Toronto Total Revenue vs Ebitda 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 Total Revenue and its Ebitda 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.

Total Revenue vs Ebitda

Total Revenue vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toronto Dominion Bank Total Revenue account and Ebitda. At this time, the significance of the direction appears to have weak relationship.
The correlation between Toronto Dominion's Total Revenue and Ebitda is 0.36. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Ebitda 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 Total Revenue and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Toronto Dominion Bank are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Total Revenue i.e., Toronto Dominion's Total Revenue and Ebitda go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Revenue

Total revenue comprises all receipts Toronto Dominion Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Ebitda

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 24th 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 Expense13.7B50.7B58.3B61.3B
Depreciation And Amortization1.8B1.9B2.2B1.2B

Toronto Dominion fundamental ratios Correlations

0.890.921.00.970.720.990.960.80.970.360.990.780.620.74-0.631.00.950.740.930.930.75-0.890.860.470.82
0.890.90.880.880.920.930.850.720.910.720.870.630.350.69-0.360.890.960.570.940.910.85-0.840.630.420.61
0.920.90.920.850.810.950.930.650.910.470.920.610.410.84-0.420.920.890.580.980.910.85-0.970.740.480.66
1.00.880.920.950.710.990.960.780.970.340.990.770.630.74-0.641.00.930.730.930.920.73-0.890.870.490.83
0.970.880.850.950.660.940.920.90.940.40.940.860.560.65-0.590.970.970.810.870.90.7-0.820.780.350.78
0.720.920.810.710.660.790.70.440.790.80.710.280.270.69-0.30.720.810.240.880.810.86-0.730.480.530.47
0.990.930.950.990.940.790.950.790.980.470.970.750.520.78-0.550.990.960.710.960.940.82-0.920.810.440.77
0.960.850.930.960.920.70.950.760.950.340.960.710.560.76-0.580.960.910.690.920.960.79-0.90.820.510.76
0.80.720.650.780.90.440.790.760.790.40.720.920.340.54-0.410.80.860.890.630.760.61-0.660.60.020.61
0.970.910.910.970.940.790.980.950.790.480.950.690.580.83-0.640.970.960.670.930.940.85-0.880.80.460.79
0.360.720.470.340.40.80.470.340.40.480.30.2-0.180.40.110.360.60.150.510.510.73-0.420.030.050.07
0.990.870.920.990.940.710.970.960.720.950.30.730.650.72-0.640.990.910.690.940.910.7-0.890.870.540.83
0.780.630.610.770.860.280.750.710.920.690.20.730.370.39-0.370.780.760.950.580.660.41-0.640.64-0.010.62
0.620.350.410.630.560.270.520.560.340.58-0.180.650.370.36-0.890.620.460.460.490.450.19-0.40.830.690.91
0.740.690.840.740.650.690.780.760.540.830.40.720.390.36-0.450.740.710.420.790.740.84-0.860.630.360.57
-0.63-0.36-0.42-0.64-0.59-0.3-0.55-0.58-0.41-0.640.11-0.64-0.37-0.89-0.45-0.63-0.51-0.41-0.5-0.47-0.310.42-0.7-0.48-0.82
1.00.890.921.00.970.720.990.960.80.970.360.990.780.620.74-0.630.950.740.930.930.75-0.890.860.470.82
0.950.960.890.930.970.810.960.910.860.960.60.910.760.460.71-0.510.950.710.910.940.83-0.840.710.360.71
0.740.570.580.730.810.240.710.690.890.670.150.690.950.460.42-0.410.740.710.530.630.4-0.660.730.070.72
0.930.940.980.930.870.880.960.920.630.930.510.940.580.490.79-0.50.930.910.530.910.83-0.930.750.560.7
0.930.910.910.920.90.810.940.960.760.940.510.910.660.450.74-0.470.930.940.630.910.85-0.860.750.520.68
0.750.850.850.730.70.860.820.790.610.850.730.70.410.190.84-0.310.750.830.40.830.85-0.810.480.290.45
-0.89-0.84-0.97-0.89-0.82-0.73-0.92-0.9-0.66-0.88-0.42-0.89-0.64-0.4-0.860.42-0.89-0.84-0.66-0.93-0.86-0.81-0.77-0.4-0.69
0.860.630.740.870.780.480.810.820.60.80.030.870.640.830.63-0.70.860.710.730.750.750.48-0.770.670.95
0.470.420.480.490.350.530.440.510.020.460.050.54-0.010.690.36-0.480.470.360.070.560.520.29-0.40.670.62
0.820.610.660.830.780.470.770.760.610.790.070.830.620.910.57-0.820.820.710.720.70.680.45-0.690.950.62
Click cells to compare fundamentals

Toronto Dominion Account Relationship Matchups

Toronto Dominion fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7T1.7T1.9T2.0T2.3T2.4T
Short Long Term Debt Total144.0B256.8B374.0B411.4B473.1B496.8B
Total Current Liabilities156.7B166.3B248.1B298.4B343.1B360.3B
Total Stockholder Equity95.5B99.8B111.4B112.1B128.9B135.4B
Property Plant And Equipment Net10.1B9.2B9.4B9.4B10.8B11.4B
Net Debt(129.6B)90.9B228.2B306.4B352.3B369.9B
Retained Earnings53.8B63.9B73.7B73.0B84.0B88.2B
Accounts Payable35.1B37.2B32.1B43.7B50.3B52.8B
Cash170.6B165.9B145.9B105.1B120.8B126.9B
Non Current Assets Total385.8B531.9B592.2B562.1B646.4B678.7B
Non Currrent Assets Other(385.8B)(2.3B)(2.2B)(4.0B)(3.6B)(3.7B)
Other Assets1.0T941.8B1.1T1.2T1.4T1.5T
Cash And Short Term Investments273.9B209.5B179.7B138.2B159.0B166.9B
Common Stock Shares Outstanding1.8B1.8B1.8B1.8B2.1B1.8B
Liabilities And Stockholders Equity1.7T1.7T1.9T2.0T2.3T2.4T
Non Current Liabilities Total41.2B127.9B248.1B157.0B180.5B189.5B
Other Stockholder Equity160M11M81M26M23.4M22.2M
Total Liab1.6T1.6T1.8T1.8T2.1T2.2T
Property Plant And Equipment Gross10.1B12.7B13.2B13.4B15.4B16.2B
Total Current Assets307.8B255.1B220.0B192.9B221.8B118.9B
Short Term Debt121.5B129.1B216.0B254.7B292.9B307.5B
Net Receivables34.0B45.6B40.3B54.6B62.8B66.0B
Other Current Assets22.8B585.0B592.1B598.5B688.2B722.7B
Other Current Liab(156.7B)(166.3B)(248.1B)(298.4B)(268.5B)(255.1B)
Accumulated Other Comprehensive Income13.4B7.1B2.0B2.8B3.2B4.3B
Good Will17.1B16.2B17.7B18.6B21.4B16.3B
Intangible Assets2.1B2.1B2.3B2.8B3.2B2.7B
Common Stock22.5B23.1B24.4B25.4B29.2B20.5B
Short Term Investments103.3B43.6B33.8B33.2B38.2B63.4B
Other Liab16.9B18.7B15.3B22.6B26.0B17.9B
Net Tangible Assets62.4B70.6B77.5B85.8B98.7B64.8B
Long Term Debt16.4B51.6B53.9B178.9B205.7B216.0B
Inventory77M(585.0B)(592.1B)(598.5B)(538.6B)(511.7B)
Long Term Investments504.7B504.3B562.9B531.3B611.0B421.6B
Short Long Term Debt103.2B129.1B216.0B217.9B250.6B127.8B
Property Plant Equipment5.5B10.1B9.2B9.4B10.8B7.4B
Long Term Debt Total10.7B22.4B57.1B59.2B68.1B71.5B
Capital Surpluse157M121M173M179M161.1M145.4M

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

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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 CorrelationCorrelation 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:
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.