Tucows Historical Balance Sheet

TC Stock

CAD 29.64 0.72 2.37%

Trend analysis of Tucows Inc balance sheet accounts such as Net Debt of 446.4 M, Accounts Payable of 4.6 M, Cash of 59.7 M or Non Current Assets Total of 581.1 M provides information on Tucows' total assets, liabilities, and equity, which is the actual value of Tucows Inc to its prevalent stockholders. By breaking down trends over time using Tucows balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Tucows Inc 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 Tucows Inc is a good buy for the upcoming year.

Tucows Inventory

3.51 Million

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

About Tucows Balance Sheet Analysis

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

Tucows Balance Sheet Chart

At this time, Tucows' Non Currrent Assets Other are very stable compared to the past year. As of the 21st of July 2025, Cash And Short Term Investments is likely to grow to about 111.9 M, while Other Current Liabilities is likely to drop about 1.2 M.

Total Assets Other Current Liab Total Current Liabilities Property Plant And Equipment Net

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Total Assets

Total assets refers to the total amount of Tucows assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Tucows Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Tucows balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tucows Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most accounts from Tucows' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Tucows Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2022	2023	2024	2025 (projected)
Other Current Liabilities	164.1M	183.3M	1.3M	1.2M
Total Assets	664.7M	798.4M	758.8M	796.7M

Other Current Liab Total Assets

Tucows balance sheet Correlations

	Total Assets	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Short Term Investments	Current Deferred Revenue	Common Stock Total Equity	Inventory
Total Assets		0.33	0.93	-0.27	0.96	0.96	-0.28	0.75	0.77	1.0	0.9	0.79	0.95	0.23	0.92	-0.53	0.98	0.95	0.97	0.92	0.95	0.1	-0.36	0.9	-0.1	0.82
Other Current Liab	0.33		0.47	0.57	0.19	0.17	0.58	0.69	0.09	0.3	0.24	-0.14	0.49	0.05	0.4	-0.56	0.18	0.13	0.39	0.03	0.1	0.43	-0.27	0.41	-0.06	0.5
Total Current Liabilities	0.93	0.47		-0.08	0.8	0.8	-0.05	0.76	0.59	0.91	0.94	0.6	0.94	0.36	0.99	-0.74	0.87	0.77	0.95	0.75	0.8	0.36	-0.54	0.99	-0.3	0.75
Total Stockholder Equity	-0.27	0.57	-0.08		-0.42	-0.49	0.99	0.24	-0.59	-0.27	-0.36	-0.78	-0.08	-0.12	-0.11	-0.27	-0.46	-0.49	-0.25	-0.62	-0.54	0.08	0.0	-0.06	0.06	0.03
Property Plant And Equipment Net	0.96	0.19	0.8	-0.42		0.98	-0.45	0.68	0.82	0.97	0.82	0.86	0.89	0.16	0.79	-0.34	0.98	1.0	0.9	0.96	0.98	-0.07	-0.24	0.76	-0.01	0.78
Net Debt	0.96	0.17	0.8	-0.49	0.98		-0.5	0.61	0.89	0.96	0.85	0.91	0.85	0.17	0.8	-0.33	0.98	0.98	0.92	0.98	0.99	-0.01	-0.25	0.76	-0.03	0.74
Retained Earnings	-0.28	0.58	-0.05	0.99	-0.45	-0.5		0.22	-0.6	-0.29	-0.33	-0.78	-0.07	-0.09	-0.08	-0.37	-0.46	-0.52	-0.24	-0.63	-0.55	0.15	-0.06	-0.02	0.0	0.0
Accounts Payable	0.75	0.69	0.76	0.24	0.68	0.61	0.22		0.44	0.75	0.58	0.31	0.87	0.08	0.7	-0.6	0.64	0.63	0.73	0.49	0.58	0.25	-0.31	0.7	-0.03	0.91
Cash	0.77	0.09	0.59	-0.59	0.82	0.89	-0.6	0.44		0.76	0.68	0.92	0.64	0.05	0.56	-0.14	0.84	0.84	0.8	0.89	0.87	0.02	-0.1	0.52	0.04	0.66
Non Current Assets Total	1.0	0.3	0.91	-0.27	0.97	0.96	-0.29	0.75	0.76		0.88	0.78	0.95	0.21	0.9	-0.5	0.98	0.96	0.96	0.92	0.95	0.05	-0.33	0.88	-0.08	0.82
Non Currrent Assets Other	0.9	0.24	0.94	-0.36	0.82	0.85	-0.33	0.58	0.68	0.88		0.76	0.86	0.49	0.95	-0.59	0.91	0.81	0.94	0.85	0.86	0.34	-0.59	0.93	-0.4	0.63
Cash And Short Term Investments	0.79	-0.14	0.6	-0.78	0.86	0.91	-0.78	0.31	0.92	0.78	0.76		0.62	0.12	0.61	-0.13	0.89	0.89	0.77	0.96	0.93	0.0	-0.14	0.57	-0.01	0.53
Net Receivables	0.95	0.49	0.94	-0.08	0.89	0.85	-0.07	0.87	0.64	0.95	0.86	0.62		0.28	0.92	-0.67	0.9	0.86	0.94	0.78	0.85	0.16	-0.46	0.9	-0.19	0.85
Common Stock Shares Outstanding	0.23	0.05	0.36	-0.12	0.16	0.17	-0.09	0.08	0.05	0.21	0.49	0.12	0.28		0.36	-0.35	0.24	0.16	0.27	0.18	0.19	0.12	-0.93	0.33	-0.96	-0.08
Other Current Assets	0.92	0.4	0.99	-0.11	0.79	0.8	-0.08	0.7	0.56	0.9	0.95	0.61	0.92	0.36		-0.73	0.87	0.77	0.94	0.76	0.8	0.32	-0.53	0.99	-0.29	0.69
Other Stockholder Equity	-0.53	-0.56	-0.74	-0.27	-0.34	-0.33	-0.37	-0.6	-0.14	-0.5	-0.59	-0.13	-0.67	-0.35	-0.73		-0.43	-0.3	-0.6	-0.28	-0.33	-0.35	0.62	-0.75	0.41	-0.42
Total Liab	0.98	0.18	0.87	-0.46	0.98	0.98	-0.46	0.64	0.84	0.98	0.91	0.89	0.9	0.24	0.87	-0.43		0.98	0.95	0.97	0.99	0.07	-0.33	0.84	-0.11	0.75
Property Plant And Equipment Gross	0.95	0.13	0.77	-0.49	1.0	0.98	-0.52	0.63	0.84	0.96	0.81	0.89	0.86	0.16	0.77	-0.3	0.98		0.88	0.97	0.99	-0.07	-0.23	0.73	-0.01	0.75
Total Current Assets	0.97	0.39	0.95	-0.25	0.9	0.92	-0.24	0.73	0.8	0.96	0.94	0.77	0.94	0.27	0.94	-0.6	0.95	0.88		0.88	0.91	0.24	-0.43	0.92	-0.18	0.8
Short Long Term Debt Total	0.92	0.03	0.75	-0.62	0.96	0.98	-0.63	0.49	0.89	0.92	0.85	0.96	0.78	0.18	0.76	-0.28	0.97	0.97	0.88		0.99	-0.02	-0.23	0.72	-0.04	0.65
Non Current Liabilities Total	0.95	0.1	0.8	-0.54	0.98	0.99	-0.55	0.58	0.87	0.95	0.86	0.93	0.85	0.19	0.8	-0.33	0.99	0.99	0.91	0.99		-0.01	-0.26	0.77	-0.05	0.72
Short Term Debt	0.1	0.43	0.36	0.08	-0.07	-0.01	0.15	0.25	0.02	0.05	0.34	0.0	0.16	0.12	0.32	-0.35	0.07	-0.07	0.24	-0.02	-0.01		-0.24	0.33	-0.23	0.2
Short Term Investments	-0.36	-0.27	-0.54	0.0	-0.24	-0.25	-0.06	-0.31	-0.1	-0.33	-0.59	-0.14	-0.46	-0.93	-0.53	0.62	-0.33	-0.23	-0.43	-0.23	-0.26	-0.24		-0.5	0.94	-0.09
Current Deferred Revenue	0.9	0.41	0.99	-0.06	0.76	0.76	-0.02	0.7	0.52	0.88	0.93	0.57	0.9	0.33	0.99	-0.75	0.84	0.73	0.92	0.72	0.77	0.33	-0.5		-0.26	0.69
Common Stock Total Equity	-0.1	-0.06	-0.3	0.06	-0.01	-0.03	0.0	-0.03	0.04	-0.08	-0.4	-0.01	-0.19	-0.96	-0.29	0.41	-0.11	-0.01	-0.18	-0.04	-0.05	-0.23	0.94	-0.26		0.16
Inventory	0.82	0.5	0.75	0.03	0.78	0.74	0.0	0.91	0.66	0.82	0.63	0.53	0.85	-0.08	0.69	-0.42	0.75	0.75	0.8	0.65	0.72	0.2	-0.09	0.69	0.16

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Tucows Account Relationship Matchups

Tucows balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	451.9M	539.6M	664.7M	798.4M	758.8M	796.7M
Other Current Liab	153.9M	160.4M	164.1M	183.3M	1.3M	1.2M
Total Current Liabilities	163.0M	173.7M	188.2M	201.3M	199.9M	209.8M
Total Stockholder Equity	104.7M	115.1M	96.7M	9.9M	(95.3M)	(90.5M)
Property Plant And Equipment Net	128.8M	190.2M	302.0M	367.1M	366.7M	385.0M
Net Debt	124.4M	196.6M	232.5M	475.6M	425.2M	446.4M
Retained Earnings	80.1M	83.5M	55.9M	(40.3M)	(150.2M)	(142.7M)
Accounts Payable	6.3M	10.0M	17.2M	12.7M	9.0M	4.6M
Cash	8.3M	9.1M	23.5M	92.7M	56.9M	59.7M
Non Current Assets Total	310.7M	392.6M	494.8M	555.7M	553.4M	581.1M
Non Currrent Assets Other	18.0M	19.6M	20.6M	26.7M	30.6M	32.2M
Cash And Short Term Investments	8.3M	9.1M	23.5M	92.7M	106.6M	111.9M
Net Receivables	15.5M	18.8M	26.0M	23.6M	20.9M	21.9M
Common Stock Shares Outstanding	10.7M	10.8M	10.8M	10.9M	11.0M	12.9M
Liabilities And Stockholders Equity	451.9M	539.6M	664.7M	798.4M	918.2M	964.1M
Other Current Assets	115.5M	119.3M	115.6M	119.7M	137.6M	144.5M
Other Stockholder Equity	1.5M	2.8M	8.1M	14.1M	12.7M	12.0M
Total Liab	347.2M	424.5M	568.1M	788.6M	854.1M	896.8M
Property Plant And Equipment Gross	128.8M	244.3M	380.0M	483.8M	523.4M	549.6M
Total Current Assets	141.2M	147.0M	169.9M	242.8M	205.4M	215.7M
Accumulated Other Comprehensive Income	2.3M	343K	784K	1.7M	2.0M	2.1M
Short Long Term Debt Total	132.7M	205.8M	256.0M	568.3M	653.5M	686.2M
Non Current Liabilities Total	184.2M	250.8M	379.9M	587.2M	654.2M	687.0M
Short Term Debt	1.9M	3.2M	4.6M	5.4M	6.2M	3.5M
Current Deferred Revenue	137.2M	142.7M	141.1M	138.7M	159.5M	167.5M
Inventory	1.9M	3.3M	7.3M	6.8M	4.0M	3.5M
Intangible Assets	47.4M	50.4M	39.8M	29.5M	24.8M	27.8M
Common Stock	20.8M	28.5M	31.9M	34.4M	39.5M	21.1M
Good Will	90.1M	109.8M	116.3M	130.4M	150.0M	157.5M
Other Liab	51.9M	53.3M	48.2M	38.1M	43.8M	41.4M
Net Tangible Assets	(73.3M)	(59.1M)	(65.7M)	(73.5M)	(66.2M)	(69.5M)
Other Assets	19.3M	18.2M	19.6M	20.6M	23.7M	21.0M
Property Plant Equipment	93.5M	128.8M	190.2M	302.0M	347.3M	364.6M
Long Term Debt	121.7M	190.7M	238.9M	433.2M	482.1M	506.2M
Deferred Long Term Liab	19.3M	18.0M	19.3M	18.3M	16.5M	15.3M
Net Invested Capital	226.4M	305.8M	335.6M	443.1M	386.8M	300.7M

Pair Trading with Tucows

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

Moving together with Tucows Stock

0.85	GOOG	Alphabet CDR	Pair Corr
0.94	NVDA	NVIDIA CDR	Pair Corr
0.89	MSFT	Microsoft Corp CDR Earnings Call This Week	Pair Corr
0.69	INTC	INTEL CDR	Pair Corr

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

The correlation of Tucows 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 Tucows moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tucows Inc 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 Tucows 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 Tucows Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tucows' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tucows Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tucows Inc Stock:

How To Invest In Tucows

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Is Tucows Stock a good investment?

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What is Tucows' Net Worth?

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You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Please note, there is a significant difference between Tucows' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tucows is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tucows' 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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Tucows Historical Balance Sheet

Tucows Inventory

3.51 Million

About Tucows Balance Sheet Analysis

Tucows Balance Sheet Chart

Total Assets

Total Current Liabilities

Property Plant And Equipment Net

Tucows balance sheet Correlations

Tucows Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tucows balance sheet Accounts

Pair Trading with Tucows

Moving together with Tucows Stock

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Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Total Current Liabilities
Current Deferred Revenue	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.99	Net Debt

Common Stock Total Equity	- 0.96	Common Stock Shares Outstanding
Short Term Investments	- 0.93	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.78	Retained Earnings
Cash And Short Term Investments	- 0.78	Total Stockholder Equity
Current Deferred Revenue	- 0.75	Other Stockholder Equity
Other Stockholder Equity	- 0.74	Total Current Liabilities