Total Accounts Payable vs Good Will Analysis
TOT Stock | CAD 9.48 0.03 0.32% |
Total Energy financial indicator trend analysis is much more than just breaking down Total Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Total Energy Services is a good investment. Please check the relationship between Total Energy Accounts Payable and its Good Will accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Total Energy Services. 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.
Accounts Payable vs Good Will
Accounts Payable vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Total Energy Services Accounts Payable account and Good Will. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Total Energy's Accounts Payable and Good Will is -0.19. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Good Will in the same time period over historical financial statements of Total Energy Services, assuming nothing else is changed. The correlation between historical values of Total Energy's Accounts Payable and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Total Energy Services are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Accounts Payable i.e., Total Energy's Accounts Payable and Good Will go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Total Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Total Energy Services are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Total Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Total Energy Services 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 Total Energy Services. 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. At this time, Total Energy's Tax Provision is very stable compared to the past year. As of the 10th of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 26.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 406.2M | 668.6M | 759.1M | 797.0M | EBITDA | 81.6M | 128.0M | 147.2M | 154.6M |
Total Energy fundamental ratios Correlations
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Total Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Total Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 997.2M | 849.6M | 813.5M | 878.6M | 861.7M | 493.0M | |
Short Long Term Debt Total | 298.3M | 247.9M | 202.6M | 134.8M | 155.0M | 103.3M | |
Total Current Liabilities | 152.2M | 61.7M | 88.4M | 187.8M | 177.0M | 185.9M | |
Total Stockholder Equity | 543.4M | 510.4M | 492.9M | 521.5M | 530.2M | 293.2M | |
Property Plant And Equipment Net | 730.6M | 637.7M | 576.3M | 567.5M | 557.2M | 345.5M | |
Net Debt | 278.4M | 224.9M | 169.3M | 100.7M | 45.1M | 89.2M | |
Retained Earnings | 268.1M | 240.1M | 242.9M | 273.8M | 299.7M | 167.3M | |
Accounts Payable | 50.4M | 16.5M | 33.6M | 53.2M | 43.4M | 26.9M | |
Non Current Assets Total | 741.7M | 648.9M | 587.8M | 578.6M | 561.2M | 352.9M | |
Net Receivables | 118.3M | 74.7M | 92.8M | 155.1M | 102.9M | 62.3M | |
Common Stock Shares Outstanding | 45.6M | 45.1M | 44.7M | 43.0M | 40.0M | 35.7M | |
Liabilities And Stockholders Equity | 997.2M | 849.6M | 813.5M | 878.6M | 1.0B | 1.1B | |
Non Current Liabilities Total | 301.8M | 276.8M | 231.7M | 168.8M | 153.9M | 123.3M | |
Inventory | 105.7M | 95.6M | 89.9M | 91.6M | 98.2M | 49.3M | |
Other Current Assets | 664K | 566K | 487K | 378K | 434.7K | 413.0K | |
Other Stockholder Equity | 7.5M | 5.0M | 5.8M | 3.6M | 3.2M | 3.1M | |
Total Liab | 454.0M | 338.6M | 320.1M | 356.6M | 330.9M | 199.7M | |
Property Plant And Equipment Gross | 730.6M | 637.7M | 1.2B | 1.2B | 1.3B | 1.3B | |
Total Current Assets | 255.4M | 200.7M | 225.7M | 300.0M | 300.5M | 315.5M | |
Accumulated Other Comprehensive Income | (16.7M) | (18.7M) | (26.7M) | (17.0M) | (15.3M) | (16.1M) | |
Short Term Debt | 49.9M | 9.0M | 6.6M | 7.2M | 8.2M | 15.7M | |
Other Current Liab | 96.1M | 59.8M | 31.9M | 63.6M | 73.1M | 76.7M | |
Common Stock Total Equity | 291.3M | 288.9M | 284.5M | 284.1M | 326.7M | 179.9M | |
Common Stock | 284.5M | 284.1M | 270.9M | 261.1M | 300.3M | 198.7M | |
Current Deferred Revenue | 3.9M | 6.4M | 16.3M | 63.9M | 73.5M | 77.2M | |
Cash | 19.9M | 23.0M | 33.4M | 34.1M | 47.9M | 26.1M | |
Cash And Short Term Investments | 19.9M | 23.0M | 33.4M | 34.1M | 39.2M | 24.0M | |
Other Liab | 53.4M | 37.9M | 35.7M | 41.1M | 37.0M | 41.0M | |
Net Tangible Assets | 539.3M | 506.3M | 488.8M | 517.4M | 595.0M | 506.4M | |
Long Term Debt | 236.3M | 230.5M | 187.9M | 118.0M | 90.9M | 162.5M | |
Short Long Term Debt | 41.6M | 2.6M | 2.6M | 2.0M | 2.1M | 1.9M | |
Property Plant Equipment | 730.6M | 637.7M | 576.3M | 567.5M | 652.6M | 621.8M | |
Long Term Debt Total | 248.4M | 238.9M | 196.0M | 127.6M | 146.8M | 220.3M | |
Capital Surpluse | 7.5M | 5.0M | 5.8M | 3.6M | 3.2M | 4.6M | |
Capital Lease Obligations | 20.4M | 14.8M | 12.1M | 14.8M | 15.8M | 13.2M | |
Net Invested Capital | 821.2M | 743.4M | 683.4M | 641.5M | 623.2M | 597.9M | |
Cash And Equivalents | 19.9M | 23.0M | 33.4M | 34.1M | 39.2M | 29.7M |
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Balance Sheet is a snapshot of the financial position of Total Energy Services at a specified time, usually calculated after every quarter, six months, or one year. Total Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Total Energy 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 Total currently owns. An asset can also be divided into two categories, current and non-current.