Trican Ebitda vs Tax Provision Analysis
TCW Stock | CAD 4.10 0.08 1.91% |
Trican Well financial indicator trend analysis is much more than just breaking down Trican Well Service prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trican Well Service is a good investment. Please check the relationship between Trican Well Ebitda and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trican Well Service. 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.
Ebitda vs Tax Provision
Ebitda vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trican Well Service Ebitda account and Tax Provision. At this time, the significance of the direction appears to have very week relationship.
The correlation between Trican Well's Ebitda and Tax Provision is 0.22. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Trican Well Service, assuming nothing else is changed. The correlation between historical values of Trican Well's Ebitda and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Trican Well Service are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Ebitda i.e., Trican Well's Ebitda and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Ebitda
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from Trican Well's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trican Well Service 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 Trican Well Service. 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, Trican Well's Enterprise Value Multiple is very stable compared to the past year.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.0M | 2.6M | 2.6M | 2.5M | Depreciation And Amortization | 88.2M | 82.4M | 94.8M | 85.7M |
Trican Well fundamental ratios Correlations
Click cells to compare fundamentals
Trican Well Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trican Well fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 926.5M | 563.2M | 577.8M | 671.1M | 710.4M | 985.9M | |
Other Current Liab | 39.8M | 26.9M | 35.8M | 37.9M | 43.6M | 34.0M | |
Total Current Liabilities | 92.9M | 60.6M | 77.6M | 93.9M | 144.4M | 133.8M | |
Total Stockholder Equity | 741.1M | 492.3M | 489.4M | 504.7M | 517.1M | 628.7M | |
Property Plant And Equipment Net | 528.4M | 414.7M | 383.0M | 404.8M | 412.8M | 548.5M | |
Net Debt | 58.5M | (8.8M) | (19.2M) | (15.7M) | (18.1M) | (17.2M) | |
Retained Earnings | (335.3M) | (525.9M) | (492.2M) | (410.3M) | (319.4M) | (303.4M) | |
Accounts Payable | 48.7M | 30.3M | 39.3M | 53.0M | 50.4M | 78.4M | |
Cash | 7.2M | 22.6M | 29.5M | 58.1M | 88.8M | 44.4M | |
Non Current Assets Total | 693.8M | 440.8M | 396.5M | 407.9M | 412.8M | 659.1M | |
Cash And Short Term Investments | 7.2M | 22.6M | 29.5M | 58.1M | 66.8M | 43.5M | |
Net Receivables | 148.5M | 73.5M | 128.8M | 175.4M | 181.1M | 198.7M | |
Common Stock Shares Outstanding | 322.1M | 288.5M | 263.8M | 257.8M | 209.1M | 171.2M | |
Liabilities And Stockholders Equity | 926.5M | 563.2M | 577.8M | 671.1M | 771.8M | 992.6M | |
Inventory | 29.6M | 21.6M | 19.0M | 24.7M | 21.5M | 20.5M | |
Other Current Assets | 47.5M | 4.8M | 4.0M | 5.0M | 5.8M | 5.5M | |
Other Stockholder Equity | 87.7M | 89.4M | 87.8M | 85.8M | 98.7M | 135.9M | |
Total Liab | 185.4M | 70.9M | 88.4M | 166.5M | 193.4M | 356.3M | |
Property Plant And Equipment Gross | 528.4M | 414.7M | 1.1B | 1.0B | 1.0B | 622.1M | |
Total Current Assets | 232.7M | 122.5M | 181.3M | 263.3M | 297.6M | 326.8M | |
Accumulated Other Comprehensive Income | 36.2M | (1.1M) | (376K) | 804K | 924.6K | 970.8K | |
Short Long Term Debt Total | 65.7M | 13.8M | 10.3M | 42.4M | 48.7M | 46.3M | |
Non Currrent Assets Other | 216K | 836.3M | 693.8M | 2.1M | 2.4M | 2.3M | |
Non Current Liabilities Total | 92.5M | 10.3M | 10.9M | 72.6M | 48.9M | 46.5M | |
Short Term Debt | 4.5M | 3.5M | 2.4M | 3.0M | 3.4M | 3.3M | |
Intangible Assets | 34.4M | 24.0M | 13.5M | 3.0M | 3.5M | 3.3M | |
Common Stock Total Equity | 1.2B | 1.1B | 989.0M | 928.0M | 1.1B | 870.3M | |
Common Stock | 989.0M | 928.0M | 893.8M | 829.2M | 953.6M | 884.3M | |
Other Liab | 61.9M | 31.2M | 3.0M | 33.2M | 29.8M | 47.5M | |
Net Tangible Assets | 575.7M | 468.3M | 475.9M | 501.6M | 451.5M | 563.1M | |
Long Term Debt | 74.7M | 39.1M | 46.2M | 29.8M | 26.8M | 25.5M | |
Property Plant Equipment | 528.4M | 414.7M | 383.0M | 404.8M | 364.3M | 562.4M | |
Long Term Debt Total | 61.2M | 10.3M | 7.9M | 39.4M | 35.5M | 33.7M | |
Capital Surpluse | 87.7M | 89.4M | 87.8M | 85.8M | 98.7M | 90.6M | |
Capital Lease Obligations | 19.5M | 13.8M | 10.3M | 12.6M | 18.1M | 12.2M | |
Net Invested Capital | 787.3M | 492.3M | 489.4M | 534.5M | 517.1M | 569.6M | |
Net Working Capital | 139.8M | 61.8M | 103.8M | 169.4M | 153.2M | 139.0M |
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 Trican 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, Trican Well's short interest history, or implied volatility extrapolated from Trican Well options trading.
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trican Well Service. 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Trican Well's price analysis, check to measure Trican 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 Trican Well is operating at the current time. Most of Trican Well's value examination focuses on studying past and present price action to predict the probability of Trican 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 Trican Well's price. Additionally, you may evaluate how the addition of Trican Well to your portfolios can decrease your overall portfolio volatility.
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