Trican Net Debt vs Net Receivables Analysis

TCW Stock

CAD 4.99 0.16 3.31%

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 Net Debt and its Net Receivables 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trican Well Service Net Debt account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Trican Well's Net Debt and Net Receivables is 0.77. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables 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 Net Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Trican Well Service are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Trican Well's Net Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Net Receivables

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 closely tied 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	87.8M	80.2M	77.2M	85.2M

Interest Expense Depreciation And Amortization

Trican Well fundamental ratios 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Term Debt	Intangible Assets	Current Deferred Revenue	Common Stock Total Equity
Total Assets		-0.28	0.94	0.95	0.98	0.86	0.87	0.84	0.67	0.98	0.66	0.94	-0.23	0.93	0.73	0.32	0.95	0.78	0.95	0.89	0.44	0.92	0.52	0.42	0.72	-0.44
Other Current Liab	-0.28		-0.17	-0.24	-0.28	-0.5	-0.34	-0.18	0.14	-0.33	0.12	-0.16	0.15	-0.35	-0.38	-0.04	-0.29	0.07	-0.18	-0.43	-0.49	-0.42	-0.38	-0.41	-0.04	0.39
Total Current Liabilities	0.94	-0.17		0.83	0.92	0.86	0.84	0.85	0.71	0.88	0.7	0.94	-0.35	0.94	0.6	0.33	0.96	0.79	0.96	0.9	0.39	0.91	0.65	0.35	0.72	-0.51
Total Stockholder Equity	0.95	-0.24	0.83		0.93	0.69	0.77	0.82	0.58	0.96	0.56	0.87	0.01	0.78	0.8	0.38	0.8	0.75	0.86	0.71	0.35	0.77	0.35	0.52	0.59	-0.2
Property Plant And Equipment Net	0.98	-0.28	0.92	0.93		0.87	0.85	0.8	0.68	0.97	0.66	0.9	-0.21	0.94	0.7	0.29	0.94	0.81	0.93	0.9	0.42	0.92	0.56	0.4	0.73	-0.45
Net Debt	0.86	-0.5	0.86	0.69	0.87		0.82	0.61	0.52	0.84	0.53	0.77	-0.46	0.96	0.54	0.03	0.95	0.63	0.83	0.99	0.54	0.98	0.72	0.33	0.78	-0.69
Retained Earnings	0.87	-0.34	0.84	0.77	0.85	0.82		0.81	0.71	0.8	0.71	0.88	-0.59	0.89	0.61	0.37	0.88	0.63	0.9	0.85	0.54	0.88	0.43	0.13	0.53	-0.72
Accounts Payable	0.84	-0.18	0.85	0.82	0.8	0.61	0.81		0.73	0.76	0.72	0.94	-0.26	0.77	0.59	0.75	0.78	0.66	0.91	0.66	0.36	0.72	0.37	0.24	0.34	-0.44
Cash	0.67	0.14	0.71	0.58	0.68	0.52	0.71	0.73		0.54	0.98	0.79	-0.38	0.69	0.3	0.53	0.69	0.79	0.81	0.61	0.19	0.65	0.24	-0.24	0.38	-0.47
Non Current Assets Total	0.98	-0.33	0.88	0.96	0.97	0.84	0.8	0.76	0.54		0.54	0.86	-0.13	0.87	0.75	0.23	0.9	0.73	0.87	0.85	0.46	0.88	0.53	0.53	0.72	-0.34
Cash And Short Term Investments	0.66	0.12	0.7	0.56	0.66	0.53	0.71	0.72	0.98	0.54		0.78	-0.41	0.67	0.27	0.53	0.69	0.76	0.8	0.62	0.23	0.66	0.22	-0.31	0.38	-0.51
Net Receivables	0.94	-0.16	0.94	0.87	0.9	0.77	0.88	0.94	0.79	0.86	0.78		-0.31	0.89	0.65	0.5	0.91	0.8	0.99	0.82	0.35	0.87	0.39	0.24	0.62	-0.49
Common Stock Shares Outstanding	-0.23	0.15	-0.35	0.01	-0.21	-0.46	-0.59	-0.26	-0.38	-0.13	-0.41	-0.31		-0.44	0.08	-0.09	-0.45	-0.04	-0.37	-0.48	-0.45	-0.45	-0.34	0.42	-0.16	0.87
Inventory	0.93	-0.35	0.94	0.78	0.94	0.96	0.89	0.77	0.69	0.87	0.67	0.89	-0.44		0.59	0.22	0.98	0.76	0.94	0.98	0.49	0.98	0.67	0.31	0.75	-0.66
Other Current Assets	0.73	-0.38	0.6	0.8	0.7	0.54	0.61	0.59	0.3	0.75	0.27	0.65	0.08	0.59		0.25	0.59	0.46	0.63	0.54	-0.01	0.59	0.23	0.55	0.43	-0.12
Other Stockholder Equity	0.32	-0.04	0.33	0.38	0.29	0.03	0.37	0.75	0.53	0.23	0.53	0.5	-0.09	0.22	0.25		0.23	0.24	0.45	0.1	0.09	0.17	-0.01	-0.09	-0.31	-0.2
Total Liab	0.95	-0.29	0.96	0.8	0.94	0.95	0.88	0.78	0.69	0.9	0.69	0.91	-0.45	0.98	0.59	0.23		0.74	0.95	0.97	0.48	0.98	0.64	0.28	0.78	-0.64
Property Plant And Equipment Gross	0.78	0.07	0.79	0.75	0.81	0.63	0.63	0.66	0.79	0.73	0.76	0.8	-0.04	0.76	0.46	0.24	0.74		0.81	0.69	0.09	0.71	0.39	0.16	0.65	-0.24
Total Current Assets	0.95	-0.18	0.96	0.86	0.93	0.83	0.9	0.91	0.81	0.87	0.8	0.99	-0.37	0.94	0.63	0.45	0.95	0.81		0.88	0.37	0.92	0.48	0.21	0.66	-0.56
Short Long Term Debt Total	0.89	-0.43	0.9	0.71	0.9	0.99	0.85	0.66	0.61	0.85	0.62	0.82	-0.48	0.98	0.54	0.1	0.97	0.69	0.88		0.52	0.99	0.7	0.27	0.78	-0.7
Non Currrent Assets Other	0.44	-0.49	0.39	0.35	0.42	0.54	0.54	0.36	0.19	0.46	0.23	0.35	-0.45	0.49	-0.01	0.09	0.48	0.09	0.37	0.52		0.53	0.41	0.23	0.24	-0.49
Non Current Liabilities Total	0.92	-0.42	0.91	0.77	0.92	0.98	0.88	0.72	0.65	0.88	0.66	0.87	-0.45	0.98	0.59	0.17	0.98	0.71	0.92	0.99	0.53		0.63	0.28	0.77	-0.67
Short Term Debt	0.52	-0.38	0.65	0.35	0.56	0.72	0.43	0.37	0.24	0.53	0.22	0.39	-0.34	0.67	0.23	-0.01	0.64	0.39	0.48	0.7	0.41	0.63		0.4	0.43	-0.47
Intangible Assets	0.42	-0.41	0.35	0.52	0.4	0.33	0.13	0.24	-0.24	0.53	-0.31	0.24	0.42	0.31	0.55	-0.09	0.28	0.16	0.21	0.27	0.23	0.28	0.4		0.33	0.3
Current Deferred Revenue	0.72	-0.04	0.72	0.59	0.73	0.78	0.53	0.34	0.38	0.72	0.38	0.62	-0.16	0.75	0.43	-0.31	0.78	0.65	0.66	0.78	0.24	0.77	0.43	0.33		-0.31
Common Stock Total Equity	-0.44	0.39	-0.51	-0.2	-0.45	-0.69	-0.72	-0.44	-0.47	-0.34	-0.51	-0.49	0.87	-0.66	-0.12	-0.2	-0.64	-0.24	-0.56	-0.7	-0.49	-0.67	-0.47	0.3	-0.31

Click cells to compare fundamentals

Trican Well Account Relationship Matchups

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	2.9M	26.9M	35.8M	37.9M	89.6M	94.1M
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)	(70.6M)	(67.1M)
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	88.8M	45.6M
Net Receivables	148.5M	73.5M	128.8M	175.4M	181.1M	198.7M
Common Stock Shares Outstanding	288.5M	263.8M	257.8M	246.7M	221.5M	170.3M
Liabilities And Stockholders Equity	926.5M	563.2M	577.8M	671.1M	710.4M	985.9M
Inventory	29.6M	21.6M	19.0M	24.7M	21.5M	20.5M
Other Current Assets	47.5M	4.8M	4.0M	5.0M	6.2M	5.9M
Other Stockholder Equity	87.7M	89.4M	87.8M	85.8M	83.3M	134.3M
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
Short Long Term Debt Total	65.7M	13.8M	10.3M	42.4M	18.1M	17.2M
Non Currrent Assets Other	(693.8M)	(36.5M)	(396.5M)	(407.9M)	(367.1M)	(348.7M)
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	4.4M	4.2M
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	753.1M	879.7M
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

Pair Trading with Trican Well

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

Moving against Trican Stock

0.5	ENS	E Split Corp	Pair Corr
0.42	ENB-PFV	Enbridge Pref 5	Pair Corr
0.34	ENB-PFU	Enbridge Pref L	Pair Corr

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

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

Other Information on Investing in Trican Stock

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

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

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Trican Net Debt vs Net Receivables Analysis

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Debt

Net Receivables

Trican Well fundamental ratios Correlations

Trican Well Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trican Well fundamental ratios Accounts

Pair Trading with Trican Well

Moving against Trican Stock

Other Information on Investing in Trican Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 0.99	Net Debt
Total Current Assets	+ 0.99	Net Receivables
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Net Debt

Common Stock Total Equity	- 0.72	Retained Earnings
Common Stock Total Equity	- 0.7	Short Long Term Debt Total
Common Stock Total Equity	- 0.69	Net Debt
Common Stock Total Equity	- 0.67	Non Current Liabilities Total
Common Stock Total Equity	- 0.66	Inventory
Common Stock Total Equity	- 0.64	Total Liab