Ensign Historical Income Statement
| ESI Stock | CAD 2.95 0.04 1.37% |
Historical analysis of Ensign Energy income statement accounts such as Selling General Administrative of 54.2 M or Total Revenue of 1.2 B can show how well Ensign Energy Services performed in making a profits. Evaluating Ensign Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ensign Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Ensign Energy Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ensign Energy Services is a good buy for the upcoming year.
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About Ensign Income Statement Analysis
Ensign Energy Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ensign Energy shareholders. The income statement also shows Ensign investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Ensign Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Ensign Energy Services 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ensign Energy Services. It is also known as Ensign Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Ensign Energy Services whose combined shares represent less than 50% of the total outstanding shares issued by Ensign Energy have a minority interest in Ensign Energy.Most accounts from Ensign Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ensign Energy Services current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ensign Energy Services. 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, Ensign Energy's Tax Provision is very stable compared to the past year. Extraordinary Items is expected to grow at the current pace this year, while Depreciation And Amortization is likely to drop about 172.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 97.6M | 119.3M | 135.6M | 142.3M | Depreciation And Amortization | 288.2M | 281.1M | 307.3M | 172.8M |
Ensign Energy income statement Correlations
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Ensign Energy Account Relationship Matchups
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Ensign Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 363.1M | 374.7M | 288.2M | 281.1M | 307.3M | 172.8M | |
| Interest Expense | 149.2M | 107.4M | 97.6M | 119.3M | 135.6M | 142.3M | |
| Selling General Administrative | 59.1M | 41.4M | 44.6M | 68.3M | 58.0M | 54.2M | |
| Total Revenue | 1.6B | 936.8M | 995.6M | 1.6B | 1.8B | 1.2B | |
| Gross Profit | 88.2M | (96.1M) | (36.8M) | 141.1M | 240.9M | 163.3M | |
| Other Operating Expenses | 1.6B | 1.1B | 1.1B | 1.5B | 1.6B | 1.1B | |
| Operating Income | (6.2M) | 12.1M | (84.8M) | 64.0M | 180.5M | 107.8M | |
| Ebit | 11.2M | 82K | (86.0M) | 121.7M | 174.4M | 98.3M | |
| Ebitda | 374.3M | 374.8M | 202.1M | 402.8M | 481.7M | 308.0M | |
| Cost Of Revenue | 1.5B | 1.0B | 1.0B | 1.4B | 1.6B | 1.0B | |
| Total Operating Expenses | 59.1M | 41.4M | 44.6M | 68.3M | 60.3M | 95.4M | |
| Income Before Tax | (183.6M) | (120.5M) | (194.5M) | (6.4M) | 47.7M | 75.7M | |
| Total Other Income Expense Net | (212.7M) | 17.0M | (113.1M) | (79.1M) | (132.8M) | (126.2M) | |
| Net Income | (163.5M) | (66.7M) | (156.0M) | 8.1M | 41.2M | 51.6M | |
| Income Tax Expense | (20.1M) | (53.8M) | (38.5M) | (14.9M) | 6.0M | 5.7M | |
| Net Income From Continuing Ops | (163.5M) | (66.7M) | (156.0M) | 8.5M | 41.7M | 43.8M | |
| Net Income Applicable To Common Shares | (162.9M) | (79.3M) | (159.5M) | 8.1M | 7.3M | 7.7M | |
| Tax Provision | (20.1M) | (53.8M) | (38.5M) | (14.9M) | 6.0M | 6.3M | |
| Interest Income | 189.1M | 120.6M | 108.4M | 128.1M | 147.3M | 95.5M | |
| Minority Interest | 5.1M | 4.9M | (15K) | (358K) | (464K) | (440.8K) | |
| Net Interest Income | (149.2M) | (119.3M) | (108.4M) | (128.1M) | (135.6M) | (142.3M) | |
| Reconciled Depreciation | 363.1M | 374.7M | 288.2M | 281.1M | 307.3M | 269.2M |
Pair Trading with Ensign 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 Ensign 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 Ensign Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Ensign Stock
Moving against Ensign Stock
The ability to find closely correlated positions to Ensign 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 Ensign 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 Ensign 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 Ensign Energy Services to buy it.
The correlation of Ensign 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 Ensign Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ensign Energy Services 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 Ensign 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.Other Information on Investing in Ensign Stock
Ensign Energy Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ensign Energy shareholders. The income statement also shows Ensign investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).