Transat Cash vs Retained Earnings Analysis

TRZ Stock  CAD 1.80  0.03  1.64%   
Transat AT financial indicator trend analysis is much more than just breaking down Transat AT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transat AT is a good investment. Please check the relationship between Transat AT Cash and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transat AT. 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.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Transat AT Cash account and Retained Earnings. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Transat AT's Cash and Retained Earnings is 0.1. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Transat AT, assuming nothing else is changed. The correlation between historical values of Transat AT's Cash 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 Cash of Transat AT 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 Cash i.e., Transat AT's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.1
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of Transat AT, which is listed under current asset account on Transat AT balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Transat AT customers. The amounts must be unrestricted with restricted cash listed in a different Transat AT 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.

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 Transat AT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transat AT 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 Transat AT. 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, Transat AT's Discontinued Operations is very stable compared to the past year. As of the 24th of December 2024, Enterprise Value Over EBITDA is likely to grow to 8.16, while Selling General Administrative is likely to drop about 202.6 K.
 2021 2022 2023 2024 (projected)
Total Operating Expenses210.0M324.8M292.4M277.7M
Cost Of Revenue1.7B2.6B3.0B2.0B

Transat AT fundamental ratios Correlations

0.940.840.95-0.720.890.8-0.770.580.370.930.840.370.50.370.880.840.8-0.270.950.870.580.58-0.43-0.30.51
0.940.820.83-0.90.950.93-0.920.480.170.960.840.180.440.430.980.90.68-0.040.990.930.380.46-0.63-0.480.3
0.840.820.79-0.720.80.75-0.750.410.280.830.740.290.330.310.810.790.640.040.850.810.370.41-0.51-0.40.32
0.950.830.79-0.560.730.64-0.610.730.410.810.870.420.520.380.740.820.85-0.40.850.720.660.66-0.23-0.230.57
-0.72-0.9-0.72-0.56-0.91-0.981.0-0.270.16-0.88-0.690.15-0.29-0.44-0.95-0.81-0.42-0.25-0.9-0.9-0.07-0.130.80.60.03
0.890.950.80.73-0.910.96-0.930.260.10.980.70.10.310.390.980.780.560.060.961.00.250.31-0.73-0.440.2
0.80.930.750.64-0.980.96-0.980.3-0.130.940.71-0.130.280.470.980.820.510.150.940.950.120.22-0.75-0.580.04
-0.77-0.92-0.75-0.611.0-0.93-0.98-0.330.1-0.91-0.710.1-0.35-0.42-0.97-0.81-0.46-0.17-0.92-0.92-0.15-0.190.750.55-0.06
0.580.480.410.73-0.270.260.3-0.330.230.390.70.240.660.410.370.60.65-0.570.490.240.640.540.23-0.090.56
0.370.170.280.410.160.1-0.130.10.230.130.241.00.4-0.110.050.110.33-0.370.150.080.750.40.10.30.72
0.930.960.830.81-0.880.980.94-0.910.390.130.730.130.360.420.970.80.62-0.080.980.980.320.44-0.61-0.410.31
0.840.840.740.87-0.690.70.71-0.710.70.240.730.240.50.460.780.970.83-0.110.850.660.520.38-0.44-0.470.25
0.370.180.290.420.150.1-0.130.10.241.00.130.240.4-0.110.050.120.34-0.370.160.080.750.410.10.290.72
0.50.440.330.52-0.290.310.28-0.350.660.40.360.50.40.00.360.370.41-0.410.420.280.680.360.00.380.66
0.370.430.310.38-0.440.390.47-0.420.41-0.110.420.46-0.110.00.440.530.350.050.450.380.180.15-0.25-0.580.03
0.880.980.810.74-0.950.980.98-0.970.370.050.970.780.050.360.440.870.590.070.980.960.260.31-0.72-0.540.17
0.840.90.790.82-0.810.780.82-0.810.60.110.80.970.120.370.530.870.740.010.90.760.380.33-0.58-0.620.15
0.80.680.640.85-0.420.560.51-0.460.650.330.620.830.340.410.350.590.74-0.210.70.540.640.46-0.15-0.270.4
-0.27-0.040.04-0.4-0.250.060.15-0.17-0.57-0.37-0.08-0.11-0.37-0.410.050.070.01-0.21-0.060.07-0.52-0.58-0.61-0.39-0.7
0.950.990.850.85-0.90.960.94-0.920.490.150.980.850.160.420.450.980.90.7-0.060.950.380.42-0.62-0.480.29
0.870.930.810.72-0.91.00.95-0.920.240.080.980.660.080.280.380.960.760.540.070.950.220.29-0.73-0.430.19
0.580.380.370.66-0.070.250.12-0.150.640.750.320.520.750.680.180.260.380.64-0.520.380.220.530.150.210.84
0.580.460.410.66-0.130.310.22-0.190.540.40.440.380.410.360.150.310.330.46-0.580.420.290.530.250.060.71
-0.43-0.63-0.51-0.230.8-0.73-0.750.750.230.1-0.61-0.440.10.0-0.25-0.72-0.58-0.15-0.61-0.62-0.730.150.250.530.34
-0.3-0.48-0.4-0.230.6-0.44-0.580.55-0.090.3-0.41-0.470.290.38-0.58-0.54-0.62-0.27-0.39-0.48-0.430.210.060.530.4
0.510.30.320.570.030.20.04-0.060.560.720.310.250.720.660.030.170.150.4-0.70.290.190.840.710.340.4
Click cells to compare fundamentals

Transat AT Account Relationship Matchups

Transat AT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.9B2.3B2.6B3.0B3.1B
Short Long Term Debt Total903.9M1.4B1.8B1.9B2.2B2.3B
Other Current Liab775.4M385.1M720.3M907.8M1.0B1.1B
Total Current Liabilities1.0B630.2M1.1B1.3B1.5B1.5B
Total Stockholder Equity66.3M(315.1M)(750.2M)(779.0M)(701.1M)(666.1M)
Property Plant And Equipment Net916.4M974.2M1.0B1.1B1.2B1.3B
Net Debt477.5M986.3M1.4B1.5B1.7B1.8B
Retained Earnings(164.1M)(544.9M)(984.6M)(1.0B)(907.6M)(862.2M)
Accounts Payable90.8M72.1M195.1M185.2M213.0M180.1M
Cash426.4M433.2M322.5M435.6M501.0M343.1M
Non Current Assets Total1.2B1.2B1.2B1.4B1.6B1.6B
Non Currrent Assets Other56.5M30.7M216.1M251.9M289.7M304.2M
Cash And Short Term Investments426.4M433.2M322.5M435.6M501.0M348.4M
Net Receivables97.7M110.0M270.6M139.3M160.2M112.0M
Liabilities And Stockholders Equity2.0B1.9B2.3B2.6B3.0B3.1B
Non Current Liabilities Total935.4M1.6B2.0B2.1B2.4B2.5B
Inventory10.0M10.5M26.7M33.7M38.8M40.7M
Other Current Assets317.0M166.2M412.0M598.0M687.8M722.1M
Total Liab1.9B2.2B3.0B3.3B3.9B4.0B
Property Plant And Equipment Gross2.0B1.8B1.9B2.1B2.4B2.6B
Total Current Assets851.1M719.9M1.0B1.2B1.4B696.5M
Accumulated Other Comprehensive Income(6.5M)(7.2M)(3.6M)(10.4M)(11.9M)(12.5M)
Short Term Debt148.0M171.6M137.2M171.1M196.7M206.6M
Intangible Assets25.5M16.8M13.3M14.8M13.3M12.6M
Current Deferred Revenue608.9M292.2M602.5M(20.8M)(23.9M)(22.7M)
Other Liab214.0M179.5M318.7M345.2M397.0M416.8M
Net Tangible Assets520.6M40.8M(332.0M)(763.4M)(687.1M)(652.7M)
Other Assets260.9M208.5M177.2M217.0M249.6M175.8M
Deferred Long Term Liab26.5M33.7M19.4M12.6M14.4M12.9M
Long Term Investments14.5M9.5M8.8M11.8M10.6M10.1M
Property Plant Equipment891.4M916.4M974.2M1.0B1.2B1.2B
Long Term Debt Total566.1M755.9M1.2B1.6B1.9B1.9B
Cash And Equivalents564.8M426.4M433.2M322.5M290.3M376.9M

Pair Trading with Transat AT

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 Transat AT 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 Transat AT will appreciate offsetting losses from the drop in the long position's value.

Moving against Transat Stock

  0.45PNC-B Postmedia Network CanadaPairCorr
  0.31CG Centerra GoldPairCorr
The ability to find closely correlated positions to Transat AT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transat AT 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 Transat AT - 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 Transat AT to buy it.
The correlation of Transat AT 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 Transat AT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transat AT 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 Transat AT 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Transat Stock

Balance Sheet is a snapshot of the financial position of Transat AT at a specified time, usually calculated after every quarter, six months, or one year. Transat AT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Transat AT and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Transat currently owns. An asset can also be divided into two categories, current and non-current.