Torex Net Debt vs Total Liab Analysis

TXG Stock

CAD 31.07 0.10 0.32%

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

Net Debt vs Total Liab

Net Debt vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torex Gold Resources Net Debt account and Total Liab. At this time, the significance of the direction appears to have strong relationship.

The correlation between Torex Gold's Net Debt and Total Liab is 0.66. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Torex Gold Resources, assuming nothing else is changed. The correlation between historical values of Torex Gold's Net Debt and Total Liab 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 Debt of Torex Gold Resources are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Debt i.e., Torex Gold's Net Debt and Total Liab go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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

At this time, Torex Gold's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Tax Provision is likely to grow to about 50.2 M, while Enterprise Value is likely to drop about 422.7 M.

Torex Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Other Assets	Property Plant And Equipment Gross	Non Currrent Assets Other	Common Stock	Other Liab	Net Tangible Assets	Common Stock Total Equity
Total Assets		0.42	0.89	0.95	-0.03	0.57	0.86	0.26	0.27	0.91	0.69	0.27	0.85	0.23	-0.33	0.6	0.72	0.84	0.96	0.84	0.91	0.15	0.88	0.83	0.79	0.91
Other Current Liab	0.42		0.43	0.51	-0.49	0.5	0.6	0.57	0.56	0.37	0.31	-0.24	0.5	-0.32	-0.11	0.07	0.64	0.29	0.27	0.47	0.57	-0.27	0.39	0.42	0.68	0.36
Total Current Liabilities	0.89	0.43		0.87	-0.16	0.66	0.93	0.24	0.25	0.92	0.51	0.03	0.96	0.26	-0.26	0.48	0.74	0.7	0.82	0.66	0.85	-0.2	0.84	0.91	0.82	0.86
Total Stockholder Equity	0.95	0.51	0.87		-0.32	0.73	0.82	0.42	0.42	0.89	0.59	-0.03	0.83	0.02	-0.3	0.33	0.82	0.67	0.86	0.84	0.94	-0.01	0.77	0.73	0.84	0.82
Net Debt	-0.03	-0.49	-0.16	-0.32		-0.53	-0.18	-0.77	-0.77	-0.08	0.08	0.88	-0.2	0.47	0.01	0.66	-0.63	0.33	0.21	-0.01	-0.21	0.65	0.16	0.01	-0.34	0.13
Retained Earnings	0.57	0.5	0.66	0.73	-0.53		0.53	0.25	0.25	0.74	-0.07	-0.45	0.62	-0.36	-0.01	-0.16	0.6	0.18	0.47	0.6	0.83	-0.45	0.35	0.42	0.73	0.43
Accounts Payable	0.86	0.6	0.93	0.82	-0.18	0.53		0.34	0.36	0.84	0.62	0.08	0.94	0.27	-0.31	0.54	0.78	0.72	0.76	0.65	0.78	-0.17	0.87	0.94	0.82	0.84
Cash	0.26	0.57	0.24	0.42	-0.77	0.25	0.34		1.0	0.12	0.39	-0.42	0.28	-0.16	-0.27	-0.17	0.81	0.05	0.01	0.08	0.23	-0.36	0.07	0.23	0.38	0.07
Cash And Short Term Investments	0.27	0.56	0.25	0.42	-0.77	0.25	0.36	1.0		0.12	0.4	-0.42	0.3	-0.13	-0.27	-0.16	0.82	0.06	0.01	0.08	0.23	-0.38	0.08	0.24	0.39	0.08
Net Receivables	0.91	0.37	0.92	0.89	-0.08	0.74	0.84	0.12	0.12		0.43	0.1	0.87	0.11	-0.25	0.46	0.65	0.69	0.88	0.77	0.93	-0.07	0.8	0.83	0.8	0.84
Common Stock Shares Outstanding	0.69	0.31	0.51	0.59	0.08	-0.07	0.62	0.39	0.4	0.43		0.4	0.52	0.43	-0.34	0.69	0.53	0.85	0.65	0.48	0.41	0.37	0.7	0.65	0.54	0.72
Non Current Liabilities Total	0.27	-0.24	0.03	-0.03	0.88	-0.45	0.08	-0.42	-0.42	0.1	0.4		0.0	0.55	-0.13	0.84	-0.26	0.56	0.44	0.19	0.01	0.7	0.36	0.23	-0.15	0.31
Inventory	0.85	0.5	0.96	0.83	-0.2	0.62	0.94	0.28	0.3	0.87	0.52	0.0		0.29	-0.28	0.46	0.77	0.67	0.76	0.61	0.81	-0.27	0.83	0.9	0.82	0.83
Other Current Assets	0.23	-0.32	0.26	0.02	0.47	-0.36	0.27	-0.16	-0.13	0.11	0.43	0.55	0.29		0.09	0.63	0.02	0.42	0.28	-0.11	-0.1	0.06	0.33	0.39	-0.08	0.27
Other Stockholder Equity	-0.33	-0.11	-0.26	-0.3	0.01	-0.01	-0.31	-0.27	-0.27	-0.25	-0.34	-0.13	-0.28	0.09		-0.26	-0.34	-0.3	-0.27	-0.3	-0.21	-0.22	-0.36	-0.31	-0.26	-0.37
Total Liab	0.6	0.07	0.48	0.33	0.66	-0.16	0.54	-0.17	-0.16	0.46	0.69	0.84	0.46	0.63	-0.26		0.14	0.87	0.7	0.41	0.33	0.47	0.71	0.68	0.33	0.69
Total Current Assets	0.72	0.64	0.74	0.82	-0.63	0.6	0.78	0.81	0.82	0.65	0.53	-0.26	0.77	0.02	-0.34	0.14		0.42	0.51	0.48	0.69	-0.36	0.54	0.66	0.73	0.54
Property Plant And Equipment Net	0.84	0.29	0.7	0.67	0.33	0.18	0.72	0.05	0.06	0.69	0.85	0.56	0.67	0.42	-0.3	0.87	0.42		0.88	0.69	0.64	0.4	0.86	0.81	0.69	0.91
Non Current Assets Total	0.96	0.27	0.82	0.86	0.21	0.47	0.76	0.01	0.01	0.88	0.65	0.44	0.76	0.28	-0.27	0.7	0.51	0.88		0.86	0.86	0.33	0.89	0.77	0.69	0.92
Other Assets	0.84	0.47	0.66	0.84	-0.01	0.6	0.65	0.08	0.08	0.77	0.48	0.19	0.61	-0.11	-0.3	0.41	0.48	0.69	0.86		0.87	0.35	0.8	0.59	0.74	0.83
Property Plant And Equipment Gross	0.91	0.57	0.85	0.94	-0.21	0.83	0.78	0.23	0.23	0.93	0.41	0.01	0.81	-0.1	-0.21	0.33	0.69	0.64	0.86	0.87		-0.04	0.73	0.71	0.85	0.79
Non Currrent Assets Other	0.15	-0.27	-0.2	-0.01	0.65	-0.45	-0.17	-0.36	-0.38	-0.07	0.37	0.7	-0.27	0.06	-0.22	0.47	-0.36	0.4	0.33	0.35	-0.04		0.25	-0.08	-0.17	0.25
Common Stock	0.88	0.39	0.84	0.77	0.16	0.35	0.87	0.07	0.08	0.8	0.7	0.36	0.83	0.33	-0.36	0.71	0.54	0.86	0.89	0.8	0.73	0.25		0.86	0.72	0.97
Other Liab	0.83	0.42	0.91	0.73	0.01	0.42	0.94	0.23	0.24	0.83	0.65	0.23	0.9	0.39	-0.31	0.68	0.66	0.81	0.77	0.59	0.71	-0.08	0.86		0.78	0.87
Net Tangible Assets	0.79	0.68	0.82	0.84	-0.34	0.73	0.82	0.38	0.39	0.8	0.54	-0.15	0.82	-0.08	-0.26	0.33	0.73	0.69	0.69	0.74	0.85	-0.17	0.72	0.78		0.81
Common Stock Total Equity	0.91	0.36	0.86	0.82	0.13	0.43	0.84	0.07	0.08	0.84	0.72	0.31	0.83	0.27	-0.37	0.69	0.54	0.91	0.92	0.83	0.79	0.25	0.97	0.87	0.81

Click cells to compare fundamentals

Torex Gold Account Relationship Matchups

Torex Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.3B	1.4B	1.6B	1.8B	1.9B
Other Current Liab	1.6M	5.2M	70.9M	107.9M	22.6M	13.8M
Total Current Liabilities	242.6M	205.2M	194.4M	243.3M	281.7M	295.8M
Total Stockholder Equity	834.8M	946.1M	1.1B	1.3B	1.5B	1.6B
Net Debt	13.1M	(130.7M)	(252.4M)	(372.1M)	(140.8M)	(133.8M)
Retained Earnings	(158.5M)	(49.5M)	102.2M	291M	495.4M	520.2M
Accounts Payable	90.6M	119.9M	121.4M	132.8M	101M	106.1M
Cash	161.8M	174.1M	255.7M	376M	172.8M	108.8M
Cash And Short Term Investments	161.8M	206.2M	255.7M	376M	172.8M	110.3M
Net Receivables	38.1M	42M	60.8M	46.3M	87.7M	92.1M
Common Stock Shares Outstanding	85.8M	86.1M	86.1M	86.1M	86.4M	49.1M
Liabilities And Stockholders Equity	1.2B	1.3B	1.4B	1.6B	1.8B	1.9B
Non Current Liabilities Total	152.2M	101.1M	64.1M	59.9M	59M	114.9M
Inventory	129.2M	112.2M	123.3M	120.2M	126.6M	132.9M
Other Current Assets	9M	10M	11.5M	2.8M	3.2M	4.4M
Other Stockholder Equity	33.3M	24.4M	24.3M	24.2M	27.8M	49.9M
Total Liab	394.8M	306.3M	258.5M	303.2M	340.7M	183.7M
Total Current Assets	339.1M	371.9M	453.9M	561.9M	405.5M	425.8M
Property Plant And Equipment Net	874.4M	827.3M	836.1M	931.9M	1.2B	664.1M
Non Current Assets Total	890.5M	880.5M	905M	1.0B	1.4B	1.5B
Other Assets	16.1M	53.2M	68.9M	95M	109.3M	114.7M
Property Plant And Equipment Gross	874.4M	827.3M	1.9B	2.2B	2.7B	2.9B
Non Currrent Assets Other	16.1M	10.8M	13.5M	9.1M	24.8M	25.0M
Common Stock	1.0B	1.0B	1.0B	1.0B	1.0B	1.0B
Other Liab	58.4M	59.6M	62.9M	58.6M	67.4M	51.4M
Net Tangible Assets	834.8M	946.1M	1.1B	1.3B	1.5B	900.8M
Common Stock Total Equity	966.4M	1.0B	1.0B	1.0B	1.2B	1.0B
Property Plant Equipment	874.4M	827.3M	836.1M	931.9M	1.1B	905.0M
Short Long Term Debt Total	174.9M	43.4M	3.3M	3.9M	32M	30.4M
Short Long Term Debt	56.2M	82.8M	81.7M	2.2M	2.5M	2.4M
Short Term Debt	81.7M	2.2M	2.1M	2.6M	23.9M	24.2M
Current Deferred Revenue	18M	68.7M	77.9M	134.2M	154.3M	162.0M
Long Term Debt Total	93.2M	41.2M	1.2M	1.3M	1.2M	1.1M
Capital Surpluse	33.3M	24.4M	24.3M	24.2M	21.8M	23.4M
Cash And Equivalents	161.8M	174.1M	255.7M	376M	432.4M	454.0M
Net Invested Capital	1.0B	989.5M	1.1B	1.3B	1.5B	1.3B
Net Working Capital	96.5M	166.7M	259.5M	318.6M	123.8M	163.4M
Capital Stock	1.0B	1.0B	1.0B	1.0B	1.0B	1.1B

Pair Trading with Torex Gold

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

Moving together with Torex Stock

0.86	AG	First Majestic Silver	Pair Corr
0.86	IE	Ivanhoe Energy	Pair Corr
0.85	FDY	Faraday Copper Corp	Pair Corr

Moving against Torex Stock

0.36

INFM

Infinico Metals Corp

Pair Corr

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

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

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

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Torex Net Debt vs Total Liab Analysis

Net Debt vs Total Liab

Net Debt vs Total Liab Correlation Analysis

Correlation Coefficient

Net Debt

Total Liab

Torex Gold fundamental ratios Correlations

Torex Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Torex Gold fundamental ratios Accounts

Pair Trading with Torex Gold

Moving together with Torex Stock

Moving against Torex Stock

Other Information on Investing in Torex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock Total Equity	+ 0.97	Common Stock
Non Current Assets Total	+ 0.96	Total Assets
Inventory	+ 0.96	Total Current Liabilities
Total Stockholder Equity	+ 0.95	Total Assets
Property Plant And Equipment Gross	+ 0.94	Total Stockholder Equity

Cash And Short Term Investments	- 0.77	Net Debt
Cash	- 0.77	Net Debt
Total Current Assets	- 0.63	Net Debt
Retained Earnings	- 0.53	Net Debt
Net Debt	- 0.49	Other Current Liab
Non Currrent Assets Other	- 0.45	Retained Earnings