Toronto Net Debt vs Other Assets Analysis
TD Stock | CAD 76.45 0.15 0.20% |
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 Net Debt and its Other 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 closely tied with the direction of predictive economic indicators such as signals in estimate.
Net Debt vs Other Assets
Net Debt vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toronto Dominion Bank Net Debt account and Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Toronto Dominion's Net Debt and Other Assets is 0.6. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other 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 Net Debt and Other 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 Net Debt of Toronto Dominion Bank are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Net Debt i.e., Toronto Dominion's Net Debt and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Other Assets
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 closely tied 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 7th 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 |
Toronto Dominion fundamental ratios Correlations
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Toronto Dominion Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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) |
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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: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 closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.