Trigon Net Debt vs Common Stock Shares Outstanding Analysis

TM Stock

CAD 0.19 0.01 5.56%

Trigon Metals financial indicator trend analysis is much more than just breaking down Trigon Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trigon Metals is a good investment. Please check the relationship between Trigon Metals Net Debt and its Common Stock Shares Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trigon Metals. 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.

Net Debt vs Common Stock Shares Outstanding

Net Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trigon Metals Net Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.

The correlation between Trigon Metals' Net Debt and Common Stock Shares Outstanding is -0.79. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Trigon Metals, assuming nothing else is changed. The correlation between historical values of Trigon Metals' Net Debt and Common Stock Shares Outstanding 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 Trigon Metals are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Debt i.e., Trigon Metals' Net Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.79

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Trigon Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trigon Metals 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 Trigon Metals. 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.

Selling General Administrative is likely to drop to about 1.6 M in 2024. Discontinued Operations is likely to drop to about (3.4 M) in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	5.3M	4.9M	5.6M	3.0M
Cost Of Revenue	194.3K	2.0M	1.8M	2.6M

Total Operating Expenses Cost Of Revenue

Trigon Metals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Cash	Cash And Short Term Investments	Intangible Assets	Inventory	Other Current Assets	Short Term Investments	Common Stock
Total Assets		-0.25	0.88	0.35	-0.52	0.93	-0.91	-0.84	0.11	0.94	0.76	0.45	0.92	0.97	0.23	0.98	0.97	-0.58	0.76	0.96	0.96	-0.77	-0.29	-0.06	0.01	0.74
Short Long Term Debt Total	-0.25		-0.02	0.68	0.82	0.05	0.55	-0.07	0.8	0.01	0.03	0.63	-0.04	-0.45	0.27	-0.38	-0.42	0.83	-0.14	-0.47	-0.47	0.35	-0.29	0.31	0.33	0.24
Other Current Liab	0.88	-0.02		0.47	-0.25	0.89	-0.73	-0.76	0.23	0.9	0.72	0.54	0.84	0.79	0.43	0.82	0.82	-0.42	0.53	0.8	0.8	-0.64	-0.18	0.17	-0.04	0.71
Total Current Liabilities	0.35	0.68	0.47		0.5	0.63	0.02	-0.42	0.95	0.59	0.44	0.96	0.48	0.13	0.24	0.21	0.14	0.3	0.5	0.08	0.08	-0.03	-0.14	0.43	0.05	0.64
Total Stockholder Equity	-0.52	0.82	-0.25	0.5		-0.18	0.77	0.28	0.68	-0.23	-0.25	0.47	-0.4	-0.71	0.31	-0.66	-0.69	0.81	-0.23	-0.73	-0.73	0.56	-0.03	0.4	0.16	-0.1
Property Plant And Equipment Net	0.93	0.05	0.89	0.63	-0.18		-0.72	-0.79	0.43	1.0	0.71	0.74	0.86	0.81	0.33	0.85	0.82	-0.3	0.83	0.78	0.78	-0.63	-0.3	0.2	0.05	0.77
Net Debt	-0.91	0.55	-0.73	0.02	0.77	-0.72		0.74	0.27	-0.75	-0.63	-0.08	-0.79	-0.97	-0.12	-0.96	-0.97	0.76	-0.61	-0.98	-0.98	0.68	0.24	0.22	-0.02	-0.57
Retained Earnings	-0.84	-0.07	-0.76	-0.42	0.28	-0.79	0.74		-0.19	-0.8	-0.82	-0.47	-0.88	-0.77	-0.4	-0.79	-0.79	0.26	-0.53	-0.77	-0.77	0.49	0.66	0.3	-0.42	-0.88
Accounts Payable	0.11	0.8	0.23	0.95	0.68	0.43	0.27	-0.19		0.39	0.26	0.91	0.26	-0.12	0.18	-0.04	-0.11	0.48	0.35	-0.17	-0.17	0.12	-0.06	0.51	0.02	0.45
Non Current Assets Total	0.94	0.01	0.9	0.59	-0.23	1.0	-0.75	-0.8	0.39		0.72	0.7	0.88	0.84	0.32	0.87	0.85	-0.34	0.83	0.81	0.81	-0.66	-0.29	0.17	0.04	0.77
Non Currrent Assets Other	0.76	0.03	0.72	0.44	-0.25	0.71	-0.63	-0.82	0.26	0.72		0.45	0.93	0.7	0.1	0.73	0.73	-0.43	0.41	0.71	0.71	-0.56	-0.44	-0.12	0.19	0.81
Net Receivables	0.45	0.63	0.54	0.96	0.47	0.74	-0.08	-0.47	0.91	0.7	0.45		0.51	0.22	0.34	0.3	0.23	0.29	0.61	0.18	0.18	-0.18	-0.21	0.47	0.06	0.6
Common Stock Shares Outstanding	0.92	-0.04	0.84	0.48	-0.4	0.86	-0.79	-0.88	0.26	0.88	0.93	0.51		0.87	0.13	0.9	0.88	-0.49	0.61	0.86	0.86	-0.69	-0.36	-0.09	0.09	0.85
Non Current Liabilities Total	0.97	-0.45	0.79	0.13	-0.71	0.81	-0.97	-0.77	-0.12	0.84	0.7	0.22	0.87		0.1	1.0	1.0	-0.71	0.68	1.0	1.0	-0.79	-0.24	-0.17	-0.03	0.63
Other Stockholder Equity	0.23	0.27	0.43	0.24	0.31	0.33	-0.12	-0.4	0.18	0.32	0.1	0.34	0.13	0.1		0.12	0.14	0.18	0.05	0.12	0.12	-0.03	-0.2	-0.01	0.17	0.28
Total Liab	0.98	-0.38	0.82	0.21	-0.66	0.85	-0.96	-0.79	-0.04	0.87	0.73	0.3	0.9	1.0	0.12		0.99	-0.67	0.71	0.99	0.99	-0.79	-0.25	-0.13	-0.03	0.67
Total Current Assets	0.97	-0.42	0.82	0.14	-0.69	0.82	-0.97	-0.79	-0.11	0.85	0.73	0.23	0.88	1.0	0.14	0.99		-0.7	0.66	1.0	1.0	-0.79	-0.27	-0.15	0.0	0.64
Short Term Debt	-0.58	0.83	-0.42	0.3	0.81	-0.3	0.76	0.26	0.48	-0.34	-0.43	0.29	-0.49	-0.71	0.18	-0.67	-0.7		-0.29	-0.73	-0.73	0.54	-0.29	0.18	0.42	-0.18
Current Deferred Revenue	0.76	-0.14	0.53	0.5	-0.23	0.83	-0.61	-0.53	0.35	0.83	0.41	0.61	0.61	0.68	0.05	0.71	0.66	-0.29		0.63	0.63	-0.49	-0.18	0.16	-0.02	0.52
Cash	0.96	-0.47	0.8	0.08	-0.73	0.78	-0.98	-0.77	-0.17	0.81	0.71	0.18	0.86	1.0	0.12	0.99	1.0	-0.73	0.63		1.0	-0.79	-0.25	-0.19	-0.01	0.62
Cash And Short Term Investments	0.96	-0.47	0.8	0.08	-0.73	0.78	-0.98	-0.77	-0.17	0.81	0.71	0.18	0.86	1.0	0.12	0.99	1.0	-0.73	0.63	1.0		-0.79	-0.25	-0.19	-0.01	0.62
Intangible Assets	-0.77	0.35	-0.64	-0.03	0.56	-0.63	0.68	0.49	0.12	-0.66	-0.56	-0.18	-0.69	-0.79	-0.03	-0.79	-0.79	0.54	-0.49	-0.79	-0.79		0.17	0.14	0.21	-0.31
Inventory	-0.29	-0.29	-0.18	-0.14	-0.03	-0.3	0.24	0.66	-0.06	-0.29	-0.44	-0.21	-0.36	-0.24	-0.2	-0.25	-0.27	-0.29	-0.18	-0.25	-0.25	0.17		0.44	-0.87	-0.47
Other Current Assets	-0.06	0.31	0.17	0.43	0.4	0.2	0.22	0.3	0.51	0.17	-0.12	0.47	-0.09	-0.17	-0.01	-0.13	-0.15	0.18	0.16	-0.19	-0.19	0.14	0.44		-0.34	-0.13
Short Term Investments	0.01	0.33	-0.04	0.05	0.16	0.05	-0.02	-0.42	0.02	0.04	0.19	0.06	0.09	-0.03	0.17	-0.03	0.0	0.42	-0.02	-0.01	-0.01	0.21	-0.87	-0.34		0.38
Common Stock	0.74	0.24	0.71	0.64	-0.1	0.77	-0.57	-0.88	0.45	0.77	0.81	0.6	0.85	0.63	0.28	0.67	0.64	-0.18	0.52	0.62	0.62	-0.31	-0.47	-0.13	0.38

Click cells to compare fundamentals

Trigon Metals Account Relationship Matchups

Trigon Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7M	3.0M	18.2M	35.7M	41.0M	43.1M
Short Long Term Debt Total	294.9K	1.9M	3.3M	194.2K	223.3K	212.1K
Other Current Liab	166.8K	666.2K	797.9K	910.2K	1.0M	1.1M
Total Current Liabilities	554.6K	1.0M	6.7M	1.8M	1.6M	1.3M
Total Stockholder Equity	1.5M	1.6M	9.8M	(4.3M)	(4.9M)	(4.7M)
Property Plant And Equipment Net	229.0K	308.8K	15.6M	13.2M	15.2M	16.0M
Net Debt	(1.2M)	(796.5K)	3.0M	(20.5M)	(18.5M)	(17.6M)
Retained Earnings	(28.8M)	(44.6M)	(49.5M)	(65.7M)	(59.2M)	(56.2M)
Accounts Payable	92.9K	347.9K	4.3M	153.4K	138.1K	131.2K
Non Current Assets Total	229.0K	308.8K	15.6M	14.4M	16.6M	17.4M
Net Receivables	23.9K	45.0K	1.8M	434.2K	390.8K	581.8K
Common Stock Shares Outstanding	60.3M	102.8M	143.3M	172.0M	197.8M	207.7M
Liabilities And Stockholders Equity	1.7M	3.0M	18.2M	35.7M	41.0M	43.1M
Other Stockholder Equity	48.4K	7.4M	7.6M	6.4M	5.8M	5.2M
Total Liab	554.6K	1.8M	9.3M	42.6M	49.0M	51.4M
Total Current Assets	1.5M	2.7M	2.6M	21.2M	24.4M	25.6M
Short Term Debt	294.9K	837.8K	1.6M	63.5K	57.2K	54.3K
Cash	1.4M	2.6M	319.9K	20.7M	23.8M	25.0M
Cash And Short Term Investments	1.4M	2.6M	319.9K	20.7M	23.8M	25.0M
Accumulated Other Comprehensive Income	1.8M	2.5M	3.9M	10.5M	12.1M	12.7M
Other Current Assets	20.8K	26.0K	528.1K	61.6K	55.4K	52.7K
Common Stock	28.4M	36.3M	47.7M	44.6M	51.2M	32.6M
Net Tangible Assets	(422.0K)	2.1M	2.1M	12.4M	14.2M	14.9M
Property Plant Equipment	342.1K	324.7K	388.4K	19.4M	22.4M	23.5M
Net Invested Capital	2.6M	2.1M	15.4M	(4.3M)	(4.9M)	(4.7M)
Net Working Capital	1.3M	2.1M	(5.6M)	19.5M	22.4M	23.5M
Capital Stock	40.2M	45.6M	59.6M	44.6M	51.2M	49.9M

Pair Trading with Trigon Metals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trigon Metals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trigon Metals will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Trigon Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trigon Metals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trigon Metals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trigon Metals to buy it.

The correlation of Trigon Metals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trigon Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trigon Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Trigon Metals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trigon Metals. 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 CEOs Directory module to screen CEOs from public companies around the world.

Complementary Tools for Trigon Stock analysis

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

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

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Trigon Net Debt vs Common Stock Shares Outstanding Analysis

Net Debt vs Common Stock Shares Outstanding

Net Debt vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock Shares Outstanding

Trigon Metals fundamental ratios Correlations

Trigon Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trigon Metals fundamental ratios Accounts

Pair Trading with Trigon Metals

Complementary Tools for Trigon Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Assets	+ 1.0	Non Current Liabilities Total
Cash	+ 1.0	Non Current Liabilities Total
Cash And Short Term Investments	+ 1.0	Non Current Liabilities Total
Cash	+ 1.0	Total Current Assets

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Total Current Assets	- 0.97	Net Debt
Non Current Liabilities Total	- 0.97	Net Debt
Total Liab	- 0.96	Net Debt
Net Debt	- 0.91	Total Assets