Trican Cash And Short Term Investments vs Total Stockholder Equity Analysis
TCW Stock | CAD 4.34 0.11 2.60% |
Trican Well financial indicator trend analysis is much more than just breaking down Trican Well Service prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trican Well Service is a good investment. Please check the relationship between Trican Well Cash And Short Term Investments and its Total Stockholder Equity accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Cash And Short Term Investments vs Total Stockholder Equity
Cash And Short Term Investments vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trican Well Service Cash And Short Term Investments account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Trican Well's Cash And Short Term Investments and Total Stockholder Equity is 0.61. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Trican Well Service, assuming nothing else is changed. The correlation between historical values of Trican Well's Cash And Short Term Investments and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Trican Well Service are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash And Short Term Investments i.e., Trican Well's Cash And Short Term Investments and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Trican Well Service balance sheet. This account contains Trican Well investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Trican Well Service fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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.Most indicators from Trican Well's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 Trican Well Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Trican Well's Enterprise Value Multiple is very stable compared to the past year.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.0M | 2.6M | 2.6M | 2.5M | Depreciation And Amortization | 88.2M | 82.4M | 94.8M | 85.7M |
Trican Well fundamental ratios Correlations
Click cells to compare fundamentals
Trican Well Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trican Well fundamental ratios 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 | 39.8M | 26.9M | 35.8M | 37.9M | 43.6M | 34.0M | |
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) | (18.1M) | (17.2M) | |
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 | 66.8M | 43.5M | |
Net Receivables | 148.5M | 73.5M | 128.8M | 175.4M | 181.1M | 198.7M | |
Common Stock Shares Outstanding | 322.1M | 288.5M | 263.8M | 257.8M | 209.1M | 171.2M | |
Liabilities And Stockholders Equity | 926.5M | 563.2M | 577.8M | 671.1M | 771.8M | 992.6M | |
Inventory | 29.6M | 21.6M | 19.0M | 24.7M | 21.5M | 20.5M | |
Other Current Assets | 47.5M | 4.8M | 4.0M | 5.0M | 5.8M | 5.5M | |
Other Stockholder Equity | 87.7M | 89.4M | 87.8M | 85.8M | 98.7M | 135.9M | |
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 | |
Accumulated Other Comprehensive Income | 36.2M | (1.1M) | (376K) | 804K | 924.6K | 970.8K | |
Short Long Term Debt Total | 65.7M | 13.8M | 10.3M | 42.4M | 48.7M | 46.3M | |
Non Currrent Assets Other | 216K | 836.3M | 693.8M | 2.1M | 2.4M | 2.3M | |
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 | 3.4M | 3.3M | |
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 | 953.6M | 884.3M | |
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 | |
Net Invested Capital | 787.3M | 492.3M | 489.4M | 534.5M | 517.1M | 569.6M | |
Net Working Capital | 139.8M | 61.8M | 103.8M | 169.4M | 153.2M | 139.0M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Trican Stock analysis
When running Trican Well's price analysis, check to measure Trican Well's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Trican Well is operating at the current time. Most of Trican Well's value examination focuses on studying past and present price action to predict the probability of Trican Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trican Well's price. Additionally, you may evaluate how the addition of Trican Well to your portfolios can decrease your overall portfolio volatility.
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |