Trench Total Current Liabilities vs Retained Earnings 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 Total Current Liabilities and its Retained Earnings 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.

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trench Metals Corp Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Trench Metals' Total Current Liabilities and Retained Earnings is 0.79. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings 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' Total Current Liabilities and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Trench Metals Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Trench Metals' Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Trench Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Trench Metals Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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