Calfrac Historical Income Statement
| CFW Stock | CAD 4.67 0.15 3.32% |
Historical analysis of Calfrac Well income statement accounts such as Interest Expense of 36.1 M, Selling General Administrative of 49.8 M or Total Revenue of 2 B can show how well Calfrac Well Services performed in making a profits. Evaluating Calfrac Well income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Calfrac Well's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Calfrac Well Services 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 Calfrac Well Services is a good buy for the upcoming year.
Calfrac |
About Calfrac Income Statement Analysis
Calfrac Well Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Calfrac Well shareholders. The income statement also shows Calfrac investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Calfrac Well Income Statement Chart
Calfrac Well Services Income Statement is one of the three primary financial statements used for reporting Calfrac's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Calfrac Well Services revenue and expense. Calfrac Well Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Calfrac Well's Income Before Tax is very stable compared to the past year. As of the 20th of April 2024, Total Other Income Expense Net is likely to grow to about 16.2 M, while Depreciation And Amortization is likely to drop about 86.5 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Calfrac Well Services generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Calfrac Well Services. It is also known as Calfrac Well overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Calfrac Well Services income statement and represents the costs associated with goods and services Calfrac Well provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Calfrac Well's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Calfrac Well Services current financial condition. On the other hand, looking into the entire matrix of income statement 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Calfrac Well's Income Before Tax is very stable compared to the past year. As of the 20th of April 2024, Total Other Income Expense Net is likely to grow to about 16.2 M, while Depreciation And Amortization is likely to drop about 86.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 45.6M | 62.2M | 1.7B | 1.8B | Cost Of Revenue | 1.0B | 1.3B | 1.6B | 830.2M |
Calfrac Well income statement Correlations
Click cells to compare fundamentals
Calfrac Well Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Calfrac Well income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 261.2M | 172.0M | 127.9M | 122.2M | 140.6M | 86.5M | |
| Interest Expense | 85.8M | 91.3M | 37.7M | 46.6M | 38.0M | 36.1M | |
| Selling General Administrative | 69.9M | 48.9M | 45.6M | 62.2M | 63.1M | 49.8M | |
| Total Revenue | 1.6B | 705.4M | 1.0B | 1.5B | 1.9B | 2.0B | |
| Gross Profit | (38.6M) | (101.1M) | (18.6M) | 154.6M | 280.3M | 294.3M | |
| Other Operating Expenses | 1.7B | 855.5M | 1.1B | 1.4B | 1.6B | 857.5M | |
| Operating Income | (108.5M) | (150.0M) | (64.2M) | 92.4M | 217.2M | 228.0M | |
| Ebit | (108.5M) | (150.0M) | (64.2M) | 92.4M | 83.2M | 87.3M | |
| Ebitda | 152.7M | 22.0M | 63.7M | 214.6M | 246.8M | 259.2M | |
| Cost Of Revenue | 1.7B | 806.6M | 1.0B | 1.3B | 1.6B | 830.2M | |
| Total Operating Expenses | 69.9M | 48.9M | 45.6M | 62.2M | 1.7B | 1.8B | |
| Income Before Tax | (208.4M) | (155.6M) | (108.4M) | 24.3M | 194.6M | 204.3M | |
| Total Other Income Expense Net | (99.9M) | (5.6M) | (44.1M) | (68.1M) | 15.5M | 16.2M | |
| Net Income | (156.2M) | (324.2M) | (82.8M) | 35.3M | 197.5M | 207.4M | |
| Income Tax Expense | (52.2M) | 168.6M | (25.5M) | (11.0M) | (9.9M) | (9.4M) | |
| Net Income From Continuing Ops | (156.2M) | (324.2M) | (82.8M) | 35.3M | 199.1M | 209.1M | |
| Net Income Applicable To Common Shares | (156.2M) | (324.2M) | (82.8M) | 11.7M | 10.5M | 11.0M | |
| Tax Provision | (52.2M) | 168.6M | (25.5M) | (11.0M) | (4.6M) | (4.8M) | |
| Net Interest Income | (85.8M) | (91.3M) | (37.7M) | (46.6M) | (38.0M) | (39.9M) | |
| Reconciled Depreciation | 261.2M | 172.0M | 127.9M | 122.2M | 118.5M | 124.9M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Calfrac Well in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Calfrac Well's short interest history, or implied volatility extrapolated from Calfrac Well options trading.
Pair Trading with Calfrac Well
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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.Moving against Calfrac Stock
| 0.82 | PWI | Sustainable Power | PairCorr |
| 0.53 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.47 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.41 | ENS | E Split Corp | PairCorr |
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well 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 Calfrac Well 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Calfrac Stock analysis
When running Calfrac Well's price analysis, check to measure Calfrac Well's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Calfrac Well is operating at the current time. Most of Calfrac Well's value examination focuses on studying past and present price action to predict the probability of Calfrac Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calfrac Well's price. Additionally, you may evaluate how the addition of Calfrac Well to your portfolios can decrease your overall portfolio volatility.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Stocks Directory Find actively traded stocks across global markets |