Toronto Free Cash Flow Yield vs Capex To Depreciation Analysis

TD Stock

CAD 78.51 0.40 0.51%

Toronto Dominion financial indicator trend analysis is much more than just breaking down Toronto Dominion Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toronto Dominion Bank is a good investment. Please check the relationship between Toronto Dominion Free Cash Flow Yield and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. 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.

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toronto Dominion Bank Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Toronto Dominion's Free Cash Flow Yield and Capex To Depreciation is -0.14. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Toronto Dominion Bank, assuming nothing else is changed. The correlation between historical values of Toronto Dominion's Free Cash Flow Yield and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Toronto Dominion Bank are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Toronto Dominion's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Toronto Dominion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toronto Dominion Bank 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 Toronto Dominion Bank. 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.

At this time, Toronto Dominion's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Issuance Of Capital Stock is likely to grow to about 12.3 B, while Tax Provision is likely to drop about 2.9 B.

	2021	2022	2023	2024 (projected)
Interest Expense	13.7B	50.7B	58.3B	61.3B
Depreciation And Amortization	1.8B	1.9B	2.2B	1.2B

Interest Expense Depreciation And Amortization

Toronto Dominion fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Other Current Assets	Other Current Liab	Good Will	Intangible Assets	Common Stock
Total Assets		0.89	0.92	1.0	0.97	0.72	0.99	0.96	0.8	0.97	0.36	0.99	0.78	0.62	0.74	-0.63	1.0	0.95	0.74	0.93	0.93	0.75	-0.89	0.86	0.47	0.82
Short Long Term Debt Total	0.89		0.9	0.88	0.88	0.92	0.93	0.85	0.72	0.91	0.72	0.87	0.63	0.35	0.69	-0.36	0.89	0.96	0.57	0.94	0.91	0.85	-0.84	0.63	0.42	0.61
Total Current Liabilities	0.92	0.9		0.92	0.85	0.81	0.95	0.93	0.65	0.91	0.47	0.92	0.61	0.41	0.84	-0.42	0.92	0.89	0.58	0.98	0.91	0.85	-0.97	0.74	0.48	0.66
Total Stockholder Equity	1.0	0.88	0.92		0.95	0.71	0.99	0.96	0.78	0.97	0.34	0.99	0.77	0.63	0.74	-0.64	1.0	0.93	0.73	0.93	0.92	0.73	-0.89	0.87	0.49	0.83
Property Plant And Equipment Net	0.97	0.88	0.85	0.95		0.66	0.94	0.92	0.9	0.94	0.4	0.94	0.86	0.56	0.65	-0.59	0.97	0.97	0.81	0.87	0.9	0.7	-0.82	0.78	0.35	0.78
Net Debt	0.72	0.92	0.81	0.71	0.66		0.79	0.7	0.44	0.79	0.8	0.71	0.28	0.27	0.69	-0.3	0.72	0.81	0.24	0.88	0.81	0.86	-0.73	0.48	0.53	0.47
Retained Earnings	0.99	0.93	0.95	0.99	0.94	0.79		0.95	0.79	0.98	0.47	0.97	0.75	0.52	0.78	-0.55	0.99	0.96	0.71	0.96	0.94	0.82	-0.92	0.81	0.44	0.77
Accounts Payable	0.96	0.85	0.93	0.96	0.92	0.7	0.95		0.76	0.95	0.34	0.96	0.71	0.56	0.76	-0.58	0.96	0.91	0.69	0.92	0.96	0.79	-0.9	0.82	0.51	0.76
Cash	0.8	0.72	0.65	0.78	0.9	0.44	0.79	0.76		0.79	0.4	0.72	0.92	0.34	0.54	-0.41	0.8	0.86	0.89	0.63	0.76	0.61	-0.66	0.6	0.02	0.61
Non Current Assets Total	0.97	0.91	0.91	0.97	0.94	0.79	0.98	0.95	0.79		0.48	0.95	0.69	0.58	0.83	-0.64	0.97	0.96	0.67	0.93	0.94	0.85	-0.88	0.8	0.46	0.79
Non Currrent Assets Other	0.36	0.72	0.47	0.34	0.4	0.8	0.47	0.34	0.4	0.48		0.3	0.2	-0.18	0.4	0.11	0.36	0.6	0.15	0.51	0.51	0.73	-0.42	0.03	0.05	0.07
Other Assets	0.99	0.87	0.92	0.99	0.94	0.71	0.97	0.96	0.72	0.95	0.3		0.73	0.65	0.72	-0.64	0.99	0.91	0.69	0.94	0.91	0.7	-0.89	0.87	0.54	0.83
Cash And Short Term Investments	0.78	0.63	0.61	0.77	0.86	0.28	0.75	0.71	0.92	0.69	0.2	0.73		0.37	0.39	-0.37	0.78	0.76	0.95	0.58	0.66	0.41	-0.64	0.64	-0.01	0.62
Common Stock Shares Outstanding	0.62	0.35	0.41	0.63	0.56	0.27	0.52	0.56	0.34	0.58	-0.18	0.65	0.37		0.36	-0.89	0.62	0.46	0.46	0.49	0.45	0.19	-0.4	0.83	0.69	0.91
Non Current Liabilities Total	0.74	0.69	0.84	0.74	0.65	0.69	0.78	0.76	0.54	0.83	0.4	0.72	0.39	0.36		-0.45	0.74	0.71	0.42	0.79	0.74	0.84	-0.86	0.63	0.36	0.57
Other Stockholder Equity	-0.63	-0.36	-0.42	-0.64	-0.59	-0.3	-0.55	-0.58	-0.41	-0.64	0.11	-0.64	-0.37	-0.89	-0.45		-0.63	-0.51	-0.41	-0.5	-0.47	-0.31	0.42	-0.7	-0.48	-0.82
Total Liab	1.0	0.89	0.92	1.0	0.97	0.72	0.99	0.96	0.8	0.97	0.36	0.99	0.78	0.62	0.74	-0.63		0.95	0.74	0.93	0.93	0.75	-0.89	0.86	0.47	0.82
Property Plant And Equipment Gross	0.95	0.96	0.89	0.93	0.97	0.81	0.96	0.91	0.86	0.96	0.6	0.91	0.76	0.46	0.71	-0.51	0.95		0.71	0.91	0.94	0.83	-0.84	0.71	0.36	0.71
Total Current Assets	0.74	0.57	0.58	0.73	0.81	0.24	0.71	0.69	0.89	0.67	0.15	0.69	0.95	0.46	0.42	-0.41	0.74	0.71		0.53	0.63	0.4	-0.66	0.73	0.07	0.72
Short Term Debt	0.93	0.94	0.98	0.93	0.87	0.88	0.96	0.92	0.63	0.93	0.51	0.94	0.58	0.49	0.79	-0.5	0.93	0.91	0.53		0.91	0.83	-0.93	0.75	0.56	0.7
Net Receivables	0.93	0.91	0.91	0.92	0.9	0.81	0.94	0.96	0.76	0.94	0.51	0.91	0.66	0.45	0.74	-0.47	0.93	0.94	0.63	0.91		0.85	-0.86	0.75	0.52	0.68
Other Current Assets	0.75	0.85	0.85	0.73	0.7	0.86	0.82	0.79	0.61	0.85	0.73	0.7	0.41	0.19	0.84	-0.31	0.75	0.83	0.4	0.83	0.85		-0.81	0.48	0.29	0.45
Other Current Liab	-0.89	-0.84	-0.97	-0.89	-0.82	-0.73	-0.92	-0.9	-0.66	-0.88	-0.42	-0.89	-0.64	-0.4	-0.86	0.42	-0.89	-0.84	-0.66	-0.93	-0.86	-0.81		-0.77	-0.4	-0.69
Good Will	0.86	0.63	0.74	0.87	0.78	0.48	0.81	0.82	0.6	0.8	0.03	0.87	0.64	0.83	0.63	-0.7	0.86	0.71	0.73	0.75	0.75	0.48	-0.77		0.67	0.95
Intangible Assets	0.47	0.42	0.48	0.49	0.35	0.53	0.44	0.51	0.02	0.46	0.05	0.54	-0.01	0.69	0.36	-0.48	0.47	0.36	0.07	0.56	0.52	0.29	-0.4	0.67		0.62
Common Stock	0.82	0.61	0.66	0.83	0.78	0.47	0.77	0.76	0.61	0.79	0.07	0.83	0.62	0.91	0.57	-0.82	0.82	0.71	0.72	0.7	0.68	0.45	-0.69	0.95	0.62

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Toronto Dominion Account Relationship Matchups

Toronto Dominion fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7T	1.7T	1.9T	2.0T	2.3T	2.4T
Short Long Term Debt Total	144.0B	256.8B	374.0B	411.4B	473.1B	496.8B
Total Current Liabilities	156.7B	166.3B	248.1B	298.4B	343.1B	360.3B
Total Stockholder Equity	95.5B	99.8B	111.4B	112.1B	128.9B	135.4B
Property Plant And Equipment Net	10.1B	9.2B	9.4B	9.4B	10.8B	11.4B
Net Debt	(129.6B)	90.9B	228.2B	306.4B	352.3B	369.9B
Retained Earnings	53.8B	63.9B	73.7B	73.0B	84.0B	88.2B
Accounts Payable	35.1B	37.2B	32.1B	43.7B	50.3B	52.8B
Cash	170.6B	165.9B	145.9B	105.1B	120.8B	126.9B
Non Current Assets Total	385.8B	531.9B	592.2B	562.1B	646.4B	678.7B
Non Currrent Assets Other	(385.8B)	(2.3B)	(2.2B)	(4.0B)	(3.6B)	(3.7B)
Other Assets	1.0T	941.8B	1.1T	1.2T	1.4T	1.5T
Cash And Short Term Investments	273.9B	209.5B	179.7B	138.2B	159.0B	166.9B
Common Stock Shares Outstanding	1.8B	1.8B	1.8B	1.8B	2.1B	1.8B
Liabilities And Stockholders Equity	1.7T	1.7T	1.9T	2.0T	2.3T	2.4T
Non Current Liabilities Total	41.2B	127.9B	248.1B	157.0B	180.5B	189.5B
Other Stockholder Equity	160M	11M	81M	26M	23.4M	22.2M
Total Liab	1.6T	1.6T	1.8T	1.8T	2.1T	2.2T
Property Plant And Equipment Gross	10.1B	12.7B	13.2B	13.4B	15.4B	16.2B
Total Current Assets	307.8B	255.1B	220.0B	192.9B	221.8B	118.9B
Short Term Debt	121.5B	129.1B	216.0B	254.7B	292.9B	307.5B
Net Receivables	34.0B	45.6B	40.3B	54.6B	62.8B	66.0B
Other Current Assets	22.8B	585.0B	592.1B	598.5B	688.2B	722.7B
Other Current Liab	(156.7B)	(166.3B)	(248.1B)	(298.4B)	(268.5B)	(255.1B)
Accumulated Other Comprehensive Income	13.4B	7.1B	2.0B	2.8B	3.2B	4.3B
Good Will	17.1B	16.2B	17.7B	18.6B	21.4B	16.3B
Intangible Assets	2.1B	2.1B	2.3B	2.8B	3.2B	2.7B
Common Stock	22.5B	23.1B	24.4B	25.4B	29.2B	20.5B
Short Term Investments	103.3B	43.6B	33.8B	33.2B	38.2B	63.4B
Other Liab	16.9B	18.7B	15.3B	22.6B	26.0B	17.9B
Net Tangible Assets	62.4B	70.6B	77.5B	85.8B	98.7B	64.8B
Long Term Debt	16.4B	51.6B	53.9B	178.9B	205.7B	216.0B
Inventory	77M	(585.0B)	(592.1B)	(598.5B)	(538.6B)	(511.7B)
Long Term Investments	504.7B	504.3B	562.9B	531.3B	611.0B	421.6B
Short Long Term Debt	103.2B	129.1B	216.0B	217.9B	250.6B	127.8B
Property Plant Equipment	5.5B	10.1B	9.2B	9.4B	10.8B	7.4B
Long Term Debt Total	10.7B	22.4B	57.1B	59.2B	68.1B	71.5B
Capital Surpluse	157M	121M	173M	179M	161.1M	145.4M

Pair Trading with Toronto Dominion

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

Moving against Toronto Stock

0.69	JPM	JPMorgan Chase	Pair Corr
0.57	BOFA	Bank of America	Pair Corr
0.44	GOOG	Alphabet CDR	Pair Corr
0.32	WMT	Walmart Inc CDR	Pair Corr

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

The correlation of Toronto Dominion 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 Toronto Dominion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toronto Dominion Bank 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 Toronto Dominion 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 Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:

How To Invest In Toronto

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Is Toronto Stock a good investment?

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What is Toronto Dominion's Net Worth?

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Largest Diversified Banks Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. 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.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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

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Toronto Free Cash Flow Yield vs Capex To Depreciation Analysis

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Capex To Depreciation

Toronto Dominion fundamental ratios Correlations

Toronto Dominion Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toronto Dominion fundamental ratios Accounts

Pair Trading with Toronto Dominion

Moving against Toronto Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity

Other Current Liab	- 0.97	Total Current Liabilities
Other Current Liab	- 0.93	Short Term Debt
Other Current Liab	- 0.92	Retained Earnings
Other Current Liab	- 0.9	Accounts Payable
Other Current Liab	- 0.89	Total Liab
Other Stockholder Equity	- 0.89	Common Stock Shares Outstanding