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TP ICAP GROUP's change in working capital for the quarter that ended in Jun. 2026 was $-363 Mil.
TP ICAP GROUP's change in working capital for the fiscal year that ended in Dec. 2025 was $-169 Mil.
It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).
TP ICAP GROUP Change In Working Capital Related Terms
TP ICAP GROUP Change In Working Capital Historical Data
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The historical data trend for TP ICAP GROUP's Change In Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TP ICAP GROUP Change In Working Capital Calculation
Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-367 Mil.
Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.
Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net
(566)
(614)
(796)
Inventories
(1,667)
(2,759)
(3,727)
Accounts payable
531
1,061
2,687
Accrued liabilities
103
271
(935)
Accrued income taxes
(1,224)
981
994
For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Change In Working Capital of $-367 Mil mean?
TP ICAP GROUP (TCAPF) has a Change In Working Capital of $-367 Mil as of Jun. 2026. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for TP ICAP GROUP.
Is TP ICAP GROUP's Change In Working Capital too high?
TP ICAP GROUP's current Change In Working Capital is $-367 Mil. Overall, TP ICAP GROUP has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TP ICAP GROUP's Change In Working Capital compare to MS and GS?
TP ICAP GROUP's Change In Working Capital of $-367 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Working Capital for a Capital Markets company?
A good Change In Working Capital depends on the Capital Markets industry context. However, Change In Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Working Capital mean?
A high Change In Working Capital can signal that a stock is expensive relative to its fundamentals. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for TP ICAP GROUP. TP ICAP GROUP's current Change In Working Capital is $-367 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TP ICAP GROUP stock overvalued right now?
Based on GuruFocus' analysis, TP ICAP GROUP (TCAPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.72, compared to a current price of $4.56 — trading 22.6% above its estimated fair value. The current Change In Working Capital is $-367 Mil. TP ICAP GROUP's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Working Capital calculated?
Change In Working Capital is calculated from a company's financial statements. For TP ICAP GROUP (TCAPF), the current Change In Working Capital is $-367 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TP ICAP GROUP (TCAPF) Overvalued in 2026?
Based on GuruFocus' analysis, TP ICAP GROUP stock appears to be overvalued.
The current stock price of $4.56 is trading 22.6% above its estimated GF Value™ of $3.72.
GuruFocus considers TP ICAP GROUP to be Modestly Overvalued.
Key valuation signals for TCAPF:
Change In Working Capital: $-367 Mil
GF Value™: $3.72 vs. price of $4.56 (22.6% above fair value)
No single metric tells the full story. See the TCAPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy, and commodities products. Its role includes creating liquidity and price discovery in markets and providing insight and context to the clients. The company provides proprietary over-the-counter ('OTC') pricing information in the world with the data on financial, energy, and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers, and charities. The company's segments include Global Broking which generates key revenue, Energy & Commodities, Liquidnet, Parameta Solutions, and Corporate.
77GF Score
Get the complete analysis for TCAPF
Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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