Touchstone Cash And Short Term Investments vs Accounts Payable Analysis

TXP Stock

CAD 0.40 0.01 2.44%

Touchstone Exploration financial indicator trend analysis is much more than just breaking down Touchstone Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchstone Exploration is a good investment. Please check the relationship between Touchstone Exploration Cash And Short Term Investments and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Exploration. 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 And Short Term Investments vs Accounts Payable

Cash And Short Term Investments vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Touchstone Exploration Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Touchstone Exploration's Cash And Short Term Investments and Accounts Payable is 0.17. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Touchstone Exploration, assuming nothing else is changed. The correlation between historical values of Touchstone Exploration's Cash And Short Term Investments and Accounts Payable 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 And Short Term Investments of Touchstone Exploration are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., Touchstone Exploration's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Touchstone Exploration balance sheet. This account contains Touchstone Exploration investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Touchstone Exploration fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Accounts Payable

An accounting item on the balance sheet that represents Touchstone Exploration 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 Touchstone Exploration 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.

Most indicators from Touchstone Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchstone Exploration 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 Touchstone Exploration. 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, Touchstone Exploration's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 8.3 M, while Issuance Of Capital Stock is likely to drop about 199.5 K.

Touchstone Exploration fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Good Will
Total Assets		1.0	1.0	1.0	1.0	-0.51	0.27	-0.2	1.0	0.38	-0.19	-0.25	1.0	1.0	1.0	0.98	1.0	1.0	-0.63	-0.23	-0.27	1.0	0.98	1.0	-0.13	0.1
Total Current Liabilities	1.0		1.0	1.0	1.0	-0.52	0.3	-0.21	1.0	0.4	-0.21	-0.21	1.0	1.0	1.0	0.98	1.0	1.0	-0.61	-0.2	-0.23	1.0	0.99	1.0	-0.09	0.12
Total Stockholder Equity	1.0	1.0		1.0	0.99	-0.52	0.28	-0.16	1.0	0.37	-0.15	-0.26	1.0	1.0	1.0	0.99	1.0	1.0	-0.65	-0.23	-0.28	1.0	0.98	1.0	-0.13	0.11
Property Plant And Equipment Net	1.0	1.0	1.0		1.0	-0.51	0.27	-0.21	1.0	0.38	-0.2	-0.24	1.0	1.0	1.0	0.98	1.0	1.0	-0.62	-0.22	-0.27	1.0	0.98	1.0	-0.12	0.1
Net Debt	1.0	1.0	0.99	1.0		-0.5	0.25	-0.26	1.0	0.39	-0.25	-0.23	1.0	1.0	1.0	0.97	1.0	1.0	-0.59	-0.21	-0.26	1.0	0.99	1.0	-0.12	0.08
Retained Earnings	-0.51	-0.52	-0.52	-0.51	-0.5		-0.08	0.08	-0.51	-0.44	0.06	0.27	-0.51	-0.51	-0.51	-0.52	-0.51	-0.51	0.27	0.45	-0.08	-0.51	-0.56	-0.52	-0.05	-0.31
Accounts Payable	0.27	0.3	0.28	0.27	0.25	-0.08		0.24	0.27	0.29	0.17	0.46	0.25	0.27	0.28	0.31	0.26	0.25	-0.2	0.24	0.34	0.27	0.31	0.26	0.09	0.65
Cash	-0.2	-0.21	-0.16	-0.21	-0.26	0.08	0.24		-0.21	-0.23	0.99	-0.15	-0.21	-0.21	-0.21	-0.02	-0.21	-0.21	-0.58	-0.12	-0.21	-0.21	-0.28	-0.22	-0.15	0.19
Non Current Assets Total	1.0	1.0	1.0	1.0	1.0	-0.51	0.27	-0.21		0.38	-0.2	-0.25	1.0	1.0	1.0	0.98	1.0	1.0	-0.62	-0.22	-0.27	1.0	0.98	1.0	-0.13	0.09
Non Currrent Assets Other	0.38	0.4	0.37	0.38	0.39	-0.44	0.29	-0.23	0.38		-0.25	0.37	0.37	0.38	0.39	0.33	0.38	0.37	-0.14	0.1	0.0	0.38	0.37	0.38	0.23	0.31
Cash And Short Term Investments	-0.19	-0.21	-0.15	-0.2	-0.25	0.06	0.17	0.99	-0.2	-0.25		-0.2	-0.2	-0.21	-0.21	-0.01	-0.21	-0.2	-0.59	-0.17	-0.25	-0.21	-0.28	-0.21	-0.17	0.19
Common Stock Shares Outstanding	-0.25	-0.21	-0.26	-0.24	-0.23	0.27	0.46	-0.15	-0.25	0.37	-0.2		-0.26	-0.24	-0.22	-0.3	-0.24	-0.27	0.37	0.8	0.15	-0.25	-0.24	-0.24	0.65	0.29
Other Stockholder Equity	1.0	1.0	1.0	1.0	1.0	-0.51	0.25	-0.21	1.0	0.37	-0.2	-0.26		1.0	1.0	0.98	1.0	1.0	-0.62	-0.23	-0.27	1.0	0.98	1.0	-0.14	0.08
Total Liab	1.0	1.0	1.0	1.0	1.0	-0.51	0.27	-0.21	1.0	0.38	-0.21	-0.24	1.0		1.0	0.98	1.0	1.0	-0.62	-0.22	-0.26	1.0	0.99	1.0	-0.12	0.1
Property Plant And Equipment Gross	1.0	1.0	1.0	1.0	1.0	-0.51	0.28	-0.21	1.0	0.39	-0.21	-0.22	1.0	1.0		0.98	1.0	1.0	-0.62	-0.2	-0.27	1.0	0.98	1.0	-0.1	0.1
Total Current Assets	0.98	0.98	0.99	0.98	0.97	-0.52	0.31	-0.02	0.98	0.33	-0.01	-0.3	0.98	0.98	0.98		0.98	0.98	-0.75	-0.27	-0.31	0.98	0.95	0.98	-0.16	0.14
Short Long Term Debt Total	1.0	1.0	1.0	1.0	1.0	-0.51	0.26	-0.21	1.0	0.38	-0.21	-0.24	1.0	1.0	1.0	0.98		1.0	-0.62	-0.22	-0.27	1.0	0.98	1.0	-0.12	0.09
Other Current Liab	1.0	1.0	1.0	1.0	1.0	-0.51	0.25	-0.21	1.0	0.37	-0.2	-0.27	1.0	1.0	1.0	0.98	1.0		-0.62	-0.24	-0.27	1.0	0.98	1.0	-0.14	0.09
Current Deferred Revenue	-0.63	-0.61	-0.65	-0.62	-0.59	0.27	-0.2	-0.58	-0.62	-0.14	-0.59	0.37	-0.62	-0.62	-0.62	-0.75	-0.62	-0.62		0.27	0.52	-0.62	-0.52	-0.61	0.21	-0.09
Other Assets	-0.23	-0.2	-0.23	-0.22	-0.21	0.45	0.24	-0.12	-0.22	0.1	-0.17	0.8	-0.23	-0.22	-0.2	-0.27	-0.22	-0.24	0.27		0.01	-0.22	-0.23	-0.21	0.52	0.14
Net Receivables	-0.27	-0.23	-0.28	-0.27	-0.26	-0.08	0.34	-0.21	-0.27	0.0	-0.25	0.15	-0.27	-0.26	-0.27	-0.31	-0.27	-0.27	0.52	0.01		-0.27	-0.14	-0.27	0.14	0.33
Non Current Liabilities Total	1.0	1.0	1.0	1.0	1.0	-0.51	0.27	-0.21	1.0	0.38	-0.21	-0.25	1.0	1.0	1.0	0.98	1.0	1.0	-0.62	-0.22	-0.27		0.98	1.0	-0.13	0.09
Inventory	0.98	0.99	0.98	0.98	0.99	-0.56	0.31	-0.28	0.98	0.37	-0.28	-0.24	0.98	0.99	0.98	0.95	0.98	0.98	-0.52	-0.23	-0.14	0.98		0.99	-0.13	0.14
Other Current Assets	1.0	1.0	1.0	1.0	1.0	-0.52	0.26	-0.22	1.0	0.38	-0.21	-0.24	1.0	1.0	1.0	0.98	1.0	1.0	-0.61	-0.21	-0.27	1.0	0.99		-0.1	0.1
Short Term Debt	-0.13	-0.09	-0.13	-0.12	-0.12	-0.05	0.09	-0.15	-0.13	0.23	-0.17	0.65	-0.14	-0.12	-0.1	-0.16	-0.12	-0.14	0.21	0.52	0.14	-0.13	-0.13	-0.1		0.15
Good Will	0.1	0.12	0.11	0.1	0.08	-0.31	0.65	0.19	0.09	0.31	0.19	0.29	0.08	0.1	0.1	0.14	0.09	0.09	-0.09	0.14	0.33	0.09	0.14	0.1	0.15

Click cells to compare fundamentals

Touchstone Exploration Account Relationship Matchups

Touchstone Exploration fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	85.0M	104.6M	143.0M	147.9M	138.9M	132.0M
Total Current Liabilities	15.3M	16.4M	20.9M	21.4M	30.2M	28.6M
Total Stockholder Equity	30.1M	60.4M	67.6M	78.4M	59.8M	56.8M
Property Plant And Equipment Net	69.3M	73.7M	112.0M	118.5M	113.2M	107.5M
Net Debt	8.9M	(16.8M)	14.2M	12M	22.7M	21.5M
Retained Earnings	(19.1M)	(30.2M)	(24.4M)	(27.6M)	(48.2M)	(45.8M)
Accounts Payable	12.1M	16.2M	15.1M	10.8M	13.4M	12.7M
Cash	6.2M	24.3M	17.9M	16.3M	8.2M	7.8M
Non Current Assets Total	70.9M	75.2M	115.2M	121.5M	116.4M	110.6M
Non Currrent Assets Other	1.6M	1.5M	3.1M	2.9M	3.2M	3.0M
Cash And Short Term Investments	6.2M	24.3M	17.9M	16.3M	8.2M	7.8M
Common Stock Shares Outstanding	155.8M	183.8M	217.7M	213.2M	233.5M	245.2M
Liabilities And Stockholders Equity	85.0M	104.6M	143.0M	147.9M	138.9M	132.0M
Other Stockholder Equity	2.3M	2.5M	3.5M	4.9M	6.2M	5.9M
Total Liab	54.9M	44.2M	75.5M	69.5M	79.2M	75.2M
Property Plant And Equipment Gross	69.3M	73.7M	199M	210.3M	200.1M	190.1M
Total Current Assets	14.1M	29.3M	27.9M	26.4M	22.6M	21.4M
Short Long Term Debt Total	15.1M	7.5M	32.2M	28.3M	30.9M	29.3M
Other Current Liab	1.6M	210K	2.6M	2.7M	2.1M	2.0M
Other Assets	1.6M	1.5M	3.1M	2.5M	2.9M	3.0M
Net Receivables	3.1M	4.7M	2.0M	3.3M	7.8M	7.4M
Non Current Liabilities Total	39.7M	27.8M	54.5M	48.1M	49.0M	46.6M
Inventory	71K	92K	143K	129K	91K	86.5K
Other Current Assets	4.8M	254K	7.8M	6.7M	6.5M	6.2M
Accumulated Other Comprehensive Income	(14.6M)	(13.3M)	(13.2M)	(13.5M)	(13.1M)	(13.8M)
Common Stock	61.5M	101.4M	101.8M	114.6M	115.0M	79.5M
Other Liab	25.6M	20.3M	25.4M	25.7M	29.6M	25.5M
Net Tangible Assets	30.1M	60.4M	67.6M	78.4M	70.5M	43.5M
Property Plant Equipment	69.3M	73.7M	112.0M	118.5M	136.3M	84.9M
Long Term Debt	14.0M	7.2M	26.9M	21.0M	15.0M	14.9M
Capital Surpluse	2.3M	2.5M	3.5M	4.9M	5.6M	2.8M
Common Stock Total Equity	21.6M	19.9M	61.5M	101.4M	91.2M	52.9M
Long Term Debt Total	14.1M	7.5M	29.2M	22.3M	25.7M	16.5M

Pair Trading with Touchstone Exploration

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 Touchstone Exploration 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 Touchstone Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving against Touchstone Stock

0.77	ENB-PFC	Enbridge Pref 11	Pair Corr
0.73	BUI	Buhler Industries	Pair Corr
0.68	ENS-PA	E Split Corp	Pair Corr
0.63	ENS	E Split Corp	Pair Corr
0.58	ENB-PFV	Enbridge Pref 5	Pair Corr

The ability to find closely correlated positions to Touchstone Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Exploration 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 Touchstone Exploration - 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 Touchstone Exploration to buy it.

The correlation of Touchstone Exploration 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 Touchstone Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Exploration 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 Touchstone Exploration 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 Correlation Correlation Matching

Other Information on Investing in Touchstone Stock

Balance Sheet is a snapshot of the financial position of Touchstone Exploration at a specified time, usually calculated after every quarter, six months, or one year. Touchstone Exploration Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchstone Exploration 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 Touchstone currently owns. An asset can also be divided into two categories, current and non-current.

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Touchstone Cash And Short Term Investments vs Accounts Payable Analysis

Cash And Short Term Investments vs Accounts Payable

Cash And Short Term Investments vs Accounts Payable Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Accounts Payable

Touchstone Exploration fundamental ratios Correlations

Touchstone Exploration Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Touchstone Exploration fundamental ratios Accounts

Pair Trading with Touchstone Exploration

Moving against Touchstone Stock

Other Information on Investing in Touchstone Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets

Current Deferred Revenue	- 0.75	Total Current Assets
Current Deferred Revenue	- 0.65	Total Stockholder Equity
Current Deferred Revenue	- 0.63	Total Assets
Non Current Liabilities Total	- 0.62	Current Deferred Revenue
Current Deferred Revenue	- 0.62	Other Current Liab
Current Deferred Revenue	- 0.62	Short Long Term Debt Total