Trench Accounts Payable vs Net Working Capital Analysis

TMC Stock  CAD 0.58  0.03  5.45%   
Trench Metals financial indicator trend analysis is much more than just breaking down Trench Metals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trench Metals Corp is a good investment. Please check the relationship between Trench Metals Accounts Payable and its Net Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Net Working Capital

Accounts Payable vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trench Metals Corp Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Trench Metals' Accounts Payable and Net Working Capital is -0.95. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Trench Metals Corp, assuming nothing else is changed. The correlation between historical values of Trench Metals' Accounts Payable and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Trench Metals Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Accounts Payable i.e., Trench Metals' Accounts Payable and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.95
Relationship DirectionNegative 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Trench Metals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Trench Metals Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Net Working Capital

Most indicators from Trench Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trench Metals Corp 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Trench Metals' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 76.2 M in 2024, whereas Discontinued Operations is likely to drop (577.4 K) in 2024.

Trench Metals fundamental ratios Correlations

0.64-0.820.320.50.22-0.05-0.440.22-0.73-0.44-0.43-0.5-0.46-0.51-0.37-0.520.38-0.46-0.44-0.43-0.36
0.64-0.910.790.950.380.53-0.880.38-0.48-0.84-0.67-0.81-0.88-0.79-0.6-0.860.9-0.88-0.88-0.7-0.6
-0.82-0.91-0.61-0.79-0.42-0.280.75-0.420.760.70.590.770.790.80.560.74-0.720.790.760.640.56
0.320.79-0.610.920.50.86-0.810.5-0.01-0.92-0.85-0.87-0.95-0.72-0.81-0.930.94-0.95-0.86-0.85-0.81
0.50.95-0.790.920.420.77-0.930.42-0.28-0.9-0.71-0.87-0.96-0.84-0.65-0.920.99-0.96-0.95-0.75-0.65
0.220.38-0.420.50.420.3-0.231.0-0.05-0.33-0.66-0.38-0.56-0.28-0.77-0.380.39-0.56-0.29-0.49-0.77
-0.050.53-0.280.860.770.3-0.770.30.22-0.75-0.53-0.69-0.79-0.67-0.49-0.740.85-0.79-0.8-0.59-0.49
-0.44-0.880.75-0.81-0.93-0.23-0.77-0.230.40.860.510.880.90.930.450.87-0.950.90.990.670.45
0.220.38-0.420.50.421.00.3-0.23-0.05-0.33-0.66-0.38-0.56-0.28-0.77-0.380.39-0.56-0.29-0.49-0.77
-0.73-0.480.76-0.01-0.28-0.050.220.4-0.050.18-0.010.390.290.580.030.24-0.190.290.370.170.03
-0.44-0.840.7-0.92-0.9-0.33-0.750.86-0.330.180.810.940.910.760.730.99-0.910.910.890.920.72
-0.43-0.670.59-0.85-0.71-0.66-0.530.51-0.66-0.010.810.710.780.430.930.83-0.70.780.570.880.93
-0.5-0.810.77-0.87-0.87-0.38-0.690.88-0.380.390.940.710.930.880.730.95-0.870.930.910.910.73
-0.46-0.880.79-0.95-0.96-0.56-0.790.9-0.560.290.910.780.930.870.770.94-0.961.00.940.840.77
-0.51-0.790.8-0.72-0.84-0.28-0.670.93-0.280.580.760.430.880.870.430.8-0.840.870.950.630.43
-0.37-0.60.56-0.81-0.65-0.77-0.490.45-0.770.030.730.930.730.770.430.75-0.630.770.520.881.0
-0.52-0.860.74-0.93-0.92-0.38-0.740.87-0.380.240.990.830.950.940.80.75-0.920.940.90.920.75
0.380.9-0.720.940.990.390.85-0.950.39-0.19-0.91-0.7-0.87-0.96-0.84-0.63-0.92-0.96-0.97-0.74-0.63
-0.46-0.880.79-0.95-0.96-0.56-0.790.9-0.560.290.910.780.931.00.870.770.94-0.960.940.840.77
-0.44-0.880.76-0.86-0.95-0.29-0.80.99-0.290.370.890.570.910.940.950.520.9-0.970.940.710.52
-0.43-0.70.64-0.85-0.75-0.49-0.590.67-0.490.170.920.880.910.840.630.880.92-0.740.840.710.88
-0.36-0.60.56-0.81-0.65-0.77-0.490.45-0.770.030.720.930.730.770.431.00.75-0.630.770.520.88
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Trench Metals Account Relationship Matchups

Trench Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities11.2K11.7K71.9K25.2K22.7K21.5K
Net Tangible Assets929.2K811.5K446.8K752.9K865.8K909.1K
Retained Earnings(4.4M)(5.0M)(5.3M)(6.3M)(5.7M)(6.0M)
Accounts Payable9.1K11.7K70.8K19.5K17.6K16.7K
Net Receivables3.1K3.3K1.1K6.0K5.4K5.2K
Other Stockholder Equity166.9K727.8K543.4K446.5K513.5K345.6K
Total Current Assets812.7K303.1K589.7K561.4K645.6K564.2K
Total Assets822.7K458.5K824.7K1.2M1.4M719.9K
Total Stockholder Equity811.5K446.8K752.9K1.2M1.3M1.4M
Cash809.3K244.4K583.7K556.7K640.2K522.2K
Non Current Assets Total10.0K155.4K235.0K623.8K717.4K753.3K
Total Liab11.2K11.7K71.9K25.2K22.7K21.5K
Net Invested Capital811.5K446.8K752.9K1.2M1.3M1.4M
Net Working Capital801.5K291.4K517.8K536.2K616.6K325.9K
Capital Stock3.6M4.0M4.8M5.8M6.6M4.7M

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