TDb Accounts Payable vs Total Assets Analysis
| XTD Stock | CAD 1.99 0.01 0.50% |
TDb Split financial indicator trend analysis is much more than just breaking down TDb Split Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TDb Split Corp is a good investment. Please check the relationship between TDb Split Accounts Payable and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TDb Split 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 Assets
Accounts Payable vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TDb Split Corp Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between TDb Split's Accounts Payable and Total Assets is 0.41. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of TDb Split Corp, assuming nothing else is changed. The correlation between historical values of TDb Split's Accounts Payable and Total Assets 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 TDb Split Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Accounts Payable i.e., TDb Split's Accounts Payable and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.41 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents TDb Split 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 TDb Split 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 Assets
Total assets refers to the total amount of TDb Split 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 TDb Split Corp 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.Most indicators from TDb Split's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TDb Split 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TDb Split 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, TDb Split's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Issuance Of Capital Stock is likely to grow to about 13.8 M, while Sales General And Administrative To Revenue is likely to drop (0.05).
TDb Split fundamental ratios Correlations
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TDb Split Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TDb Split fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 60.5M | 87.1M | 89.7M | 88.7M | 102.0M | 53.3M | |
| Other Current Liab | (286.4K) | (675.2K) | (610.0K) | (1.6M) | (1.4M) | (1.3M) | |
| Total Current Liabilities | 286.4K | 675.2K | 610.0K | 1.6M | 1.8M | 1.9M | |
| Total Stockholder Equity | 10.4M | 26.9M | 24.1M | 14.8M | 17.1M | 14.7M | |
| Net Debt | 36.2M | 57.4M | 55.9M | 40.9M | 47.0M | 49.4M | |
| Accounts Payable | 286.4K | 675.2K | 610.0K | 1.6M | 1.8M | 1.9M | |
| Cash | 13.4M | 2.0M | 8.9M | 31.3M | 36.0M | 37.8M | |
| Non Current Assets Total | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 47.2M | |
| Non Currrent Assets Other | (47.2M) | (85.1M) | (80.9M) | (57.4M) | (51.7M) | (54.2M) | |
| Cash And Short Term Investments | 13.4M | 2.0M | 8.9M | 31.3M | 36.0M | 37.8M | |
| Net Receivables | 863.0 | 941.0 | 1.1K | 995.0 | 895.5 | 850.72 | |
| Common Stock Shares Outstanding | 3.4M | 4.9M | 5.6M | 6.9M | 7.9M | 8.3M | |
| Liabilities And Stockholders Equity | 60.5M | 87.1M | 89.7M | 88.7M | 102.0M | 53.3M | |
| Non Current Liabilities Total | 555.5K | 739.2K | 610.0K | 1.7M | 1.9M | 2.0M | |
| Total Liab | 286.4K | 675.2K | 65.6M | 1.6M | 1.8M | 1.7M | |
| Total Current Assets | 13.4M | 2.0M | 8.9M | 31.3M | 36.0M | 37.8M | |
| Common Stock | 10.4M | 26.9M | 24.1M | 14.8M | 17.1M | 19.7M | |
| Net Tangible Assets | 19.8M | 10.4M | 26.9M | 24.1M | 27.7M | 21.1M | |
| Short Term Investments | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 62.9M | |
| Long Term Investments | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 65.3M | |
| Short Long Term Debt Total | 49.5M | 59.4M | 64.8M | 72.2M | 83.0M | 61.5M | |
| Current Deferred Revenue | (49.3M) | (58.7M) | (64.1M) | (70.6M) | (63.5M) | (66.7M) | |
| Short Term Debt | 49.5M | 59.4M | 64.8M | 72.2M | 83.0M | 61.5M |
Pair Trading with TDb Split
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 TDb Split 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 TDb Split will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TDb Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDb Split 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 TDb Split - 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 TDb Split Corp to buy it.
The correlation of TDb Split 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 TDb Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDb Split Corp 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 TDb Split 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.Other Information on Investing in TDb Stock
Balance Sheet is a snapshot of the financial position of TDb Split Corp at a specified time, usually calculated after every quarter, six months, or one year. TDb Split Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TDb Split 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 TDb currently owns. An asset can also be divided into two categories, current and non-current.