Trican Short Term Debt vs Net Receivables 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 Short Term Debt and its Net Receivables 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.

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trican Well Service Short Term Debt account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.

The correlation between Trican Well's Short Term Debt and Net Receivables is 0.39. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Receivables 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 Short Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Trican Well Service are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Debt i.e., Trican Well's Short Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Net Receivables

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

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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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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Trican Short Term Debt vs Net Receivables Analysis

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Receivables

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