Teekay Total Other Income Expense Net vs Gross Profit Analysis
| TK Stock | USD 7.50 0.15 2.04% |
Teekay financial indicator trend analysis is much more than just breaking down Teekay prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Teekay is a good investment. Please check the relationship between Teekay Total Other Income Expense Net and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.
Total Other Income Expense Net vs Gross Profit
Total Other Income Expense Net vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Teekay Total Other Income Expense Net account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Teekay's Total Other Income Expense Net and Gross Profit is -0.27. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Teekay, assuming nothing else is changed. The correlation between historical values of Teekay's Total Other Income Expense Net and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Teekay are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Other Income Expense Net i.e., Teekay's Total Other Income Expense Net and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Other Income Expense Net
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Teekay minus its cost of goods sold. It is profit before Teekay operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from Teekay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Teekay 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 Teekay. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.The value of Selling General Administrative is expected to slide to about 54.7 M. The value of Tax Provision is estimated to slide to about 7.2 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 41.4M | 57.6M | 57.6M | 54.7M | Cost Of Revenue | 732.2M | 897.2M | 884.3M | 1.0B |
Teekay fundamental ratios Correlations
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Teekay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Teekay fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 8.1B | 6.9B | 6.5B | 2.2B | 2.3B | 2.2B | |
| Short Long Term Debt Total | 4.9B | 3.8B | 1.0B | 597.4M | 215.9M | 205.1M | |
| Other Current Liab | (20.5M) | (34.5M) | 2.9B | (1.7M) | 79.1M | 75.1M | |
| Total Current Liabilities | 1.3B | 877.9M | 3.3B | 215.7M | 172.8M | 164.2M | |
| Total Stockholder Equity | 481.9M | 481.4M | 515.1M | 623.5M | 732.3M | 987.3M | |
| Property Plant And Equipment Net | 5.0B | 4.5B | 1.4B | 1.3B | 1.2B | 1.2B | |
| Net Debt | 4.5B | 3.5B | 896.2M | 287.5M | (264.9M) | (251.6M) | |
| Retained Earnings | (546.7M) | (527.0M) | (513.2M) | (396.6M) | (213.2M) | (202.5M) | |
| Accounts Payable | 420.4M | 456.2M | 144.1M | 134.3M | 34.0M | 32.3M | |
| Cash | 353.2M | 348.8M | 109.0M | 309.9M | 480.8M | 419.8M | |
| Non Current Assets Total | 7.2B | 6.2B | 1.4B | 1.3B | 1.4B | 1.3B | |
| Non Currrent Assets Other | 233.4M | 137.1M | 25.9M | 25.6M | (2.2M) | (2.1M) | |
| Cash And Short Term Investments | 353.2M | 348.8M | 109.0M | 519.9M | 653.4M | 449.7M | |
| Net Receivables | 475.9M | 282.2M | 167.5M | 239.2M | 187.8M | 246.0M | |
| Common Stock Shares Outstanding | 100.7M | 101.1M | 102.1M | 102.1M | 96.6M | 87.1M | |
| Liabilities And Stockholders Equity | 8.1B | 6.9B | 6.5B | 2.2B | 2.3B | 2.2B | |
| Non Current Liabilities Total | 4.2B | 3.6B | 770.4M | 579.6M | 344.3M | 327.1M | |
| Other Current Assets | 589.7M | 16.8M | 5.0B | 6.8M | 27.5M | 26.2M | |
| Other Stockholder Equity | 2.1B | 1.9B | 1.9B | 744.2M | 855.8M | 1.2B | |
| Total Liab | 5.5B | 4.5B | 4.1B | 795.2M | 517.1M | 491.2M | |
| Property Plant And Equipment Gross | 5.0B | 4.5B | 1.4B | 1.3B | 1.8B | 1.7B | |
| Total Current Assets | 894.6M | 721.1M | 5.1B | 826.7M | 921.9M | 986.9M | |
| Accumulated Other Comprehensive Income | (2.3M) | (23.7M) | (48.9M) | (25.5M) | (2.0M) | 0.0 | |
| Short Term Investments | 274.0M | 14.8M | 12.0M | 210M | 172.6M | 181.2M | |
| Inventory | (524.2M) | 73.3M | (116.4M) | 60.8M | 53.2M | 55.9M | |
| Short Term Debt | 874.7M | 421.8M | 307.3M | 81.3M | 56.4M | 53.6M | |
| Common Stock | 1.1B | 1.1B | 1.1B | 1.0B | 945.5M | 740.0M | |
| Other Liab | 154.2M | 198.1M | 72.5M | 63.5M | 73.0M | 69.4M | |
| Other Assets | 637.2M | 137.1M | 25.9M | 25.6M | 1.0 | 0.95 | |
| Long Term Debt | 2.3B | 3.3B | 683.6M | 472.6M | 543.5M | 516.3M | |
| Property Plant Equipment | 5.0B | 4.5B | 1.4B | 1.3B | 1.5B | 1.4B | |
| Good Will | 38.1M | 38.1M | 24.4M | 24.6M | 2.4M | 2.3M | |
| Intangible Assets | 45.9M | 36.5M | 1.5M | 1.1M | 22.0M | 20.9M | |
| Current Deferred Revenue | 42.2M | 34.5M | 852K | 1.7M | 3.4M | 3.2M | |
| Net Tangible Assets | 397.9M | 481.4M | 515.1M | 623.5M | 561.1M | 504.8M | |
| Long Term Investments | 1.7B | 1.6B | 25.0M | 16.2M | 15.7M | 14.9M | |
| Short Long Term Debt | 592.0M | 421.8M | 307.3M | 81.3M | 73.2M | 69.5M | |
| Long Term Debt Total | 4.0B | 3.3B | 692.3M | 472.6M | 425.3M | 404.1M | |
| Capital Lease Obligations | 2.0B | 54.3M | 14.3M | 43.4M | 227.2M | 215.8M |
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 Teekay 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, Teekay's short interest history, or implied volatility extrapolated from Teekay options trading.
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When determining whether Teekay is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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When running Teekay's price analysis, check to measure Teekay'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 Teekay is operating at the current time. Most of Teekay's value examination focuses on studying past and present price action to predict the probability of Teekay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teekay's price. Additionally, you may evaluate how the addition of Teekay to your portfolios can decrease your overall portfolio volatility.
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Is Teekay's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Earnings Share 1.54 | Revenue Per Share 15.505 | Quarterly Revenue Growth (0.14) | Return On Assets 0.1489 |
The market value of Teekay is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay's value that differs from its market value or its book value, called intrinsic value, which is Teekay's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay's market value can be influenced by many factors that don't directly affect Teekay's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teekay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.