipment Net | 1.5B | 976.2M | 1.3B | 1.4B | 1.1B | 1.6B | |
Net Debt | 305.3M | 394.3M | 161.2M | 8.6M | (157.8M) | (149.9M) | |
Retained Earnings | (1.1B) | (1.8B) | (1.3B) | (770.5M) | (821.7M) | (780.6M) | |
Accounts Payable | 154.8M | 104.0M | 112.0M | 126.1M | 129.7M | 123.0M | |
Cash | 254.4M | 165.2M | 223.1M | 197.5M | 343.3M | 252.0M | |
Non Current Assets Total | 1.6B | 1.2B | 1.4B | 1.9B | 1.5B | 1.9B | |
Non Currrent Assets Other | 123.2M | 180.0M | 52.6M | 50.4M | 37.7M | 39.6M | |
Cash And Short Term Investments | 254.4M | 165.2M | 223.1M | 197.5M | 343.3M | 396.5M | |
Net Receivables | 120.2M | 62.5M | 88.8M | 89.5M | 100.1M | 71.8M | |
Common Stock Shares Outstanding | 526.3M | 528.8M | 546.7M | 586.9M | 583.8M | 476.6M | |
Liabilities And Stockholders Equity | 2.1B | 1.4B | 1.7B | 2.2B | 2.0B | 2.0B | |
Non Current Liabilities Total | 695.7M | 749.1M | 429.7M | 245.4M | 280.1M | 442.5M | |
Inventory | 42.4M | 30.4M | 43.0M | 56.9M | 42.5M | 25.7M | |
Other Current Assets | 45.0M | 11.6M | 15.2M | 12.7M | 14.7M | 14.0M | |
Other Stockholder Equity | 129.5M | 125.5M | 126.6M | 128.1M | 131.7M | 190.3M | |
Total Liab | 873.4M | 859.0M | 716.2M | 519.9M | 465.2M | 618.0M | |
Property Plant And Equipment Gross | 1.5B | 976.2M | 3.2B | 3.3B | 2.7B | 2.0B | |
Total Current Assets | 462.1M | 269.7M | 370.1M | 356.6M | 500.6M | 641.5M | |
Common Stock Total Equity | 2.2B | 2.2B | 2.2B | 2.2B | 2.6B | 2.3B | |
Common Stock | 2.2B | 2.2B | 2.2B | 2.4B | 2.3B | 2.4B | |
Other Liab | 119.7M | 180.0M | 113.4M | 93.9M | 84.5M | 106.8M | |
Net Tangible Assets | 1.2B | 567.0M | 1.0B | 1.7B | 1.5B | 1.4B | |
Long Term Debt | 559.7M | 559.5M | 309.6M | 147.8M | 179.7M | 170.7M | |
Property Plant Equipment | 1.5B | 976.2M | 1.3B | 1.4B | 1.3B | 1.4B | |
Other Assets | 123.2M | 180.0M | 52.6M | 463.7M | 533.2M | 559.9M | |
Long Term Debt Total | 571.9M | 569.1M | 318.0M | 152.2M | 137.0M | 130.2M | |
Capital Surpluse | 129.5M | 125.5M | 126.6M | 128.1M | 115.3M | 107.6M | |
Cash And Equivalents | 254.4M | 165.2M | 223.1M | 197.5M | 227.2M | 169.3M | |
Net Invested Capital | 1.8B | 1.1B | 1.4B | 1.9B | 1.8B | 1.3B |
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.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.