Tourmaline Oil Corp. Asset Resilience Ratio
Tourmaline Oil Corp. asset resilience ratio. Tourmaline Oil Corp. (TOU) has an Asset Resilience Ratio of 0.39% as of September 2023. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See Tourmaline Oil Corp. liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Tourmaline Oil Corp. (2009–2021)
Asset resilience ratio of Tourmaline Oil Corp. from 2009 to 2021. This chart shows how Tourmaline Oil Corp.'s Asset Resilience Ratio has changed over time. Read Tourmaline Oil Corp. debt and liabilities for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Tourmaline Oil Corp.'s liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see TOU total assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$70.02 Million | 0.39% |
| Short-term Investments | CA$0.00 | 0% |
| Total Liquid Assets | CA$70.02 Million | 0.39% |
Asset Resilience Insights
- Limited Liquidity: Tourmaline Oil Corp. maintains only 0.39% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company primarily holds liquidity in cash and equivalents rather than short-term investments.
Tourmaline Oil Corp. Industry Peers by Asset Resilience Ratio
Compare Tourmaline Oil Corp.'s asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Diamondback Energy Inc
NASDAQ:FANG |
Oil & Gas E&P | 0.45% |
|
Var Energi ASA
OL:VAR |
Oil & Gas E&P | 2.67% |
|
ARC Resources Ltd.
TO:ARX |
Oil & Gas E&P | 6.70% |
|
California Resources Corp
NYSE:CRC |
Oil & Gas E&P | 59.90% |
|
International Petroleum Corp
TO:IPCO |
Oil & Gas E&P | 1.08% |
|
Vista Energy S.A.B. de C.V.
BA:VIST |
Oil & Gas E&P | 5.26% |
|
Northern Oil & Gas Inc
NYSE:NOG |
Oil & Gas E&P | 0.26% |
|
Vermilion Energy Inc.
TO:VET |
Oil & Gas E&P | 0.06% |
Tourmaline Oil Corp. Asset Resilience Ratio by Year (2009–2021)
Tourmaline Oil Corp. asset resilience ratio by year from 2009 to 2021. The table below shows the annual Asset Resilience Ratio data for Tourmaline Oil Corp..
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2021-12-31 | 0.00% | CA$0.00 ≈ $0.00 |
CA$16.16 Billion ≈ $11.69 Billion |
-- |
| 2020-12-31 | 1.60% | CA$220.17 Million ≈ $159.27 Million |
CA$13.73 Billion ≈ $9.93 Billion |
+1.50pp |
| 2019-12-31 | 0.10% | CA$12.13 Million ≈ $8.77 Million |
CA$11.61 Billion ≈ $8.40 Billion |
-0.22pp |
| 2018-12-31 | 0.33% | CA$35.29 Million ≈ $25.53 Million |
CA$10.73 Billion ≈ $7.76 Billion |
+0.16pp |
| 2017-12-31 | 0.17% | CA$17.34 Million ≈ $12.54 Million |
CA$10.18 Billion ≈ $7.37 Billion |
+0.16pp |
| 2016-12-31 | 0.01% | CA$895.00K ≈ $647.43K |
CA$9.36 Billion ≈ $6.77 Billion |
-0.51pp |
| 2015-12-31 | 0.52% | CA$39.68 Million ≈ $28.70 Million |
CA$7.64 Billion ≈ $5.53 Billion |
0.00pp |
| 2014-12-31 | 0.52% | CA$35.57 Million ≈ $25.73 Million |
CA$6.81 Billion ≈ $4.92 Billion |
+0.52pp |
| 2013-12-31 | 0.00% | CA$166.00K ≈ $120.08K |
CA$4.85 Billion ≈ $3.51 Billion |
-0.13pp |
| 2012-12-31 | 0.13% | CA$4.81 Million ≈ $3.48 Million |
CA$3.68 Billion ≈ $2.66 Billion |
+0.12pp |
| 2011-12-31 | 0.01% | CA$276.00K ≈ $199.65K |
CA$2.77 Billion ≈ $2.00 Billion |
-0.80pp |
| 2010-12-31 | 0.81% | CA$14.41 Million ≈ $10.43 Million |
CA$1.79 Billion ≈ $1.29 Billion |
+0.77pp |
| 2009-12-31 | 0.03% | CA$324.00K ≈ $234.38K |
CA$1.00 Billion ≈ $726.19 Million |
-- |
About Tourmaline Oil Corp.
Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp. was incorporated in 2008 and is headquartered… Read more