Tourmaline Historical Balance Sheet

TOU Stock

CAD 68.85 0.74 1.06%

Trend analysis of Tourmaline Oil Corp balance sheet accounts such as Property Plant And Equipment Net of 10 B, Net Debt of 991 M, Retained Earnings of 5.5 B or Non Current Assets Total of 22 B provides information on Tourmaline Oil's total assets, liabilities, and equity, which is the actual value of Tourmaline Oil Corp to its prevalent stockholders. By breaking down trends over time using Tourmaline Oil balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Tourmaline Oil Corp 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 Tourmaline Oil Corp is a good buy for the upcoming year.

Tourmaline Oil Inventory

12.26 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. 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.

About Tourmaline Balance Sheet Analysis

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

Tourmaline Oil Balance Sheet Chart

At this time, Tourmaline Oil's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 28th of March 2025, Non Current Liabilities Total is likely to grow to about 5.5 B, while Other Current Liabilities is likely to drop about 113.6 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

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Total Assets

Total assets refers to the total amount of Tourmaline Oil 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 Tourmaline Oil Corp 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 Liabilities

Total Current Liabilities is an item on Tourmaline Oil balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tourmaline Oil Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most accounts from Tourmaline Oil's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Tourmaline Oil Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. 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.

	2022	2023	2024	2025 (projected)
Other Current Liabilities	404.9M	83.9M	122.4M	113.6M
Total Assets	18.9B	20.5B	22.3B	23.4B

Other Current Liab Total Assets

Tourmaline Oil balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Currrent Assets Other	Inventory
Total Assets		0.4	0.94	0.9	0.89	0.47	0.96	-0.68	1.0	-0.37	0.92	0.76	0.88	0.16	0.98	0.77	0.96	0.99	0.97	0.84	0.03	0.87	0.46	0.84	0.29	0.06
Other Current Liab	0.4		0.47	0.47	0.34	-0.29	0.58	-0.22	0.37	-0.29	0.67	0.22	0.36	-0.25	0.25	0.63	0.24	0.31	0.45	0.66	-0.29	0.34	-0.34	0.41	0.73	0.21
Total Current Liabilities	0.94	0.47		0.84	0.81	0.23	0.97	-0.55	0.93	-0.34	0.94	0.6	0.8	0.16	0.91	0.85	0.83	0.95	0.92	0.9	-0.09	0.77	0.21	0.91	0.36	0.25
Total Stockholder Equity	0.9	0.47	0.84		0.99	0.5	0.88	-0.68	0.89	-0.36	0.87	0.89	0.96	0.14	0.86	0.69	0.86	0.87	0.82	0.78	0.01	0.98	0.45	0.9	0.38	0.01
Property Plant And Equipment Net	0.89	0.34	0.81	0.99		0.61	0.84	-0.69	0.89	-0.33	0.81	0.93	0.97	0.19	0.88	0.61	0.89	0.88	0.81	0.7	0.07	0.99	0.57	0.88	0.27	-0.05
Net Debt	0.47	-0.29	0.23	0.5	0.61		0.25	-0.61	0.51	-0.13	0.21	0.82	0.64	0.41	0.56	-0.01	0.68	0.49	0.36	0.07	0.5	0.65	0.98	0.27	-0.15	-0.48
Retained Earnings	0.96	0.58	0.97	0.88	0.84	0.25		-0.59	0.95	-0.35	0.98	0.65	0.82	0.07	0.91	0.87	0.86	0.94	0.94	0.93	-0.13	0.8	0.24	0.86	0.44	0.17
Cash	-0.68	-0.22	-0.55	-0.68	-0.69	-0.61	-0.59		-0.69	0.53	-0.58	-0.73	-0.7	-0.32	-0.69	-0.42	-0.71	-0.67	-0.63	-0.44	-0.56	-0.72	-0.54	-0.52	-0.2	0.51
Non Current Assets Total	1.0	0.37	0.93	0.89	0.89	0.51	0.95	-0.69		-0.38	0.91	0.78	0.88	0.17	0.99	0.74	0.97	0.99	0.97	0.81	0.05	0.87	0.49	0.83	0.25	0.04
Cash And Short Term Investments	-0.37	-0.29	-0.34	-0.36	-0.33	-0.13	-0.35	0.53	-0.38		-0.36	-0.31	-0.42	0.24	-0.34	-0.33	-0.32	-0.34	-0.39	-0.21	-0.23	-0.37	0.03	-0.23	-0.16	0.17
Net Receivables	0.92	0.67	0.94	0.87	0.81	0.21	0.98	-0.58	0.91	-0.36		0.64	0.81	0.07	0.86	0.9	0.81	0.89	0.91	0.96	-0.12	0.78	0.19	0.85	0.59	0.2
Common Stock Total Equity	0.76	0.22	0.6	0.89	0.93	0.82	0.65	-0.73	0.78	-0.31	0.64		0.94	0.26	0.77	0.4	0.84	0.74	0.67	0.51	0.28	0.96	0.76	0.68	0.22	-0.22
Common Stock Shares Outstanding	0.88	0.36	0.8	0.96	0.97	0.64	0.82	-0.7	0.88	-0.42	0.81	0.94		0.24	0.86	0.61	0.89	0.86	0.8	0.69	0.1	0.98	0.58	0.84	0.32	-0.06
Short Term Investments	0.16	-0.25	0.16	0.14	0.19	0.41	0.07	-0.32	0.17	0.24	0.07	0.26	0.24		0.22	0.0	0.25	0.21	0.12	0.06	0.46	0.19	0.45	0.24	-0.04	-0.44
Non Current Liabilities Total	0.98	0.25	0.91	0.86	0.88	0.56	0.91	-0.69	0.99	-0.34	0.86	0.77	0.86	0.22		0.73	0.97	0.99	0.93	0.78	0.1	0.85	0.55	0.81	0.2	-0.01
Other Current Assets	0.77	0.63	0.85	0.69	0.61	-0.01	0.87	-0.42	0.74	-0.33	0.9	0.4	0.61	0.0	0.73		0.61	0.77	0.76	0.97	-0.15	0.57	-0.03	0.75	0.72	0.22
Other Stockholder Equity	0.96	0.24	0.83	0.86	0.89	0.68	0.86	-0.71	0.97	-0.32	0.81	0.84	0.89	0.25	0.97	0.61		0.95	0.91	0.69	0.12	0.88	0.67	0.73	0.15	-0.09
Total Liab	0.99	0.31	0.95	0.87	0.88	0.49	0.94	-0.67	0.99	-0.34	0.89	0.74	0.86	0.21	0.99	0.77	0.95		0.95	0.82	0.05	0.85	0.48	0.84	0.24	0.05
Property Plant And Equipment Gross	0.97	0.45	0.92	0.82	0.81	0.36	0.94	-0.63	0.97	-0.39	0.91	0.67	0.8	0.12	0.93	0.76	0.91	0.95		0.82	0.0	0.79	0.35	0.8	0.28	0.12
Total Current Assets	0.84	0.66	0.9	0.78	0.7	0.07	0.93	-0.44	0.81	-0.21	0.96	0.51	0.69	0.06	0.78	0.97	0.69	0.82	0.82		-0.19	0.66	0.07	0.81	0.69	0.26
Short Term Debt	0.03	-0.29	-0.09	0.01	0.07	0.5	-0.13	-0.56	0.05	-0.23	-0.12	0.28	0.1	0.46	0.1	-0.15	0.12	0.05	0.0	-0.19		0.14	0.47	-0.09	-0.1	-0.72
Common Stock	0.87	0.34	0.77	0.98	0.99	0.65	0.8	-0.72	0.87	-0.37	0.78	0.96	0.98	0.19	0.85	0.57	0.88	0.85	0.79	0.66	0.14		0.6	0.85	0.27	-0.08
Short Long Term Debt Total	0.46	-0.34	0.21	0.45	0.57	0.98	0.24	-0.54	0.49	0.03	0.19	0.76	0.58	0.45	0.55	-0.03	0.67	0.48	0.35	0.07	0.47	0.6		0.24	-0.19	-0.45
Accounts Payable	0.84	0.41	0.91	0.9	0.88	0.27	0.86	-0.52	0.83	-0.23	0.85	0.68	0.84	0.24	0.81	0.75	0.73	0.84	0.8	0.81	-0.09	0.85	0.24		0.35	0.23
Non Currrent Assets Other	0.29	0.73	0.36	0.38	0.27	-0.15	0.44	-0.2	0.25	-0.16	0.59	0.22	0.32	-0.04	0.2	0.72	0.15	0.24	0.28	0.69	-0.1	0.27	-0.19	0.35		0.1
Inventory	0.06	0.21	0.25	0.01	-0.05	-0.48	0.17	0.51	0.04	0.17	0.2	-0.22	-0.06	-0.44	-0.01	0.22	-0.09	0.05	0.12	0.26	-0.72	-0.08	-0.45	0.23	0.1

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Tourmaline Oil Account Relationship Matchups

Tourmaline Oil balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	12.8B	15.3B	18.9B	20.5B	22.3B	23.4B
Other Current Liab	63.8M	269.3M	404.9M	83.9M	122.4M	113.6M
Total Current Liabilities	517.7M	1.1B	1.4B	1.6B	1.5B	1.6B
Total Stockholder Equity	8.8B	11.6B	13.7B	14.0B	15.5B	7.8B
Property Plant And Equipment Net	12.2B	13.8B	14.8B	17.5B	19.9B	10.0B
Net Debt	1.7B	891.9M	639.4M	1.1B	1.3B	991.0M
Retained Earnings	2.2B	3.8B	5.7B	5.2B	5.3B	5.5B
Cash	(10.9M)	220.2M	(11.2M)	(10.2M)	(9.1M)	(8.7M)
Non Current Assets Total	12.2B	14.6B	16.6B	18.8B	21.0B	22.0B
Cash And Short Term Investments	12.1M	220.2M	(11.2M)	(10.2M)	(9.1M)	(8.7M)
Net Receivables	363.6M	652.2M	1.1B	731.1M	792.1M	831.7M
Common Stock Shares Outstanding	272.1M	316.8M	342.5M	345.4M	373.7M	262.3M
Liabilities And Stockholders Equity	12.8B	15.3B	18.9B	20.5B	23.6B	24.7B
Non Current Liabilities Total	3.0B	2.6B	3.8B	4.9B	5.2B	5.5B
Other Current Assets	45.7M	37.5M	1.2B	564.3M	649.0M	681.5M
Other Stockholder Equity	307.2M	284.3M	288.3M	345.6M	397.4M	417.3M
Total Liab	3.5B	3.7B	5.2B	6.5B	6.8B	7.1B
Property Plant And Equipment Gross	12.2B	19.8B	21.9B	17.5B	29.7B	31.2B
Total Current Assets	629.5M	689.7M	2.2B	1.3B	1.4B	1.4B
Short Term Debt	3.4M	6.0M	6.2M	5.8M	6.7M	13.3M
Common Stock	6.3B	7.5B	7.7B	8.5B	9.8B	5.3B
Short Long Term Debt Total	2.0B	880.7M	629.3M	1.1B	1.3B	1.2B
Accounts Payable	450.5M	775.5M	1.0B	1.1B	1.3B	666.5M
Non Currrent Assets Other	7.1M	12.2M	1.2B	2.1M	8.5M	8.1M
Inventory	(12.1M)	1.0	11.2M	10.2M	11.7M	12.3M
Other Liab	1.1B	1.0B	1.8B	3.1B	3.6B	3.8B
Net Tangible Assets	7.8B	8.8B	11.6B	13.7B	15.7B	8.4B
Other Assets	7.1M	12.2M	1.2B	385.9M	443.8M	466.0M
Long Term Debt	1.9B	869.6M	619.1M	1.1B	1.3B	1.3B
Property Plant Equipment	10.9B	12.2B	13.8B	14.8B	17.0B	10.9B
Long Term Debt Total	1.6B	2.0B	877.7M	626.2M	563.5M	1.1B
Capital Surpluse	287.4M	307.2M	284.3M	288.3M	331.6M	275.4M
Long Term Investments	0.0	745.9M	648.2M	608.0M	428.5M	300.8M
Net Invested Capital	10.8B	12.5B	14.3B	15.1B	16.8B	13.3B

Pair Trading with Tourmaline Oil

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 Tourmaline Oil 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 Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Tourmaline Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tourmaline Oil 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 Tourmaline Oil - 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 Tourmaline Oil Corp to buy it.

The correlation of Tourmaline Oil 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 Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil Corp 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 Tourmaline Oil 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 Correlation Correlation Matching

Other Information on Investing in Tourmaline Stock

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Tourmaline Historical Balance Sheet

Tourmaline Oil Inventory

12.26 Million

About Tourmaline Balance Sheet Analysis

Tourmaline Oil Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Tourmaline Oil balance sheet Correlations

Tourmaline Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tourmaline Oil balance sheet Accounts

Pair Trading with Tourmaline Oil

Other Information on Investing in Tourmaline Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Assets Total

Common Stock Total Equity	- 0.73	Cash
Inventory	- 0.72	Short Term Debt
Common Stock	- 0.72	Cash
Other Stockholder Equity	- 0.71	Cash
Common Stock Shares Outstanding	- 0.7	Cash
Non Current Liabilities Total	- 0.69	Cash