Thunderbird Retained Earnings vs Cash Analysis

TBRD Stock

CAD 1.75 0.08 4.37%

Thunderbird Entertainment financial indicator trend analysis is much more than just breaking down Thunderbird Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thunderbird Entertainment is a good investment. Please check the relationship between Thunderbird Entertainment Retained Earnings and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thunderbird Entertainment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thunderbird Entertainment Retained Earnings account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Thunderbird Entertainment's Retained Earnings and Cash is -0.41. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Thunderbird Entertainment Group, assuming nothing else is changed. The correlation between historical values of Thunderbird Entertainment's Retained Earnings and Cash 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 Thunderbird Entertainment Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Thunderbird Entertainment's Retained Earnings and Cash go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

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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.

Cash

Cash refers to the most liquid asset of Thunderbird Entertainment, which is listed under current asset account on Thunderbird Entertainment Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Thunderbird Entertainment customers. The amounts must be unrestricted with restricted cash listed in a different Thunderbird Entertainment account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Thunderbird Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thunderbird Entertainment 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 Thunderbird Entertainment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, Thunderbird Entertainment's Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 44.4 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop (66.28) in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	141.6M	171.1M	196.7M	206.5M
Gross Profit	39.3M	36.9M	37.5M	31.3M

Other Operating Expenses Gross Profit

Thunderbird Entertainment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Common Stock	Other Stockholder Equity	Other Current Assets	Non Currrent Assets Other	Short Long Term Debt Total	Short Term Debt	Short Term Investments	Other Liab	Net Tangible Assets	Other Assets
Total Assets		-0.24	0.99	0.99	0.92	0.97	-0.54	0.85	0.97	0.99	0.96	0.8	0.98	0.94	1.0	1.0	0.97	0.86	0.91	0.93	0.61	0.24	-0.42	0.67	0.97	0.23
Other Current Liab	-0.24		-0.24	-0.23	-0.05	-0.28	0.08	-0.23	-0.19	-0.24	-0.2	-0.16	-0.23	-0.22	-0.24	-0.24	-0.23	-0.34	-0.23	-0.23	-0.01	0.11	0.19	-0.25	-0.24	-0.23
Total Current Liabilities	0.99	-0.24		0.96	0.89	0.95	-0.55	0.84	0.96	0.97	0.94	0.85	0.95	0.9	1.0	0.99	0.94	0.85	0.87	0.87	0.61	0.28	-0.41	0.58	0.95	0.26
Total Stockholder Equity	0.99	-0.23	0.96		0.91	0.98	-0.56	0.85	0.98	0.98	0.97	0.72	0.99	0.94	0.97	0.98	0.99	0.86	0.92	0.95	0.58	0.21	-0.42	0.71	0.98	0.21
Property Plant And Equipment Net	0.92	-0.05	0.89	0.91		0.89	-0.43	0.72	0.89	0.95	0.87	0.75	0.93	0.98	0.92	0.9	0.88	0.78	0.91	0.94	0.61	0.21	-0.4	0.74	0.9	0.08
Net Debt	0.97	-0.28	0.95	0.98	0.89		-0.61	0.84	0.93	0.98	0.93	0.69	0.98	0.92	0.96	0.95	0.98	0.86	0.92	0.91	0.58	0.23	-0.41	0.72	0.95	0.25
Retained Earnings	-0.54	0.08	-0.55	-0.56	-0.43	-0.61		-0.26	-0.41	-0.58	-0.39	-0.52	-0.62	-0.43	-0.53	-0.51	-0.61	-0.52	-0.28	-0.46	-0.33	-0.22	0.18	-0.35	-0.53	0.22
Accounts Payable	0.85	-0.23	0.84	0.85	0.72	0.84	-0.26		0.89	0.79	0.92	0.49	0.8	0.74	0.84	0.88	0.85	0.7	0.91	0.72	0.55	0.26	-0.31	0.46	0.82	0.44
Cash	0.97	-0.19	0.96	0.98	0.89	0.93	-0.41	0.89		0.95	1.0	0.72	0.95	0.91	0.96	0.98	0.96	0.82	0.93	0.92	0.6	0.25	-0.4	0.62	0.96	0.26
Non Current Assets Total	0.99	-0.24	0.97	0.98	0.95	0.98	-0.58	0.79	0.95		0.93	0.79	0.99	0.97	0.98	0.97	0.97	0.87	0.91	0.96	0.59	0.21	-0.43	0.74	0.97	0.19
Cash And Short Term Investments	0.96	-0.2	0.94	0.97	0.87	0.93	-0.39	0.92	1.0	0.93		0.65	0.94	0.89	0.94	0.97	0.96	0.81	0.94	0.91	0.59	0.25	-0.39	0.62	0.95	0.29
Net Receivables	0.8	-0.16	0.85	0.72	0.75	0.69	-0.52	0.49	0.72	0.79	0.65		0.74	0.74	0.84	0.8	0.67	0.69	0.57	0.68	0.49	0.23	-0.35	0.41	0.76	0.07
Common Stock Shares Outstanding	0.98	-0.23	0.95	0.99	0.93	0.98	-0.62	0.8	0.95	0.99	0.94	0.74		0.95	0.97	0.97	0.99	0.86	0.9	0.96	0.58	0.21	-0.42	0.74	0.97	0.16
Non Current Liabilities Total	0.94	-0.22	0.9	0.94	0.98	0.92	-0.43	0.74	0.91	0.97	0.89	0.74	0.95		0.93	0.91	0.91	0.82	0.93	0.98	0.58	0.17	-0.4	0.82	0.93	0.17
Total Liab	1.0	-0.24	1.0	0.97	0.92	0.96	-0.53	0.84	0.96	0.98	0.94	0.84	0.97	0.93		0.99	0.95	0.86	0.9	0.91	0.62	0.26	-0.41	0.64	0.96	0.25
Total Current Assets	1.0	-0.24	0.99	0.98	0.9	0.95	-0.51	0.88	0.98	0.97	0.97	0.8	0.97	0.91	0.99		0.96	0.85	0.91	0.9	0.61	0.26	-0.41	0.61	0.97	0.26
Common Stock	0.97	-0.23	0.94	0.99	0.88	0.98	-0.61	0.85	0.96	0.97	0.96	0.67	0.99	0.91	0.95	0.96		0.85	0.9	0.93	0.57	0.22	-0.41	0.7	0.96	0.19
Other Stockholder Equity	0.86	-0.34	0.85	0.86	0.78	0.86	-0.52	0.7	0.82	0.87	0.81	0.69	0.86	0.82	0.86	0.85	0.85		0.78	0.82	0.48	0.13	-0.45	0.67	0.89	0.29
Other Current Assets	0.91	-0.23	0.87	0.92	0.91	0.92	-0.28	0.91	0.93	0.91	0.94	0.57	0.9	0.93	0.9	0.91	0.9	0.78		0.9	0.6	0.22	-0.35	0.72	0.89	0.34
Non Currrent Assets Other	0.93	-0.23	0.87	0.95	0.94	0.91	-0.46	0.72	0.92	0.96	0.91	0.68	0.96	0.98	0.91	0.9	0.93	0.82	0.9		0.53	0.12	-0.41	0.83	0.93	0.13
Short Long Term Debt Total	0.61	-0.01	0.61	0.58	0.61	0.58	-0.33	0.55	0.6	0.59	0.59	0.49	0.58	0.58	0.62	0.61	0.57	0.48	0.6	0.53		0.89	0.35	0.36	0.64	0.25
Short Term Debt	0.24	0.11	0.28	0.21	0.21	0.23	-0.22	0.26	0.25	0.21	0.25	0.23	0.21	0.17	0.26	0.26	0.22	0.13	0.22	0.12	0.89		0.64	-0.02	0.28	0.17
Short Term Investments	-0.42	0.19	-0.41	-0.42	-0.4	-0.41	0.18	-0.31	-0.4	-0.43	-0.39	-0.35	-0.42	-0.4	-0.41	-0.41	-0.41	-0.45	-0.35	-0.41	0.35	0.64		-0.2	-0.41	0.16
Other Liab	0.67	-0.25	0.58	0.71	0.74	0.72	-0.35	0.46	0.62	0.74	0.62	0.41	0.74	0.82	0.64	0.61	0.7	0.67	0.72	0.83	0.36	-0.02	-0.2		0.68	0.32
Net Tangible Assets	0.97	-0.24	0.95	0.98	0.9	0.95	-0.53	0.82	0.96	0.97	0.95	0.76	0.97	0.93	0.96	0.97	0.96	0.89	0.89	0.93	0.64	0.28	-0.41	0.68		0.24
Other Assets	0.23	-0.23	0.26	0.21	0.08	0.25	0.22	0.44	0.26	0.19	0.29	0.07	0.16	0.17	0.25	0.26	0.19	0.29	0.34	0.13	0.25	0.17	0.16	0.32	0.24

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Thunderbird Entertainment Account Relationship Matchups

Thunderbird Entertainment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	155.2M	160.1M	223.7M	215.9M	172.6M	181.2M
Other Current Liab	2.8M	2.2M	1.9M	1.4M	367K	348.7K
Total Current Liabilities	73.4M	69.4M	127.1M	125.2M	82.7M	86.8M
Total Stockholder Equity	53.7M	63.9M	69.8M	66.7M	69.3M	72.8M
Property Plant And Equipment Net	31.1M	26.0M	29.7M	26.6M	20.7M	21.7M
Net Debt	56.5M	35.4M	55.1M	49.1M	56.5M	59.3M
Retained Earnings	(14.0M)	(8.3M)	(4.7M)	(9.7M)	(7.7M)	(8.1M)
Accounts Payable	7.7M	8.4M	27.4M	37.8M	38.7M	40.6M
Cash	12.8M	22.4M	30.2M	25.4M	25.2M	26.5M
Non Current Assets Total	81.4M	73.3M	89.4M	82.3M	70.3M	73.8M
Cash And Short Term Investments	12.8M	22.4M	30.2M	25.4M	29.2M	30.6M
Net Receivables	56.2M	60.6M	98.2M	107.7M	7.5M	7.1M
Common Stock Shares Outstanding	50.1M	50.9M	52.3M	49.6M	49.8M	52.3M
Liabilities And Stockholders Equity	155.2M	160.1M	223.7M	215.9M	248.2M	260.6M
Non Current Liabilities Total	28.2M	26.8M	26.8M	24.0M	20.6M	21.6M
Total Liab	101.5M	96.2M	153.9M	149.2M	103.3M	108.5M
Total Current Assets	73.8M	86.8M	134.3M	133.5M	102.3M	107.4M
Common Stock	62.6M	67.5M	69.4M	71.1M	81.8M	85.9M
Other Stockholder Equity	4.7M	4.4M	4.9M	5.0M	5.8M	3.3M
Other Current Assets	4.8M	3.8M	5.9M	5.5M	6.4M	6.7M
Accumulated Other Comprehensive Income	259K	177K	194K	149K	171.4K	204.2K
Non Currrent Assets Other	3.1M	4.2M	3.1M	2.5M	2.9M	3.1M
Short Long Term Debt Total	69.3M	57.9M	85.3M	74.5M	85.7M	53.7M
Short Term Debt	47.8M	37.6M	63.9M	55.7M	64.1M	40.5M
Other Liab	6.7M	6.5M	5.5M	5.2M	6.0M	5.8M
Net Tangible Assets	39.9M	50.5M	56.7M	53.8M	61.9M	38.0M
Other Assets	36.7M	34.0M	46.6M	42.9M	49.3M	41.1M
Intangible Assets	1.2M	946K	676K	406K	136K	129.2K
Property Plant Equipment	31.1M	26.0M	29.7M	26.6M	30.6M	19.9M
Net Invested Capital	95.9M	96.7M	127.1M	117.0M	89.1M	98.4M
Net Working Capital	416K	17.5M	7.3M	8.3M	19.6M	20.5M
Current Deferred Revenue	15.0M	21.2M	33.8M	30.4M	34.9M	25.5M
Capital Lease Obligations	26.9M	25.0M	28.0M	24.1M	20.0M	23.5M
Deferred Long Term Liab	51K	246K	39K	108K	97.2K	93.1K
Long Term Investments	25.3M	21.9M	36.0M	31.4M	26.5M	30.5M
Short Long Term Debt	42.4M	32.8M	57.3M	50.4M	19.8M	33.7M
Capital Stock	62.8M	67.6M	69.4M	71.2M	71.3M	74.2M

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