Toronto Net Receivables vs Earning Assets Analysis

TD Stock

USD 56.16 0.26 0.47%

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 Net Receivables and its Earning Assets 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 unemployment.

Net Receivables vs Earning Assets

Net Receivables vs Earning Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toronto Dominion Bank Net Receivables account and Earning Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Toronto Dominion's Net Receivables and Earning Assets is 0.82. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Earning Assets 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 Net Receivables and Earning Assets 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 Receivables of Toronto Dominion Bank are associated (or correlated) with its Earning Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earning Assets has no effect on the direction of Net Receivables i.e., Toronto Dominion's Net Receivables and Earning Assets go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

Earning 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 unemployment.

At present, Toronto Dominion's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 27.59, whereas Tax Provision is forecasted to decline to 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	2.3B

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	Other Current Liab	Common Stock Total Equity	Common Stock	Net Receivables	Other Liab	Net Tangible Assets
Total Assets		0.92	0.92	1.0	0.97	0.72	0.99	0.85	0.8	0.77	-0.36	-0.38	0.78	0.62	0.73	-0.65	1.0	0.95	0.87	0.94	-0.73	0.39	0.91	0.93	-0.33	0.95
Short Long Term Debt Total	0.92		0.96	0.91	0.88	0.91	0.96	0.74	0.7	0.88	-0.42	-0.6	0.61	0.39	0.86	-0.41	0.92	0.95	0.72	0.96	-0.61	0.11	0.75	0.96	-0.34	0.9
Total Current Liabilities	0.92	0.96		0.92	0.85	0.81	0.95	0.8	0.65	0.84	-0.43	-0.54	0.61	0.41	0.83	-0.43	0.92	0.89	0.73	0.98	-0.75	0.17	0.75	0.94	-0.45	0.88
Total Stockholder Equity	1.0	0.91	0.92		0.95	0.71	0.99	0.84	0.78	0.76	-0.36	-0.36	0.77	0.63	0.71	-0.66	1.0	0.93	0.86	0.94	-0.73	0.42	0.92	0.91	-0.35	0.95
Property Plant And Equipment Net	0.97	0.88	0.85	0.95		0.66	0.94	0.81	0.9	0.73	-0.26	-0.36	0.86	0.56	0.69	-0.61	0.97	0.97	0.93	0.86	-0.62	0.29	0.86	0.9	-0.26	0.9
Net Debt	0.72	0.91	0.81	0.71	0.66		0.79	0.47	0.44	0.9	-0.53	-0.77	0.28	0.27	0.9	-0.25	0.72	0.81	0.41	0.81	-0.44	-0.07	0.58	0.82	-0.12	0.7
Retained Earnings	0.99	0.96	0.95	0.99	0.94	0.79		0.83	0.79	0.8	-0.34	-0.43	0.75	0.52	0.76	-0.56	0.99	0.96	0.84	0.97	-0.68	0.29	0.85	0.95	-0.37	0.96
Accounts Payable	0.85	0.74	0.8	0.84	0.81	0.47	0.83		0.75	0.54	-0.29	-0.17	0.73	0.58	0.51	-0.61	0.85	0.77	0.81	0.8	-0.71	0.52	0.74	0.81	-0.48	0.81
Cash	0.8	0.7	0.65	0.78	0.9	0.44	0.79	0.75		0.47	0.07	-0.11	0.92	0.34	0.41	-0.42	0.8	0.86	0.94	0.67	-0.31	0.15	0.62	0.76	-0.33	0.78
Non Current Assets Total	0.77	0.88	0.84	0.76	0.73	0.9	0.8	0.54	0.47		-0.69	-0.88	0.37	0.35	1.0	-0.31	0.77	0.82	0.5	0.81	-0.69	-0.02	0.66	0.87	-0.14	0.73
Non Currrent Assets Other	-0.36	-0.42	-0.43	-0.36	-0.26	-0.53	-0.34	-0.29	0.07	-0.69		0.71	0.2	-0.43	-0.71	0.35	-0.36	-0.3	0.05	-0.41	0.66	-0.19	-0.47	-0.45	-0.05	-0.27
Other Assets	-0.38	-0.6	-0.54	-0.36	-0.36	-0.77	-0.43	-0.17	-0.11	-0.88	0.71		0.01	-0.04	-0.91	-0.04	-0.38	-0.49	-0.1	-0.48	0.45	0.33	-0.27	-0.58	-0.03	-0.35
Cash And Short Term Investments	0.78	0.61	0.61	0.77	0.86	0.28	0.75	0.73	0.92	0.37	0.2	0.01		0.37	0.31	-0.44	0.78	0.76	0.98	0.64	-0.41	0.27	0.62	0.66	-0.38	0.76
Common Stock Shares Outstanding	0.62	0.39	0.41	0.63	0.56	0.27	0.52	0.58	0.34	0.35	-0.43	-0.04	0.37		0.31	-0.9	0.62	0.46	0.44	0.46	-0.6	0.88	0.85	0.43	0.12	0.48
Non Current Liabilities Total	0.73	0.86	0.83	0.71	0.69	0.9	0.76	0.51	0.41	1.0	-0.71	-0.91	0.31	0.31		-0.26	0.73	0.78	0.44	0.79	-0.68	-0.06	0.61	0.84	-0.14	0.68
Other Stockholder Equity	-0.65	-0.41	-0.43	-0.66	-0.61	-0.25	-0.56	-0.61	-0.42	-0.31	0.35	-0.04	-0.44	-0.9	-0.26		-0.65	-0.51	-0.51	-0.46	0.57	-0.82	-0.87	-0.45	-0.19	-0.52
Total Liab	1.0	0.92	0.92	1.0	0.97	0.72	0.99	0.85	0.8	0.77	-0.36	-0.38	0.78	0.62	0.73	-0.65		0.95	0.87	0.94	-0.73	0.39	0.91	0.93	-0.33	0.95
Property Plant And Equipment Gross	0.95	0.95	0.89	0.93	0.97	0.81	0.96	0.77	0.86	0.82	-0.3	-0.49	0.76	0.46	0.78	-0.51	0.95		0.85	0.89	-0.55	0.16	0.8	0.94	-0.25	0.9
Total Current Assets	0.87	0.72	0.73	0.86	0.93	0.41	0.84	0.81	0.94	0.5	0.05	-0.1	0.98	0.44	0.44	-0.51	0.87	0.85		0.74	-0.52	0.3	0.71	0.77	-0.41	0.84
Short Term Debt	0.94	0.96	0.98	0.94	0.86	0.81	0.97	0.8	0.67	0.81	-0.41	-0.48	0.64	0.46	0.79	-0.46	0.94	0.89	0.74		-0.73	0.24	0.79	0.94	-0.47	0.92
Other Current Liab	-0.73	-0.61	-0.75	-0.73	-0.62	-0.44	-0.68	-0.71	-0.31	-0.69	0.66	0.45	-0.41	-0.6	-0.68	0.57	-0.73	-0.55	-0.52	-0.73		-0.48	-0.74	-0.67	0.33	-0.64
Common Stock Total Equity	0.39	0.11	0.17	0.42	0.29	-0.07	0.29	0.52	0.15	-0.02	-0.19	0.33	0.27	0.88	-0.06	-0.82	0.39	0.16	0.3	0.24	-0.48		0.63	0.14	0.02	0.3
Common Stock	0.91	0.75	0.75	0.92	0.86	0.58	0.85	0.74	0.62	0.66	-0.47	-0.27	0.62	0.85	0.61	-0.87	0.91	0.8	0.71	0.79	-0.74	0.63		0.77	-0.07	0.8
Net Receivables	0.93	0.96	0.94	0.91	0.9	0.82	0.95	0.81	0.76	0.87	-0.45	-0.58	0.66	0.43	0.84	-0.45	0.93	0.94	0.77	0.94	-0.67	0.14	0.77		-0.39	0.92
Other Liab	-0.33	-0.34	-0.45	-0.35	-0.26	-0.12	-0.37	-0.48	-0.33	-0.14	-0.05	-0.03	-0.38	0.12	-0.14	-0.19	-0.33	-0.25	-0.41	-0.47	0.33	0.02	-0.07	-0.39		-0.4
Net Tangible Assets	0.95	0.9	0.88	0.95	0.9	0.7	0.96	0.81	0.78	0.73	-0.27	-0.35	0.76	0.48	0.68	-0.52	0.95	0.9	0.84	0.92	-0.64	0.3	0.8	0.92	-0.4

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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	401.8B	462.1B	485.2B
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	296.7B	341.3B	358.3B
Retained Earnings	53.8B	63.9B	73.7B	73.0B	84.0B	88.2B
Accounts Payable	35.1B	37.2B	32.1B	43.7B	39.3B	26.0B
Cash	170.6B	165.9B	145.9B	105.1B	120.8B	126.9B
Non Current Assets Total	385.8B	531.9B	592.2B	2.5T	2.9T	3.0T
Non Currrent Assets Other	(2.4B)	(2.3B)	(2.2B)	(562.1B)	(505.9B)	(480.6B)
Other Assets	1.0T	941.8B	1.1T	(717.4B)	(825.0B)	(783.8B)
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	1.8T	2.1T	2.2T
Other Stockholder Equity	80M	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	232.9B
Short Term Debt	121.5B	129.1B	216.0B	217.9B	250.6B	263.1B
Other Current Liab	(156.7B)	(82M)	(151M)	(261.8B)	(235.6B)	(223.8B)
Common Stock	22.5B	23.1B	24.4B	25.4B	29.2B	30.7B
Accumulated Other Comprehensive Income	13.4B	7.1B	2.0B	2.8B	3.2B	3.1B
Net Receivables	34.0B	45.6B	40.3B	54.6B	62.8B	66.0B
Other Liab	18.7B	15.3B	22.6B	30.1B	27.1B	36.9B
Net Tangible Assets	70.6B	75.8B	85.8B	85.6B	98.4B	103.4B
Long Term Debt	16.4B	51.6B	53.9B	151.7B	174.5B	183.2B
Good Will	17.1B	16.2B	17.7B	18.6B	21.4B	12.5B
Short Term Investments	103.3B	43.6B	33.8B	33.2B	38.2B	54.9B
Inventory	(589.6B)	(585.0B)	(592.1B)	(598.5B)	(538.6B)	(511.7B)
Other Current Assets	589.6B	585.0B	592.1B	598.5B	688.2B	397.1B
Long Term Investments	504.7B	504.3B	562.9B	531.3B	611.0B	641.5B
Short Long Term Debt	103.2B	129.1B	216.0B	254.7B	292.9B	307.5B
Treasury Stock	(144M)	(41M)	(37M)	(152M)	(136.8M)	(130.0M)
Intangible Assets	2.1B	2.1B	2.3B	2.8B	2.5B	2.0B
Property Plant Equipment	10.1B	9.2B	9.4B	9.4B	10.8B	11.4B

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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 unemployment.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.20)

Dividend Share

4.02

Earnings Share

3.09

Revenue Per Share

29.497

Quarterly Revenue Growth

0.079

The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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 Net Receivables vs Earning Assets Analysis

Net Receivables vs Earning Assets

Net Receivables vs Earning Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Earning Assets

Toronto Dominion fundamental ratios Correlations

Toronto Dominion Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toronto Dominion fundamental ratios Accounts

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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
Non Current Liabilities Total	+ 1.0	Non Current Assets Total
Retained Earnings	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity

Non Current Liabilities Total	- 0.91	Other Assets
Other Stockholder Equity	- 0.9	Common Stock Shares Outstanding
Other Assets	- 0.88	Non Current Assets Total
Common Stock	- 0.87	Other Stockholder Equity
Common Stock Total Equity	- 0.82	Other Stockholder Equity
Other Assets	- 0.77	Net Debt