Toronto Good Will vs Retained Earnings Analysis

TD Stock

CAD 81.20 0.44 0.54%

Toronto Dominion financial indicator trend analysis is much more than just breaking down Toronto Dominion Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toronto Dominion Bank is a good investment. Please check the relationship between Toronto Dominion Good Will and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Good Will vs Retained Earnings

Good Will vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toronto Dominion Bank Good Will account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Toronto Dominion's Good Will and Retained Earnings is 0.81. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Toronto Dominion Bank, assuming nothing else is changed. The correlation between historical values of Toronto Dominion's Good Will and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Toronto Dominion Bank are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Good Will i.e., Toronto Dominion's Good Will and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Toronto Dominion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toronto Dominion Bank 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

At this time, Toronto Dominion's Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Issuance Of Capital Stock is likely to grow to about 12.3 B, while Tax Provision is likely to drop about 2.9 B.

	2021	2023	2024 (projected)
Interest Expense	13.7B	58.3B	61.3B
Depreciation And Amortization	1.8B	2.0B	1.2B

Interest Expense Depreciation And Amortization

Toronto Dominion fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Other Current Assets	Other Current Liab	Good Will	Intangible Assets	Common Stock
Total Assets		0.81	0.92	1.0	0.97	0.64	0.99	0.93	0.8	0.97	-0.93	0.99	0.87	0.55	0.83	-0.58	1.0	0.95	0.91	0.95	0.44	-0.47	-0.87	0.86	0.47	0.81
Short Long Term Debt Total	0.81		0.89	0.8	0.73	0.95	0.85	0.85	0.55	0.9	-0.84	0.76	0.51	0.33	0.99	-0.43	0.81	0.83	0.58	0.9	0.38	-0.19	-0.83	0.63	0.49	0.57
Total Current Liabilities	0.92	0.89		0.92	0.84	0.77	0.94	0.92	0.68	0.91	-0.86	0.91	0.76	0.34	0.92	-0.37	0.92	0.87	0.8	0.97	0.42	-0.22	-0.97	0.76	0.41	0.65
Total Stockholder Equity	1.0	0.8	0.92		0.95	0.64	0.99	0.93	0.78	0.97	-0.93	0.99	0.86	0.57	0.82	-0.59	1.0	0.93	0.9	0.95	0.45	-0.49	-0.87	0.87	0.49	0.82
Property Plant And Equipment Net	0.97	0.73	0.84	0.95		0.51	0.95	0.87	0.9	0.94	-0.9	0.93	0.93	0.49	0.74	-0.54	0.97	0.97	0.96	0.88	0.41	-0.42	-0.8	0.78	0.35	0.76
Net Debt	0.64	0.95	0.77	0.64	0.51		0.69	0.72	0.26	0.75	-0.66	0.6	0.25	0.26	0.94	-0.34	0.64	0.64	0.33	0.79	0.2	-0.12	-0.7	0.51	0.58	0.42
Retained Earnings	0.99	0.85	0.94	0.99	0.95	0.69		0.92	0.79	0.98	-0.93	0.96	0.85	0.45	0.87	-0.49	0.99	0.96	0.89	0.97	0.4	-0.35	-0.9	0.81	0.44	0.75
Accounts Payable	0.93	0.85	0.92	0.93	0.87	0.72	0.92		0.7	0.92	-0.87	0.92	0.76	0.5	0.87	-0.54	0.93	0.85	0.82	0.89	0.53	-0.39	-0.87	0.83	0.53	0.72
Cash	0.8	0.55	0.68	0.78	0.9	0.26	0.79	0.7		0.78	-0.81	0.74	0.93	0.31	0.55	-0.38	0.8	0.86	0.93	0.66	0.54	-0.26	-0.68	0.6	0.02	0.61
Non Current Assets Total	0.97	0.9	0.91	0.97	0.94	0.75	0.98	0.92	0.78		-0.95	0.94	0.79	0.49	0.9	-0.56	0.97	0.97	0.84	0.95	0.43	-0.39	-0.85	0.8	0.48	0.76
Non Currrent Assets Other	-0.93	-0.84	-0.86	-0.93	-0.9	-0.66	-0.93	-0.87	-0.81	-0.95		-0.9	-0.78	-0.54	-0.83	0.62	-0.93	-0.91	-0.83	-0.89	-0.57	0.45	0.88	-0.83	-0.38	-0.82
Other Assets	0.99	0.76	0.91	0.99	0.93	0.6	0.96	0.92	0.74	0.94	-0.9		0.84	0.61	0.79	-0.62	0.99	0.89	0.88	0.94	0.45	-0.54	-0.87	0.89	0.51	0.84
Cash And Short Term Investments	0.87	0.51	0.76	0.86	0.93	0.25	0.85	0.76	0.93	0.79	-0.78	0.84		0.35	0.54	-0.35	0.87	0.87	0.99	0.74	0.39	-0.3	-0.74	0.69	0.14	0.65
Common Stock Shares Outstanding	0.55	0.33	0.34	0.57	0.49	0.26	0.45	0.5	0.31	0.49	-0.54	0.61	0.35		0.3	-0.88	0.55	0.39	0.4	0.43	0.44	-0.91	-0.35	0.8	0.64	0.9
Non Current Liabilities Total	0.83	0.99	0.92	0.82	0.74	0.94	0.87	0.87	0.55	0.9	-0.83	0.79	0.54	0.3		-0.38	0.83	0.83	0.61	0.92	0.36	-0.16	-0.87	0.66	0.51	0.56
Other Stockholder Equity	-0.58	-0.43	-0.37	-0.59	-0.54	-0.34	-0.49	-0.54	-0.38	-0.56	0.62	-0.62	-0.35	-0.88	-0.38		-0.58	-0.45	-0.41	-0.47	-0.53	0.93	0.39	-0.66	-0.43	-0.82
Total Liab	1.0	0.81	0.92	1.0	0.97	0.64	0.99	0.93	0.8	0.97	-0.93	0.99	0.87	0.55	0.83	-0.58		0.95	0.91	0.95	0.44	-0.47	-0.87	0.86	0.47	0.81
Property Plant And Equipment Gross	0.95	0.83	0.87	0.93	0.97	0.64	0.96	0.85	0.86	0.97	-0.91	0.89	0.87	0.39	0.83	-0.45	0.95		0.9	0.91	0.32	-0.29	-0.81	0.71	0.36	0.69
Total Current Assets	0.91	0.58	0.8	0.9	0.96	0.33	0.89	0.82	0.93	0.84	-0.83	0.88	0.99	0.4	0.61	-0.41	0.91	0.9		0.79	0.46	-0.34	-0.78	0.74	0.19	0.69
Short Term Debt	0.95	0.9	0.97	0.95	0.88	0.79	0.97	0.89	0.66	0.95	-0.89	0.94	0.74	0.43	0.92	-0.47	0.95	0.91	0.79		0.31	-0.32	-0.92	0.78	0.51	0.71
Net Receivables	0.44	0.38	0.42	0.45	0.41	0.2	0.4	0.53	0.54	0.43	-0.57	0.45	0.39	0.44	0.36	-0.53	0.44	0.32	0.46	0.31		-0.44	-0.52	0.52	-0.04	0.53
Other Current Assets	-0.47	-0.19	-0.22	-0.49	-0.42	-0.12	-0.35	-0.39	-0.26	-0.39	0.45	-0.54	-0.3	-0.91	-0.16	0.93	-0.47	-0.29	-0.34	-0.32	-0.44		0.24	-0.65	-0.46	-0.78
Other Current Liab	-0.87	-0.83	-0.97	-0.87	-0.8	-0.7	-0.9	-0.87	-0.68	-0.85	0.88	-0.87	-0.74	-0.35	-0.87	0.39	-0.87	-0.81	-0.78	-0.92	-0.52	0.24		-0.77	-0.33	-0.67
Good Will	0.86	0.63	0.76	0.87	0.78	0.51	0.81	0.83	0.6	0.8	-0.83	0.89	0.69	0.8	0.66	-0.66	0.86	0.71	0.74	0.78	0.52	-0.65	-0.77		0.67	0.95
Intangible Assets	0.47	0.49	0.41	0.49	0.35	0.58	0.44	0.53	0.02	0.48	-0.38	0.51	0.14	0.64	0.51	-0.43	0.47	0.36	0.19	0.51	-0.04	-0.46	-0.33	0.67		0.58
Common Stock	0.81	0.57	0.65	0.82	0.76	0.42	0.75	0.72	0.61	0.76	-0.82	0.84	0.65	0.9	0.56	-0.82	0.81	0.69	0.69	0.71	0.53	-0.78	-0.67	0.95	0.58

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Toronto Dominion Account Relationship Matchups

Toronto Dominion fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7T	1.7T	1.9T	2.0T	2.3T	2.4T
Short Long Term Debt Total	37.9B	41.0B	256.8B	374.0B	430.1B	451.6B
Total Current Liabilities	164.0B	156.7B	166.3B	248.1B	285.3B	299.6B
Total Stockholder Equity	95.5B	99.8B	111.4B	112.1B	128.9B	135.4B
Property Plant And Equipment Net	10.1B	9.2B	9.4B	9.4B	10.8B	11.4B
Net Debt	(129.6B)	90.9B	228.2B	291.7B	335.4B	352.2B
Retained Earnings	53.8B	63.9B	73.7B	73.0B	84.0B	88.2B
Accounts Payable	35.1B	37.2B	32.1B	43.7B	50.3B	52.8B
Cash	170.6B	165.9B	145.9B	105.1B	120.8B	126.9B
Non Current Assets Total	286.5B	385.8B	531.9B	592.2B	681.1B	715.1B
Non Currrent Assets Other	(286.5B)	(385.8B)	(531.9B)	(592.2B)	(533.0B)	(506.4B)
Other Assets	966.7B	1.0T	941.8B	1.1T	1.3T	1.3T
Cash And Short Term Investments	141.6B	273.9B	209.5B	179.7B	206.6B	217.0B
Common Stock Shares Outstanding	1.8B	1.8B	1.8B	1.8B	2.1B	1.7B
Liabilities And Stockholders Equity	1.4T	1.7T	1.7T	1.9T	2.2T	2.3T
Non Current Liabilities Total	38.1B	41.2B	127.9B	248.1B	285.3B	299.6B
Other Stockholder Equity	220M	160M	22M	81M	72.9M	69.3M
Total Liab	1.6T	1.6T	1.8T	1.8T	2.1T	2.2T
Property Plant And Equipment Gross	10.1B	12.7B	13.2B	13.4B	15.4B	16.2B
Total Current Assets	162.1B	307.8B	255.1B	220.0B	253.0B	265.7B
Short Term Debt	140.3B	121.5B	129.1B	216.0B	248.4B	260.8B
Net Receivables	34.0B	45.6B	40.3B	19.4B	22.3B	23.4B
Other Current Assets	21.7B	22.8B	27.4B	32.4B	29.2B	27.7B
Other Current Liab	(164.0B)	(156.7B)	(166.3B)	(248.1B)	(223.3B)	(212.1B)
Accumulated Other Comprehensive Income	10.6B	13.4B	7.1B	2.0B	2.3B	4.3B
Good Will	17.1B	16.2B	17.7B	18.6B	21.4B	16.3B
Intangible Assets	2.1B	2.1B	2.3B	2.8B	3.2B	2.7B
Common Stock	21.7B	22.5B	23.1B	24.4B	28.0B	20.0B
Short Term Investments	103.3B	43.6B	33.8B	33.2B	38.2B	41.0B
Other Liab	16.9B	18.7B	15.3B	22.6B	26.0B	17.9B
Net Tangible Assets	62.4B	70.6B	77.5B	85.8B	98.7B	64.8B
Long Term Debt	16.4B	51.6B	53.9B	177.1B	203.6B	213.8B
Inventory	121M	77M	53M	51M	45.9M	78.3M
Long Term Investments	504.7B	504.3B	562.9B	531.3B	611.0B	421.6B
Short Long Term Debt	103.2B	129.1B	216.0B	219.7B	252.7B	128.0B
Property Plant Equipment	5.5B	10.1B	9.2B	9.4B	10.8B	7.4B
Long Term Debt Total	10.7B	22.4B	57.1B	59.2B	68.1B	71.5B
Capital Surpluse	157M	121M	173M	179M	161.1M	145.4M
Treasury Stock	(144M)	(41M)	(37M)	(152M)	(136.8M)	(143.6M)

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When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:

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Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Toronto Good Will vs Retained Earnings Analysis

Good Will vs Retained Earnings

Good Will vs Retained Earnings Correlation Analysis

Correlation Coefficient

Good Will

Retained Earnings

Toronto Dominion fundamental ratios Correlations

Toronto Dominion Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toronto Dominion fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Other Current Liab	- 0.97	Total Current Liabilities
Non Currrent Assets Other	- 0.95	Non Current Assets Total
Total Liab	- 0.93	Non Currrent Assets Other
Non Currrent Assets Other	- 0.93	Retained Earnings
Non Currrent Assets Other	- 0.93	Total Stockholder Equity
Non Currrent Assets Other	- 0.93	Total Assets