Toromont Historical Cash Flow
| TIH Stock | CAD 115.00 0.25 0.22% |
Analysis of Toromont Industries cash flow over time is an excellent tool to project Toromont Industries future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Depreciation of 191.6 M or Dividends Paid of 145.5 M as it is a great indicator of Toromont Industries ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Toromont Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Toromont Industries is a good buy for the upcoming year.
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About Toromont Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Toromont balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Toromont's non-liquid assets can be easily converted into cash.
Toromont Industries Cash Flow Chart
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Depreciation
Depreciation indicates how much of Toromont Industries value has been used up. For tax purposes Toromont Industries can deduct the cost of the tangible assets it purchases as business expenses. However, Toromont Industries must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Toromont Industries to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Toromont Industries operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Toromont Industries financial statement analysis. It represents the amount of money remaining after all of Toromont Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Toromont Industries' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Toromont Industries current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Toromont Industries. 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, Toromont Industries' Total Cash From Operating Activities is very stable compared to the past year. As of the 29th of November 2024, Net Income is likely to grow to about 555.6 M, though Other Non Cash Items is likely to grow to (197.9 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 71.2M | 69.3M | 114.5M | 77.2M | Dividends Paid | 109.1M | 125.2M | 138.6M | 145.5M |
Toromont Industries cash flow statement Correlations
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Toromont Industries Account Relationship Matchups
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Toromont Industries cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 20.2M | 225.5M | 325.7M | 11.0M | 113.0M | 118.6M | |
| Free Cash Flow | 88.8M | 305.7M | 471.5M | 147.6M | 241.3M | 253.4M | |
| Begin Period Cash Flow | 345.4M | 365.6M | 591.1M | 916.8M | 927.8M | 974.2M | |
| Other Cashflows From Financing Activities | 26.7M | 22.0M | 20.8M | 20.5M | 21.0M | 22.1M | |
| Depreciation | 163.0M | 166.3M | 158.4M | 162.8M | 182.4M | 191.6M | |
| Other Non Cash Items | (179.4M) | (64.9M) | (87.7M) | (202.8M) | (208.3M) | (197.9M) | |
| Dividends Paid | 84.8M | 98.5M | 109.1M | 125.2M | 138.6M | 145.5M | |
| Capital Expenditures | 57.2M | 43.3M | 71.2M | 69.3M | 114.5M | 77.2M | |
| Total Cash From Operating Activities | 146.0M | 349.0M | 542.7M | 217.0M | 355.8M | 373.6M | |
| Net Income | 286.8M | 254.9M | 332.7M | 454.2M | 529.1M | 555.6M | |
| Total Cash From Financing Activities | (69.2M) | (90.9M) | (148.1M) | (162.2M) | (164.5M) | (156.3M) | |
| End Period Cash Flow | 365.6M | 591.1M | 916.8M | 927.8M | 1.0B | 1.1B | |
| Sale Purchase Of Stock | (26.7M) | (4.0M) | (50.0M) | (48.5M) | (37.5M) | (35.7M) | |
| Change In Working Capital | (156.8M) | (10.1M) | 129.3M | (213.8M) | (177.0M) | (168.2M) | |
| Change To Inventory | (38.7M) | 183.8M | 8.0M | (305.3M) | (115.2M) | (109.4M) | |
| Stock Based Compensation | 5.7M | 5.7M | 6.5M | 6.8M | 10.9M | 11.4M | |
| Change To Account Receivables | (2.6M) | (16.5M) | 89.6M | (127.7M) | (49.8M) | (47.3M) | |
| Net Borrowings | (11.1M) | (10.3M) | (9.9M) | (9.1M) | (8.2M) | (7.8M) | |
| Total Cashflows From Investing Activities | (56.6M) | (32.6M) | (68.9M) | (44.3M) | (51.0M) | (53.5M) | |
| Change To Operating Activities | 29.3M | 6.6M | (8.8M) | (3.3M) | (3.8M) | (3.6M) | |
| Other Cashflows From Investing Activities | (93K) | (187K) | (133K) | 25.0M | 28.8M | 30.2M | |
| Change To Netincome | (146.9M) | (62.1M) | (77.7M) | (186.3M) | (167.7M) | (159.3M) | |
| Change To Liabilities | (107.3M) | (216.5M) | 48.5M | 209.2M | 240.6M | 252.7M | |
| Investments | (56.6M) | (32.6M) | (68.9M) | (44.3M) | (36.9M) | (38.8M) |
Pair Trading with Toromont Industries
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 Toromont Industries 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 Toromont Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Toromont Stock
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| 0.5 | WMT | Walmart Inc CDR | PairCorr |
| 0.43 | AMZN | Amazon CDR | PairCorr |
| 0.38 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Toromont Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toromont Industries 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 Toromont Industries - 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 Toromont Industries to buy it.
The correlation of Toromont Industries 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 Toromont Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toromont Industries 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 Toromont Industries 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.Other Information on Investing in Toromont Stock
The Cash Flow Statement is a financial statement that shows how changes in Toromont balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Toromont's non-liquid assets can be easily converted into cash.