Trican Historical Balance Sheet

TCW Stock

CAD 4.97 0.02 0.40%

Trend analysis of Trican Well Service balance sheet accounts such as Property Plant And Equipment Net of 548.5 M, Accounts Payable of 78.4 M, Cash of 44.4 M or Non Current Assets Total of 659.1 M provides information on Trican Well's total assets, liabilities, and equity, which is the actual value of Trican Well Service to its prevalent stockholders. By breaking down trends over time using Trican Well balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Trican Well Service 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 Trican Well Service is a good buy for the upcoming year.

Trican Well Inventory

20.47 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trican Well Service. 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.

About Trican Balance Sheet Analysis

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

Trican Well Balance Sheet Chart

At this time, Trican Well's Net Receivables is very stable compared to the past year. As of the 25th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 985.9 M, while Total Current Liabilities is likely to drop about 133.8 M.

Total Assets Total Current Liabilities Total Stockholder Equity Property Plant And Equipment Net

Add Fundamental

Total Assets

Total assets refers to the total amount of Trican Well 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 Trican Well Service 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.

Total Current Liabilities

Total Current Liabilities is an item on Trican Well balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Trican Well Service are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most accounts from Trican Well's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Trican Well Service current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 Trican Well Service. 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.

	2021	2022	2023	2024 (projected)
Total Stockholder Equity	489.4M	504.7M	517.1M	628.7M
Total Current Liabilities	77.6M	93.9M	144.4M	133.8M

Total Stockholder Equity Total Current Liabilities

Trican Well balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Term Debt	Intangible Assets	Current Deferred Revenue	Common Stock Total Equity
Total Assets		-0.28	0.94	0.95	0.98	0.86	0.87	0.84	0.67	0.98	0.66	0.94	-0.23	0.93	0.73	0.32	0.95	0.78	0.95	0.89	0.44	0.92	0.52	0.42	0.72	-0.44
Other Current Liab	-0.28		-0.17	-0.24	-0.28	-0.5	-0.34	-0.18	0.14	-0.33	0.12	-0.16	0.15	-0.35	-0.38	-0.04	-0.29	0.07	-0.18	-0.43	-0.49	-0.42	-0.38	-0.41	-0.04	0.39
Total Current Liabilities	0.94	-0.17		0.83	0.92	0.86	0.84	0.85	0.71	0.88	0.7	0.94	-0.35	0.94	0.6	0.33	0.96	0.79	0.96	0.9	0.39	0.91	0.65	0.35	0.72	-0.51
Total Stockholder Equity	0.95	-0.24	0.83		0.93	0.69	0.77	0.82	0.58	0.96	0.56	0.87	0.01	0.78	0.8	0.38	0.8	0.75	0.86	0.71	0.35	0.77	0.35	0.52	0.59	-0.2
Property Plant And Equipment Net	0.98	-0.28	0.92	0.93		0.87	0.85	0.8	0.68	0.97	0.66	0.9	-0.21	0.94	0.7	0.29	0.94	0.81	0.93	0.9	0.42	0.92	0.56	0.4	0.73	-0.45
Net Debt	0.86	-0.5	0.86	0.69	0.87		0.82	0.61	0.52	0.84	0.53	0.77	-0.46	0.96	0.54	0.03	0.95	0.63	0.83	0.99	0.54	0.98	0.72	0.33	0.78	-0.69
Retained Earnings	0.87	-0.34	0.84	0.77	0.85	0.82		0.81	0.71	0.8	0.71	0.88	-0.59	0.89	0.61	0.37	0.88	0.63	0.9	0.85	0.54	0.88	0.43	0.13	0.53	-0.72
Accounts Payable	0.84	-0.18	0.85	0.82	0.8	0.61	0.81		0.73	0.76	0.72	0.94	-0.26	0.77	0.59	0.75	0.78	0.66	0.91	0.66	0.36	0.72	0.37	0.24	0.34	-0.44
Cash	0.67	0.14	0.71	0.58	0.68	0.52	0.71	0.73		0.54	0.98	0.79	-0.38	0.69	0.3	0.53	0.69	0.79	0.81	0.61	0.19	0.65	0.24	-0.24	0.38	-0.47
Non Current Assets Total	0.98	-0.33	0.88	0.96	0.97	0.84	0.8	0.76	0.54		0.54	0.86	-0.13	0.87	0.75	0.23	0.9	0.73	0.87	0.85	0.46	0.88	0.53	0.53	0.72	-0.34
Cash And Short Term Investments	0.66	0.12	0.7	0.56	0.66	0.53	0.71	0.72	0.98	0.54		0.78	-0.41	0.67	0.27	0.53	0.69	0.76	0.8	0.62	0.23	0.66	0.22	-0.31	0.38	-0.51
Net Receivables	0.94	-0.16	0.94	0.87	0.9	0.77	0.88	0.94	0.79	0.86	0.78		-0.31	0.89	0.65	0.5	0.91	0.8	0.99	0.82	0.35	0.87	0.39	0.24	0.62	-0.49
Common Stock Shares Outstanding	-0.23	0.15	-0.35	0.01	-0.21	-0.46	-0.59	-0.26	-0.38	-0.13	-0.41	-0.31		-0.44	0.08	-0.09	-0.45	-0.04	-0.37	-0.48	-0.45	-0.45	-0.34	0.42	-0.16	0.87
Inventory	0.93	-0.35	0.94	0.78	0.94	0.96	0.89	0.77	0.69	0.87	0.67	0.89	-0.44		0.59	0.22	0.98	0.76	0.94	0.98	0.49	0.98	0.67	0.31	0.75	-0.66
Other Current Assets	0.73	-0.38	0.6	0.8	0.7	0.54	0.61	0.59	0.3	0.75	0.27	0.65	0.08	0.59		0.25	0.59	0.46	0.63	0.54	-0.01	0.59	0.23	0.55	0.43	-0.12
Other Stockholder Equity	0.32	-0.04	0.33	0.38	0.29	0.03	0.37	0.75	0.53	0.23	0.53	0.5	-0.09	0.22	0.25		0.23	0.24	0.45	0.1	0.09	0.17	-0.01	-0.09	-0.31	-0.2
Total Liab	0.95	-0.29	0.96	0.8	0.94	0.95	0.88	0.78	0.69	0.9	0.69	0.91	-0.45	0.98	0.59	0.23		0.74	0.95	0.97	0.48	0.98	0.64	0.28	0.78	-0.64
Property Plant And Equipment Gross	0.78	0.07	0.79	0.75	0.81	0.63	0.63	0.66	0.79	0.73	0.76	0.8	-0.04	0.76	0.46	0.24	0.74		0.81	0.69	0.09	0.71	0.39	0.16	0.65	-0.24
Total Current Assets	0.95	-0.18	0.96	0.86	0.93	0.83	0.9	0.91	0.81	0.87	0.8	0.99	-0.37	0.94	0.63	0.45	0.95	0.81		0.88	0.37	0.92	0.48	0.21	0.66	-0.56
Short Long Term Debt Total	0.89	-0.43	0.9	0.71	0.9	0.99	0.85	0.66	0.61	0.85	0.62	0.82	-0.48	0.98	0.54	0.1	0.97	0.69	0.88		0.52	0.99	0.7	0.27	0.78	-0.7
Non Currrent Assets Other	0.44	-0.49	0.39	0.35	0.42	0.54	0.54	0.36	0.19	0.46	0.23	0.35	-0.45	0.49	-0.01	0.09	0.48	0.09	0.37	0.52		0.53	0.41	0.23	0.24	-0.49
Non Current Liabilities Total	0.92	-0.42	0.91	0.77	0.92	0.98	0.88	0.72	0.65	0.88	0.66	0.87	-0.45	0.98	0.59	0.17	0.98	0.71	0.92	0.99	0.53		0.63	0.28	0.77	-0.67
Short Term Debt	0.52	-0.38	0.65	0.35	0.56	0.72	0.43	0.37	0.24	0.53	0.22	0.39	-0.34	0.67	0.23	-0.01	0.64	0.39	0.48	0.7	0.41	0.63		0.4	0.43	-0.47
Intangible Assets	0.42	-0.41	0.35	0.52	0.4	0.33	0.13	0.24	-0.24	0.53	-0.31	0.24	0.42	0.31	0.55	-0.09	0.28	0.16	0.21	0.27	0.23	0.28	0.4		0.33	0.3
Current Deferred Revenue	0.72	-0.04	0.72	0.59	0.73	0.78	0.53	0.34	0.38	0.72	0.38	0.62	-0.16	0.75	0.43	-0.31	0.78	0.65	0.66	0.78	0.24	0.77	0.43	0.33		-0.31
Common Stock Total Equity	-0.44	0.39	-0.51	-0.2	-0.45	-0.69	-0.72	-0.44	-0.47	-0.34	-0.51	-0.49	0.87	-0.66	-0.12	-0.2	-0.64	-0.24	-0.56	-0.7	-0.49	-0.67	-0.47	0.3	-0.31

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Trican Well Account Relationship Matchups

Trican Well balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	926.5M	563.2M	577.8M	671.1M	710.4M	985.9M
Other Current Liab	2.9M	26.9M	35.8M	37.9M	89.6M	94.1M
Total Current Liabilities	92.9M	60.6M	77.6M	93.9M	144.4M	133.8M
Total Stockholder Equity	741.1M	492.3M	489.4M	504.7M	517.1M	628.7M
Property Plant And Equipment Net	528.4M	414.7M	383.0M	404.8M	412.8M	548.5M
Net Debt	58.5M	(8.8M)	(19.2M)	(15.7M)	(70.6M)	(67.1M)
Retained Earnings	(335.3M)	(525.9M)	(492.2M)	(410.3M)	(319.4M)	(303.4M)
Accounts Payable	48.7M	30.3M	39.3M	53.0M	50.4M	78.4M
Cash	7.2M	22.6M	29.5M	58.1M	88.8M	44.4M
Non Current Assets Total	693.8M	440.8M	396.5M	407.9M	412.8M	659.1M
Cash And Short Term Investments	7.2M	22.6M	29.5M	58.1M	88.8M	45.6M
Net Receivables	148.5M	73.5M	128.8M	175.4M	181.1M	198.7M
Common Stock Shares Outstanding	288.5M	263.8M	257.8M	246.7M	221.5M	170.3M
Liabilities And Stockholders Equity	926.5M	563.2M	577.8M	671.1M	710.4M	985.9M
Inventory	29.6M	21.6M	19.0M	24.7M	21.5M	20.5M
Other Current Assets	47.5M	4.8M	4.0M	5.0M	6.2M	5.9M
Other Stockholder Equity	87.7M	89.4M	87.8M	85.8M	83.3M	134.3M
Total Liab	185.4M	70.9M	88.4M	166.5M	193.4M	356.3M
Property Plant And Equipment Gross	528.4M	414.7M	1.1B	1.0B	1.0B	622.1M
Total Current Assets	232.7M	122.5M	181.3M	263.3M	297.6M	326.8M
Short Long Term Debt Total	65.7M	13.8M	10.3M	42.4M	18.1M	17.2M
Non Currrent Assets Other	(693.8M)	(36.5M)	(396.5M)	(407.9M)	(367.1M)	(348.7M)
Non Current Liabilities Total	92.5M	10.3M	10.9M	72.6M	48.9M	46.5M
Short Term Debt	4.5M	3.5M	2.4M	3.0M	4.4M	4.2M
Intangible Assets	34.4M	24.0M	13.5M	3.0M	3.5M	3.3M
Common Stock Total Equity	1.2B	1.1B	989.0M	928.0M	1.1B	870.3M
Common Stock	989.0M	928.0M	893.8M	829.2M	753.1M	879.7M
Other Liab	61.9M	31.2M	3.0M	33.2M	29.8M	47.5M
Net Tangible Assets	575.7M	468.3M	475.9M	501.6M	451.5M	563.1M
Long Term Debt	74.7M	39.1M	46.2M	29.8M	26.8M	25.5M
Property Plant Equipment	528.4M	414.7M	383.0M	404.8M	364.3M	562.4M
Long Term Debt Total	61.2M	10.3M	7.9M	39.4M	35.5M	33.7M
Capital Surpluse	87.7M	89.4M	87.8M	85.8M	98.7M	90.6M
Capital Lease Obligations	19.5M	13.8M	10.3M	12.6M	18.1M	12.2M

Pair Trading with Trican Well

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 Trican Well 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 Trican Well will appreciate offsetting losses from the drop in the long position's value.

Moving against Trican Stock

0.43	ENS	E Split Corp	Pair Corr
0.36	ENB-PFV	Enbridge Pref 5	Pair Corr

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

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

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Trican Historical Balance Sheet

Trican Well Inventory

20.47 Million

About Trican Balance Sheet Analysis

Trican Well Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Property Plant And Equipment Net

Trican Well balance sheet Correlations

Trican Well Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trican Well balance sheet Accounts

Pair Trading with Trican Well

Moving against Trican Stock

Other Information on Investing in Trican Stock

COMMON DESTINATIONS

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Short Long Term Debt Total	+ 0.99	Net Debt
Total Current Assets	+ 0.99	Net Receivables
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Net Debt

Common Stock Total Equity	- 0.72	Retained Earnings
Common Stock Total Equity	- 0.7	Short Long Term Debt Total
Common Stock Total Equity	- 0.69	Net Debt
Common Stock Total Equity	- 0.67	Non Current Liabilities Total
Common Stock Total Equity	- 0.66	Inventory
Common Stock Total Equity	- 0.64	Total Liab