Toronto Cash And Short Term Investments vs Accounts Payable Analysis

TD Stock

CAD 115.16 0.52 0.45%

Toronto Dominion financial indicator trend analysis is much more than just breaking down Toronto Dominion Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toronto Dominion Bank is a good investment. Please check the relationship between Toronto Dominion 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 Toronto Dominion Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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 Toronto Dominion Bank Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.

The correlation between Toronto Dominion's Cash And Short Term Investments and Accounts Payable is 0.05. 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 Toronto Dominion Bank, assuming nothing else is changed. The correlation between historical values of Toronto Dominion'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 Toronto Dominion Bank 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., Toronto Dominion's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.05

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 Toronto Dominion Bank balance sheet. This account contains Toronto Dominion investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Toronto Dominion Bank 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 Toronto Dominion 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 Toronto Dominion Bank 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 Toronto Dominion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toronto Dominion Bank 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 Toronto Dominion Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, Toronto Dominion's Selling General Administrative is very stable compared to the past year. As of the 1st of November 2025, Enterprise Value Over EBITDA is likely to grow to 30.66, while Tax Provision is likely to drop about 2.9 B.

	2022	2024	2025 (projected)
Interest Expense	50.7B	72.4B	76.0B
Depreciation And Amortization	1.9B	2.2B	1.2B

Interest Expense Depreciation And Amortization

Toronto Dominion fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Other Current Assets	Good Will	Intangible Assets	Common Stock
Total Assets		0.9	-0.17	0.93	1.0	0.97	0.75	0.99	0.92	0.9	0.83	-0.55	-0.24	0.08	0.55	0.81	0.64	1.0	0.95	0.89	0.96	0.43	0.63	0.86	0.56	0.83
Short Long Term Debt Total	0.9		-0.08	0.89	0.89	0.89	0.92	0.93	0.75	0.87	0.9	-0.42	-0.49	-0.11	0.26	0.89	0.71	0.91	0.96	0.93	0.93	0.25	0.8	0.67	0.52	0.65
Other Current Liab	-0.17	-0.08		-0.13	-0.2	-0.21	0.18	-0.23	-0.06	-0.18	0.33	-0.54	-0.72	-0.88	-0.1	0.35	0.38	-0.16	-0.15	0.19	-0.1	-0.35	0.47	-0.16	0.46	-0.19
Total Current Liabilities	0.93	0.89	-0.13		0.92	0.86	0.79	0.95	0.89	0.8	0.83	-0.53	-0.33	-0.04	0.34	0.85	0.64	0.93	0.89	0.86	0.98	0.42	0.69	0.77	0.52	0.7
Total Stockholder Equity	1.0	0.89	-0.2	0.92		0.96	0.73	0.99	0.92	0.87	0.81	-0.54	-0.2	0.1	0.57	0.78	0.61	1.0	0.94	0.86	0.95	0.45	0.6	0.88	0.56	0.84
Property Plant And Equipment Net	0.97	0.89	-0.21	0.86	0.96		0.69	0.95	0.87	0.96	0.79	-0.47	-0.22	0.18	0.5	0.75	0.6	0.97	0.97	0.88	0.89	0.41	0.6	0.79	0.46	0.79
Net Debt	0.75	0.92	0.18	0.79	0.73	0.69		0.79	0.62	0.68	0.91	-0.4	-0.66	-0.44	0.18	0.92	0.73	0.75	0.83	0.85	0.85	0.14	0.85	0.53	0.6	0.51
Retained Earnings	0.99	0.93	-0.23	0.95	0.99	0.95	0.79		0.9	0.88	0.82	-0.47	-0.25	0.09	0.47	0.8	0.6	0.99	0.96	0.87	0.97	0.47	0.64	0.83	0.5	0.8
Accounts Payable	0.92	0.75	-0.06	0.89	0.92	0.87	0.62	0.9		0.79	0.75	-0.61	-0.21	0.05	0.56	0.75	0.52	0.92	0.84	0.79	0.87	0.62	0.56	0.85	0.57	0.79
Cash	0.9	0.87	-0.18	0.8	0.87	0.96	0.68	0.88	0.79		0.77	-0.35	-0.23	0.17	0.32	0.73	0.69	0.9	0.95	0.85	0.81	0.25	0.61	0.66	0.39	0.64
Non Current Assets Total	0.83	0.9	0.33	0.83	0.81	0.79	0.91	0.82	0.75	0.77		-0.69	-0.72	-0.43	0.27	0.99	0.83	0.83	0.86	0.98	0.87	0.13	0.94	0.63	0.7	0.58
Non Currrent Assets Other	-0.55	-0.42	-0.54	-0.53	-0.54	-0.47	-0.4	-0.47	-0.61	-0.35	-0.69		0.55	0.42	-0.42	-0.68	-0.56	-0.55	-0.41	-0.68	-0.55	-0.12	-0.69	-0.6	-0.73	-0.52
Other Assets	-0.24	-0.49	-0.72	-0.33	-0.2	-0.22	-0.66	-0.25	-0.21	-0.23	-0.72	0.55		0.78	0.21	-0.73	-0.56	-0.24	-0.35	-0.63	-0.35	0.15	-0.88	-0.06	-0.49	-0.03
Cash And Short Term Investments	0.08	-0.11	-0.88	-0.04	0.1	0.18	-0.44	0.09	0.05	0.17	-0.43	0.42	0.78		0.17	-0.48	-0.46	0.08	0.05	-0.25	-0.09	0.37	-0.57	0.14	-0.51	0.17
Common Stock Shares Outstanding	0.55	0.26	-0.1	0.34	0.57	0.5	0.18	0.47	0.56	0.32	0.27	-0.42	0.21	0.17		0.23	0.1	0.55	0.39	0.29	0.44	0.42	0.0	0.76	0.56	0.85
Non Current Liabilities Total	0.81	0.89	0.35	0.85	0.78	0.75	0.92	0.8	0.75	0.73	0.99	-0.68	-0.73	-0.48	0.23		0.83	0.81	0.83	0.96	0.87	0.14	0.95	0.61	0.71	0.55
Other Stockholder Equity	0.64	0.71	0.38	0.64	0.61	0.6	0.73	0.6	0.52	0.69	0.83	-0.56	-0.56	-0.46	0.1	0.83		0.64	0.66	0.81	0.67	-0.31	0.81	0.42	0.66	0.35
Total Liab	1.0	0.91	-0.16	0.93	1.0	0.97	0.75	0.99	0.92	0.9	0.83	-0.55	-0.24	0.08	0.55	0.81	0.64		0.95	0.89	0.96	0.43	0.64	0.86	0.56	0.83
Property Plant And Equipment Gross	0.95	0.96	-0.15	0.89	0.94	0.97	0.83	0.96	0.84	0.95	0.86	-0.41	-0.35	0.05	0.39	0.83	0.66	0.95		0.91	0.92	0.37	0.7	0.74	0.47	0.73
Total Current Assets	0.89	0.93	0.19	0.86	0.86	0.88	0.85	0.87	0.79	0.85	0.98	-0.68	-0.63	-0.25	0.29	0.96	0.81	0.89	0.91		0.89	0.18	0.91	0.68	0.64	0.63
Short Term Debt	0.96	0.93	-0.1	0.98	0.95	0.89	0.85	0.97	0.87	0.81	0.87	-0.55	-0.35	-0.09	0.44	0.87	0.67	0.96	0.92	0.89		0.37	0.71	0.8	0.59	0.76
Net Receivables	0.43	0.25	-0.35	0.42	0.45	0.41	0.14	0.47	0.62	0.25	0.13	-0.12	0.15	0.37	0.42	0.14	-0.31	0.43	0.37	0.18	0.37		-0.02	0.51	0.01	0.51
Other Current Assets	0.63	0.8	0.47	0.69	0.6	0.6	0.85	0.64	0.56	0.61	0.94	-0.69	-0.88	-0.57	0.0	0.95	0.81	0.64	0.7	0.91	0.71	-0.02		0.43	0.63	0.36
Good Will	0.86	0.67	-0.16	0.77	0.88	0.79	0.53	0.83	0.85	0.66	0.63	-0.6	-0.06	0.14	0.76	0.61	0.42	0.86	0.74	0.68	0.8	0.51	0.43		0.71	0.96
Intangible Assets	0.56	0.52	0.46	0.52	0.56	0.46	0.6	0.5	0.57	0.39	0.7	-0.73	-0.49	-0.51	0.56	0.71	0.66	0.56	0.47	0.64	0.59	0.01	0.63	0.71		0.65
Common Stock	0.83	0.65	-0.19	0.7	0.84	0.79	0.51	0.8	0.79	0.64	0.58	-0.52	-0.03	0.17	0.85	0.55	0.35	0.83	0.73	0.63	0.76	0.51	0.36	0.96	0.65

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Toronto Dominion Account Relationship Matchups

Toronto Dominion fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.7T	1.9T	2.0T	2.1T	2.4T	2.5T
Short Long Term Debt Total	144.0B	256.8B	374.0B	401.8B	462.1B	485.2B
Other Current Liab	(156.7B)	(166.4B)	(248.2B)	5.0B	4.5B	4.7B
Total Current Liabilities	156.7B	166.3B	248.1B	266.8B	306.8B	322.1B
Total Stockholder Equity	99.8B	111.4B	112.1B	115.2B	132.4B	139.1B
Property Plant And Equipment Net	9.2B	9.4B	9.4B	9.8B	11.3B	11.9B
Net Debt	90.9B	228.2B	296.7B	277.6B	319.3B	335.2B
Retained Earnings	63.9B	73.7B	73.0B	70.8B	81.4B	85.5B
Accounts Payable	37.2B	32.1B	43.7B	39.9B	45.8B	48.1B
Cash	165.9B	145.9B	105.1B	178.0B	204.7B	215.0B
Non Current Assets Total	385.8B	531.9B	592.2B	1.9T	2.1T	2.3T
Non Currrent Assets Other	(385.8B)	(2.3B)	(2.2B)	(562.1B)	(505.9B)	(480.6B)
Other Assets	941.8B	1.1T	(507.8B)	6.0B	6.9B	6.5B
Cash And Short Term Investments	273.9B	209.5B	179.7B	6.7B	7.7B	7.3B
Common Stock Shares Outstanding	1.8B	1.8B	1.8B	1.8B	2.0B	1.8B
Liabilities And Stockholders Equity	1.7T	1.9T	2.0T	2.1T	2.4T	2.5T
Non Current Liabilities Total	41.2B	127.9B	248.1B	802.8B	923.2B	969.3B
Other Stockholder Equity	11M	81M	26M	10.0B	9.0B	9.4B
Total Liab	1.6T	1.8T	1.8T	1.9T	2.2T	2.4T
Property Plant And Equipment Gross	12.7B	13.2B	13.4B	13.7B	15.8B	16.6B
Total Current Assets	307.8B	255.1B	220.0B	598.5B	688.2B	722.7B
Short Term Debt	121.5B	129.1B	216.0B	217.9B	250.6B	263.1B
Net Receivables	45.6B	40.3B	54.6B	18.4B	21.2B	25.3B
Other Current Assets	22.8B	1.3B	1.3B	600.3B	540.3B	567.3B
Accumulated Other Comprehensive Income	13.4B	7.1B	2.0B	2.8B	3.2B	4.3B
Good Will	16.2B	17.7B	18.6B	18.9B	21.7B	16.5B
Intangible Assets	2.1B	2.3B	2.8B	3.0B	3.5B	2.7B
Common Stock	23.1B	24.4B	25.4B	25.4B	29.2B	20.8B
Short Term Investments	43.6B	33.8B	33.2B	52.5B	60.3B	63.0B
Other Liab	16.9B	18.7B	15.3B	22.6B	26.0B	17.9B
Net Tangible Assets	62.4B	70.6B	77.5B	85.8B	98.7B	64.8B
Long Term Debt	51.6B	53.9B	178.9B	204.3B	235.0B	246.7B
Inventory	77M	(585.0B)	(592.1B)	(598.5B)	(538.6B)	(511.7B)
Long Term Investments	504.3B	562.9B	531.3B	536.0B	616.4B	436.9B
Short Long Term Debt	129.1B	216.0B	217.9B	251.3B	289.0B	303.5B
Property Plant Equipment	9.2B	9.4B	9.4B	9.8B	11.3B	8.0B
Long Term Debt Total	57.1B	59.2B	55.4B	53.5B	61.5B	32.6B
Capital Surpluse	173M	179M	155M	204M	183.6M	145.0M

Pair Trading with Toronto Dominion

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 Toronto Dominion 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 Toronto Dominion will appreciate offsetting losses from the drop in the long position's value.

Moving together with Toronto Stock

0.63	GOOG	Alphabet CDR	Pair Corr
0.9	GOOG	Alphabet CDR	Pair Corr
0.91	AAPL	Apple CDR	Pair Corr

Moving against Toronto Stock

0.42	AMZN	Amazon CDR	Pair Corr
0.31	AMZN	Amazon CDR	Pair Corr

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

The correlation of Toronto Dominion 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 Toronto Dominion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toronto Dominion Bank 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 Toronto Dominion 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

When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:

How To Invest In Toronto

Details

Is Toronto Stock a good investment?

Details

What is Toronto Dominion's Net Worth?

Details

Largest Diversified Banks Companies

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Largest Banks - Diversified Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Toronto 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

Toronto Dominion fundamental ratios Correlations

Toronto Dominion Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toronto Dominion fundamental ratios Accounts

Pair Trading with Toronto Dominion

Moving together with Toronto Stock

Moving against Toronto Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Retained Earnings

Other Current Assets	- 0.88	Other Assets
Cash And Short Term Investments	- 0.88	Other Current Liab
Non Current Liabilities Total	- 0.73	Other Assets
Intangible Assets	- 0.73	Non Currrent Assets Other
Other Assets	- 0.72	Non Current Assets Total
Other Assets	- 0.72	Other Current Liab