Trican Common Stock Total Equity vs Total Liab Analysis

TCW Stock

CAD 4.23 0.07 1.63%

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 Common Stock Total Equity and its Total Liab 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.

Common Stock Total Equity vs Total Liab

Common Stock Total Equity vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trican Well Service Common Stock Total Equity account and Total Liab. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Trican Well's Common Stock Total Equity and Total Liab is -0.64. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Total Liab 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 Common Stock Total Equity and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Trican Well Service are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Common Stock Total Equity i.e., Trican Well's Common Stock Total Equity and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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

Interest Expense Depreciation And Amortization

Trican Well fundamental ratios 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	Common Stock Total Equity	Common Stock
Total Assets		0.72	0.94	0.95	0.98	0.87	0.87	0.84	0.67	0.98	0.71	0.94	-0.23	0.93	0.74	0.32	0.95	0.78	0.95	0.89	-0.13	0.92	0.52	0.42	-0.44	-0.41
Other Current Liab	0.72		0.74	0.59	0.71	0.81	0.59	0.37	0.4	0.71	0.42	0.65	-0.24	0.76	0.47	-0.3	0.78	0.65	0.68	0.8	-0.22	0.78	0.43	0.3	-0.37	-0.37
Total Current Liabilities	0.94	0.74		0.83	0.92	0.88	0.84	0.85	0.71	0.88	0.73	0.94	-0.35	0.94	0.64	0.33	0.96	0.79	0.96	0.9	-0.26	0.91	0.65	0.35	-0.51	-0.51
Total Stockholder Equity	0.95	0.59	0.83		0.93	0.69	0.77	0.82	0.58	0.96	0.61	0.87	0.01	0.78	0.76	0.38	0.8	0.75	0.86	0.71	0.01	0.77	0.36	0.52	-0.2	-0.16
Property Plant And Equipment Net	0.98	0.71	0.92	0.93		0.87	0.85	0.8	0.68	0.97	0.72	0.9	-0.21	0.94	0.71	0.28	0.94	0.81	0.93	0.9	-0.09	0.92	0.56	0.4	-0.45	-0.42
Net Debt	0.87	0.81	0.88	0.69	0.87		0.82	0.62	0.55	0.84	0.61	0.78	-0.47	0.96	0.63	0.02	0.96	0.64	0.84	0.99	-0.22	0.98	0.72	0.31	-0.69	-0.66
Retained Earnings	0.87	0.59	0.84	0.77	0.85	0.82		0.81	0.71	0.8	0.76	0.88	-0.59	0.89	0.57	0.36	0.88	0.63	0.9	0.85	-0.25	0.88	0.43	0.13	-0.72	-0.7
Accounts Payable	0.84	0.37	0.85	0.82	0.8	0.62	0.81		0.73	0.76	0.76	0.94	-0.26	0.77	0.56	0.74	0.78	0.66	0.91	0.67	-0.15	0.72	0.37	0.24	-0.44	-0.42
Cash	0.67	0.4	0.71	0.58	0.68	0.55	0.71	0.73		0.54	0.97	0.79	-0.39	0.69	0.26	0.54	0.69	0.79	0.81	0.63	-0.42	0.65	0.24	-0.24	-0.47	-0.53
Non Current Assets Total	0.98	0.71	0.88	0.96	0.97	0.84	0.8	0.76	0.54		0.59	0.86	-0.13	0.87	0.77	0.22	0.9	0.73	0.87	0.85	-0.05	0.88	0.53	0.53	-0.34	-0.29
Cash And Short Term Investments	0.71	0.42	0.73	0.61	0.72	0.61	0.76	0.76	0.97	0.59		0.82	-0.44	0.72	0.29	0.55	0.74	0.76	0.84	0.68	-0.44	0.72	0.26	-0.27	-0.58	-0.62
Net Receivables	0.94	0.65	0.94	0.87	0.9	0.78	0.88	0.94	0.79	0.86	0.82		-0.31	0.89	0.61	0.5	0.91	0.8	0.99	0.82	-0.21	0.87	0.39	0.24	-0.49	-0.49
Common Stock Shares Outstanding	-0.23	-0.24	-0.35	0.01	-0.21	-0.47	-0.59	-0.26	-0.39	-0.13	-0.44	-0.31		-0.43	0.04	-0.09	-0.45	-0.04	-0.37	-0.49	0.56	-0.45	-0.34	0.42	0.86	0.87
Inventory	0.93	0.76	0.94	0.78	0.94	0.96	0.89	0.77	0.69	0.87	0.72	0.89	-0.43		0.64	0.21	0.98	0.76	0.94	0.98	-0.22	0.98	0.67	0.31	-0.66	-0.64
Other Current Assets	0.74	0.47	0.64	0.76	0.71	0.63	0.57	0.56	0.26	0.77	0.29	0.61	0.04	0.64		0.2	0.64	0.43	0.62	0.62	0.27	0.65	0.46	0.61	-0.18	-0.13
Other Stockholder Equity	0.32	-0.3	0.33	0.38	0.28	0.02	0.36	0.74	0.54	0.22	0.55	0.5	-0.09	0.21	0.2		0.22	0.25	0.44	0.09	-0.08	0.16	-0.02	-0.1	-0.19	-0.18
Total Liab	0.95	0.78	0.96	0.8	0.94	0.96	0.88	0.78	0.69	0.9	0.74	0.91	-0.45	0.98	0.64	0.22		0.74	0.95	0.98	-0.25	0.98	0.64	0.28	-0.64	-0.62
Property Plant And Equipment Gross	0.78	0.65	0.79	0.75	0.81	0.64	0.63	0.66	0.79	0.73	0.76	0.8	-0.04	0.76	0.43	0.25	0.74		0.81	0.69	-0.23	0.71	0.39	0.16	-0.24	-0.28
Total Current Assets	0.95	0.68	0.96	0.86	0.93	0.84	0.9	0.91	0.81	0.87	0.84	0.99	-0.37	0.94	0.62	0.44	0.95	0.81		0.88	-0.24	0.92	0.48	0.21	-0.56	-0.55
Short Long Term Debt Total	0.89	0.8	0.9	0.71	0.9	0.99	0.85	0.67	0.63	0.85	0.68	0.82	-0.49	0.98	0.62	0.09	0.98	0.69	0.88		-0.26	0.99	0.7	0.26	-0.7	-0.68
Non Currrent Assets Other	-0.13	-0.22	-0.26	0.01	-0.09	-0.22	-0.25	-0.15	-0.42	-0.05	-0.44	-0.21	0.56	-0.22	0.27	-0.08	-0.25	-0.23	-0.24	-0.26		-0.22	-0.22	0.41	0.4	0.45
Non Current Liabilities Total	0.92	0.78	0.91	0.77	0.92	0.98	0.88	0.72	0.65	0.88	0.72	0.87	-0.45	0.98	0.65	0.16	0.98	0.71	0.92	0.99	-0.22		0.64	0.28	-0.67	-0.65
Short Term Debt	0.52	0.43	0.65	0.36	0.56	0.72	0.43	0.37	0.24	0.53	0.26	0.39	-0.34	0.67	0.46	-0.02	0.64	0.39	0.48	0.7	-0.22	0.64		0.41	-0.47	-0.45
Intangible Assets	0.42	0.3	0.35	0.52	0.4	0.31	0.13	0.24	-0.24	0.53	-0.27	0.24	0.42	0.31	0.61	-0.1	0.28	0.16	0.21	0.26	0.41	0.28	0.41		0.3	0.37
Common Stock Total Equity	-0.44	-0.37	-0.51	-0.2	-0.45	-0.69	-0.72	-0.44	-0.47	-0.34	-0.58	-0.49	0.86	-0.66	-0.18	-0.19	-0.64	-0.24	-0.56	-0.7	0.4	-0.67	-0.47	0.3		0.99
Common Stock	-0.41	-0.37	-0.51	-0.16	-0.42	-0.66	-0.7	-0.42	-0.53	-0.29	-0.62	-0.49	0.87	-0.64	-0.13	-0.18	-0.62	-0.28	-0.55	-0.68	0.45	-0.65	-0.45	0.37	0.99

Click cells to compare fundamentals

Trican Well Account Relationship Matchups

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 Architect

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.

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.

	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Transaction History View history of all your transactions and understand their impact on performance
	Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	FinTech Suite Use AI to screen and filter profitable investment opportunities

Please note, there is a significant difference between Trican Well's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trican Well is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trican Well'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Trican Common Stock Total Equity vs Total Liab Analysis

Common Stock Total Equity vs Total Liab

Common Stock Total Equity vs Total Liab Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Total Liab

Trican Well fundamental ratios Correlations

Trican Well Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trican Well fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Trican Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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
Common Stock	+ 0.99	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets

Common Stock Total Equity	- 0.72	Retained Earnings
Common Stock Total Equity	- 0.7	Short Long Term Debt Total
Common Stock	- 0.7	Retained Earnings
Common Stock Total Equity	- 0.69	Net Debt
Common Stock	- 0.68	Short Long Term Debt Total
Common Stock Total Equity	- 0.67	Non Current Liabilities Total