Obsidian Other Assets vs Current Deferred Revenue Analysis
OBE Stock | USD 5.42 0.01 0.18% |
Obsidian Energy financial indicator trend analysis is much more than just breaking down Obsidian Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Obsidian Energy is a good investment. Please check the relationship between Obsidian Energy Other Assets and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian 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 bureau of labor statistics. For information on how to trade Obsidian Stock refer to our How to Trade Obsidian Stock guide.
Other Assets vs Current Deferred Revenue
Other Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Obsidian Energy Other Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between Obsidian Energy's Other Assets and Current Deferred Revenue is 0.22. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Obsidian Energy, assuming nothing else is changed. The correlation between historical values of Obsidian Energy's Other Assets and Current Deferred 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 Other Assets of Obsidian Energy are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Other Assets i.e., Obsidian Energy's Other Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Assets
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Obsidian Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Obsidian 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian 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 bureau of labor statistics. For information on how to trade Obsidian Stock refer to our How to Trade Obsidian Stock guide.At present, Obsidian Energy's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 4.18, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 497.5M | 920M | 653.3M | 620.6M | Depreciation And Amortization | 125.7M | 185.7M | 211M | 200.5M |
Obsidian Energy fundamental ratios Correlations
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Obsidian Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Obsidian Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 964.1M | 1.4B | 2.2B | 2.3B | 2.1B | |
Short Long Term Debt Total | 575M | 462.2M | 399.7M | 231.3M | 228M | 216.6M | |
Other Current Liab | 140M | 16.9M | 27.6M | 34.1M | 32.6M | 31.0M | |
Total Current Liabilities | 603M | 547.6M | 530.5M | 222.9M | 230M | 441.3M | |
Total Stockholder Equity | 1.1B | 323.1M | 763.5M | 1.6B | 1.6B | 3.1B | |
Property Plant And Equipment Net | 1.7B | 905.2M | 1.3B | 1.9B | 1.9B | 1.8B | |
Net Debt | 574M | 454.1M | 392.4M | 230.5M | 227.5M | 216.1M | |
Retained Earnings | (1.2B) | (2.0B) | (1.6B) | (743.4M) | (635.4M) | (667.2M) | |
Accounts Payable | 111M | 74.1M | 107.8M | 185.6M | 193.5M | 260.7M | |
Non Current Assets Total | 1.7B | 905.2M | 1.3B | 2.1B | 2.2B | 2.0B | |
Net Receivables | 71M | 40.8M | 68.9M | 82.6M | 70M | 66.5M | |
Common Stock Shares Outstanding | 72.9M | 73.3M | 77.6M | 84.4M | 84.1M | 59.8M | |
Liabilities And Stockholders Equity | 1.9B | 964.1M | 1.4B | 2.2B | 2.3B | 2.1B | |
Non Current Liabilities Total | 209M | 93.4M | 135.2M | 401.7M | 376.6M | 357.8M | |
Total Liab | 812M | 641M | 665.7M | 624.6M | 606.6M | 576.3M | |
Total Current Assets | 169M | 58.9M | 87.1M | 100.3M | 94.6M | 89.9M | |
Other Stockholder Equity | 101.8M | 103.6M | 103.2M | 101.2M | 91.1M | 86.5M | |
Accumulated Other Comprehensive Income | 102M | 103.6M | 103.2M | 101.2M | 104.1M | 99.4M | |
Short Term Debt | 463M | 456.6M | 395.1M | 3.2M | 3.9M | 3.7M | |
Cash And Short Term Investments | 1M | 8.1M | 7.3M | 800K | 500K | 475K | |
Inventory | 85M | 800K | 1.8M | 6.2M | 1.0 | 0.95 | |
Cash | 1M | 8.1M | 7.3M | 800K | 500K | 475K | |
Long Term Debt | 402M | 27M | 0.0 | 225.3M | 218M | 207.1M | |
Long Term Debt Total | 112M | 5.6M | 4.6M | 228.1M | 205.3M | 195.0M | |
Property Plant Equipment | 1.7B | 905.2M | 1.3B | 1.9B | 1.7B | 2.5B | |
Other Liab | 96.6M | 87.8M | 130.6M | 173.6M | 199.6M | 149.3M | |
Net Tangible Assets | 1.1B | 323.1M | 763.5M | 1.6B | 1.4B | 900.3M | |
Net Invested Capital | 1.6B | 774.9M | 1.2B | 1.8B | 1.9B | 1.3B | |
Short Long Term Debt | 434M | 451.8M | 391M | 2M | 1.8M | 1.7M | |
Net Working Capital | (434M) | (488.7M) | (443.4M) | (122.6M) | (135.4M) | (142.2M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Obsidian Energy is a strong investment it is important to analyze Obsidian Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Obsidian Energy's future performance. For an informed investment choice regarding Obsidian Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian 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 bureau of labor statistics. For information on how to trade Obsidian Stock refer to our How to Trade Obsidian Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Obsidian Energy. If investors know Obsidian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Obsidian Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.4 | Earnings Share 1.01 | Revenue Per Share 9.012 | Quarterly Revenue Growth 0.075 | Return On Assets 0.0519 |
The market value of Obsidian Energy is measured differently than its book value, which is the value of Obsidian that is recorded on the company's balance sheet. Investors also form their own opinion of Obsidian Energy's value that differs from its market value or its book value, called intrinsic value, which is Obsidian Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Obsidian Energy's market value can be influenced by many factors that don't directly affect Obsidian Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Obsidian Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Obsidian Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Obsidian Energy'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.