Suncor Short Long Term Debt Total vs Non Current Assets Total Analysis

SU Stock

USD 38.38 0.62 1.64%

Suncor Energy financial indicator trend analysis is much more than just breaking down Suncor Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suncor Energy is a good investment. Please check the relationship between Suncor Energy Short Long Term Debt Total and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor 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 employment.

For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.

Short Long Term Debt Total vs Non Current Assets Total

Short Long Term Debt Total vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suncor Energy Short Long Term Debt Total account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Suncor Energy's Short Long Term Debt Total and Non Current Assets Total is 0.92. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Suncor Energy, assuming nothing else is changed. The correlation between historical values of Suncor Energy's Short Long Term Debt Total and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Suncor Energy are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Short Long Term Debt Total i.e., Suncor Energy's Short Long Term Debt Total and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Short Long Term Debt Total

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Suncor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suncor 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor 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 employment.

For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.At this time, Suncor Energy's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.7 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	19.5B	28.8B	19.5B	10.1B
Total Revenue	39.1B	58.3B	49.1B	51.5B

Gross Profit Total Revenue

Suncor Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Other Current Assets	Common Stock Total Equity	Common Stock
Total Assets		0.89	0.21	0.89	0.98	0.99	0.76	0.74	0.84	0.43	0.99	0.01	0.43	0.41	0.87	0.97	0.54	-0.28	0.98	0.43	0.57	0.49	0.26	0.23	0.75	0.96
Short Long Term Debt Total	0.89		0.18	0.76	0.78	0.92	0.96	0.38	0.57	0.12	0.92	-0.05	0.12	0.19	0.73	0.97	0.42	-0.4	0.95	0.4	0.3	0.71	0.42	0.23	0.73	0.92
Other Current Liab	0.21	0.18		0.37	0.14	0.14	0.18	0.16	0.42	-0.02	0.17	0.3	-0.02	0.68	0.01	0.22	0.73	-0.17	0.26	0.64	0.57	0.0	0.6	0.29	0.48	0.14
Total Current Liabilities	0.89	0.76	0.37		0.84	0.84	0.65	0.64	0.91	0.36	0.85	0.06	0.36	0.56	0.76	0.83	0.63	-0.12	0.9	0.46	0.64	0.58	0.24	0.23	0.65	0.83
Total Stockholder Equity	0.98	0.78	0.14	0.84		0.95	0.61	0.86	0.85	0.56	0.96	0.02	0.56	0.42	0.88	0.9	0.51	-0.23	0.91	0.38	0.61	0.34	0.15	0.21	0.69	0.92
Property Plant And Equipment Net	0.99	0.92	0.14	0.84	0.95		0.81	0.66	0.74	0.35	1.0	-0.07	0.35	0.3	0.87	0.98	0.47	-0.37	0.98	0.4	0.46	0.55	0.29	0.21	0.75	0.98
Net Debt	0.76	0.96	0.18	0.65	0.61	0.81		0.15	0.42	-0.17	0.81	0.0	-0.17	0.09	0.57	0.89	0.37	-0.4	0.86	0.43	0.12	0.77	0.57	0.22	0.71	0.83
Retained Earnings	0.74	0.38	0.16	0.64	0.86	0.66	0.15		0.8	0.79	0.68	0.06	0.79	0.55	0.66	0.57	0.49	-0.1	0.61	0.31	0.74	-0.08	-0.08	0.19	0.45	0.59
Accounts Payable	0.84	0.57	0.42	0.91	0.85	0.74	0.42	0.8		0.49	0.77	0.23	0.49	0.68	0.69	0.72	0.69	0.03	0.79	0.48	0.77	0.21	0.19	0.2	0.6	0.73
Cash	0.43	0.12	-0.02	0.36	0.56	0.35	-0.17	0.79	0.49		0.35	-0.18	1.0	0.34	0.53	0.26	0.17	0.02	0.29	-0.13	0.6	-0.21	-0.51	0.04	0.06	0.28
Non Current Assets Total	0.99	0.92	0.17	0.85	0.96	1.0	0.81	0.68	0.77	0.35		-0.01	0.35	0.33	0.87	0.98	0.5	-0.32	0.98	0.42	0.48	0.54	0.3	0.2	0.76	0.98
Non Currrent Assets Other	0.01	-0.05	0.3	0.06	0.02	-0.07	0.0	0.06	0.23	-0.18	-0.01		-0.18	0.49	0.03	-0.01	0.51	0.63	0.01	0.42	0.33	-0.18	0.36	0.0	0.35	0.02
Cash And Short Term Investments	0.43	0.12	-0.02	0.36	0.56	0.35	-0.17	0.79	0.49	1.0	0.35	-0.18		0.34	0.53	0.26	0.17	0.02	0.29	-0.13	0.6	-0.21	-0.51	0.04	0.06	0.28
Net Receivables	0.41	0.19	0.68	0.56	0.42	0.3	0.09	0.55	0.68	0.34	0.33	0.49	0.34		0.3	0.31	0.93	0.02	0.38	0.74	0.94	-0.04	0.41	0.54	0.62	0.31
Common Stock Shares Outstanding	0.87	0.73	0.01	0.76	0.88	0.87	0.57	0.66	0.69	0.53	0.87	0.03	0.53	0.3		0.81	0.39	-0.09	0.82	0.2	0.49	0.44	0.02	0.06	0.66	0.91
Non Current Liabilities Total	0.97	0.97	0.22	0.83	0.9	0.98	0.89	0.57	0.72	0.26	0.98	-0.01	0.26	0.31	0.81		0.5	-0.36	0.99	0.43	0.44	0.59	0.38	0.24	0.77	0.97
Inventory	0.54	0.42	0.73	0.63	0.51	0.47	0.37	0.49	0.69	0.17	0.5	0.51	0.17	0.93	0.39	0.5		-0.14	0.55	0.89	0.87	0.16	0.67	0.54	0.83	0.49
Other Stockholder Equity	-0.28	-0.4	-0.17	-0.12	-0.23	-0.37	-0.4	-0.1	0.03	0.02	-0.32	0.63	0.02	0.02	-0.09	-0.36	-0.14		-0.32	-0.34	-0.05	-0.3	-0.41	-0.45	-0.35	-0.29
Total Liab	0.98	0.95	0.26	0.9	0.91	0.98	0.86	0.61	0.79	0.29	0.98	0.01	0.29	0.38	0.82	0.99	0.55	-0.32		0.45	0.5	0.6	0.36	0.25	0.77	0.96
Property Plant And Equipment Gross	0.43	0.4	0.64	0.46	0.38	0.4	0.43	0.31	0.48	-0.13	0.42	0.42	-0.13	0.74	0.2	0.43	0.89	-0.34	0.45		0.64	0.23	0.87	0.65	0.82	0.42
Total Current Assets	0.57	0.3	0.57	0.64	0.61	0.46	0.12	0.74	0.77	0.6	0.48	0.33	0.6	0.94	0.49	0.44	0.87	-0.05	0.5	0.64		-0.03	0.25	0.52	0.63	0.45
Short Term Debt	0.49	0.71	0.0	0.58	0.34	0.55	0.77	-0.08	0.21	-0.21	0.54	-0.18	-0.21	-0.04	0.44	0.59	0.16	-0.3	0.6	0.23	-0.03		0.31	0.18	0.42	0.59
Other Assets	0.26	0.42	0.6	0.24	0.15	0.29	0.57	-0.08	0.19	-0.51	0.3	0.36	-0.51	0.41	0.02	0.38	0.67	-0.41	0.36	0.87	0.25	0.31		0.5	0.74	0.33
Other Current Assets	0.23	0.23	0.29	0.23	0.21	0.21	0.22	0.19	0.2	0.04	0.2	0.0	0.04	0.54	0.06	0.24	0.54	-0.45	0.25	0.65	0.52	0.18	0.5		0.49	0.23
Common Stock Total Equity	0.75	0.73	0.48	0.65	0.69	0.75	0.71	0.45	0.6	0.06	0.76	0.35	0.06	0.62	0.66	0.77	0.83	-0.35	0.77	0.82	0.63	0.42	0.74	0.49		0.8
Common Stock	0.96	0.92	0.14	0.83	0.92	0.98	0.83	0.59	0.73	0.28	0.98	0.02	0.28	0.31	0.91	0.97	0.49	-0.29	0.96	0.42	0.45	0.59	0.33	0.23	0.8

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Suncor Energy Account Relationship Matchups

Suncor Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	89.4B	84.6B	83.7B	84.6B	88.5B	46.3B
Short Long Term Debt Total	18.0B	21.7B	18.4B	15.6B	15.8B	8.8B
Other Current Liab	310M	614M	2.1B	1.6B	1.5B	1.6B
Total Current Liabilities	10.5B	10.5B	10.4B	12.9B	9.6B	5.5B
Total Stockholder Equity	42.0B	35.8B	36.6B	39.4B	43.3B	22.4B
Property Plant And Equipment Net	75.1B	70.4B	67.8B	64.6B	67.7B	37.3B
Net Debt	16.0B	19.8B	16.1B	13.6B	14.1B	7.3B
Retained Earnings	15.4B	9.1B	11.5B	15.6B	20.0B	10.2B
Accounts Payable	6.6B	4.7B	6.5B	8.2B	7.2B	3.7B
Cash	2.0B	1.9B	2.2B	2.0B	1.7B	1.6B
Non Current Assets Total	79.5B	75.2B	72.8B	70.1B	74.7B	39.9B
Non Currrent Assets Other	905M	954M	916M	1.0B	3.0B	3.1B
Cash And Short Term Investments	2.0B	1.9B	2.2B	2.0B	1.7B	1.6B
Net Receivables	4.2B	3.9B	4.7B	6.3B	6.7B	7.1B
Common Stock Shares Outstanding	1.6B	1.5B	1.5B	1.4B	1.3B	1.3B
Liabilities And Stockholders Equity	89.4B	84.6B	83.7B	84.6B	88.5B	46.3B
Non Current Liabilities Total	36.9B	38.3B	36.7B	32.4B	35.7B	18.4B
Inventory	3.8B	3.6B	4.1B	5.1B	5.4B	5.6B
Other Stockholder Equity	566M	591M	612M	571M	569M	540.6M
Total Liab	47.4B	48.9B	47.1B	45.3B	45.3B	23.9B
Property Plant And Equipment Gross	75.1B	70.4B	67.8B	129.2B	127.3B	133.7B
Total Current Assets	9.9B	9.4B	11.0B	14.5B	13.8B	14.5B
Accumulated Other Comprehensive Income	899M	877M	814M	974M	1.0B	1.1B
Short Term Debt	2.5B	5.3B	1.8B	3.1B	842M	877.5M
Other Assets	1.1B	1.2B	1.5B	1.8B	2.1B	2.2B
Other Current Assets	227M	880M	251M	1.2B	1.0B	1.1B
Common Stock	25.2B	25.1B	23.7B	22.3B	21.7B	14.4B
Intangible Assets	166M	436M	631M	694M	636M	340.1M
Other Liab	21.4B	21.9B	20.2B	19.5B	22.4B	23.5B
Net Tangible Assets	39.0B	32.4B	33.1B	35.8B	41.1B	43.2B
Long Term Debt	12.9B	13.8B	14.0B	9.8B	11.1B	9.2B
Long Term Investments	289M	323M	391M	758M	490M	514.5M
Short Long Term Debt	2.2B	5.0B	1.5B	2.8B	494M	469.3M
Property Plant Equipment	75.1B	70.4B	67.8B	64.6B	74.3B	47.0B
Current Deferred Revenue	425M	535M	1.2B	41M	47.2M	44.8M
Long Term Debt Total	15.5B	16.4B	16.5B	12.5B	14.4B	14.3B
Capital Surpluse	566M	591M	612M	571M	656.7M	554.8M
Capital Lease Obligations	2.9B	2.9B	2.9B	3.0B	3.8B	2.2B

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

Moving together with Suncor Stock

0.9

Ecopetrol SA ADR

Pair Corr

The ability to find closely correlated positions to Suncor 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 Suncor 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 Suncor 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 Suncor Energy to buy it.

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

Additional Tools for Suncor Stock Analysis

When running Suncor Energy's price analysis, check to measure Suncor Energy'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 Suncor Energy is operating at the current time. Most of Suncor Energy's value examination focuses on studying past and present price action to predict the probability of Suncor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncor Energy's price. Additionally, you may evaluate how the addition of Suncor Energy to your portfolios can decrease your overall portfolio volatility.

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