Toronto Dominion Bank Stock Current Ratio

TD Stock

USD 58.69 0.63 1.06%

Toronto Dominion Bank fundamentals help investors to digest information that contributes to Toronto Dominion's financial success or failures. It also enables traders to predict the movement of Toronto Stock. The fundamental analysis module provides a way to measure Toronto Dominion's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Toronto Dominion stock.

		Last Reported	Projected for Next Year
	Current Ratio	0.74	0.71

As of May 2, 2024, Current Ratio is expected to decline to 0.71.

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Toronto Dominion Bank Company Current Ratio Analysis

Toronto Dominion's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Toronto Dominion Current Ratio

0.71

Most of Toronto Dominion's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Toronto Dominion Bank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Toronto Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Toronto Dominion is extremely important. It helps to project a fair market value of Toronto Stock properly, considering its historical fundamentals such as Current Ratio. Since Toronto Dominion's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Toronto Dominion's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Toronto Dominion's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Net Tangible Assets	Long Term Debt	Good Will	Short Term Investments	Long Term Investments	Short Long Term Debt	Treasury Stock	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Capital Surpluse	Earning Assets	Net Invested Capital	Capital Stock
Total Assets		1.0	0.72	0.99	0.85	1.0	0.87	0.91	0.91	0.93	0.95	0.79	0.71	0.08	0.82	0.87	-0.43	-0.66	0.96	0.84	0.84	-0.75	0.83	0.78	0.77
Total Stockholder Equity	1.0		0.71	0.99	0.84	1.0	0.86	0.9	0.92	0.91	0.95	0.77	0.73	0.1	0.81	0.86	-0.42	-0.67	0.94	0.85	0.83	-0.74	0.82	0.77	0.76
Net Debt	0.72	0.71		0.79	0.47	0.72	0.41	0.84	0.59	0.82	0.7	0.94	0.27	-0.39	0.59	0.9	-0.46	-0.18	0.68	0.53	0.89	-0.33	0.61	0.96	0.89
Retained Earnings	0.99	0.99	0.79		0.83	0.99	0.84	0.94	0.85	0.95	0.96	0.82	0.63	0.0	0.82	0.91	-0.44	-0.56	0.95	0.86	0.9	-0.73	0.86	0.84	0.82
Accounts Payable	0.85	0.84	0.47	0.83		0.85	0.81	0.76	0.74	0.81	0.81	0.55	0.78	0.24	0.7	0.63	-0.46	-0.53	0.81	0.82	0.66	-0.59	0.85	0.52	0.63
Total Liab	1.0	1.0	0.72	0.99	0.85		0.87	0.91	0.91	0.93	0.95	0.79	0.71	0.07	0.82	0.87	-0.43	-0.66	0.96	0.84	0.84	-0.75	0.83	0.78	0.77
Total Current Assets	0.87	0.86	0.41	0.84	0.81	0.87		0.7	0.71	0.77	0.84	0.54	0.61	0.1	0.75	0.71	-0.19	-0.59	0.93	0.77	0.72	-0.88	0.87	0.53	0.58
Short Term Debt	0.91	0.9	0.84	0.94	0.76	0.91	0.7		0.75	0.94	0.88	0.87	0.51	-0.04	0.73	0.92	-0.41	-0.38	0.85	0.77	0.86	-0.65	0.78	0.89	0.85
Common Stock	0.91	0.92	0.59	0.85	0.74	0.91	0.71	0.75		0.77	0.8	0.65	0.83	0.16	0.72	0.69	-0.51	-0.86	0.82	0.66	0.64	-0.55	0.6	0.63	0.6
Net Receivables	0.93	0.91	0.82	0.95	0.81	0.93	0.77	0.94	0.77		0.92	0.88	0.52	-0.03	0.8	0.91	-0.41	-0.41	0.91	0.77	0.91	-0.65	0.82	0.84	0.82
Net Tangible Assets	0.95	0.95	0.7	0.96	0.81	0.95	0.84	0.88	0.8	0.92		0.75	0.61	0.11	0.9	0.85	-0.36	-0.51	0.9	0.9	0.83	-0.76	0.85	0.76	0.75
Long Term Debt	0.79	0.77	0.94	0.82	0.55	0.79	0.54	0.87	0.65	0.88	0.75		0.31	-0.32	0.62	0.93	-0.39	-0.24	0.78	0.6	0.89	-0.5	0.67	0.94	0.88
Good Will	0.71	0.73	0.27	0.63	0.78	0.71	0.61	0.51	0.83	0.52	0.61	0.31		0.35	0.55	0.4	-0.38	-0.77	0.6	0.64	0.35	-0.38	0.56	0.31	0.45
Short Term Investments	0.08	0.1	-0.39	0.0	0.24	0.07	0.1	-0.04	0.16	-0.03	0.11	-0.32	0.35		0.2	-0.32	0.03	-0.26	-0.06	0.24	-0.37	-0.11	-0.13	-0.34	-0.35
Long Term Investments	0.82	0.81	0.59	0.82	0.7	0.82	0.75	0.73	0.72	0.8	0.9	0.62	0.55	0.2		0.73	-0.44	-0.52	0.79	0.77	0.71	-0.68	0.74	0.63	0.64
Short Long Term Debt	0.87	0.86	0.9	0.91	0.63	0.87	0.71	0.92	0.69	0.91	0.85	0.93	0.4	-0.32	0.73		-0.32	-0.33	0.88	0.68	0.94	-0.67	0.81	0.95	0.92
Treasury Stock	-0.43	-0.42	-0.46	-0.44	-0.46	-0.43	-0.19	-0.41	-0.51	-0.41	-0.36	-0.39	-0.38	0.03	-0.44	-0.32		0.51	-0.36	-0.3	-0.44	-0.03	-0.34	-0.38	-0.37
Intangible Assets	-0.66	-0.67	-0.18	-0.56	-0.53	-0.66	-0.59	-0.38	-0.86	-0.41	-0.51	-0.24	-0.77	-0.26	-0.52	-0.33	0.51		-0.59	-0.4	-0.32	0.42	-0.35	-0.22	-0.2
Property Plant Equipment	0.96	0.94	0.68	0.95	0.81	0.96	0.93	0.85	0.82	0.91	0.9	0.78	0.6	-0.06	0.79	0.88	-0.36	-0.59		0.78	0.88	-0.8	0.89	0.77	0.77
Current Deferred Revenue	0.84	0.85	0.53	0.86	0.82	0.84	0.77	0.77	0.66	0.77	0.9	0.6	0.64	0.24	0.77	0.68	-0.3	-0.4	0.78		0.68	-0.75	0.86	0.6	0.7
Long Term Debt Total	0.84	0.83	0.89	0.9	0.66	0.84	0.72	0.86	0.64	0.91	0.83	0.89	0.35	-0.37	0.71	0.94	-0.44	-0.32	0.88	0.68		-0.58	0.84	0.9	0.88
Capital Surpluse	-0.75	-0.74	-0.33	-0.73	-0.59	-0.75	-0.88	-0.65	-0.55	-0.65	-0.76	-0.5	-0.38	-0.11	-0.68	-0.67	-0.03	0.42	-0.8	-0.75	-0.58		-0.75	-0.48	-0.5
Earning Assets	0.83	0.82	0.61	0.86	0.85	0.83	0.87	0.78	0.6	0.82	0.85	0.67	0.56	-0.13	0.74	0.81	-0.34	-0.35	0.89	0.86	0.84	-0.75		0.68	0.82
Net Invested Capital	0.78	0.77	0.96	0.84	0.52	0.78	0.53	0.89	0.63	0.84	0.76	0.94	0.31	-0.34	0.63	0.95	-0.38	-0.22	0.77	0.6	0.9	-0.48	0.68		0.93
Capital Stock	0.77	0.76	0.89	0.82	0.63	0.77	0.58	0.85	0.6	0.82	0.75	0.88	0.45	-0.35	0.64	0.92	-0.37	-0.2	0.77	0.7	0.88	-0.5	0.82	0.93

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Toronto Current Ratio Historical Pattern

Today, most investors in Toronto Dominion Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Toronto Dominion's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Toronto Dominion current ratio as a starting point in their analysis.

Toronto Dominion Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Toronto Dominion

Current Ratio Over Time

Toronto Dominion Current Valuation Drivers

We derive many important indicators used in calculating different scores of Toronto Dominion from analyzing Toronto Dominion's financial statements. These drivers represent accounts that assess Toronto Dominion's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Toronto Dominion's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	136.8B	106.4B	164.4B	157.9B	142.1B	149.2B
Enterprise Value	144.2B	(23.2B)	255.3B	386.1B	347.5B	364.9B

Toronto Dominion ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Toronto Dominion's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Toronto Dominion's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Toronto Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0063
	Profit Margin	0.24 %
	Operating Margin	0.30 %
	Current Valuation	45.96 B
	Shares Outstanding	1.77 B
	Shares Owned By Insiders	0.10 %
	Shares Owned By Institutions	58.73 %
	Number Of Shares Shorted	25.97 M
	Price To Earning	11.50 X
	Price To Book	1.35 X
	Price To Sales	2.01 X
	Revenue	52.93 B
	Gross Profit	49.2 B
	EBITDA	15.86 B
	Net Income	10.78 B
	Cash And Equivalents	517.19 B
	Cash Per Share	285.25 X
	Total Debt	411.43 B
	Debt To Equity	15.20 %
	Book Value Per Share	60.53 X
	Cash Flow From Operations	(65.3 B)
	Short Ratio	5.79 X
	Earnings Per Share	4.63 X
	Price To Earnings To Growth	1.09 X
	Target Price	65.42
	Number Of Employees	103.18 K
	Beta	0.83
	Market Capitalization	104.94 B
	Total Asset	1.96 T
	Retained Earnings	73.04 B
	Annual Yield	0.05 %
	Five Year Return	3.86 %
	Net Asset	1.96 T
	Last Dividend Paid	3.9

About Toronto Dominion Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Toronto Dominion Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Toronto Dominion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Toronto Dominion Bank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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:

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Check out Toronto Dominion Piotroski F Score and Toronto Dominion Altman Z Score analysis.

Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.

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Is Toronto Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.888

Dividend Share

3.9

Earnings Share

4.63

Revenue Per Share

27.824

Quarterly Revenue Growth

0.104

The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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 Dominion Bank Stock Current Ratio

Toronto Dominion Bank Company Current Ratio Analysis

Current Toronto Dominion Current Ratio

Toronto Current Ratio Driver Correlations

Toronto Current Ratio Historical Pattern

Toronto Dominion Current Valuation Drivers

Toronto Dominion ESG Sustainability

Toronto Fundamentals

About Toronto Dominion Fundamental Analysis

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