Obsidian Energy EBITDA vs. Current Ratio
| OBE Stock | CAD 7.66 0.06 0.78% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 401.2 M | Current Value 585.1 M | Quarterly Volatility 808.2 M |
For Obsidian Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Obsidian Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Obsidian Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Obsidian Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Obsidian Energy over time as well as its relative position and ranking within its peers.
Obsidian |
Obsidian Energy Current Ratio vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Obsidian Energy's current stock value. Our valuation model uses many indicators to compare Obsidian Energy value to that of its competitors to determine the firm's financial worth. Obsidian Energy is considered to be number one stock in ebitda category among its peers. It is regarded second in current ratio category among its peers . The ratio of EBITDA to Current Ratio for Obsidian Energy is about 1,485,925,926 . At this time, Obsidian Energy's EBITDA is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Obsidian Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Obsidian Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Obsidian Current Ratio vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Obsidian Energy |
| = | 401.2 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Obsidian Energy |
| = | 0.27 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Obsidian Current Ratio Comparison
Obsidian Energy is currently under evaluation in current ratio category among its peers.
Obsidian Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Obsidian Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Obsidian Energy will eventually generate negative long term returns. The profitability progress is the general direction of Obsidian Energy's change in net profit over the period of time. It can combine multiple indicators of Obsidian Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 104.1 M | 109.3 M | |
| Operating Income | 374.2 M | 392.9 M | |
| Income Before Tax | 143.6 M | 150.8 M | |
| Total Other Income Expense Net | -230.6 M | -242.1 M | |
| Net Income | 108 M | 113.4 M | |
| Income Tax Expense | 35.6 M | 37.4 M | |
| Net Income From Continuing Ops | 108 M | 113.4 M | |
| Net Income Applicable To Common Shares | 931.6 M | 978.2 M | |
| Interest Income | 73.2 M | 54.5 M | |
| Net Interest Income | -31.3 M | -32.9 M | |
| Change To Netincome | -247.7 M | -235.3 M | |
| Net Income Per Share | 1.28 | 1.22 | |
| Income Quality | 3.27 | 3.43 | |
| Net Income Per E B T | 0.75 | 0.55 |
Obsidian Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Obsidian Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Obsidian Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Obsidian Energy's important profitability drivers and their relationship over time.
Use Obsidian Energy in pair-trading
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.Obsidian Energy Pair Trading
Obsidian Energy Pair Trading Analysis
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.Use Investing Themes to Complement your Obsidian Energy position
In addition to having Obsidian Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 constituents at this time.
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Check out Your Equity Center. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
To fully project Obsidian Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Obsidian Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Obsidian Energy's income statement, its balance sheet, and the statement of cash flows.