TDb Short Long Term Debt Total vs Current Deferred Revenue 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 Short Long Term Debt Total and its Current Deferred Revenue 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.
Short Long Term Debt Total vs Current Deferred Revenue
Short Long Term Debt Total vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TDb Split Corp Short Long Term Debt Total account and Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between TDb Split's Short Long Term Debt Total and Current Deferred Revenue is -0.96. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Current Deferred Revenue 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 Short Long Term Debt Total and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of TDb Split Corp are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Short Long Term Debt Total i.e., TDb Split's Short Long Term Debt Total and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.96 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Short Long Term Debt Total
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.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.