Toronto Accounts Payable vs Total Current Assets Analysis

TD Stock

CAD 76.20 1.03 1.37%

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 Accounts Payable and its Total Current Assets 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.

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toronto Dominion Bank Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Toronto Dominion's Accounts Payable and Total Current Assets is 0.82. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets 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 Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Toronto Dominion Bank are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Toronto Dominion's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Toronto Dominion obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Toronto Dominion Bank are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 1st of June 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

Click cells to compare fundamentals

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	178.9B	205.7B	216.0B
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	217.9B	250.6B	127.8B
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)

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

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:

How To Invest In Toronto

Details

Is Toronto Stock a good investment?

Details

What is Toronto Dominion's Net Worth?

Details

Largest Diversified Banks Companies

View

Largest Banks - Diversified Companies

View

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.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Toronto Stock analysis

When running Toronto Dominion's price analysis, check to measure Toronto Dominion'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 Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.

	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
	Global Correlations Find global opportunities by holding instruments from different markets

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.

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

Toronto Accounts Payable vs Total Current Assets Analysis

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

Correlation Coefficient

Accounts Payable

Total Current Assets

Toronto Dominion fundamental ratios Correlations

Toronto Dominion Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toronto Dominion fundamental ratios Accounts

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

Complementary Tools for Toronto Stock analysis

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