Trigon Retained Earnings vs Total Assets 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 Retained Earnings and its Total Assets 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.
Retained Earnings vs Total Assets
Retained Earnings vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trigon Metals Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Trigon Metals' Retained Earnings and Total Assets is -0.84. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets 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' Retained Earnings and Total 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 Retained Earnings of Trigon Metals are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., Trigon Metals' Retained Earnings and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.84 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Assets
Total assets refers to the total amount of Trigon Metals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Trigon Metals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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 |
Trigon Metals fundamental ratios Correlations
Click cells to compare fundamentals
Trigon Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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