Obsidian Total Assets vs Total Current Assets 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 Total Current Assets 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 Total Current Assets

Total Assets vs Total Current Assets 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 Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Obsidian Energy's Total Assets and Total Current Assets is 0.95. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets 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 Total Current Assets 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 Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Obsidian Energy's Total Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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

0.970.960.850.981.00.970.060.321.00.650.810.010.990.940.990.570.950.80.560.080.90.570.39-0.30.83
0.970.940.890.920.971.0-0.060.160.970.620.83-0.020.980.880.990.490.920.820.560.00.820.660.43-0.130.82
0.960.940.910.930.950.940.060.230.960.560.760.020.950.910.960.560.90.760.750.060.830.570.41-0.220.77
0.850.890.910.820.850.89-0.04-0.010.850.480.720.130.840.840.880.470.810.720.65-0.170.730.540.530.160.62
0.980.920.930.820.980.920.10.410.980.640.780.020.960.940.960.60.930.780.530.110.910.490.4-0.380.79
1.00.970.950.850.980.970.030.31.00.660.820.00.990.920.990.550.950.820.540.10.880.610.38-0.30.84
0.971.00.940.890.920.97-0.060.170.970.620.83-0.020.980.880.990.490.920.820.560.00.820.650.43-0.130.82
0.06-0.060.06-0.040.10.03-0.060.150.06-0.08-0.54-0.260.020.240.010.21-0.11-0.530.240.230.27-0.37-0.06-0.230.14
0.320.160.23-0.010.410.30.170.150.310.420.240.220.260.290.220.530.380.250.150.210.48-0.290.05-0.740.07
1.00.970.960.850.981.00.970.060.310.650.80.00.990.940.990.570.950.80.560.080.90.570.4-0.30.83
0.650.620.560.480.640.660.62-0.080.420.650.6-0.020.660.460.640.360.770.590.080.050.510.530.23-0.170.56
0.810.830.760.720.780.820.83-0.540.240.80.60.190.810.650.820.380.871.00.31-0.050.610.660.36-0.170.6
0.01-0.020.020.130.020.0-0.02-0.260.220.0-0.020.19-0.080.02-0.040.320.040.18-0.070.020.04-0.250.390.2-0.49
0.990.980.950.840.960.990.980.020.260.990.660.81-0.080.911.00.530.940.810.550.050.860.630.39-0.280.88
0.940.880.910.840.940.920.880.240.290.940.460.650.020.910.920.560.860.650.620.010.950.340.34-0.250.76
0.990.990.960.880.960.990.990.010.220.990.640.82-0.041.00.920.530.940.810.570.020.860.640.42-0.210.86
0.570.490.560.470.60.550.490.210.530.570.360.380.320.530.560.530.470.380.36-0.260.590.060.71-0.310.36
0.950.920.90.810.930.950.92-0.110.380.950.770.870.040.940.860.940.470.860.490.050.840.580.27-0.270.76
0.80.820.760.720.780.820.82-0.530.250.80.591.00.180.810.650.810.380.860.31-0.050.610.650.37-0.180.59
0.560.560.750.650.530.540.560.240.150.560.080.31-0.070.550.620.570.360.490.310.080.550.150.15-0.190.41
0.080.00.06-0.170.110.10.00.230.210.080.05-0.050.020.050.010.02-0.260.05-0.050.080.00.07-0.52-0.47-0.01
0.90.820.830.730.910.880.820.270.480.90.510.610.040.860.950.860.590.840.610.550.00.180.34-0.360.68
0.570.660.570.540.490.610.65-0.37-0.290.570.530.66-0.250.630.340.640.060.580.650.150.070.180.20.070.7
0.390.430.410.530.40.380.43-0.060.050.40.230.360.390.390.340.420.710.270.370.15-0.520.340.20.180.2
-0.3-0.13-0.220.16-0.38-0.3-0.13-0.23-0.74-0.3-0.17-0.170.2-0.28-0.25-0.21-0.31-0.27-0.18-0.19-0.47-0.360.070.18-0.31
0.830.820.770.620.790.840.820.140.070.830.560.6-0.490.880.760.860.360.760.590.41-0.010.680.70.2-0.31
Click cells to compare fundamentals

Obsidian Energy Account Relationship Matchups

Obsidian Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B964.1M1.4B2.2B2.3B2.1B
Short Long Term Debt Total575M462.2M399.7M231.3M228M216.6M
Other Current Liab30.2M16.9M27.6M34.1M32.6M31.0M
Total Current Liabilities603M547.6M530.5M222.9M230M441.3M
Total Stockholder Equity1.1B323.1M763.5M1.6B1.6B3.1B
Property Plant And Equipment Net1.7B905.2M1.3B1.9B1.9B1.8B
Net Debt574M454.1M392.4M230.5M227.5M216.1M
Retained Earnings(1.2B)(2.0B)(1.6B)(743.4M)(635.4M)(667.2M)
Accounts Payable111M74.1M107.8M185.6M193.5M170.7M
Non Current Assets Total1.7B905.2M1.3B2.1B2.2B2.0B
Net Receivables70.5M40.8M68.9M82.6M70M66.5M
Common Stock Shares Outstanding72.9M73.3M77.6M84.4M84.1M59.8M
Liabilities And Stockholders Equity1.9B964.1M1.4B2.2B2.3B2.1B
Non Current Liabilities Total209M93.4M135.2M401.7M376.6M357.8M
Other Current Assets98M10M10.9M27.6M24.1M22.9M
Total Liab812M641M665.7M624.6M606.6M576.3M
Property Plant And Equipment Gross1.7B905.2M10.6B11.0B11.3B7.4B
Total Current Assets169M58.9M87.1M100.3M94.6M89.9M
Other Stockholder Equity102M103.6M103.2M101.2M91.1M86.5M
Accumulated Other Comprehensive Income102M103.6M103.2M101.2M104.1M109.3M
Non Currrent Assets Other(700K)(905.2M)(1.3B)(300K)1M950K
Short Term Debt463M456.6M395.1M3.2M3.9M3.7M
Other Liab97M87.8M130.6M173.6M156.2M148.4M
Net Tangible Assets1.1B323.1M763.5M1.6B1.4B1.9B
Long Term Debt402M27M0.0225.3M218M207.1M
Cash And Short Term Investments1M8.1M7.3M800K500K475K
Inventory85M800K1.8M6.2M1.00.95
Short Long Term Debt434M451.8M391M2M1.8M1.7M
Property Plant Equipment1.7B905.2M1.3B1.9B1.7B3.0B
Cash1M8.1M7.3M800K500K475K
Long Term Debt Total112M5.6M4.6M228.1M205.3M324.0M
Net Invested Capital1.6B774.9M1.2B1.8B1.9B1.4B
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.
Pair CorrelationCorrelation Matching
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 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.