Torq Historical Income Statement

TORQ Stock

CAD 0.06 0.01 14.29%

Historical analysis of Torq Resources income statement accounts such as Total Operating Expenses of 19.3 M, Income Tax Expense of 5.3 K, Selling General Administrative of 5.4 M or Cost Of Revenue of 329.7 K can show how well Torq Resources performed in making a profits. Evaluating Torq Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Torq Resources's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Torq Resources 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 Torq Resources is a good buy for the upcoming year.

Net Income Gross Profit

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

About Torq Income Statement Analysis

Torq Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Torq Resources shareholders. The income statement also shows Torq investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Torq Resources Income Statement Chart

At this time, Torq Resources' Reconciled Depreciation is fairly stable compared to the past year.

Other Operating Expenses Total Operating Expenses Selling General Administrative Net Income Applicable To Common Shares Non Recurring

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Torq Resources. It is also known as Torq Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from Torq Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Torq Resources current financial condition. On the other hand, looking into the entire matrix of income statement 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 Torq Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

At this time, Torq Resources' Reconciled Depreciation is fairly stable compared to the past year.

Torq Resources income statement Correlations

	Depreciation And Amortization	Interest Expense	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Selling General Administrative	Net Income From Continuing Ops	Cost Of Revenue	Non Recurring	Selling And Marketing Expenses	Net Interest Income	Interest Income
Depreciation And Amortization		0.13	-0.16	0.15	-0.15	-0.15	0.43	0.15	0.4	-0.04	0.4	-1.0	0.11	-0.2	0.16	0.29	0.2	0.05	0.23
Interest Expense	0.13		-0.1	0.95	-0.94	-0.94	-0.79	0.95	-0.8	0.04	-0.8	-0.14	0.87	-0.94	0.11	0.55	0.82	-0.68	0.62
Gross Profit	-0.16	-0.1		-0.15	0.15	0.15	0.03	-0.15	0.09	-0.29	0.09	0.25	-0.29	0.21	-1.0	-0.46	-0.07	-0.31	-0.44
Other Operating Expenses	0.15	0.95	-0.15		-1.0	-1.0	-0.83	1.0	-0.84	0.09	-0.84	-0.16	0.96	-0.99	0.16	0.71	0.95	-0.55	0.69
Operating Income	-0.15	-0.94	0.15	-1.0		1.0	0.83	-1.0	0.84	-0.09	0.84	0.16	-0.96	1.0	-0.17	-0.71	-0.95	0.54	-0.71
Ebit	-0.15	-0.94	0.15	-1.0	1.0		0.83	-1.0	0.84	-0.09	0.84	0.16	-0.96	1.0	-0.17	-0.71	-0.95	0.54	-0.71
Ebitda	0.43	-0.79	0.03	-0.83	0.83	0.83		-0.83	1.0	-0.07	1.0	-0.42	-0.81	0.8	-0.04	-0.48	-0.76	0.55	-0.5
Total Operating Expenses	0.15	0.95	-0.15	1.0	-1.0	-1.0	-0.83		-0.84	0.09	-0.84	-0.16	0.96	-0.99	0.17	0.71	0.95	-0.55	0.69
Net Income	0.4	-0.8	0.09	-0.84	0.84	0.84	1.0	-0.84		-0.12	1.0	-0.39	-0.83	0.82	-0.11	-0.51	-0.76	0.53	-0.54
Income Tax Expense	-0.04	0.04	-0.29	0.09	-0.09	-0.09	-0.07	0.09	-0.12		-0.12	-0.01	0.08	-0.12	0.29	0.04	0.1	0.16	0.19
Income Before Tax	0.4	-0.8	0.09	-0.84	0.84	0.84	1.0	-0.84	1.0	-0.12		-0.39	-0.83	0.82	-0.1	-0.5	-0.76	0.53	-0.53
Total Other Income Expense Net	-1.0	-0.14	0.25	-0.16	0.16	0.16	-0.42	-0.16	-0.39	-0.01	-0.39		-0.13	0.21	-0.25	-0.32	-0.2	-0.08	-0.26
Selling General Administrative	0.11	0.87	-0.29	0.96	-0.96	-0.96	-0.81	0.96	-0.83	0.08	-0.83	-0.13		-0.95	0.3	0.8	0.91	-0.41	0.72
Net Income From Continuing Ops	-0.2	-0.94	0.21	-0.99	1.0	1.0	0.8	-0.99	0.82	-0.12	0.82	0.21	-0.95		-0.22	-0.74	-0.95	0.52	-0.72
Cost Of Revenue	0.16	0.11	-1.0	0.16	-0.17	-0.17	-0.04	0.17	-0.11	0.29	-0.1	-0.25	0.3	-0.22		0.46	0.09	0.3	0.44
Non Recurring	0.29	0.55	-0.46	0.71	-0.71	-0.71	-0.48	0.71	-0.51	0.04	-0.5	-0.32	0.8	-0.74	0.46		0.75	0.09	0.81
Selling And Marketing Expenses	0.2	0.82	-0.07	0.95	-0.95	-0.95	-0.76	0.95	-0.76	0.1	-0.76	-0.2	0.91	-0.95	0.09	0.75		-0.46	0.62
Net Interest Income	0.05	-0.68	-0.31	-0.55	0.54	0.54	0.55	-0.55	0.53	0.16	0.53	-0.08	-0.41	0.52	0.3	0.09	-0.46		0.1
Interest Income	0.23	0.62	-0.44	0.69	-0.71	-0.71	-0.5	0.69	-0.54	0.19	-0.53	-0.26	0.72	-0.72	0.44	0.81	0.62	0.1

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Torq Resources Account Relationship Matchups

Torq Resources income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	206.3K	32.7K	181.7K	282.9K	297.0K
Gross Profit	(1.2M)	(702.2K)	(32.7K)	(181.7K)	(282.9K)	(297.0K)
Other Operating Expenses	1.9M	2.1M	6.4M	11.9M	18.7M	19.6M
Operating Income	(1.9M)	(2.1M)	(6.3M)	(11.7M)	(18.7M)	(17.8M)
Ebit	(1.9M)	(2.1M)	(6.3M)	(11.7M)	(18.7M)	(17.8M)
Ebitda	(1.8M)	(2.1M)	(6.3M)	(11.5M)	(18.4M)	(17.5M)
Total Operating Expenses	1.9M	2.1M	6.4M	11.9M	18.4M	19.3M
Net Income	(1.7M)	(2.1M)	(6.5M)	(11.7M)	(19.2M)	(18.3M)
Income Tax Expense	(312.5K)	(267.3K)	65.7K	(159.5K)	5.0K	5.3K
Income Before Tax	(1.7M)	(2.1M)	(6.5M)	(11.9M)	(19.2M)	(18.2M)
Total Other Income Expense Net	(36.6K)	(23.7K)	(105.0K)	2.5K	(505.4K)	(480.1K)
Selling General Administrative	1.4M	1.5M	2.8M	3.1M	5.2M	5.4M
Net Income From Continuing Ops	(1.7M)	(2.1M)	(6.5M)	(11.7M)	(19.2M)	(18.3M)
Cost Of Revenue	1.2M	702.2K	32.7K	181.7K	282.9K	329.7K
Net Income Applicable To Common Shares	(1.7M)	(2.1M)	(6.5M)	(11.7M)	(10.5M)	(10.0M)
Net Interest Income	245.4K	84.7K	39.3K	18.2K	(168.2K)	(159.8K)
Interest Income	245.4K	84.7K	39.3K	195.7K	374.6K	189.5K

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Torq Historical Income Statement

About Torq Income Statement Analysis

Torq Resources Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Net Income Applicable To Common Shares

Torq Resources income statement Correlations

Torq Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Torq Resources income statement Accounts

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COMMON DESTINATIONS

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Depreciation And Amortization	Interest Expense
Total Revenue	Gross Profit
Other Operating Expenses	Operating Income
Ebit	Ebitda
Total Operating Expenses	Net Income
Income Tax Expense	Income Before Tax
Total Other Income Expense Net	Selling General Administrative
Net Income From Continuing Ops	Cost Of Revenue
Net Income Applicable To Common Shares	Non Recurring
Selling And Marketing Expenses	Net Interest Income
Interest Income	Reconciled Depreciation
Tax Provision

Total Operating Expenses	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Net Income From Continuing Ops	+ 1.0	Operating Income
Net Income From Continuing Ops	+ 1.0	Ebit
Net Income	+ 1.0	Ebitda
Income Before Tax	+ 1.0	Ebitda

Total Operating Expenses	- 1.0	Ebit
Total Operating Expenses	- 1.0	Operating Income
Ebit	- 1.0	Other Operating Expenses
Operating Income	- 1.0	Other Operating Expenses
Cost Of Revenue	- 1.0	Gross Profit
Total Other Income Expense Net	- 1.0	Depreciation And Amortization