Obsidian Total Assets vs Accounts Payable Analysis
OBE Stock | CAD 7.66 0.06 0.78% |
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 Total Assets and its Accounts Payable 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 board of governors. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.
Total Assets vs Accounts Payable
Total Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Obsidian Energy Total Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Obsidian Energy's Total Assets and Accounts Payable is 0.32. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable 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 Total Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Obsidian Energy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Assets i.e., Obsidian Energy's Total Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Obsidian Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Obsidian Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Accounts Payable
An accounting item on the balance sheet that represents Obsidian Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Obsidian Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 board of governors. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.At this time, Obsidian Energy's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.18, while Selling General Administrative is likely to drop about 18.1 M.
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 | 30.2M | 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 | 170.7M | |
Non Current Assets Total | 1.7B | 905.2M | 1.3B | 2.1B | 2.2B | 2.0B | |
Net Receivables | 70.5M | 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 | |
Other Current Assets | 98M | 10M | 10.9M | 27.6M | 24.1M | 22.9M | |
Total Liab | 812M | 641M | 665.7M | 624.6M | 606.6M | 576.3M | |
Property Plant And Equipment Gross | 1.7B | 905.2M | 10.6B | 11.0B | 11.3B | 7.4B | |
Total Current Assets | 169M | 58.9M | 87.1M | 100.3M | 94.6M | 89.9M | |
Other Stockholder Equity | 102M | 103.6M | 103.2M | 101.2M | 91.1M | 86.5M | |
Accumulated Other Comprehensive Income | 102M | 103.6M | 103.2M | 101.2M | 104.1M | 109.3M | |
Non Currrent Assets Other | (700K) | (905.2M) | (1.3B) | (300K) | 1M | 950K | |
Short Term Debt | 463M | 456.6M | 395.1M | 3.2M | 3.9M | 3.7M | |
Other Liab | 97M | 87.8M | 130.6M | 173.6M | 156.2M | 148.4M | |
Net Tangible Assets | 1.1B | 323.1M | 763.5M | 1.6B | 1.4B | 1.9B | |
Long Term Debt | 402M | 27M | 0.0 | 225.3M | 218M | 207.1M | |
Cash And Short Term Investments | 1M | 8.1M | 7.3M | 800K | 500K | 475K | |
Inventory | 85M | 800K | 1.8M | 6.2M | 1.0 | 0.95 | |
Short Long Term Debt | 434M | 451.8M | 391M | 2M | 1.8M | 1.7M | |
Property Plant Equipment | 1.7B | 905.2M | 1.3B | 1.9B | 1.7B | 3.0B | |
Cash | 1M | 8.1M | 7.3M | 800K | 500K | 475K | |
Long Term Debt Total | 112M | 5.6M | 4.6M | 228.1M | 205.3M | 324.0M | |
Net Invested Capital | 1.6B | 774.9M | 1.2B | 1.8B | 1.9B | 1.4B | |
Net Working Capital | (434M) | (488.7M) | (443.4M) | (122.6M) | (135.4M) | (142.2M) |
Pair Trading with Obsidian 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 Obsidian 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 Obsidian Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Obsidian 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 Obsidian 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 Obsidian 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 Obsidian Energy to buy it.
The correlation of Obsidian 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 Obsidian Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Obsidian 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 Obsidian 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.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 board of governors. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.