Tucows Historical Balance Sheet

TC Stock

CAD 24.24 0.68 2.73%

Trend analysis of Tucows Inc balance sheet accounts such as Property Plant And Equipment Net of 385.5 M, Net Debt of 499.4 M, Accounts Payable of 13.3 M or Cash of 97.3 M provides information on Tucows' total assets, liabilities, and equity, which is the actual value of Tucows Inc to its prevalent stockholders. By breaking down trends over time using Tucows balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Tucows Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Tucows Inc is a good buy for the upcoming year.

Tucows Inventory

3.53 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Tucows Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Tucows Inc at a specified time, usually calculated after every quarter, six months, or one year. Tucows Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tucows 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 Tucows currently owns. An asset can also be divided into two categories, current and non-current.

Tucows Balance Sheet Chart

At this time, Tucows' Cash is very stable compared to the past year. As of the 27th of November 2024, Non Current Assets Total is likely to grow to about 583.5 M, while Total Stockholder Equity is likely to drop about 9.4 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Net Debt Retained Earnings

Add Fundamental

Total Assets

Total assets refers to the total amount of Tucows assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Tucows Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Tucows balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tucows Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most accounts from Tucows' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Tucows Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	160.4M	164.1M	183.3M	192.4M
Total Assets	539.6M	664.7M	798.4M	838.3M

Other Current Liab Total Assets

Tucows balance sheet Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Short Term Investments	Current Deferred Revenue	Common Stock Total Equity	Inventory
Total Assets		0.82	0.92	0.23	0.96	0.95	0.16	0.92	0.77	1.0	0.88	0.77	0.97	0.24	0.88	-0.53	0.99	0.95	0.97	0.93	0.97	0.08	-0.36	0.91	-0.14	0.82
Other Current Liab	0.82		0.85	0.26	0.75	0.74	0.25	0.83	0.55	0.81	0.79	0.55	0.85	0.21	0.83	-0.63	0.8	0.75	0.83	0.72	0.75	0.39	-0.39	0.82	-0.16	0.65
Total Current Liabilities	0.92	0.85		0.42	0.78	0.78	0.41	0.87	0.56	0.9	0.96	0.56	0.94	0.38	0.99	-0.75	0.88	0.77	0.94	0.76	0.8	0.36	-0.55	0.99	-0.33	0.75
Total Stockholder Equity	0.23	0.26	0.42		0.07	-0.05	0.97	0.33	-0.42	0.26	0.22	-0.42	0.33	-0.03	0.51	-0.58	0.1	0.07	0.14	-0.11	-0.01	0.13	-0.16	0.44	0.04	0.3
Property Plant And Equipment Net	0.96	0.75	0.78	0.07		0.97	-0.03	0.89	0.82	0.97	0.75	0.82	0.91	0.16	0.73	-0.34	0.97	1.0	0.9	0.96	0.99	-0.1	-0.24	0.77	-0.03	0.8
Net Debt	0.95	0.74	0.78	-0.05	0.97		-0.13	0.82	0.91	0.94	0.79	0.91	0.86	0.19	0.72	-0.32	0.98	0.97	0.93	1.0	0.99	-0.04	-0.25	0.77	-0.07	0.73
Retained Earnings	0.16	0.25	0.41	0.97	-0.03	-0.13		0.27	-0.45	0.18	0.23	-0.45	0.29	0.01	0.5	-0.7	0.03	-0.04	0.11	-0.18	-0.09	0.23	-0.24	0.44	-0.05	0.23
Accounts Payable	0.92	0.83	0.87	0.33	0.89	0.82	0.27		0.61	0.93	0.79	0.61	0.96	0.18	0.83	-0.58	0.9	0.9	0.87	0.8	0.86	0.19	-0.34	0.83	-0.1	0.9
Cash	0.77	0.55	0.56	-0.42	0.82	0.91	-0.45	0.61		0.74	0.64	1.0	0.65	0.11	0.47	-0.11	0.84	0.81	0.81	0.93	0.89	-0.02	-0.12	0.56	-0.03	0.57
Non Current Assets Total	1.0	0.81	0.9	0.26	0.97	0.94	0.18	0.93	0.74		0.85	0.74	0.96	0.22	0.87	-0.51	0.98	0.96	0.95	0.92	0.96	0.04	-0.34	0.9	-0.11	0.83
Non Currrent Assets Other	0.88	0.79	0.96	0.22	0.75	0.79	0.23	0.79	0.64	0.85		0.64	0.88	0.53	0.94	-0.66	0.87	0.73	0.94	0.77	0.8	0.4	-0.65	0.95	-0.48	0.66
Cash And Short Term Investments	0.77	0.55	0.56	-0.42	0.82	0.91	-0.45	0.61	1.0	0.74	0.64		0.65	0.11	0.47	-0.11	0.84	0.81	0.81	0.93	0.89	-0.02	-0.12	0.56	-0.03	0.57
Net Receivables	0.97	0.85	0.94	0.33	0.91	0.86	0.29	0.96	0.65	0.96	0.88	0.65		0.3	0.91	-0.66	0.94	0.9	0.94	0.84	0.9	0.14	-0.46	0.92	-0.22	0.83
Common Stock Shares Outstanding	0.24	0.21	0.38	-0.03	0.16	0.19	0.01	0.18	0.11	0.22	0.53	0.11	0.3		0.37	-0.35	0.25	0.16	0.3	0.18	0.2	0.11	-0.93	0.33	-0.97	-0.08
Other Current Assets	0.88	0.83	0.99	0.51	0.73	0.72	0.5	0.83	0.47	0.87	0.94	0.47	0.91	0.37		-0.78	0.83	0.71	0.9	0.69	0.74	0.35	-0.55	0.99	-0.32	0.7
Other Stockholder Equity	-0.53	-0.63	-0.75	-0.58	-0.34	-0.32	-0.7	-0.58	-0.11	-0.51	-0.66	-0.11	-0.66	-0.35	-0.78		-0.46	-0.33	-0.58	-0.29	-0.35	-0.35	0.62	-0.74	0.41	-0.41
Total Liab	0.99	0.8	0.88	0.1	0.97	0.98	0.03	0.9	0.84	0.98	0.87	0.84	0.94	0.25	0.83	-0.46		0.96	0.98	0.97	0.99	0.06	-0.35	0.87	-0.14	0.8
Property Plant And Equipment Gross	0.95	0.75	0.77	0.07	1.0	0.97	-0.04	0.9	0.81	0.96	0.73	0.81	0.9	0.16	0.71	-0.33	0.96		0.89	0.95	0.98	-0.1	-0.23	0.75	-0.03	0.81
Total Current Assets	0.97	0.83	0.94	0.14	0.9	0.93	0.11	0.87	0.81	0.95	0.94	0.81	0.94	0.3	0.9	-0.58	0.98	0.89		0.93	0.94	0.21	-0.42	0.93	-0.22	0.76
Short Long Term Debt Total	0.93	0.72	0.76	-0.11	0.96	1.0	-0.18	0.8	0.93	0.92	0.77	0.93	0.84	0.18	0.69	-0.29	0.97	0.95	0.93		0.99	-0.04	-0.23	0.75	-0.07	0.72
Non Current Liabilities Total	0.97	0.75	0.8	-0.01	0.99	0.99	-0.09	0.86	0.89	0.96	0.8	0.89	0.9	0.2	0.74	-0.35	0.99	0.98	0.94	0.99		-0.03	-0.27	0.79	-0.08	0.78
Short Term Debt	0.08	0.39	0.36	0.13	-0.1	-0.04	0.23	0.19	-0.02	0.04	0.4	-0.02	0.14	0.11	0.35	-0.35	0.06	-0.1	0.21	-0.04	-0.03		-0.24	0.33	-0.23	0.2
Short Term Investments	-0.36	-0.39	-0.55	-0.16	-0.24	-0.25	-0.24	-0.34	-0.12	-0.34	-0.65	-0.12	-0.46	-0.93	-0.55	0.62	-0.35	-0.23	-0.42	-0.23	-0.27	-0.24		-0.5	0.95	-0.09
Current Deferred Revenue	0.91	0.82	0.99	0.44	0.77	0.77	0.44	0.83	0.56	0.9	0.95	0.56	0.92	0.33	0.99	-0.74	0.87	0.75	0.93	0.75	0.79	0.33	-0.5		-0.27	0.72
Common Stock Total Equity	-0.14	-0.16	-0.33	0.04	-0.03	-0.07	-0.05	-0.1	-0.03	-0.11	-0.48	-0.03	-0.22	-0.97	-0.32	0.41	-0.14	-0.03	-0.22	-0.07	-0.08	-0.23	0.95	-0.27		0.14
Inventory	0.82	0.65	0.75	0.3	0.8	0.73	0.23	0.9	0.57	0.83	0.66	0.57	0.83	-0.08	0.7	-0.41	0.8	0.81	0.76	0.72	0.78	0.2	-0.09	0.72	0.14

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Tucows Account Relationship Matchups

Tucows balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	425.9M	451.9M	539.6M	664.7M	798.4M	838.3M
Other Current Liab	10.3M	153.9M	160.4M	164.1M	183.3M	192.4M
Total Current Liabilities	156.9M	163.0M	173.7M	188.2M	201.3M	211.4M
Total Stockholder Equity	94.2M	104.7M	115.1M	96.7M	9.9M	9.4M
Property Plant And Equipment Net	93.5M	128.8M	190.2M	302.0M	367.1M	385.5M
Net Debt	103.9M	124.4M	196.6M	232.5M	475.6M	499.4M
Retained Earnings	76.2M	80.1M	83.5M	55.9M	(40.3M)	(38.3M)
Accounts Payable	6.7M	6.3M	10.0M	17.2M	12.7M	13.3M
Cash	20.4M	8.3M	9.1M	23.5M	92.7M	97.3M
Non Current Assets Total	280.2M	310.7M	392.6M	494.8M	555.7M	583.5M
Non Currrent Assets Other	19.3M	18.0M	19.6M	20.6M	26.7M	28.0M
Cash And Short Term Investments	20.4M	8.3M	9.1M	23.5M	92.7M	97.3M
Net Receivables	14.6M	15.5M	18.8M	26.0M	23.6M	24.8M
Common Stock Shares Outstanding	10.8M	10.7M	10.8M	10.8M	10.9M	12.9M
Liabilities And Stockholders Equity	425.9M	451.9M	539.6M	664.7M	798.4M	838.3M
Other Current Assets	107.3M	115.5M	119.3M	115.6M	119.7M	125.6M
Other Stockholder Equity	880K	1.5M	2.8M	8.1M	14.1M	13.4M
Total Liab	331.7M	347.2M	424.5M	568.1M	788.6M	828.0M
Property Plant And Equipment Gross	93.5M	128.8M	244.3M	380.0M	437.0M	458.9M
Total Current Assets	145.7M	141.2M	147.0M	169.9M	242.8M	254.9M
Accumulated Other Comprehensive Income	473K	2.3M	343K	784K	1.7M	1.8M
Short Long Term Debt Total	124.3M	132.7M	205.8M	256.0M	568.3M	596.7M
Non Current Liabilities Total	174.8M	184.2M	250.8M	379.9M	587.2M	616.6M
Short Term Debt	1.4M	1.9M	3.2M	4.6M	5.4M	3.5M
Current Deferred Revenue	137.2M	142.7M	141.1M	138.7M	159.5M	167.5M
Common Stock Total Equity	15.4M	15.8M	16.6M	20.8M	18.7M	13.2M
Inventory	3.5M	1.9M	3.3M	7.3M	6.8M	3.5M
Intangible Assets	57.7M	47.4M	50.4M	39.8M	29.5M	27.8M
Common Stock	16.6M	20.8M	28.5M	31.9M	34.4M	21.1M
Good Will	90.1M	109.8M	116.3M	130.4M	150.0M	157.5M
Other Liab	51.9M	53.3M	48.2M	38.1M	43.8M	41.4M
Net Tangible Assets	(73.3M)	(59.1M)	(65.7M)	(73.5M)	(66.2M)	(69.5M)
Other Assets	19.3M	18.2M	19.6M	20.6M	23.7M	21.0M
Property Plant Equipment	93.5M	128.8M	190.2M	302.0M	347.3M	364.6M
Long Term Debt	113.5M	121.7M	190.7M	238.9M	274.8M	288.5M
Deferred Long Term Liab	19.3M	18.0M	19.3M	18.3M	16.5M	15.3M
Capital Surpluse	2.2M	4.0M	880K	1.5M	1.3M	1.8M
Net Invested Capital	207.7M	226.4M	305.8M	335.6M	385.9M	248.8M

Pair Trading with Tucows

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 Tucows 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 Tucows will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tucows Stock

0.81

TGO

TeraGo Inc

Pair Corr

Moving against Tucows Stock

0.81	IMP	Intermap Technologies	Pair Corr
0.67	ETG	Entree Resources	Pair Corr

The ability to find closely correlated positions to Tucows could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tucows 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 Tucows - 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 Tucows Inc to buy it.

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

When determining whether Tucows Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tucows' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tucows Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tucows Inc Stock:

How To Invest In Tucows

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Is Tucows Stock a good investment?

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What is Tucows' Net Worth?

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You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Please note, there is a significant difference between Tucows' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tucows is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tucows' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Tucows Historical Balance Sheet

Tucows Inventory

3.53 Million

About Tucows Balance Sheet Analysis

Tucows Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Net Debt

Retained Earnings

Tucows balance sheet Correlations

Tucows Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tucows balance sheet Accounts

Pair Trading with Tucows

Moving together with Tucows Stock

Moving against Tucows Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Short Long Term Debt Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Current Liabilities

Common Stock Total Equity	- 0.97	Common Stock Shares Outstanding
Short Term Investments	- 0.93	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.78	Other Current Assets
Other Stockholder Equity	- 0.75	Total Current Liabilities
Current Deferred Revenue	- 0.74	Other Stockholder Equity
Other Stockholder Equity	- 0.7	Retained Earnings