Torex Non Current Liabilities Total vs Inventory Analysis

TXG Stock  CAD 28.41  1.46  4.89%   
Torex Gold financial indicator trend analysis is much more than just breaking down Torex Gold Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torex Gold Resources is a good investment. Please check the relationship between Torex Gold Non Current Liabilities Total and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torex Gold Resources. 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.

Non Current Liabilities Total vs Inventory

Non Current Liabilities Total vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torex Gold Resources Non Current Liabilities Total account and Inventory. At this time, the significance of the direction appears to have no relationship.
The correlation between Torex Gold's Non Current Liabilities Total and Inventory is 0.0. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Inventory in the same time period over historical financial statements of Torex Gold Resources, assuming nothing else is changed. The correlation between historical values of Torex Gold's Non Current Liabilities Total and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Torex Gold Resources are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Current Liabilities Total i.e., Torex Gold's Non Current Liabilities Total and Inventory go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Non Current Liabilities Total

Inventory

Most indicators from Torex Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torex Gold Resources 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 Torex Gold Resources. 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, Torex Gold's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 50.2 M, while Enterprise Value is likely to drop about 422.7 M.

Torex Gold fundamental ratios Correlations

0.690.890.95-0.030.570.850.260.270.260.690.270.850.83-0.360.60.720.840.960.840.910.630.880.830.790.91
0.690.680.81-0.420.890.610.280.27-0.160.18-0.260.680.86-0.120.030.650.380.610.730.910.570.520.530.780.58
0.890.680.87-0.160.660.930.240.250.340.510.030.960.73-0.30.480.740.70.820.660.850.450.840.910.820.86
0.950.810.87-0.320.730.790.420.420.090.59-0.030.830.85-0.320.330.820.670.860.840.940.640.770.730.840.82
-0.03-0.42-0.16-0.32-0.53-0.09-0.77-0.770.410.080.88-0.2-0.12-0.020.66-0.630.330.21-0.01-0.210.140.160.01-0.340.13
0.570.890.660.73-0.530.490.250.25-0.21-0.07-0.450.620.77-0.03-0.160.60.180.470.60.830.560.350.420.730.43
0.850.610.930.79-0.090.490.230.250.340.620.130.930.71-0.340.560.710.730.780.620.750.310.870.950.770.86
0.260.280.240.42-0.770.250.231.0-0.140.39-0.420.280.12-0.25-0.170.810.050.010.080.23-0.210.070.230.380.07
0.270.270.250.42-0.770.250.251.0-0.150.4-0.420.30.13-0.26-0.160.820.060.010.080.23-0.220.080.240.390.08
0.26-0.160.340.090.41-0.210.34-0.14-0.150.350.420.19-0.1-0.150.550.010.420.330.020.060.10.380.420.060.35
0.690.180.510.590.08-0.070.620.390.40.350.40.520.35-0.350.690.530.850.650.480.410.150.70.650.540.72
0.27-0.260.03-0.030.88-0.450.13-0.42-0.420.420.40.00.09-0.160.84-0.260.560.440.190.010.170.360.23-0.150.31
0.850.680.960.83-0.20.620.930.280.30.190.520.00.74-0.320.460.770.670.760.610.810.330.830.90.820.83
0.830.860.730.85-0.120.770.710.120.13-0.10.350.090.74-0.190.340.590.610.810.810.920.650.670.620.770.72
-0.36-0.12-0.3-0.32-0.02-0.03-0.34-0.25-0.26-0.15-0.35-0.16-0.32-0.19-0.31-0.35-0.34-0.31-0.35-0.24-0.17-0.43-0.35-0.3-0.43
0.60.030.480.330.66-0.160.56-0.17-0.160.550.690.840.460.34-0.310.140.870.70.410.330.210.710.680.330.69
0.720.650.740.82-0.630.60.710.810.820.010.53-0.260.770.59-0.350.140.420.510.480.690.160.540.660.730.54
0.840.380.70.670.330.180.730.050.060.420.850.560.670.61-0.340.870.420.880.690.640.440.860.810.690.91
0.960.610.820.860.210.470.780.010.010.330.650.440.760.81-0.310.70.510.880.860.860.720.890.770.690.92
0.840.730.660.84-0.010.60.620.080.080.020.480.190.610.81-0.350.410.480.690.860.870.730.80.590.740.83
0.910.910.850.94-0.210.830.750.230.230.060.410.010.810.92-0.240.330.690.640.860.870.690.730.710.850.79
0.630.570.450.640.140.560.31-0.21-0.220.10.150.170.330.65-0.170.210.160.440.720.730.690.440.280.410.55
0.880.520.840.770.160.350.870.070.080.380.70.360.830.67-0.430.710.540.860.890.80.730.440.860.720.97
0.830.530.910.730.010.420.950.230.240.420.650.230.90.62-0.350.680.660.810.770.590.710.280.860.780.87
0.790.780.820.84-0.340.730.770.380.390.060.54-0.150.820.77-0.30.330.730.690.690.740.850.410.720.780.81
0.910.580.860.820.130.430.860.070.080.350.720.310.830.72-0.430.690.540.910.920.830.790.550.970.870.81
Click cells to compare fundamentals

Torex Gold Account Relationship Matchups

Torex Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.3B1.4B1.6B1.8B1.9B
Other Current Liab900K4.1M70.9M46.4M69.9M73.4M
Total Current Liabilities242.6M205.2M194.4M243.3M281.7M295.8M
Total Stockholder Equity834.8M946.1M1.1B1.3B1.5B1.6B
Net Debt13.1M(130.7M)(252.4M)(372.1M)(140.8M)(133.8M)
Retained Earnings(158.5M)(49.5M)102.2M291M495.4M520.2M
Accounts Payable90.6M119.9M121.4M86.4M101M106.1M
Cash161.8M174.1M255.7M376M172.8M108.8M
Cash And Short Term Investments161.8M206.2M255.7M376M172.8M110.3M
Net Receivables38.1M2.1M3.4M2.6M10.1M6.5M
Common Stock Shares Outstanding85.8M86.1M86.1M86.1M86.4M49.1M
Liabilities And Stockholders Equity1.2B1.3B1.4B1.6B1.8B1.9B
Non Current Liabilities Total152.2M101.1M64.1M59.9M59M114.9M
Inventory129.2M112.2M123.3M120.2M126.6M132.9M
Other Current Assets10M51.4M71.5M63.1M96M100.8M
Other Stockholder Equity33.3M24.4M24.3M24.2M27.8M52.7M
Total Liab394.8M306.3M258.5M303.2M340.7M183.7M
Total Current Assets339.1M371.9M453.9M561.9M405.5M425.8M
Property Plant And Equipment Net874.4M827.3M836.1M931.9M1.2B664.1M
Non Current Assets Total890.5M880.5M905M1.0B1.4B1.5B
Other Assets16.1M53.2M68.9M95M109.3M114.7M
Property Plant And Equipment Gross874.4M827.3M1.9B2.2B2.7B2.9B
Non Currrent Assets Other16.1M10.8M13.5M9.1M181.3M190.4M
Common Stock1.0B1.0B1.0B1.0B1.0B1.0B
Other Liab58.4M59.6M62.9M58.6M67.4M51.4M
Net Tangible Assets834.8M946.1M1.1B1.3B1.5B900.8M
Common Stock Total Equity966.4M1.0B1.0B1.0B1.2B1.0B
Property Plant Equipment874.4M827.3M836.1M931.9M1.1B905.0M
Short Long Term Debt Total174.9M43.4M3.3M3.9M32M30.4M
Short Long Term Debt56.2M82.8M81.7M2.2M2.5M2.4M
Short Term Debt82.4M3.3M2.1M2.6M23.9M24.4M
Current Deferred Revenue18M68.7M77.9M134.2M154.3M162.0M
Long Term Debt Total93.2M41.2M1.2M1.3M1.2M1.1M
Capital Surpluse33.3M24.4M24.3M24.2M21.8M23.4M
Cash And Equivalents161.8M174.1M255.7M376M432.4M454.0M
Net Invested Capital1.0B989.5M1.1B1.3B1.5B1.3B
Net Working Capital96.5M166.7M259.5M318.6M123.8M163.4M
Capital Stock1.0B1.0B1.0B1.0B1.0B1.1B

Pair Trading with Torex Gold

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 Torex Gold 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 Torex Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Torex Stock

  0.72AG First Majestic SilverPairCorr
  0.76IE Ivanhoe EnergyPairCorr

Moving against Torex Stock

  0.5INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Torex Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Torex Gold 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 Torex Gold - 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 Torex Gold Resources to buy it.
The correlation of Torex Gold 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 Torex Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Torex Gold Resources 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 Torex Gold 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 Torex Stock

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