NuVista Gross Profit Margin vs Net Debt Analysis

NVA Stock  CAD 13.58  0.18  1.34%   
NuVista Energy financial indicator trend analysis is infinitely more than just investigating NuVista Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NuVista Energy is a good investment. Please check the relationship between NuVista Energy Gross Profit Margin and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NuVista Energy. 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.

Gross Profit Margin vs Net Debt

Gross Profit Margin vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NuVista Energy Gross Profit Margin account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NuVista Energy's Gross Profit Margin and Net Debt is 0.15. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Net Debt in the same time period over historical financial statements of NuVista Energy, assuming nothing else is changed. The correlation between historical values of NuVista Energy's Gross Profit Margin and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of NuVista Energy are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Gross Profit Margin i.e., NuVista Energy's Gross Profit Margin and Net Debt go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Gross Profit Margin

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from NuVista Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NuVista Energy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NuVista Energy. 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, NuVista Energy's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 114 M, while Issuance Of Capital Stock is likely to drop about 23.9 K.
 2021 2022 2023 2024 (projected)
Interest Expense48.1M39.4M39.0M41.0M
Depreciation And Amortization166.3M214.2M257.5M171.1M

NuVista Energy fundamental ratios Correlations

0.670.550.940.981.0-0.740.620.820.930.880.90.760.82-0.080.840.960.84-0.63-0.59-0.49-0.26-0.110.680.420.7
0.670.520.540.520.7-0.220.980.30.50.760.420.760.920.020.90.490.27-0.54-0.02-0.37-0.77-0.670.230.60.48
0.550.520.660.50.56-0.380.540.330.550.640.510.70.57-0.120.620.60.37-0.49-0.08-0.23-0.46-0.420.460.080.63
0.940.540.660.940.93-0.790.480.820.990.820.950.720.69-0.110.750.970.87-0.61-0.54-0.4-0.19-0.080.80.330.66
0.980.520.50.940.97-0.810.470.850.950.830.920.710.7-0.150.740.970.89-0.59-0.66-0.49-0.10.050.730.360.72
1.00.70.560.930.97-0.730.660.80.920.890.880.770.84-0.070.860.950.8-0.63-0.58-0.5-0.31-0.160.660.440.7
-0.74-0.22-0.38-0.79-0.81-0.73-0.14-0.55-0.83-0.66-0.82-0.61-0.430.04-0.5-0.77-0.80.10.430.74-0.17-0.25-0.64-0.23-0.55
0.620.980.540.480.470.66-0.140.260.430.720.370.740.910.010.880.450.21-0.560.0-0.31-0.84-0.740.160.580.46
0.820.30.330.820.850.8-0.550.260.850.620.840.350.52-0.030.560.890.85-0.68-0.73-0.020.040.170.750.110.41
0.930.50.550.990.950.92-0.830.430.850.810.960.680.67-0.090.730.960.91-0.58-0.55-0.42-0.10.00.810.350.61
0.880.760.640.820.830.89-0.660.720.620.810.780.90.92-0.040.950.80.68-0.58-0.19-0.51-0.38-0.270.540.470.69
0.90.420.510.950.920.88-0.820.370.840.960.780.660.63-0.060.690.930.97-0.53-0.52-0.370.00.080.740.270.59
0.760.760.70.720.710.77-0.610.740.350.680.90.660.82-0.290.850.650.55-0.48-0.04-0.62-0.48-0.390.410.610.82
0.820.920.570.690.70.84-0.430.910.520.670.920.630.820.10.990.670.5-0.58-0.13-0.42-0.6-0.490.360.510.54
-0.080.02-0.12-0.11-0.15-0.070.040.01-0.03-0.09-0.04-0.06-0.290.10.08-0.11-0.120.260.10.060.090.03-0.27-0.32-0.42
0.840.90.620.750.740.86-0.50.880.560.730.950.690.850.990.080.720.56-0.6-0.14-0.43-0.57-0.460.430.50.58
0.960.490.60.970.970.95-0.770.450.890.960.80.930.650.67-0.110.720.88-0.62-0.68-0.37-0.15-0.010.80.270.66
0.840.270.370.870.890.8-0.80.210.850.910.680.970.550.5-0.120.560.88-0.49-0.57-0.320.20.30.770.20.55
-0.63-0.54-0.49-0.61-0.59-0.630.1-0.56-0.68-0.58-0.58-0.53-0.48-0.580.26-0.6-0.62-0.490.32-0.20.390.29-0.48-0.32-0.48
-0.59-0.02-0.08-0.54-0.66-0.580.430.0-0.73-0.55-0.19-0.52-0.04-0.130.1-0.14-0.68-0.570.320.12-0.14-0.31-0.52-0.02-0.38
-0.49-0.37-0.23-0.4-0.49-0.50.74-0.31-0.02-0.42-0.51-0.37-0.62-0.420.06-0.43-0.37-0.32-0.20.120.110.05-0.16-0.36-0.48
-0.26-0.77-0.46-0.19-0.1-0.31-0.17-0.840.04-0.1-0.380.0-0.48-0.60.09-0.57-0.150.20.39-0.140.110.970.09-0.52-0.22
-0.11-0.67-0.42-0.080.05-0.16-0.25-0.740.170.0-0.270.08-0.39-0.490.03-0.46-0.010.30.29-0.310.050.970.22-0.45-0.09
0.680.230.460.80.730.66-0.640.160.750.810.540.740.410.36-0.270.430.80.77-0.48-0.52-0.160.090.220.080.41
0.420.60.080.330.360.44-0.230.580.110.350.470.270.610.51-0.320.50.270.2-0.32-0.02-0.36-0.52-0.450.080.52
0.70.480.630.660.720.7-0.550.460.410.610.690.590.820.54-0.420.580.660.55-0.48-0.38-0.48-0.22-0.090.410.52
Click cells to compare fundamentals

NuVista Energy Account Relationship Matchups

NuVista Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.2B2.4B2.8B3.1B3.2B
Short Long Term Debt Total642.4M706.4M541.3M332.1M305.1M305.4M
Other Current Liab8.2M29.6M47.4M25.3M28.1M14.3M
Total Current Liabilities125.1M108.7M192.7M216.4M192.3M201.9M
Total Stockholder Equity1.3B1.2B1.4B1.9B2.1B2.2B
Property Plant And Equipment Net2.2B2.1B2.3B2.5B2.8B3.0B
Net Debt761.7M832.3M663.3M290.2M305.1M307.5M
Retained Earnings72.4M(125.5M)139.2M685.8M952.0M999.6M
Accounts Payable110.1M75.1M140.0M185.1M157.7M165.6M
Non Current Assets Total2.2B2.1B2.3B2.5B2.9B1.4B
Net Receivables73.1M58.6M88.5M167.5M118.7M124.7M
Common Stock Shares Outstanding225.4M225.7M233.1M236.1M222.4M143.6M
Liabilities And Stockholders Equity2.3B2.2B2.4B2.8B3.1B3.2B
Non Current Liabilities Total857.5M892.3M763.5M669.8M750.7M466.0M
Other Stockholder Equity58.1M62.3M68.3M66.0M51.3M48.7M
Total Liab982.6M1.0B956.2M886.2M943.0M554.7M
Property Plant And Equipment Gross2.2B2.1B3.7B4.1B4.6B4.8B
Total Current Assets83.7M58.6M88.5M283.6M199.3M209.3M
Short Term Debt6.8M3.9M5.3M5.9M6.5M6.2M
Cash And Short Term Investments(119.3M)(126.0M)(122.0M)41.9M37.7M39.6M
Other Current Assets40.5M10.6M5.5M64.5M59.8M62.8M
Non Currrent Assets Other28.4M76.8M2.2B40.6M48.9M46.5M
Common Stock Total Equity1.3B1.2B1.2B1.2B1.4B1.3B
Common Stock1.2B1.2B1.2B1.2B1.1B1.3B
Other Liab218.5M189.8M227.5M343.6M395.1M414.9M
Net Tangible Assets1.3B1.2B1.4B1.9B2.2B1.2B
Other Assets47.1M76.8M0.040.6M1.00.95
Property Plant Equipment2.2B2.1B2.3B2.5B2.9B1.7B
Long Term Debt523.0M580.4M419.2M215.4M179.1M332.2M
Long Term Debt Total638.9M702.4M536.0M326.2M375.1M430.9M
Capital Surpluse58.1M62.3M68.3M66.0M75.9M61.6M

Pair Trading with NuVista Energy

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 NuVista Energy 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 NuVista Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with NuVista Stock

  0.7ENS E Split CorpPairCorr
  0.86ENS-PA E Split CorpPairCorr

Moving against NuVista Stock

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  0.73CCL-A CCL IndustriesPairCorr
  0.33SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to NuVista Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NuVista Energy 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 NuVista Energy - 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 NuVista Energy to buy it.
The correlation of NuVista Energy 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 NuVista Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NuVista Energy 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 NuVista Energy 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 NuVista Stock

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