Tdb Split Corp Stock Working Capital
| XTD Stock | CAD 3.49 0.09 2.65% |
TDb Split Corp fundamentals help investors to digest information that contributes to TDb Split's financial success or failures. It also enables traders to predict the movement of TDb Stock. The fundamental analysis module provides a way to measure TDb Split's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TDb Split stock.
| Last Reported | Projected for Next Year | ||
| Change In Working Capital | 1.2 K | 1.2 K |
TDb | Working Capital |
TDb Split Corp Company Working Capital Analysis
TDb Split's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
TDb Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for TDb Split is extremely important. It helps to project a fair market value of TDb Stock properly, considering its historical fundamentals such as Working Capital. Since TDb Split's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of TDb Split's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of TDb Split's interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
As per the company's disclosures, TDb Split Corp has a Working Capital of 0.0. This is 100.0% lower than that of the Capital Markets sector and 100.0% lower than that of the Financials industry. The working capital for all Canada stocks is 100.0% higher than that of the company.
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TDb Fundamentals
| Return On Equity | -0.49 | |||
| Return On Asset | -0.0387 | |||
| Operating Margin | 0.91 % | |||
| Current Valuation | (75.52 M) | |||
| Shares Outstanding | 3.87 M | |||
| Number Of Shares Shorted | 448 | |||
| Price To Earning | 2.69 X | |||
| Price To Book | 1.41 X | |||
| Price To Sales | 7.47 X | |||
| Revenue | (4.68 M) | |||
| Gross Profit | 2.5 M | |||
| EBITDA | 42.41 K | |||
| Net Income | (9.52 M) | |||
| Cash And Equivalents | 53.5 M | |||
| Cash Per Share | 15.80 X | |||
| Total Debt | 72.18 M | |||
| Current Ratio | 1.56 X | |||
| Book Value Per Share | 1.32 X | |||
| Cash Flow From Operations | 18.98 M | |||
| Short Ratio | 0.08 X | |||
| Earnings Per Share | (0.82) X | |||
| Beta | 2.14 | |||
| Market Capitalization | 13.51 M | |||
| Total Asset | 88.69 M | |||
| Five Year Return | 10.51 % | |||
| Net Asset | 88.69 M | |||
| Last Dividend Paid | 0.1 |
About TDb Split Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TDb Split Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TDb Split using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TDb Split Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with TDb Split
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 TDb Split 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 TDb Split will appreciate offsetting losses from the drop in the long position's value.Moving together with TDb Stock
Moving against TDb Stock
| 0.85 | CM | Canadian Imperial Bank | PairCorr |
| 0.71 | ENB | Enbridge | PairCorr |
| 0.68 | BNS | Bank of Nova Scotia | PairCorr |
| 0.57 | MFC | Manulife Financial Corp | PairCorr |
| 0.54 | TRP | TC Energy Corp | PairCorr |
The ability to find closely correlated positions to TDb Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDb Split 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 TDb Split - 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 TDb Split Corp to buy it.
The correlation of TDb Split 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 TDb Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDb Split Corp 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 TDb Split 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.Other Information on Investing in TDb Stock
TDb Split financial ratios help investors to determine whether TDb Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TDb with respect to the benefits of owning TDb Split security.