True Historical Balance Sheet

TNT-UN Stock

CAD 11.36 0.04 0.35%

Trend analysis of True North Commercial balance sheet accounts such as Total Stockholder Equity of 330.2 M, Property Plant And Equipment Net of 879.1 M, Current Deferred Revenue of 4.7 M or Net Debt of 522.4 M provides information on True North's total assets, liabilities, and equity, which is the actual value of True North Commercial to its prevalent stockholders. By breaking down trends over time using True North balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining True North Commercial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether True North Commercial is a good buy for the upcoming year.

True North Inventory

57.05 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in True North Commercial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

About True Balance Sheet Analysis

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

True North Balance Sheet Chart

At present, True North's Accounts Payable is projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 1.3 B, whereas Total Assets are forecasted to decline to about 908.5 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Current Deferred Revenue Short Term Investments

Total Assets

Total assets refers to the total amount of True North assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in True North Commercial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on True North balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of True North Commercial 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.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Short Term Investments

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

Most accounts from True North's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into True North Commercial current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 True North Commercial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	820.4M	861.1M	821.0M	531.1M
Total Assets	1.4B	1.5B	1.3B	908.5M

Short Long Term Debt Total Total Assets

True North balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		1.0	0.81	0.9	1.0	1.0	0.97	1.0	-0.26	0.83	0.44	1.0	-0.12	0.44	0.75	0.18	1.0	0.45	0.77	1.0	0.6	0.87	1.0	0.99	0.78	0.99
Short Long Term Debt Total	1.0		0.79	0.91	0.99	1.0	0.97	1.0	-0.29	0.84	0.43	1.0	-0.09	0.43	0.75	0.16	0.99	0.48	0.77	1.0	0.62	0.88	1.0	0.99	0.78	0.99
Other Current Liab	0.81	0.79		0.76	0.82	0.8	0.69	0.79	0.19	0.52	0.28	0.8	-0.31	0.28	0.83	0.25	0.78	0.3	0.61	0.79	0.42	0.75	0.78	0.74	0.46	0.75
Total Current Liabilities	0.9	0.91	0.76		0.89	0.89	0.92	0.92	-0.4	0.86	0.23	0.89	0.05	0.23	0.83	0.03	0.86	0.66	0.72	0.91	0.73	0.99	0.92	0.91	0.71	0.87
Total Stockholder Equity	1.0	0.99	0.82	0.89		1.0	0.95	0.99	-0.21	0.8	0.45	1.0	-0.15	0.45	0.74	0.2	0.99	0.41	0.76	0.99	0.56	0.86	0.99	0.98	0.77	0.99
Property Plant And Equipment Net	1.0	1.0	0.8	0.89	1.0		0.96	1.0	-0.23	0.81	0.44	1.0	-0.13	0.44	0.73	0.18	1.0	0.42	0.76	1.0	0.57	0.86	0.99	0.99	0.78	0.99
Current Deferred Revenue	0.97	0.97	0.69	0.92	0.95	0.96		0.97	-0.4	0.88	0.43	0.96	-0.06	0.43	0.73	0.11	0.96	0.55	0.71	0.97	0.67	0.88	0.98	0.98	0.85	0.97
Net Debt	1.0	1.0	0.79	0.92	0.99	1.0	0.97		-0.29	0.84	0.41	1.0	-0.08	0.41	0.75	0.16	0.99	0.48	0.77	1.0	0.62	0.88	1.0	0.99	0.78	0.99
Retained Earnings	-0.26	-0.29	0.19	-0.4	-0.21	-0.23	-0.4	-0.29		-0.7	-0.12	-0.23	-0.72	-0.12	-0.18	0.2	-0.24	-0.78	-0.25	-0.28	-0.74	-0.39	-0.31	-0.34	-0.27	-0.3
Accounts Payable	0.83	0.84	0.52	0.86	0.8	0.81	0.88	0.84	-0.7		0.35	0.81	0.28	0.35	0.71	0.03	0.81	0.81	0.61	0.84	0.89	0.82	0.85	0.84	0.69	0.84
Cash	0.44	0.43	0.28	0.23	0.45	0.44	0.43	0.41	-0.12	0.35		0.44	-0.29	1.0	0.29	0.14	0.48	0.14	0.19	0.44	0.38	0.17	0.44	0.42	0.42	0.45
Non Current Assets Total	1.0	1.0	0.8	0.89	1.0	1.0	0.96	1.0	-0.23	0.81	0.44		-0.13	0.44	0.73	0.18	1.0	0.42	0.76	1.0	0.57	0.86	0.99	0.98	0.78	0.99
Non Currrent Assets Other	-0.12	-0.09	-0.31	0.05	-0.15	-0.13	-0.06	-0.08	-0.72	0.28	-0.29	-0.13		-0.29	-0.09	0.07	-0.13	0.56	0.27	-0.1	0.43	0.07	-0.08	-0.05	-0.36	-0.1
Cash And Short Term Investments	0.44	0.43	0.28	0.23	0.45	0.44	0.43	0.41	-0.12	0.35	1.0	0.44	-0.29		0.29	0.14	0.48	0.14	0.19	0.44	0.38	0.17	0.44	0.42	0.42	0.45
Net Receivables	0.75	0.75	0.83	0.83	0.74	0.73	0.73	0.75	-0.18	0.71	0.29	0.73	-0.09	0.29		0.21	0.71	0.65	0.58	0.75	0.72	0.83	0.74	0.68	0.57	0.68
Common Stock Shares Outstanding	0.18	0.16	0.25	0.03	0.2	0.18	0.11	0.16	0.2	0.03	0.14	0.18	0.07	0.14	0.21		0.19	-0.04	0.59	0.16	0.03	0.03	0.15	0.14	-0.01	0.13
Non Current Liabilities Total	1.0	0.99	0.78	0.86	0.99	1.0	0.96	0.99	-0.24	0.81	0.48	1.0	-0.13	0.48	0.71	0.19		0.42	0.76	0.99	0.57	0.82	0.99	0.98	0.78	0.99
Inventory	0.45	0.48	0.3	0.66	0.41	0.42	0.55	0.48	-0.78	0.81	0.14	0.42	0.56	0.14	0.65	-0.04	0.42		0.42	0.48	0.96	0.65	0.48	0.47	0.31	0.45
Other Current Assets	0.77	0.77	0.61	0.72	0.76	0.76	0.71	0.77	-0.25	0.61	0.19	0.76	0.27	0.19	0.58	0.59	0.76	0.42		0.77	0.5	0.72	0.77	0.78	0.4	0.72
Total Liab	1.0	1.0	0.79	0.91	0.99	1.0	0.97	1.0	-0.28	0.84	0.44	1.0	-0.1	0.44	0.75	0.16	0.99	0.48	0.77		0.62	0.88	1.0	0.99	0.78	0.99
Total Current Assets	0.6	0.62	0.42	0.73	0.56	0.57	0.67	0.62	-0.74	0.89	0.38	0.57	0.43	0.38	0.72	0.03	0.57	0.96	0.5	0.62		0.71	0.63	0.6	0.44	0.59
Short Term Debt	0.87	0.88	0.75	0.99	0.86	0.86	0.88	0.88	-0.39	0.82	0.17	0.86	0.07	0.17	0.83	0.03	0.82	0.65	0.72	0.88	0.71		0.88	0.87	0.67	0.83
Common Stock	1.0	1.0	0.78	0.92	0.99	0.99	0.98	1.0	-0.31	0.85	0.44	0.99	-0.08	0.44	0.74	0.15	0.99	0.48	0.77	1.0	0.63	0.88		0.99	0.78	0.99
Net Tangible Assets	0.99	0.99	0.74	0.91	0.98	0.99	0.98	0.99	-0.34	0.84	0.42	0.98	-0.05	0.42	0.68	0.14	0.98	0.47	0.78	0.99	0.6	0.87	0.99		0.77	0.99
Other Assets	0.78	0.78	0.46	0.71	0.77	0.78	0.85	0.78	-0.27	0.69	0.42	0.78	-0.36	0.42	0.57	-0.01	0.78	0.31	0.4	0.78	0.44	0.67	0.78	0.77		0.79
Long Term Debt	0.99	0.99	0.75	0.87	0.99	0.99	0.97	0.99	-0.3	0.84	0.45	0.99	-0.1	0.45	0.68	0.13	0.99	0.45	0.72	0.99	0.59	0.83	0.99	0.99	0.79

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True North Account Relationship Matchups

True North balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.4B	1.4B	1.5B	1.3B	908.5M
Short Long Term Debt Total	792.6M	812.5M	820.4M	861.1M	821.0M	531.1M
Other Current Liab	12.1M	8.5M	8.7M	15.5M	2.3M	2.2M
Total Current Liabilities	138.6M	75.6M	177.2M	230.2M	172.3M	90.5M
Total Stockholder Equity	527.3M	525.2M	540.1M	522.1M	452.8M	330.2M
Property Plant And Equipment Net	1.4B	1.4B	1.4B	1.3B	1.3B	879.1M
Current Deferred Revenue	5.3M	7.6M	8.1M	8.3M	9.0M	4.7M
Net Debt	786.9M	787.9M	814.9M	851.6M	812.0M	522.4M
Retained Earnings	8.1M	(3.0M)	(4.0M)	(41.1M)	(109.1M)	(103.6M)
Accounts Payable	15.3M	23.1M	21.2M	37.0M	34.3M	36.1M
Cash	5.7M	24.6M	5.5M	9.5M	8.9M	8.7M
Non Current Assets Total	1.4B	1.4B	1.4B	1.3B	1.3B	881.3M
Non Currrent Assets Other	896K	(1.4B)	(1.4B)	1.1M	1.3B	1.3B
Cash And Short Term Investments	5.7M	24.6M	5.5M	9.5M	8.9M	8.7M
Net Receivables	2.3M	2.5M	3.9M	7.3M	2.1M	2.7M
Common Stock Shares Outstanding	11.9M	15.6M	15.9M	16.4M	16.4M	23.6M
Liabilities And Stockholders Equity	1.4B	1.4B	1.4B	1.5B	1.3B	908.5M
Non Current Liabilities Total	709.6M	804.1M	703.9M	698.0M	698.6M	487.8M
Inventory	(14K)	(496K)	(1.5M)	84.3M	54.3M	57.0M
Other Current Assets	4.2M	1.5M	2.9M	3.5M	5.0M	2.8M
Total Liab	848.2M	879.7M	881.1M	928.2M	870.9M	578.3M
Total Current Assets	12.1M	28.6M	12.0M	106.3M	71.2M	74.7M
Short Term Debt	111.2M	36.4M	139.2M	177.7M	126.3M	66.4M
Common Stock	519.2M	528.2M	544.1M	563.3M	561.9M	343.2M
Net Tangible Assets	527.3M	525.2M	540.1M	522.1M	600.5M	347.7M
Other Assets	910K	4.1M	5.6M	2.8M	3.3M	2.2M
Long Term Debt	681.3M	776.0M	681.2M	683.4M	694.4M	511.8M
Short Long Term Debt	111.2M	36.4M	139.2M	177.7M	126.6M	83.8M
Property Plant Equipment	1.4B	1.4B	1.4B	1.3B	1.5B	915.8M
Non Current Liabilities Other	28.1M	24.3M	22.4M	14.6M	4.2M	4.0M
Net Invested Capital	1.3B	1.3B	1.4B	1.4B	1.3B	1.3B
Net Working Capital	(126.5M)	(47.0M)	(165.2M)	(123.9M)	(101.1M)	(106.2M)
Capital Stock	519.2M	528.2M	544.1M	563.3M	561.9M	560.6M

Pair Trading with True North

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

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

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

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True Historical Balance Sheet

True North Inventory

57.05 Million

About True Balance Sheet Analysis

True North Balance Sheet Chart

Total Assets

Total Current Liabilities

Current Deferred Revenue

Short Term Investments

True North balance sheet Correlations

True North Account Relationship Matchups

High Positive Relationship

High Negative Relationship

True North balance sheet Accounts

Pair Trading with True North

Other Information on Investing in True Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets

Inventory	- 0.78	Retained Earnings
Total Current Assets	- 0.74	Retained Earnings
Non Currrent Assets Other	- 0.72	Retained Earnings
Accounts Payable	- 0.7	Retained Earnings
Retained Earnings	- 0.4	Current Deferred Revenue
Retained Earnings	- 0.4	Total Current Liabilities