NuVista Net Debt vs Gross Profit Margin Analysis

NVA Stock

CAD 13.40 0.02 0.15%

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 Net Debt and its Gross Profit Margin 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.

Net Debt vs Gross Profit Margin

Net Debt vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NuVista Energy Net Debt account and Gross Profit Margin. At this time, the significance of the direction appears to have almost no relationship.

The correlation between NuVista Energy's Net Debt and Gross Profit Margin is 0.15. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Gross Profit Margin 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 Net Debt and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of NuVista Energy are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Net Debt i.e., NuVista Energy's Net Debt and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

Gross Profit Margin

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 11th 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 Expense	48.1M	39.4M	39.0M	41.0M
Depreciation And Amortization	166.3M	214.2M	257.5M	171.1M

Interest Expense Depreciation And Amortization

NuVista Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Cash	Cash And Short Term Investments	Other Current Assets	Non Currrent Assets Other	Common Stock Total Equity
Total Assets		0.67	0.55	0.94	0.98	1.0	-0.74	0.62	0.82	0.93	0.88	0.9	0.76	0.82	-0.08	0.84	0.96	0.84	-0.63	-0.59	-0.49	-0.26	-0.11	0.68	0.42	0.7
Short Long Term Debt Total	0.67		0.52	0.54	0.52	0.7	-0.22	0.98	0.3	0.5	0.76	0.42	0.76	0.92	0.02	0.9	0.49	0.27	-0.54	-0.02	-0.37	-0.77	-0.67	0.23	0.6	0.48
Other Current Liab	0.55	0.52		0.66	0.5	0.56	-0.38	0.54	0.33	0.55	0.64	0.51	0.7	0.57	-0.12	0.62	0.6	0.37	-0.49	-0.08	-0.23	-0.46	-0.42	0.46	0.08	0.63
Total Current Liabilities	0.94	0.54	0.66		0.94	0.93	-0.79	0.48	0.82	0.99	0.82	0.95	0.72	0.69	-0.11	0.75	0.97	0.87	-0.61	-0.54	-0.4	-0.19	-0.08	0.8	0.33	0.66
Total Stockholder Equity	0.98	0.52	0.5	0.94		0.97	-0.81	0.47	0.85	0.95	0.83	0.92	0.71	0.7	-0.15	0.74	0.97	0.89	-0.59	-0.66	-0.49	-0.1	0.05	0.73	0.36	0.72
Property Plant And Equipment Net	1.0	0.7	0.56	0.93	0.97		-0.73	0.66	0.8	0.92	0.89	0.88	0.77	0.84	-0.07	0.86	0.95	0.8	-0.63	-0.58	-0.5	-0.31	-0.16	0.66	0.44	0.7
Current Deferred Revenue	-0.74	-0.22	-0.38	-0.79	-0.81	-0.73		-0.14	-0.55	-0.83	-0.66	-0.82	-0.61	-0.43	0.04	-0.5	-0.77	-0.8	0.1	0.43	0.74	-0.17	-0.25	-0.64	-0.23	-0.55
Net Debt	0.62	0.98	0.54	0.48	0.47	0.66	-0.14		0.26	0.43	0.72	0.37	0.74	0.91	0.01	0.88	0.45	0.21	-0.56	0.0	-0.31	-0.84	-0.74	0.16	0.58	0.46
Retained Earnings	0.82	0.3	0.33	0.82	0.85	0.8	-0.55	0.26		0.85	0.62	0.84	0.35	0.52	-0.03	0.56	0.89	0.85	-0.68	-0.73	-0.02	0.04	0.17	0.75	0.11	0.41
Accounts Payable	0.93	0.5	0.55	0.99	0.95	0.92	-0.83	0.43	0.85		0.81	0.96	0.68	0.67	-0.09	0.73	0.96	0.91	-0.58	-0.55	-0.42	-0.1	0.0	0.81	0.35	0.61
Non Current Assets Total	0.88	0.76	0.64	0.82	0.83	0.89	-0.66	0.72	0.62	0.81		0.78	0.9	0.92	-0.04	0.95	0.8	0.68	-0.58	-0.19	-0.51	-0.38	-0.27	0.54	0.47	0.69
Net Receivables	0.9	0.42	0.51	0.95	0.92	0.88	-0.82	0.37	0.84	0.96	0.78		0.66	0.63	-0.06	0.69	0.93	0.97	-0.53	-0.52	-0.37	0.0	0.08	0.74	0.27	0.59
Common Stock Shares Outstanding	0.76	0.76	0.7	0.72	0.71	0.77	-0.61	0.74	0.35	0.68	0.9	0.66		0.82	-0.29	0.85	0.65	0.55	-0.48	-0.04	-0.62	-0.48	-0.39	0.41	0.61	0.82
Non Current Liabilities Total	0.82	0.92	0.57	0.69	0.7	0.84	-0.43	0.91	0.52	0.67	0.92	0.63	0.82		0.1	0.99	0.67	0.5	-0.58	-0.13	-0.42	-0.6	-0.49	0.36	0.51	0.54
Other Stockholder Equity	-0.08	0.02	-0.12	-0.11	-0.15	-0.07	0.04	0.01	-0.03	-0.09	-0.04	-0.06	-0.29	0.1		0.08	-0.11	-0.12	0.26	0.1	0.06	0.09	0.03	-0.27	-0.32	-0.42
Total Liab	0.84	0.9	0.62	0.75	0.74	0.86	-0.5	0.88	0.56	0.73	0.95	0.69	0.85	0.99	0.08		0.72	0.56	-0.6	-0.14	-0.43	-0.57	-0.46	0.43	0.5	0.58
Property Plant And Equipment Gross	0.96	0.49	0.6	0.97	0.97	0.95	-0.77	0.45	0.89	0.96	0.8	0.93	0.65	0.67	-0.11	0.72		0.88	-0.62	-0.68	-0.37	-0.15	-0.01	0.8	0.27	0.66
Total Current Assets	0.84	0.27	0.37	0.87	0.89	0.8	-0.8	0.21	0.85	0.91	0.68	0.97	0.55	0.5	-0.12	0.56	0.88		-0.49	-0.57	-0.32	0.2	0.3	0.77	0.2	0.55
Short Term Debt	-0.63	-0.54	-0.49	-0.61	-0.59	-0.63	0.1	-0.56	-0.68	-0.58	-0.58	-0.53	-0.48	-0.58	0.26	-0.6	-0.62	-0.49		0.32	-0.2	0.39	0.29	-0.48	-0.32	-0.48
Intangible Assets	-0.59	-0.02	-0.08	-0.54	-0.66	-0.58	0.43	0.0	-0.73	-0.55	-0.19	-0.52	-0.04	-0.13	0.1	-0.14	-0.68	-0.57	0.32		0.12	-0.14	-0.31	-0.52	-0.02	-0.38
Good Will	-0.49	-0.37	-0.23	-0.4	-0.49	-0.5	0.74	-0.31	-0.02	-0.42	-0.51	-0.37	-0.62	-0.42	0.06	-0.43	-0.37	-0.32	-0.2	0.12		0.11	0.05	-0.16	-0.36	-0.48
Cash	-0.26	-0.77	-0.46	-0.19	-0.1	-0.31	-0.17	-0.84	0.04	-0.1	-0.38	0.0	-0.48	-0.6	0.09	-0.57	-0.15	0.2	0.39	-0.14	0.11		0.97	0.09	-0.52	-0.22
Cash And Short Term Investments	-0.11	-0.67	-0.42	-0.08	0.05	-0.16	-0.25	-0.74	0.17	0.0	-0.27	0.08	-0.39	-0.49	0.03	-0.46	-0.01	0.3	0.29	-0.31	0.05	0.97		0.22	-0.45	-0.09
Other Current Assets	0.68	0.23	0.46	0.8	0.73	0.66	-0.64	0.16	0.75	0.81	0.54	0.74	0.41	0.36	-0.27	0.43	0.8	0.77	-0.48	-0.52	-0.16	0.09	0.22		0.08	0.41
Non Currrent Assets Other	0.42	0.6	0.08	0.33	0.36	0.44	-0.23	0.58	0.11	0.35	0.47	0.27	0.61	0.51	-0.32	0.5	0.27	0.2	-0.32	-0.02	-0.36	-0.52	-0.45	0.08		0.52
Common Stock Total Equity	0.7	0.48	0.63	0.66	0.72	0.7	-0.55	0.46	0.41	0.61	0.69	0.59	0.82	0.54	-0.42	0.58	0.66	0.55	-0.48	-0.38	-0.48	-0.22	-0.09	0.41	0.52

Click cells to compare fundamentals

NuVista Energy Account Relationship Matchups

NuVista Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.2B	2.4B	2.8B	3.1B	3.2B
Short Long Term Debt Total	642.4M	706.4M	541.3M	332.1M	305.1M	305.4M
Other Current Liab	8.2M	29.6M	47.4M	25.3M	28.1M	14.3M
Total Current Liabilities	125.1M	108.7M	192.7M	216.4M	192.3M	201.9M
Total Stockholder Equity	1.3B	1.2B	1.4B	1.9B	2.1B	2.2B
Property Plant And Equipment Net	2.2B	2.1B	2.3B	2.5B	2.8B	3.0B
Net Debt	761.7M	832.3M	663.3M	290.2M	305.1M	307.5M
Retained Earnings	72.4M	(125.5M)	139.2M	685.8M	952.0M	999.6M
Accounts Payable	110.1M	75.1M	140.0M	185.1M	157.7M	165.6M
Non Current Assets Total	2.2B	2.1B	2.3B	2.5B	2.9B	1.4B
Net Receivables	73.1M	58.6M	88.5M	167.5M	118.7M	124.7M
Common Stock Shares Outstanding	225.4M	225.7M	233.1M	236.1M	222.4M	143.6M
Liabilities And Stockholders Equity	2.3B	2.2B	2.4B	2.8B	3.1B	3.2B
Non Current Liabilities Total	857.5M	892.3M	763.5M	669.8M	750.7M	466.0M
Other Stockholder Equity	58.1M	62.3M	68.3M	66.0M	51.3M	48.7M
Total Liab	982.6M	1.0B	956.2M	886.2M	943.0M	554.7M
Property Plant And Equipment Gross	2.2B	2.1B	3.7B	4.1B	4.6B	4.8B
Total Current Assets	83.7M	58.6M	88.5M	283.6M	199.3M	209.3M
Short Term Debt	6.8M	3.9M	5.3M	5.9M	6.5M	6.2M
Cash And Short Term Investments	(119.3M)	(126.0M)	(122.0M)	41.9M	37.7M	39.6M
Other Current Assets	40.5M	10.6M	5.5M	64.5M	59.8M	62.8M
Non Currrent Assets Other	28.4M	76.8M	2.2B	40.6M	48.9M	46.5M
Common Stock Total Equity	1.3B	1.2B	1.2B	1.2B	1.4B	1.3B
Common Stock	1.2B	1.2B	1.2B	1.2B	1.1B	1.3B
Other Liab	218.5M	189.8M	227.5M	343.6M	395.1M	414.9M
Net Tangible Assets	1.3B	1.2B	1.4B	1.9B	2.2B	1.2B
Other Assets	47.1M	76.8M	0.0	40.6M	1.0	0.95
Property Plant Equipment	2.2B	2.1B	2.3B	2.5B	2.9B	1.7B
Long Term Debt	523.0M	580.4M	419.2M	215.4M	179.1M	332.2M
Long Term Debt Total	638.9M	702.4M	536.0M	326.2M	375.1M	430.9M
Capital Surpluse	58.1M	62.3M	68.3M	66.0M	75.9M	61.6M

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

0.69	ENS	E Split Corp	Pair Corr
0.85	ENS-PA	E Split Corp	Pair Corr

Moving against NuVista Stock

0.8	RCI-A	Rogers Communications	Pair Corr
0.77	ARA	Aclara Resources	Pair Corr
0.77	CCL-A	CCL Industries	Pair Corr
0.33	SAGE	Sage Potash Corp	Pair Corr

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 Correlation Correlation 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.

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NuVista Net Debt vs Gross Profit Margin Analysis

Net Debt vs Gross Profit Margin

Net Debt vs Gross Profit Margin Correlation Analysis

Correlation Coefficient

Net Debt

Gross Profit Margin

NuVista Energy fundamental ratios Correlations

NuVista Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NuVista Energy fundamental ratios Accounts

Pair Trading with NuVista Energy

Moving together with NuVista Stock

Moving against NuVista Stock

Other Information on Investing in NuVista Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.97	Total Current Liabilities

Cash	- 0.84	Net Debt
Accounts Payable	- 0.83	Current Deferred Revenue
Net Receivables	- 0.82	Current Deferred Revenue
Current Deferred Revenue	- 0.81	Total Stockholder Equity
Total Current Assets	- 0.8	Current Deferred Revenue
Current Deferred Revenue	- 0.79	Total Current Liabilities