Toromont Historical Balance Sheet

TIH Stock

CAD 116.74 0.67 0.58%

Trend analysis of Toromont Industries balance sheet accounts such as Total Stockholder Equity of 2.8 B, Property Plant And Equipment Net of 1.3 B, Retained Earnings of 2.2 B or Accounts Payable of 362.9 M provides information on Toromont Industries' total assets, liabilities, and equity, which is the actual value of Toromont Industries to its prevalent stockholders. By breaking down trends over time using Toromont Industries 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 Toromont Industries 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 Toromont Industries is a good buy for the upcoming year.

Toromont Industries Inventory

1.18 Billion

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toromont Industries. 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 Toromont Balance Sheet Analysis

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

Toromont Industries Balance Sheet Chart

At this time, Toromont Industries' Retained Earnings are very stable compared to the past year. As of the 22nd of November 2024, Cash is likely to grow to about 1.1 B, though Net Debt is likely to grow to (349.5 M).

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Total Assets

Total assets refers to the total amount of Toromont Industries 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 Toromont Industries 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 Toromont Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Toromont Industries 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.

Most accounts from Toromont Industries' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Toromont Industries 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 Toromont Industries. 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)
Short and Long Term Debt Total	658.1M	663.2M	672.9M	706.5M
Total Assets	3.6B	4.2B	4.6B	4.8B

Short Long Term Debt Total Total Assets

Toromont Industries balance sheet Correlations

	Total Assets	Short Long Term Debt Total	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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Term Investments	Good Will	Current Deferred Revenue
Total Assets		0.9	0.36	0.96	0.97	0.99	-0.34	0.96	0.77	0.91	0.99	0.12	0.91	0.84	0.59	0.91	0.98	0.55	-0.17	0.96	0.95	0.99	0.11	-0.44	0.89	0.9
Short Long Term Debt Total	0.9		0.4	0.88	0.79	0.92	0.06	0.75	0.82	0.7	0.95	0.2	0.7	0.88	0.56	1.0	0.88	0.4	-0.2	0.97	0.76	0.85	0.02	-0.39	0.95	0.7
Other Current Liab	0.36	0.4		0.46	0.28	0.4	0.09	0.22	0.59	0.21	0.41	0.31	0.21	0.54	0.65	0.39	0.36	-0.32	-0.12	0.44	0.17	0.32	0.09	-0.55	0.33	0.03
Total Current Liabilities	0.96	0.88	0.46		0.89	0.97	-0.22	0.87	0.88	0.81	0.97	0.14	0.81	0.86	0.62	0.89	0.97	0.46	-0.14	0.97	0.86	0.94	0.12	-0.46	0.89	0.8
Total Stockholder Equity	0.97	0.79	0.28	0.89		0.95	-0.53	1.0	0.63	0.97	0.92	0.06	0.97	0.74	0.55	0.8	0.94	0.59	-0.16	0.87	0.98	0.99	0.16	-0.42	0.8	0.94
Property Plant And Equipment Net	0.99	0.92	0.4	0.97	0.95		-0.26	0.93	0.8	0.87	0.99	0.11	0.87	0.87	0.64	0.92	0.98	0.48	-0.19	0.97	0.92	0.98	0.12	-0.5	0.89	0.85
Net Debt	-0.34	0.06	0.09	-0.22	-0.53	-0.26		-0.57	0.09	-0.67	-0.2	0.21	-0.67	0.01	-0.04	0.03	-0.26	-0.52	-0.08	-0.09	-0.56	-0.44	-0.18	0.0	-0.07	-0.57
Retained Earnings	0.96	0.75	0.22	0.87	1.0	0.93	-0.57		0.59	0.97	0.9	0.05	0.97	0.7	0.49	0.77	0.92	0.65	-0.17	0.84	0.98	0.98	0.17	-0.36	0.78	0.95
Accounts Payable	0.77	0.82	0.59	0.88	0.63	0.8	0.09	0.59		0.54	0.83	0.26	0.54	0.91	0.63	0.83	0.78	0.21	-0.16	0.88	0.59	0.72	-0.04	-0.43	0.85	0.5
Cash	0.91	0.7	0.21	0.81	0.97	0.87	-0.67	0.97	0.54		0.85	0.0	1.0	0.64	0.43	0.72	0.84	0.68	-0.09	0.79	0.98	0.95	0.14	-0.29	0.75	0.94
Non Current Assets Total	0.99	0.95	0.41	0.97	0.92	0.99	-0.2	0.9	0.83	0.85		0.14	0.85	0.88	0.61	0.96	0.97	0.49	-0.2	0.99	0.9	0.96	0.09	-0.45	0.93	0.83
Non Currrent Assets Other	0.12	0.2	0.31	0.14	0.06	0.11	0.21	0.05	0.26	0.0	0.14		0.0	0.3	0.07	0.21	0.16	0.0	-0.41	0.18	0.06	0.1	-0.39	0.02	0.19	0.09
Cash And Short Term Investments	0.91	0.7	0.21	0.81	0.97	0.87	-0.67	0.97	0.54	1.0	0.85	0.0		0.64	0.43	0.72	0.84	0.68	-0.09	0.79	0.98	0.95	0.14	-0.29	0.75	0.94
Net Receivables	0.84	0.88	0.54	0.86	0.74	0.87	0.01	0.7	0.91	0.64	0.88	0.3	0.64		0.74	0.88	0.84	0.21	-0.24	0.89	0.7	0.8	0.04	-0.54	0.87	0.6
Common Stock Shares Outstanding	0.59	0.56	0.65	0.62	0.55	0.64	-0.04	0.49	0.63	0.43	0.61	0.07	0.43	0.74		0.55	0.64	-0.32	-0.05	0.6	0.49	0.57	0.13	-0.95	0.41	0.28
Non Current Liabilities Total	0.91	1.0	0.39	0.89	0.8	0.92	0.03	0.77	0.83	0.72	0.96	0.21	0.72	0.88	0.55		0.88	0.42	-0.19	0.97	0.78	0.86	-0.05	-0.38	0.95	0.72
Inventory	0.98	0.88	0.36	0.97	0.94	0.98	-0.26	0.92	0.78	0.84	0.97	0.16	0.84	0.84	0.64	0.88		0.47	-0.17	0.95	0.91	0.97	0.1	-0.51	0.85	0.86
Other Current Assets	0.55	0.4	-0.32	0.46	0.59	0.48	-0.52	0.65	0.21	0.68	0.49	0.0	0.68	0.21	-0.32	0.42	0.47		-0.09	0.45	0.64	0.58	0.01	0.46	0.58	0.79
Other Stockholder Equity	-0.17	-0.2	-0.12	-0.14	-0.16	-0.19	-0.08	-0.17	-0.16	-0.09	-0.2	-0.41	-0.09	-0.24	-0.05	-0.19	-0.17	-0.09		-0.17	-0.12	-0.15	-0.14	-0.03	-0.22	-0.09
Total Liab	0.96	0.97	0.44	0.97	0.87	0.97	-0.09	0.84	0.88	0.79	0.99	0.18	0.79	0.89	0.6	0.97	0.95	0.45	-0.17		0.84	0.93	0.03	-0.43	0.95	0.78
Property Plant And Equipment Gross	0.95	0.76	0.17	0.86	0.98	0.92	-0.56	0.98	0.59	0.98	0.9	0.06	0.98	0.7	0.49	0.78	0.91	0.64	-0.12	0.84		0.98	0.1	-0.37	0.78	0.96
Total Current Assets	0.99	0.85	0.32	0.94	0.99	0.98	-0.44	0.98	0.72	0.95	0.96	0.1	0.95	0.8	0.57	0.86	0.97	0.58	-0.15	0.93	0.98		0.12	-0.43	0.85	0.93
Short Term Debt	0.11	0.02	0.09	0.12	0.16	0.12	-0.18	0.17	-0.04	0.14	0.09	-0.39	0.14	0.04	0.13	-0.05	0.1	0.01	-0.14	0.03	0.1	0.12		-0.15	0.01	0.07
Short Term Investments	-0.44	-0.39	-0.55	-0.46	-0.42	-0.5	0.0	-0.36	-0.43	-0.29	-0.45	0.02	-0.29	-0.54	-0.95	-0.38	-0.51	0.46	-0.03	-0.43	-0.37	-0.43	-0.15		-0.19	-0.16
Good Will	0.89	0.95	0.33	0.89	0.8	0.89	-0.07	0.78	0.85	0.75	0.93	0.19	0.75	0.87	0.41	0.95	0.85	0.58	-0.22	0.95	0.78	0.85	0.01	-0.19		0.76
Current Deferred Revenue	0.9	0.7	0.03	0.8	0.94	0.85	-0.57	0.95	0.5	0.94	0.83	0.09	0.94	0.6	0.28	0.72	0.86	0.79	-0.09	0.78	0.96	0.93	0.07	-0.16	0.76

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Toromont Industries Account Relationship Matchups

Toromont Industries balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	3.3B	3.6B	4.2B	4.6B	4.8B
Short Long Term Debt Total	691.0M	712.9M	658.1M	663.2M	672.9M	706.5M
Other Current Liab	34.1M	61.1M	32.8M	48.6M	13.9M	22.7M
Total Current Liabilities	995.0M	794.2M	813.7M	1.1B	1.1B	1.1B
Total Stockholder Equity	1.5B	1.7B	2.0B	2.3B	2.7B	2.8B
Property Plant And Equipment Net	1.1B	987.7M	995.1M	1.1B	1.3B	1.3B
Net Debt	301.6M	71.7M	(258.7M)	(264.6M)	(367.9M)	(349.5M)
Retained Earnings	1.0B	1.2B	1.4B	1.7B	2.1B	2.2B
Accounts Payable	819.9M	584.0M	573.4M	691.1M	654.7M	362.9M
Cash	365.6M	591.1M	916.8M	927.8M	1.0B	1.1B
Non Current Assets Total	1.5B	1.5B	1.5B	1.6B	1.8B	1.8B
Non Currrent Assets Other	11.1M	8.3M	5.0M	29.6M	4.3M	4.1M
Cash And Short Term Investments	365.6M	591.1M	916.8M	927.8M	1.0B	1.1B
Net Receivables	534.4M	541.7M	451.9M	579.7M	627.2M	319.9M
Common Stock Shares Outstanding	82.1M	82.6M	83.3M	83.0M	82.9M	77.1M
Liabilities And Stockholders Equity	3.4B	3.3B	3.6B	4.2B	4.6B	4.8B
Non Current Liabilities Total	842.5M	853.9M	816.8M	800.0M	821.9M	863.0M
Inventory	912.2M	728.4M	720.4M	1.0B	1.1B	1.2B
Other Current Assets	12.1M	10.9M	14.0M	17.4M	23.7M	24.9M
Other Stockholder Equity	13.1M	14.2M	16.4M	19.3M	27.3M	52.2M
Total Liab	1.8B	1.6B	1.6B	1.9B	1.9B	2.0B
Property Plant And Equipment Gross	1.1B	993.0M	1.8B	2.0B	2.3B	2.4B
Total Current Assets	1.8B	1.9B	2.1B	2.6B	2.8B	3.0B
Accumulated Other Comprehensive Income	(341K)	(1.4M)	4.7M	13.4M	(6.2M)	(5.9M)
Short Term Debt	23.8M	50.1M	7.8M	7.7M	37.3M	39.1M
Current Deferred Revenue	140.9M	149.1M	199.7M	309.3M	360.1M	378.2M
Common Stock Total Equity	444.4M	457.8M	490.0M	516.6M	594.1M	384.4M
Common Stock	490.0M	516.6M	539.7M	561.1M	582.8M	438.2M
Intangible Assets	389.1M	384.4M	381.3M	378.8M	376.3M	236.3M
Other Liab	175.3M	191.1M	158.6M	136.8M	157.3M	117.9M
Net Tangible Assets	1.1B	1.2B	1.5B	1.9B	2.1B	1.1B
Other Assets	12.3M	8.8M	5.2M	30.5M	35.1M	36.9M
Long Term Debt	645.5M	646.3M	646.3M	647.1M	647.8M	521.0M
Property Plant Equipment	1.1B	987.7M	995.1M	1.1B	1.3B	833.5M
Long Term Debt Total	667.2M	662.9M	658.1M	663.2M	762.7M	617.7M
Capital Surpluse	13.1M	14.2M	16.4M	19.3M	22.2M	14.0M
Net Invested Capital	2.2B	2.3B	2.6B	3.0B	3.3B	2.7B

Pair Trading with Toromont Industries

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 Toromont Industries 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 Toromont Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Toromont Stock

0.62	JPM	JPMorgan Chase	Pair Corr
0.53	RY-PS	Royal Bank	Pair Corr
0.49	BOFA	Bank of America	Pair Corr
0.44	RY-PO	Royal Bank	Pair Corr
0.44	RY-PM	Royal Bank	Pair Corr

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

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

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Toromont Historical Balance Sheet

Toromont Industries Inventory

1.18 Billion

About Toromont Balance Sheet Analysis

Toromont Industries Balance Sheet Chart

Total Assets

Total Current Liabilities

Toromont Industries balance sheet Correlations

Toromont Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toromont Industries balance sheet Accounts

Pair Trading with Toromont Industries

Moving against Toromont Stock

Other Information on Investing in Toromont Stock

COMMON DESTINATIONS

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Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Short Term Investments	- 0.95	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.67	Net Debt
Cash	- 0.67	Net Debt
Current Deferred Revenue	- 0.57	Net Debt
Retained Earnings	- 0.57	Net Debt
Property Plant And Equipment Gross	- 0.56	Net Debt