TMX Cash vs Short Term Debt Analysis

X Stock

CAD 44.02 0.18 0.41%

TMX Group financial indicator trend analysis is much more than just breaking down TMX Group Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TMX Group Limited is a good investment. Please check the relationship between TMX Group Cash and its Short Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TMX Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Cash vs Short Term Debt

Cash vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TMX Group Limited Cash account and Short Term Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between TMX Group's Cash and Short Term Debt is 0.33. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of TMX Group Limited, assuming nothing else is changed. The correlation between historical values of TMX Group's Cash and Short Term 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 Cash of TMX Group Limited are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Cash i.e., TMX Group's Cash and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of TMX Group Limited, which is listed under current asset account on TMX Group Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from TMX Group customers. The amounts must be unrestricted with restricted cash listed in a different TMX Group account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Short Term Debt

Most indicators from TMX Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TMX Group Limited 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TMX Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, TMX Group's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Discontinued Operations is likely to grow to about 213.5 M, while Tax Provision is likely to drop about 102.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	662.6M	751M	780.1M	514.6M
Total Revenue	980.7M	1.1B	1.2B	688.6M

Gross Profit Total Revenue

TMX Group fundamental ratios 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	Short Term Investments	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	Good Will
Total Assets		0.42	1.0	1.0	0.64	0.85	0.66	0.37	0.93	0.93	0.1	0.53	0.18	-0.06	-0.5	0.29	-0.33	0.3	1.0	-0.95	1.0	0.92	1.0	0.24	0.44	0.66
Short Long Term Debt Total	0.42		0.39	0.4	0.71	0.31	0.33	0.95	0.28	0.28	0.08	0.67	0.28	-0.17	-0.14	0.18	-0.49	0.36	0.39	-0.35	0.41	0.28	0.39	0.39	0.63	0.69
Other Current Liab	1.0	0.39		1.0	0.61	0.85	0.65	0.35	0.93	0.94	0.1	0.49	0.18	-0.04	-0.52	0.29	-0.29	0.25	1.0	-0.95	1.0	0.92	1.0	0.24	0.4	0.63
Total Current Liabilities	1.0	0.4	1.0		0.6	0.85	0.65	0.35	0.94	0.94	0.11	0.49	0.18	-0.04	-0.52	0.29	-0.29	0.25	1.0	-0.95	1.0	0.92	1.0	0.25	0.4	0.63
Total Stockholder Equity	0.64	0.71	0.61	0.6		0.55	0.55	0.68	0.45	0.42	0.03	0.97	0.16	-0.3	-0.16	0.24	-0.69	0.75	0.6	-0.59	0.62	0.52	0.6	0.06	0.93	0.97
Property Plant And Equipment Net	0.85	0.31	0.85	0.85	0.55		0.53	0.28	0.85	0.86	0.06	0.41	-0.03	-0.04	-0.59	0.37	-0.21	0.21	0.85	-0.88	0.85	0.97	0.85	0.03	0.31	0.57
Current Deferred Revenue	0.66	0.33	0.65	0.65	0.55	0.53		0.14	0.56	0.48	0.55	0.51	0.23	0.32	0.19	-0.02	-0.12	0.43	0.64	-0.67	0.66	0.58	0.65	0.15	0.49	0.49
Net Debt	0.37	0.95	0.35	0.35	0.68	0.28	0.14		0.19	0.28	-0.25	0.66	0.32	-0.47	-0.24	0.36	-0.67	0.4	0.35	-0.26	0.36	0.24	0.35	0.27	0.64	0.67
Retained Earnings	0.93	0.28	0.93	0.94	0.45	0.85	0.56	0.19		0.93	0.25	0.32	0.02	0.17	-0.55	0.17	-0.04	0.05	0.93	-0.98	0.93	0.93	0.94	0.35	0.21	0.5
Accounts Payable	0.93	0.28	0.94	0.94	0.42	0.86	0.48	0.28	0.93		-0.03	0.28	0.15	-0.08	-0.66	0.4	-0.2	0.02	0.94	-0.91	0.93	0.92	0.94	0.25	0.18	0.45
Cash	0.1	0.08	0.1	0.11	0.03	0.06	0.55	-0.25	0.25	-0.03		-0.04	-0.13	0.93	0.32	-0.57	0.61	-0.14	0.09	-0.24	0.1	0.11	0.11	0.33	-0.06	-0.01
Non Current Assets Total	0.53	0.67	0.49	0.49	0.97	0.41	0.51	0.66	0.32	0.28	-0.04		0.16	-0.38	-0.02	0.17	-0.77	0.86	0.49	-0.47	0.51	0.38	0.49	0.03	0.99	0.96
Non Currrent Assets Other	0.18	0.28	0.18	0.18	0.16	-0.03	0.23	0.32	0.02	0.15	-0.13	0.16		-0.21	0.29	0.57	-0.26	0.13	0.17	-0.1	0.18	0.06	0.18	-0.1	0.2	-0.01
Cash And Short Term Investments	-0.06	-0.17	-0.04	-0.04	-0.3	-0.04	0.32	-0.47	0.17	-0.08	0.93	-0.38	-0.21		0.25	-0.58	0.85	-0.44	-0.05	-0.11	-0.05	0.02	-0.03	0.31	-0.41	-0.32
Net Receivables	-0.5	-0.14	-0.52	-0.52	-0.16	-0.59	0.19	-0.24	-0.55	-0.66	0.32	-0.02	0.29	0.25		-0.3	0.09	0.28	-0.53	0.48	-0.51	-0.57	-0.52	-0.17	0.1	-0.26
Common Stock Shares Outstanding	0.29	0.18	0.29	0.29	0.24	0.37	-0.02	0.36	0.17	0.4	-0.57	0.17	0.57	-0.58	-0.3		-0.46	0.15	0.3	-0.25	0.29	0.34	0.29	-0.47	0.16	0.14
Short Term Investments	-0.33	-0.49	-0.29	-0.29	-0.69	-0.21	-0.12	-0.67	-0.04	-0.2	0.61	-0.77	-0.26	0.85	0.09	-0.46		-0.77	-0.3	0.17	-0.31	-0.17	-0.29	0.16	-0.79	-0.7
Non Current Liabilities Total	0.3	0.36	0.25	0.25	0.75	0.21	0.43	0.4	0.05	0.02	-0.14	0.86	0.13	-0.44	0.28	0.15	-0.77		0.25	-0.21	0.27	0.17	0.25	-0.32	0.9	0.75
Other Current Assets	1.0	0.39	1.0	1.0	0.6	0.85	0.64	0.35	0.93	0.94	0.09	0.49	0.17	-0.05	-0.53	0.3	-0.3	0.25		-0.95	1.0	0.92	1.0	0.24	0.4	0.63
Other Stockholder Equity	-0.95	-0.35	-0.95	-0.95	-0.59	-0.88	-0.67	-0.26	-0.98	-0.91	-0.24	-0.47	-0.1	-0.11	0.48	-0.25	0.17	-0.21	-0.95		-0.95	-0.95	-0.95	-0.28	-0.37	-0.61
Total Liab	1.0	0.41	1.0	1.0	0.62	0.85	0.66	0.36	0.93	0.93	0.1	0.51	0.18	-0.05	-0.51	0.29	-0.31	0.27	1.0	-0.95		0.92	1.0	0.24	0.42	0.65
Property Plant And Equipment Gross	0.92	0.28	0.92	0.92	0.52	0.97	0.58	0.24	0.93	0.92	0.11	0.38	0.06	0.02	-0.57	0.34	-0.17	0.17	0.92	-0.95	0.92		0.92	0.12	0.28	0.54
Total Current Assets	1.0	0.39	1.0	1.0	0.6	0.85	0.65	0.35	0.94	0.94	0.11	0.49	0.18	-0.03	-0.52	0.29	-0.29	0.25	1.0	-0.95	1.0	0.92		0.24	0.4	0.63
Short Term Debt	0.24	0.39	0.24	0.25	0.06	0.03	0.15	0.27	0.35	0.25	0.33	0.03	-0.1	0.31	-0.17	-0.47	0.16	-0.32	0.24	-0.28	0.24	0.12	0.24		-0.01	0.12
Intangible Assets	0.44	0.63	0.4	0.4	0.93	0.31	0.49	0.64	0.21	0.18	-0.06	0.99	0.2	-0.41	0.1	0.16	-0.79	0.9	0.4	-0.37	0.42	0.28	0.4	-0.01		0.91
Good Will	0.66	0.69	0.63	0.63	0.97	0.57	0.49	0.67	0.5	0.45	-0.01	0.96	-0.01	-0.32	-0.26	0.14	-0.7	0.75	0.63	-0.61	0.65	0.54	0.63	0.12	0.91

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TMX Group Account Relationship Matchups

TMX Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.4B	36.1B	63.2B	56.0B	64.3B	67.6B
Short Long Term Debt Total	1.1B	1.0B	1.1B	1.1B	1.2B	714.7M
Other Current Liab	26.8B	30.5B	57.4B	49.7B	57.8B	60.7B
Total Current Liabilities	27.2B	30.8B	57.5B	50.0B	58.6B	61.5B
Total Stockholder Equity	3.5B	3.6B	3.7B	4.0B	4.1B	2.2B
Property Plant And Equipment Net	152.2M	150M	148.6M	140.4M	139.4M	146.4M
Net Debt	949.6M	784M	832.4M	734.1M	849.7M	489.0M
Retained Earnings	512.9M	636.2M	817.1M	1.2B	1.3B	1.4B
Accounts Payable	44.9M	51.6M	68.2M	67.1M	79M	85.8M
Cash	149M	222.1M	264.3M	375.7M	301.1M	225.7M
Non Current Assets Total	5.3B	5.3B	5.4B	5.7B	5.9B	3.5B
Non Currrent Assets Other	10.1M	11.6M	23.1M	23.5M	32.3M	18.5M
Cash And Short Term Investments	229.4M	277.9M	341.6M	493.1M	419.6M	377.7M
Net Receivables	114.1M	112.8M	134.6M	167.9M	202.9M	192.8M
Common Stock Shares Outstanding	282.9M	284.8M	282.4M	280.0M	279.0M	225.2M
Short Term Investments	80.4M	55.8M	77.3M	117.4M	118.5M	110.6M
Liabilities And Stockholders Equity	32.4B	36.1B	63.2B	56.0B	64.3B	67.6B
Non Current Liabilities Total	1.7B	1.7B	2.0B	1.8B	1.5B	1.3B
Other Current Assets	26.6B	30.3B	57.1B	49.3B	57.5B	60.4B
Other Stockholder Equity	(500.8M)	(625.1M)	(805.3M)	(1.2B)	(1.3B)	(1.3B)
Total Liab	28.9B	32.5B	59.5B	51.8B	60.0B	63.0B
Property Plant And Equipment Gross	152.2M	150M	177.3M	183.6M	192.7M	202.3M
Total Current Assets	27.1B	30.8B	57.8B	50.3B	58.4B	61.3B
Accumulated Other Comprehensive Income	9M	20.6M	1.4M	(33.1M)	(12.7M)	(12.1M)
Short Term Debt	256.1M	172.4M	11.3M	274.4M	617.2M	648.1M
Intangible Assets	3.4B	3.4B	3.5B	3.7B	3.7B	2.3B
Good Will	1.6B	1.7B	1.7B	1.8B	1.8B	1.2B
Inventory	172.8M	178.4M	210.6M	260.7M	267.1M	280.5M
Common Stock Total Equity	2.9B	2.9B	3.0B	2.9B	3.4B	2.8B
Common Stock	3.0B	2.9B	2.9B	2.8B	2.8B	2.9B
Other Liab	865.1M	872.3M	888.9M	927.9M	835.1M	715.3M
Net Tangible Assets	(1.5B)	(1.4B)	(1.5B)	(1.5B)	(1.8B)	(1.8B)
Other Assets	33.7M	34.1M	47.8M	47.1M	42.4M	39.5M
Long Term Debt	747.1M	747.5M	997.1M	747.8M	448.5M	625.8M
Long Term Investments	27.4M	27.3M	45.8M	15.5M	262.5M	275.6M
Short Long Term Debt	247.8M	164.3M	2M	264M	606.6M	322.9M
Property Plant Equipment	152.2M	150M	148.6M	140.4M	161.5M	92.5M
Long Term Debt Total	842.5M	833.7M	1.1B	835.4M	960.7M	850.9M
Capital Surpluse	12.3M	12.1M	11.1M	10.9M	12.5M	12.6M

Pair Trading with TMX Group

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

Moving together with TMX Stock

0.7	BOFA	Bank of America	Pair Corr
0.68	RY-PM	Royal Bank	Pair Corr
0.7	RY-PS	Royal Bank	Pair Corr

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

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

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

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TMX Cash vs Short Term Debt Analysis

Cash vs Short Term Debt

Cash vs Short Term Debt Correlation Analysis

Correlation Coefficient

Cash

Short Term Debt

TMX Group fundamental ratios Correlations

TMX Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TMX Group fundamental ratios Accounts

Pair Trading with TMX Group

Moving together with TMX Stock

Other Information on Investing in TMX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Other Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab

Other Stockholder Equity	- 0.98	Retained Earnings
Total Current Assets	- 0.95	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.95	Other Stockholder Equity
Total Liab	- 0.95	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Other Current Assets
Other Stockholder Equity	- 0.95	Total Current Liabilities