TeraGo Short Term Investments vs Net Debt Analysis

TGO Stock

CAD 1.26 0.07 5.26%

TeraGo financial indicator trend analysis is much more than just breaking down TeraGo Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TeraGo Inc is a good investment. Please check the relationship between TeraGo Short Term Investments and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TeraGo 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 board of governors.

Short Term Investments vs Net Debt

Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TeraGo Inc Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between TeraGo's Short Term Investments and Net Debt is -0.46. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of TeraGo Inc, assuming nothing else is changed. The correlation between historical values of TeraGo's Short Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of TeraGo Inc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Term Investments i.e., TeraGo's Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of TeraGo balance sheet. It contains any investments TeraGo Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that TeraGo Inc can easily liquidate in the marketplace.

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.

Most indicators from TeraGo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TeraGo Inc 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 TeraGo 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 board of governors.

At this time, TeraGo's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 121.90, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Gross Profit	32.2M	20.2M	19.1M	33.5M
Total Revenue	43.3M	27.6M	26.1M	43.3M

Gross Profit Total Revenue

TeraGo fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Short Term Investments
Common Stock Shares Outstanding		-0.3	0.07	-0.12	-0.59	-0.48	-0.38	0.1	-0.44	-0.61	-0.04	-0.41	-0.1	-0.07	-0.78	-0.23	0.02	0.25	-0.45	-0.01	0.48	0.17	0.16	-0.31	0.34	0.5
Total Assets	-0.3		0.89	0.74	0.78	0.83	-0.51	0.84	-0.14	0.5	0.75	0.91	0.23	0.72	0.42	0.78	0.9	0.19	0.11	0.94	-0.01	0.46	0.68	0.87	0.33	-0.63
Short Long Term Debt Total	0.07	0.89		0.57	0.53	0.75	-0.65	0.98	-0.32	0.25	0.71	0.85	0.17	0.67	0.2	0.77	0.99	0.09	-0.09	0.97	0.1	0.32	0.81	0.81	0.36	-0.47
Total Current Liabilities	-0.12	0.74	0.57		0.56	0.52	-0.23	0.54	-0.18	0.29	0.5	0.43	0.14	0.49	0.02	0.28	0.55	0.72	0.18	0.72	0.25	0.86	0.63	0.4	0.73	-0.47
Total Stockholder Equity	-0.59	0.78	0.53	0.56		0.68	-0.14	0.49	0.32	0.74	0.52	0.75	0.23	0.5	0.65	0.71	0.56	0.12	0.2	0.61	-0.41	0.26	0.39	0.74	0.17	-0.54
Property Plant And Equipment Net	-0.48	0.83	0.75	0.52	0.68		-0.33	0.74	-0.23	0.37	0.51	0.88	0.0	0.51	0.45	0.59	0.74	-0.09	0.1	0.75	0.01	0.12	0.68	0.72	0.23	-0.81
Current Deferred Revenue	-0.38	-0.51	-0.65	-0.23	-0.14	-0.33		-0.62	0.56	0.04	-0.51	-0.43	-0.08	-0.46	0.21	-0.43	-0.66	-0.15	0.5	-0.61	-0.46	-0.31	-0.4	-0.49	-0.29	0.31
Net Debt	0.1	0.84	0.98	0.54	0.49	0.74	-0.62		-0.33	0.13	0.56	0.81	0.07	0.51	0.15	0.73	0.96	0.1	-0.21	0.94	0.1	0.27	0.85	0.74	0.4	-0.46
Retained Earnings	-0.44	-0.14	-0.32	-0.18	0.32	-0.23	0.56	-0.33		0.49	-0.12	-0.02	0.21	-0.15	0.5	0.2	-0.28	-0.22	0.32	-0.28	-0.92	-0.3	-0.34	-0.05	-0.45	0.47
Accounts Payable	-0.61	0.5	0.25	0.29	0.74	0.37	0.04	0.13	0.49		0.61	0.53	0.64	0.6	0.78	0.63	0.33	-0.14	0.55	0.35	-0.55	0.06	-0.09	0.6	-0.25	-0.3
Cash	-0.04	0.75	0.71	0.5	0.52	0.51	-0.51	0.56	-0.12	0.61		0.66	0.47	0.99	0.32	0.66	0.76	0.02	0.38	0.76	0.04	0.38	0.39	0.76	0.09	-0.34
Non Current Assets Total	-0.41	0.91	0.85	0.43	0.75	0.88	-0.43	0.81	-0.02	0.53	0.66		0.22	0.64	0.62	0.88	0.87	-0.21	0.1	0.83	-0.24	0.05	0.61	0.92	0.02	-0.59
Non Currrent Assets Other	-0.1	0.23	0.17	0.14	0.23	0.0	-0.08	0.07	0.21	0.64	0.47	0.22		0.45	0.42	0.44	0.22	-0.08	0.21	0.22	-0.26	0.09	-0.18	0.31	-0.24	-0.01
Cash And Short Term Investments	-0.07	0.72	0.67	0.49	0.5	0.51	-0.46	0.51	-0.15	0.6	0.99	0.64	0.45		0.32	0.6	0.71	0.0	0.43	0.72	0.08	0.36	0.38	0.73	0.09	-0.38
Net Receivables	-0.78	0.42	0.2	0.02	0.65	0.45	0.21	0.15	0.5	0.78	0.32	0.62	0.42	0.32		0.66	0.28	-0.47	0.5	0.24	-0.7	-0.3	-0.11	0.64	-0.53	-0.35
Good Will	-0.23	0.78	0.77	0.28	0.71	0.59	-0.43	0.73	0.2	0.63	0.66	0.88	0.44	0.6	0.66		0.81	-0.24	0.05	0.75	-0.45	-0.01	0.41	0.91	-0.11	-0.29
Non Current Liabilities Total	0.02	0.9	0.99	0.55	0.56	0.74	-0.66	0.96	-0.28	0.33	0.76	0.87	0.22	0.71	0.28	0.81		0.06	-0.03	0.97	0.06	0.31	0.73	0.85	0.28	-0.49
Other Current Assets	0.25	0.19	0.09	0.72	0.12	-0.09	-0.15	0.1	-0.22	-0.14	0.02	-0.21	-0.08	0.0	-0.47	-0.24	0.06		-0.15	0.24	0.46	0.92	0.24	-0.15	0.81	-0.1
Other Stockholder Equity	-0.45	0.11	-0.09	0.18	0.2	0.1	0.5	-0.21	0.32	0.55	0.38	0.1	0.21	0.43	0.5	0.05	-0.03	-0.15		0.02	-0.29	0.04	-0.19	0.18	-0.25	-0.07
Total Liab	-0.01	0.94	0.97	0.72	0.61	0.75	-0.61	0.94	-0.28	0.35	0.76	0.83	0.22	0.72	0.24	0.75	0.97	0.24	0.02		0.12	0.48	0.77	0.81	0.43	-0.53
Property Plant And Equipment Gross	0.48	-0.01	0.1	0.25	-0.41	0.01	-0.46	0.1	-0.92	-0.55	0.04	-0.24	-0.26	0.08	-0.7	-0.45	0.06	0.46	-0.29	0.12		0.5	0.22	-0.19	0.54	-0.32
Total Current Assets	0.17	0.46	0.32	0.86	0.26	0.12	-0.31	0.27	-0.3	0.06	0.38	0.05	0.09	0.36	-0.3	-0.01	0.31	0.92	0.04	0.48	0.5		0.34	0.13	0.76	-0.26
Short Term Debt	0.16	0.68	0.81	0.63	0.39	0.68	-0.4	0.85	-0.34	-0.09	0.39	0.61	-0.18	0.38	-0.11	0.41	0.73	0.24	-0.19	0.77	0.22	0.34		0.46	0.62	-0.37
Intangible Assets	-0.31	0.87	0.81	0.4	0.74	0.72	-0.49	0.74	-0.05	0.6	0.76	0.92	0.31	0.73	0.64	0.91	0.85	-0.15	0.18	0.81	-0.19	0.13	0.46		-0.04	-0.56
Other Current Liab	0.34	0.33	0.36	0.73	0.17	0.23	-0.29	0.4	-0.45	-0.25	0.09	0.02	-0.24	0.09	-0.53	-0.11	0.28	0.81	-0.25	0.43	0.54	0.76	0.62	-0.04		-0.26
Short Term Investments	0.5	-0.63	-0.47	-0.47	-0.54	-0.81	0.31	-0.46	0.47	-0.3	-0.34	-0.59	-0.01	-0.38	-0.35	-0.29	-0.49	-0.1	-0.07	-0.53	-0.32	-0.26	-0.37	-0.56	-0.26

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TeraGo Account Relationship Matchups

TeraGo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	16.2M	16.7M	18.8M	19.1M	19.8M	15.7M
Total Assets	110.7M	103.2M	93.2M	55.4M	53.5M	76.0M
Short Long Term Debt Total	57.2M	56.2M	35.9M	20.5M	31.9M	26.9M
Total Current Liabilities	15.8M	15.8M	24.2M	9.9M	8.4M	12.6M
Total Stockholder Equity	48.1M	40.9M	40.3M	29.6M	17.3M	16.5M
Property Plant And Equipment Net	59.6M	56.6M	34.0M	32.8M	33.5M	38.9M
Current Deferred Revenue	178K	155K	193K	191K	127K	183.4K
Net Debt	48.5M	50.3M	30.4M	14.3M	27.6M	20.6M
Retained Earnings	(81.3M)	(89.5M)	(104.7M)	(116.3M)	(129.5M)	(123.0M)
Accounts Payable	4.6M	5.4M	3.8M	4.5M	2.3M	2.2M
Cash	8.7M	5.9M	5.5M	6.2M	4.4M	4.9M
Non Current Assets Total	98.0M	93.6M	45.7M	44.4M	45.6M	60.5M
Non Currrent Assets Other	378K	438K	519K	490K	358K	340.1K
Cash And Short Term Investments	8.7M	5.9M	5.5M	7.4M	4.6M	5.8M
Net Receivables	2.9M	2.6M	1.3M	1.6M	2.0M	2.2M
Liabilities And Stockholders Equity	110.7M	103.2M	93.2M	55.4M	53.5M	76.0M
Non Current Liabilities Total	46.8M	46.5M	28.8M	15.9M	27.7M	22.0M
Other Current Assets	1.1M	1.1M	40.8M	2.3M	1.3M	1.2M
Other Stockholder Equity	35.6M	27.2M	26.4M	26.8M	27.7M	52.9M
Total Liab	62.6M	62.3M	53.0M	25.8M	36.2M	34.6M
Property Plant And Equipment Gross	59.6M	56.6M	195.5M	168.6M	178.6M	187.5M
Total Current Assets	12.7M	9.6M	47.6M	10.9M	7.9M	15.4M
Accumulated Other Comprehensive Income	(8.1M)	(129.4M)	743K	963K	819K	860.0K
Short Term Debt	11.0M	10.2M	7.9M	5.0M	5.2M	4.8M
Intangible Assets	18.6M	17.1M	10.3M	10.3M	10.9M	11.7M
Other Current Liab	4.6M	5.4M	12.3M	4.7M	694K	659.3K
Inventory	394K	324K	38.9M	667K	267K	253.7K
Common Stock Total Equity	86.7M	93.3M	101.8M	103.2M	118.7M	94.3M
Common Stock	101.8M	103.2M	117.8M	118.1M	118.3M	103.2M
Other Liab	355K	547K	765K	448K	403.2K	765.4K
Net Tangible Assets	10.1M	4.4M	29.1M	18.5M	16.6M	11.6M
Other Assets	378K	438K	34.5M	490K	563.5K	535.3K
Long Term Debt	24.5M	25.1M	17.5M	6.2M	16.9M	18.6M
Property Plant Equipment	59.6M	56.6M	34.0M	32.8M	29.5M	34.6M
Long Term Debt Total	46.2M	45.9M	28.0M	15.5M	13.9M	27.1M
Capital Surpluse	27.5M	27.2M	26.4M	26.8M	30.8M	28.9M

Pair Trading with TeraGo

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

Moving against TeraGo Stock

0.93	BOFA	Bank of America	Pair Corr
0.89	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.88	JPM	JPMorgan Chase	Pair Corr
0.84	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.84	RY-PJ	Royal Bank Earnings Call This Week	Pair Corr

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

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

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

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TeraGo Short Term Investments vs Net Debt Analysis

Short Term Investments vs Net Debt

Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Short Term Investments

Net Debt

TeraGo fundamental ratios Correlations

TeraGo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TeraGo fundamental ratios Accounts

Pair Trading with TeraGo

Moving against TeraGo Stock

Other Information on Investing in TeraGo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.99	Cash
Net Debt	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.97	Short Long Term Debt Total
Total Liab	+ 0.97	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.96	Net Debt

Property Plant And Equipment Gross	- 0.92	Retained Earnings
Short Term Investments	- 0.81	Property Plant And Equipment Net
Net Receivables	- 0.78	Common Stock Shares Outstanding
Property Plant And Equipment Gross	- 0.7	Net Receivables
Non Current Liabilities Total	- 0.66	Current Deferred Revenue
Current Deferred Revenue	- 0.65	Short Long Term Debt Total