Trench Accounts Payable vs Total Current Liabilities Analysis

TMC Stock

CAD 0.47 0.05 9.62%

Trench Metals financial indicator trend analysis is much more than just breaking down Trench Metals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trench Metals Corp is a good investment. Please check the relationship between Trench Metals Accounts Payable and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trench Metals Corp. 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.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trench Metals Corp Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Trench Metals' Accounts Payable and Total Current Liabilities is 0.95. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Trench Metals Corp, assuming nothing else is changed. The correlation between historical values of Trench Metals' Accounts Payable and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Trench Metals Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., Trench Metals' Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Accounts Payable

An accounting item on the balance sheet that represents Trench Metals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Trench Metals Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Liabilities

Total Current Liabilities is an item on Trench Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Trench Metals Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Trench Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trench Metals Corp 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 Trench Metals Corp. 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, Trench Metals' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 76.2 M in 2024, whereas Discontinued Operations is likely to drop (577.4 K) in 2024.

Trench Metals fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net
Other Current Liab		0.64	-0.82	0.32	0.5	0.22	-0.05	-0.44	0.22	-0.73	-0.44	-0.43	-0.5	-0.46	-0.51	-0.37	-0.52	0.38	-0.46	-0.44	-0.43	-0.36
Total Current Liabilities	0.64		-0.91	0.79	0.95	0.38	0.53	-0.88	0.38	-0.48	-0.84	-0.67	-0.81	-0.88	-0.79	-0.6	-0.86	0.9	-0.88	-0.88	-0.7	-0.6
Net Tangible Assets	-0.82	-0.91		-0.61	-0.79	-0.42	-0.28	0.75	-0.42	0.76	0.7	0.59	0.77	0.79	0.8	0.56	0.74	-0.72	0.79	0.76	0.64	0.56
Retained Earnings	0.32	0.79	-0.61		0.92	0.5	0.86	-0.81	0.5	-0.01	-0.92	-0.85	-0.87	-0.95	-0.72	-0.81	-0.93	0.94	-0.95	-0.86	-0.85	-0.81
Accounts Payable	0.5	0.95	-0.79	0.92		0.42	0.77	-0.93	0.42	-0.28	-0.9	-0.71	-0.87	-0.96	-0.84	-0.65	-0.92	0.99	-0.96	-0.95	-0.75	-0.65
Other Assets	0.22	0.38	-0.42	0.5	0.42		0.3	-0.23	1.0	-0.05	-0.33	-0.66	-0.38	-0.56	-0.28	-0.77	-0.38	0.39	-0.56	-0.29	-0.49	-0.77
Net Receivables	-0.05	0.53	-0.28	0.86	0.77	0.3		-0.77	0.3	0.22	-0.75	-0.53	-0.69	-0.79	-0.67	-0.49	-0.74	0.85	-0.79	-0.8	-0.59	-0.49
Other Stockholder Equity	-0.44	-0.88	0.75	-0.81	-0.93	-0.23	-0.77		-0.23	0.4	0.86	0.51	0.88	0.9	0.93	0.45	0.87	-0.95	0.9	0.99	0.67	0.45
Deferred Long Term Liab	0.22	0.38	-0.42	0.5	0.42	1.0	0.3	-0.23		-0.05	-0.33	-0.66	-0.38	-0.56	-0.28	-0.77	-0.38	0.39	-0.56	-0.29	-0.49	-0.77
Total Current Assets	-0.73	-0.48	0.76	-0.01	-0.28	-0.05	0.22	0.4	-0.05		0.18	-0.01	0.39	0.29	0.58	0.03	0.24	-0.19	0.29	0.37	0.17	0.03
Common Stock	-0.44	-0.84	0.7	-0.92	-0.9	-0.33	-0.75	0.86	-0.33	0.18		0.81	0.94	0.91	0.76	0.73	0.99	-0.91	0.91	0.89	0.92	0.72
Property Plant Equipment	-0.43	-0.67	0.59	-0.85	-0.71	-0.66	-0.53	0.51	-0.66	-0.01	0.81		0.71	0.78	0.43	0.93	0.83	-0.7	0.78	0.57	0.88	0.93
Total Assets	-0.5	-0.81	0.77	-0.87	-0.87	-0.38	-0.69	0.88	-0.38	0.39	0.94	0.71		0.93	0.88	0.73	0.95	-0.87	0.93	0.91	0.91	0.73
Total Stockholder Equity	-0.46	-0.88	0.79	-0.95	-0.96	-0.56	-0.79	0.9	-0.56	0.29	0.91	0.78	0.93		0.87	0.77	0.94	-0.96	1.0	0.94	0.84	0.77
Cash	-0.51	-0.79	0.8	-0.72	-0.84	-0.28	-0.67	0.93	-0.28	0.58	0.76	0.43	0.88	0.87		0.43	0.8	-0.84	0.87	0.95	0.63	0.43
Non Current Assets Total	-0.37	-0.6	0.56	-0.81	-0.65	-0.77	-0.49	0.45	-0.77	0.03	0.73	0.93	0.73	0.77	0.43		0.75	-0.63	0.77	0.52	0.88	1.0
Common Stock Shares Outstanding	-0.52	-0.86	0.74	-0.93	-0.92	-0.38	-0.74	0.87	-0.38	0.24	0.99	0.83	0.95	0.94	0.8	0.75		-0.92	0.94	0.9	0.92	0.75
Total Liab	0.38	0.9	-0.72	0.94	0.99	0.39	0.85	-0.95	0.39	-0.19	-0.91	-0.7	-0.87	-0.96	-0.84	-0.63	-0.92		-0.96	-0.97	-0.74	-0.63
Net Invested Capital	-0.46	-0.88	0.79	-0.95	-0.96	-0.56	-0.79	0.9	-0.56	0.29	0.91	0.78	0.93	1.0	0.87	0.77	0.94	-0.96		0.94	0.84	0.77
Net Working Capital	-0.44	-0.88	0.76	-0.86	-0.95	-0.29	-0.8	0.99	-0.29	0.37	0.89	0.57	0.91	0.94	0.95	0.52	0.9	-0.97	0.94		0.71	0.52
Capital Stock	-0.43	-0.7	0.64	-0.85	-0.75	-0.49	-0.59	0.67	-0.49	0.17	0.92	0.88	0.91	0.84	0.63	0.88	0.92	-0.74	0.84	0.71		0.88
Property Plant And Equipment Net	-0.36	-0.6	0.56	-0.81	-0.65	-0.77	-0.49	0.45	-0.77	0.03	0.72	0.93	0.73	0.77	0.43	1.0	0.75	-0.63	0.77	0.52	0.88

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Trench Metals Account Relationship Matchups

Trench Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	11.2K	11.7K	71.9K	25.2K	22.7K	21.5K
Net Tangible Assets	929.2K	811.5K	446.8K	752.9K	865.8K	909.1K
Retained Earnings	(4.4M)	(5.0M)	(5.3M)	(6.3M)	(5.7M)	(6.0M)
Accounts Payable	9.1K	11.7K	70.8K	19.5K	17.6K	16.7K
Net Receivables	3.1K	3.3K	1.1K	6.0K	5.4K	5.2K
Other Stockholder Equity	166.9K	727.8K	543.4K	446.5K	513.5K	345.6K
Total Current Assets	812.7K	303.1K	589.7K	561.4K	645.6K	564.2K
Total Assets	822.7K	458.5K	824.7K	1.2M	1.4M	719.9K
Total Stockholder Equity	811.5K	446.8K	752.9K	1.2M	1.3M	1.4M
Cash	809.3K	244.4K	583.7K	556.7K	640.2K	522.2K
Non Current Assets Total	10.0K	155.4K	235.0K	623.8K	717.4K	753.3K
Total Liab	11.2K	11.7K	71.9K	25.2K	22.7K	21.5K
Net Invested Capital	811.5K	446.8K	752.9K	1.2M	1.3M	1.4M
Net Working Capital	801.5K	291.4K	517.8K	536.2K	616.6K	325.9K
Capital Stock	3.6M	4.0M	4.8M	5.8M	6.6M	4.7M

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