Total Roe vs Interest Coverage Analysis

TOT Stock  CAD 11.75  0.25  2.08%   
Total Energy financial indicator trend analysis is much more than just breaking down Total Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Total Energy Services is a good investment. Please check the relationship between Total Energy Roe and its Interest Coverage accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Total 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.

Roe vs Interest Coverage

Roe vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Total Energy Services Roe account and Interest Coverage. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Total Energy's Roe and Interest Coverage is 0.88. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Total Energy Services, assuming nothing else is changed. The correlation between historical values of Total Energy's Roe and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Total Energy Services are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Roe i.e., Total Energy's Roe and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Roe

Interest Coverage

Most indicators from Total Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Total Energy Services 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Total 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, Total Energy's Tax Provision is very stable compared to the past year. As of the 14th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 26.5 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue406.2M668.6M759.1M797.0M
EBITDA86.0M131.3M169.0M177.4M

Total Energy fundamental ratios Correlations

0.870.740.970.990.830.720.860.990.870.930.920.890.73-0.720.970.60.790.52-0.590.83-0.180.280.280.420.87
0.870.620.760.90.990.350.750.90.670.80.980.70.55-0.450.940.410.610.71-0.280.7-0.020.140.140.170.8
0.740.620.660.70.580.40.860.690.820.660.60.60.91-0.650.780.810.920.56-0.490.96-0.550.50.50.760.76
0.970.760.660.960.710.840.770.960.820.930.840.930.7-0.790.890.610.760.39-0.70.76-0.220.290.290.420.82
0.990.90.70.960.880.70.821.00.810.90.950.860.71-0.690.970.540.730.57-0.560.79-0.140.20.20.340.84
0.830.990.580.710.880.310.70.880.610.730.960.650.54-0.410.90.360.550.73-0.210.660.020.020.020.120.76
0.720.350.40.840.70.310.490.70.620.680.50.70.5-0.770.560.380.530.12-0.850.47-0.250.180.180.280.42
0.860.750.860.770.820.70.490.820.920.750.770.680.8-0.550.90.620.810.46-0.40.9-0.190.320.320.630.79
0.990.90.690.961.00.880.70.820.810.90.950.860.71-0.690.970.540.730.57-0.560.79-0.140.190.190.340.84
0.870.670.820.820.810.610.620.920.810.80.720.690.74-0.70.870.590.820.41-0.550.86-0.210.370.370.60.74
0.930.80.660.930.90.730.680.750.90.80.870.90.6-0.790.880.660.830.35-0.690.76-0.30.490.490.40.84
0.920.980.60.840.950.960.50.770.950.720.870.760.57-0.550.950.420.650.58-0.410.69-0.050.170.170.190.8
0.890.70.60.930.860.650.70.680.860.690.90.760.62-0.690.80.680.740.3-0.590.72-0.250.30.30.420.88
0.730.550.910.70.710.540.50.80.710.740.60.570.62-0.690.720.790.840.44-0.510.91-0.520.330.330.810.73
-0.72-0.45-0.65-0.79-0.69-0.41-0.77-0.55-0.69-0.7-0.79-0.55-0.69-0.69-0.61-0.71-0.81-0.210.9-0.70.59-0.47-0.47-0.54-0.59
0.970.940.780.890.970.90.560.90.970.870.880.950.80.72-0.610.550.770.62-0.450.85-0.130.260.260.410.87
0.60.410.810.610.540.360.380.620.540.590.660.420.680.79-0.710.550.890.21-0.560.8-0.70.630.630.790.78
0.790.610.920.760.730.550.530.810.730.820.830.650.740.84-0.810.770.890.35-0.70.91-0.660.660.660.740.81
0.520.710.560.390.570.730.120.460.570.410.350.580.30.44-0.210.620.210.35-0.080.51-0.04-0.03-0.030.00.46
-0.59-0.28-0.49-0.7-0.56-0.21-0.85-0.4-0.56-0.55-0.69-0.41-0.59-0.510.9-0.45-0.56-0.7-0.08-0.480.65-0.55-0.55-0.35-0.39
0.830.70.960.760.790.660.470.90.790.860.760.690.720.91-0.70.850.80.910.51-0.48-0.410.420.420.790.83
-0.18-0.02-0.55-0.22-0.140.02-0.25-0.19-0.14-0.21-0.3-0.05-0.25-0.520.59-0.13-0.7-0.66-0.040.65-0.41-0.66-0.66-0.5-0.27
0.280.140.50.290.20.020.180.320.190.370.490.170.30.33-0.470.260.630.66-0.03-0.550.42-0.661.00.510.4
0.280.140.50.290.20.020.180.320.190.370.490.170.30.33-0.470.260.630.66-0.03-0.550.42-0.661.00.510.4
0.420.170.760.420.340.120.280.630.340.60.40.190.420.81-0.540.410.790.740.0-0.350.79-0.50.510.510.55
0.870.80.760.820.840.760.420.790.840.740.840.80.880.73-0.590.870.780.810.46-0.390.83-0.270.40.40.55
Click cells to compare fundamentals

Total Energy Account Relationship Matchups

Total Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets997.2M849.6M813.5M878.6M861.7M493.0M
Short Long Term Debt Total298.3M247.9M202.6M134.8M108.8M103.9M
Total Current Liabilities152.2M61.7M88.4M187.8M177.0M185.9M
Total Stockholder Equity543.4M510.4M492.9M521.5M530.2M293.2M
Property Plant And Equipment Net730.6M637.7M576.3M567.5M557.2M345.5M
Net Debt278.4M224.9M169.3M100.7M60.8M90.1M
Retained Earnings268.1M240.1M242.9M273.8M299.7M167.3M
Accounts Payable50.4M16.5M33.6M53.2M43.4M26.5M
Non Current Assets Total741.7M648.9M587.8M578.6M561.2M352.9M
Net Receivables118.3M74.7M92.8M155.1M137.6M70.2M
Common Stock Shares Outstanding45.6M45.1M44.7M43.0M41.1M35.7M
Liabilities And Stockholders Equity997.2M849.6M813.5M878.6M861.7M493.0M
Non Current Liabilities Total301.8M276.8M231.7M168.8M153.9M123.3M
Inventory105.7M95.6M89.9M91.6M98.2M49.3M
Other Current Assets11.5M7.4M9.7M19.2M16.7M17.6M
Other Stockholder Equity7.5M5.0M5.8M3.6M4.8M4.6M
Total Liab454.0M338.6M320.1M356.6M330.9M199.7M
Property Plant And Equipment Gross730.6M637.7M1.2B1.2B1.3B1.3B
Total Current Assets255.4M200.7M225.7M300.0M300.5M315.5M
Accumulated Other Comprehensive Income(16.7M)(18.7M)(26.7M)(17.0M)(25.5M)(26.8M)
Short Term Debt49.9M9.0M6.6M7.2M7.9M15.7M
Other Current Liab79.7M48.1M53.9M114.8M76.6M80.4M
Cash19.9M23.0M33.4M34.1M47.9M50.3M
Cash And Short Term Investments19.9M23.0M33.4M34.1M47.9M50.3M
Current Deferred Revenue3.9M6.4M16.3M63.9M39.3M41.3M
Common Stock Total Equity291.3M288.9M284.5M284.1M326.7M179.9M
Common Stock284.5M284.1M270.9M261.1M251.3M204.7M
Other Liab53.4M37.9M35.7M41.1M37.0M41.0M
Net Tangible Assets539.3M506.3M488.8M517.4M595.0M506.4M
Long Term Debt236.3M230.5M187.9M118.0M90.9M162.5M
Short Long Term Debt41.6M2.6M2.6M2.0M2.1M1.9M
Property Plant Equipment730.6M637.7M576.3M567.5M652.6M621.8M
Long Term Debt Total248.4M238.9M196.0M127.6M146.8M220.3M
Capital Surpluse7.5M5.0M5.8M3.6M3.2M4.6M
Capital Lease Obligations20.4M14.8M12.1M14.8M15.8M13.2M

Pair Trading with Total 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 Total 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 Total Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Total Stock

  0.81ENB-PFV Enbridge Pref 5PairCorr
  0.67ENB-PFC Enbridge Pref 11PairCorr
  0.87ENS E Split CorpPairCorr
  0.93ENS-PA E Split CorpPairCorr

Moving against Total Stock

  0.45SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Total 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 Total 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 Total 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 Total Energy Services to buy it.
The correlation of Total 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 Total Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Total 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 Total 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

Other Information on Investing in Total Stock

Balance Sheet is a snapshot of the financial position of Total Energy Services at a specified time, usually calculated after every quarter, six months, or one year. Total Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Total 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 Total currently owns. An asset can also be divided into two categories, current and non-current.