Thermon Accounts Payable vs Long Term Debt Analysis

THR Stock

USD 30.15 0.35 1.15%

Thermon Group financial indicator trend analysis is much more than just breaking down Thermon Group Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thermon Group Holdings is a good investment. Please check the relationship between Thermon Group Accounts Payable and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thermon Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Accounts Payable vs Long Term Debt

Accounts Payable vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermon Group Holdings Accounts Payable account and Long Term Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Thermon Group's Accounts Payable and Long Term Debt is 0.37. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Thermon Group Holdings, assuming nothing else is changed. The correlation between historical values of Thermon Group's Accounts Payable and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Thermon Group Holdings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Accounts Payable i.e., Thermon Group's Accounts Payable and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Thermon Group 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 Thermon Group Holdings 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.

Long Term Debt

Long-term debt is a debt that Thermon Group Holdings has held for over one year. Long-term debt appears on Thermon Group Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Thermon Group Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Thermon Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thermon Group Holdings 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 Thermon Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

As of 06/08/2024, Selling General Administrative is likely to drop to about 56 K. In addition to that, Tax Provision is likely to drop to about 9.3 M

	2021	2022	2023	2024 (projected)
Interest Expense	5.8M	5.9M	8.8M	7.3M
Depreciation And Amortization	4.2M	22.8M	18.8M	14.1M

Interest Expense Depreciation And Amortization

Thermon Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.75	0.65	0.77	0.93	0.67	0.9	0.62	0.79	0.85	-0.04	0.98	0.57	0.37	0.6	-0.04	0.93	0.98	-0.53	0.58	0.93	0.67	0.7	0.63	0.76	0.9
Short Long Term Debt Total	0.75		0.41	0.4	0.48	0.47	0.72	0.92	0.46	0.52	-0.32	0.81	0.51	0.44	0.96	-0.32	0.76	0.73	-0.25	0.95	0.66	0.24	0.55	0.78	0.46	0.48
Other Current Liab	0.65	0.41		0.72	0.67	0.64	0.75	0.35	0.77	0.65	-0.05	0.59	0.47	0.11	0.27	-0.05	0.77	0.7	0.06	0.19	0.83	0.87	0.22	0.36	0.75	0.74
Total Current Liabilities	0.77	0.4	0.72		0.78	0.41	0.62	0.35	0.72	0.81	-0.08	0.73	0.66	0.19	0.18	-0.08	0.75	0.79	-0.35	0.15	0.87	0.75	0.47	0.56	0.8	0.76
Total Stockholder Equity	0.93	0.48	0.67	0.78		0.72	0.84	0.31	0.83	0.84	0.18	0.88	0.46	0.13	0.31	0.18	0.84	0.93	-0.58	0.28	0.88	0.76	0.58	0.37	0.74	0.96
Other Liab	0.67	0.47	0.64	0.41	0.72		0.71	0.28	0.65	0.48	0.22	0.61	0.13	-0.11	0.4	0.22	0.69	0.64	-0.33	0.35	0.6	0.52	0.12	0.09	0.41	0.78
Property Plant And Equipment Net	0.9	0.72	0.75	0.62	0.84	0.71		0.65	0.79	0.78	-0.17	0.89	0.57	0.31	0.59	-0.17	0.91	0.93	-0.26	0.56	0.9	0.74	0.61	0.5	0.74	0.8
Net Debt	0.62	0.92	0.35	0.35	0.31	0.28	0.65		0.34	0.41	-0.66	0.7	0.55	0.56	0.9	-0.66	0.67	0.63	-0.03	0.88	0.57	0.22	0.63	0.74	0.41	0.27
Retained Earnings	0.79	0.46	0.77	0.72	0.83	0.65	0.79	0.34		0.75	0.08	0.73	0.71	0.19	0.3	0.08	0.78	0.81	-0.35	0.26	0.82	0.8	0.42	0.36	0.93	0.85
Accounts Payable	0.85	0.52	0.65	0.81	0.84	0.48	0.78	0.41	0.75		0.01	0.82	0.56	0.2	0.37	0.01	0.85	0.87	-0.38	0.35	0.88	0.78	0.55	0.6	0.83	0.83
Cash	-0.04	-0.32	-0.05	-0.08	0.18	0.22	-0.17	-0.66	0.08	0.01		-0.13	-0.34	-0.53	-0.32	1.0	-0.17	-0.11	-0.41	-0.31	-0.13	-0.06	-0.46	-0.29	-0.11	0.28
Non Current Assets Total	0.98	0.81	0.59	0.73	0.88	0.61	0.89	0.7	0.73	0.82	-0.13		0.59	0.35	0.67	-0.13	0.9	0.98	-0.52	0.67	0.91	0.61	0.73	0.65	0.72	0.82
Non Currrent Assets Other	0.57	0.51	0.47	0.66	0.46	0.13	0.57	0.55	0.71	0.56	-0.34	0.59		0.44	0.34	-0.34	0.53	0.62	-0.14	0.33	0.66	0.47	0.46	0.59	0.82	0.4
Other Assets	0.37	0.44	0.11	0.19	0.13	-0.11	0.31	0.56	0.19	0.2	-0.53	0.35	0.44		0.39	-0.53	0.33	0.31	0.01	0.4	0.31	0.1	0.62	0.57	0.32	0.1
Long Term Debt	0.6	0.96	0.27	0.18	0.31	0.4	0.59	0.9	0.3	0.37	-0.32	0.67	0.34	0.39		-0.32	0.63	0.57	-0.16	0.99	0.48	0.09	0.44	0.7	0.29	0.32
Cash And Short Term Investments	-0.04	-0.32	-0.05	-0.08	0.18	0.22	-0.17	-0.66	0.08	0.01	1.0	-0.13	-0.34	-0.53	-0.32		-0.17	-0.11	-0.41	-0.31	-0.13	-0.06	-0.46	-0.29	-0.11	0.28
Net Receivables	0.93	0.76	0.77	0.75	0.84	0.69	0.91	0.67	0.78	0.85	-0.17	0.9	0.53	0.33	0.63	-0.17		0.93	-0.31	0.58	0.92	0.72	0.61	0.67	0.76	0.87
Good Will	0.98	0.73	0.7	0.79	0.93	0.64	0.93	0.63	0.81	0.87	-0.11	0.98	0.62	0.31	0.57	-0.11	0.93		-0.44	0.55	0.96	0.73	0.69	0.59	0.79	0.87
Common Stock Shares Outstanding	-0.53	-0.25	0.06	-0.35	-0.58	-0.33	-0.26	-0.03	-0.35	-0.38	-0.41	-0.52	-0.14	0.01	-0.16	-0.41	-0.31	-0.44		-0.22	-0.29	-0.09	-0.4	-0.19	-0.26	-0.52
Non Current Liabilities Total	0.58	0.95	0.19	0.15	0.28	0.35	0.56	0.88	0.26	0.35	-0.31	0.67	0.33	0.4	0.99	-0.31	0.58	0.55	-0.22		0.44	0.04	0.46	0.7	0.26	0.28
Inventory	0.93	0.66	0.83	0.87	0.88	0.6	0.9	0.57	0.82	0.88	-0.13	0.91	0.66	0.31	0.48	-0.13	0.92	0.96	-0.29	0.44		0.82	0.58	0.62	0.85	0.86
Other Current Assets	0.67	0.24	0.87	0.75	0.76	0.52	0.74	0.22	0.8	0.78	-0.06	0.61	0.47	0.1	0.09	-0.06	0.72	0.73	-0.09	0.04	0.82		0.42	0.24	0.83	0.75
Other Stockholder Equity	0.7	0.55	0.22	0.47	0.58	0.12	0.61	0.63	0.42	0.55	-0.46	0.73	0.46	0.62	0.44	-0.46	0.61	0.69	-0.4	0.46	0.58	0.42		0.5	0.51	0.43
Total Liab	0.63	0.78	0.36	0.56	0.37	0.09	0.5	0.74	0.36	0.6	-0.29	0.65	0.59	0.57	0.7	-0.29	0.67	0.59	-0.19	0.7	0.62	0.24	0.5		0.51	0.41
Property Plant And Equipment Gross	0.76	0.46	0.75	0.8	0.74	0.41	0.74	0.41	0.93	0.83	-0.11	0.72	0.82	0.32	0.29	-0.11	0.76	0.79	-0.26	0.26	0.85	0.83	0.51	0.51		0.74
Total Current Assets	0.9	0.48	0.74	0.76	0.96	0.78	0.8	0.27	0.85	0.83	0.28	0.82	0.4	0.1	0.32	0.28	0.87	0.87	-0.52	0.28	0.86	0.75	0.43	0.41	0.74

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Thermon Group Account Relationship Matchups

Thermon Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	620.9M	617.9M	636.7M	649.6M	767.7M	555.8M
Short Long Term Debt Total	190.7M	161.4M	141.6M	128.3M	187.6M	159.7M
Other Current Liab	24.6M	23.5M	27.9M	46.2M	34.3M	24.4M
Total Current Liabilities	60.6M	52.4M	81.0M	110.1M	109.3M	69.3M
Total Stockholder Equity	346.4M	379.2M	399.2M	419.0M	474.9M	308.1M
Other Liab	35.4M	29.2M	30.9M	26.4M	30.3M	21.2M
Property Plant And Equipment Net	89.2M	85.2M	76.6M	76.9M	81.9M	57.5M
Net Debt	147.4M	121.3M	100.2M	92.6M	137.2M	109.5M
Retained Earnings	182.6M	183.7M	203.5M	237.2M	288.8M	303.2M
Accounts Payable	25.1M	19.7M	33.6M	27.3M	31.4M	22.5M
Cash	43.2M	40.1M	41.4M	35.6M	50.4M	50.2M
Non Current Assets Total	403.0M	411.1M	392.2M	398.7M	493.1M	350.4M
Non Currrent Assets Other	8.0M	6.4M	6.8M	7.5M	12.2M	12.9M
Other Assets	11.3M	9.0M	8.0M	8.2M	9.5M	10.0M
Long Term Debt	169.1M	143.0M	120.4M	87.7M	152.0M	141.6M
Cash And Short Term Investments	43.2M	40.1M	41.4M	35.6M	50.4M	50.2M
Net Receivables	105.2M	94.1M	119.6M	117.0M	125.6M	90.6M
Good Will	198.0M	213.0M	212.8M	219.6M	270.8M	166.9M
Common Stock Shares Outstanding	33.1M	33.3M	33.5M	33.7M	34.1M	29.2M
Liabilities And Stockholders Equity	620.9M	617.9M	636.7M	649.6M	767.7M	555.8M
Non Current Liabilities Total	213.8M	186.3M	156.5M	120.6M	183.6M	183.4M
Inventory	60.3M	63.8M	71.7M	82.1M	86.3M	54.8M
Other Current Assets	9.2M	8.8M	11.8M	16.1M	12.2M	9.3M
Other Stockholder Equity	227.7M	231.3M	234.5M	239.9M	243.3M	185.5M
Total Liab	274.5M	148.5M	237.5M	230.6M	292.9M	230.4M
Property Plant And Equipment Gross	89.2M	85.2M	140.5M	144.3M	155.4M	163.1M
Total Current Assets	217.9M	206.8M	244.4M	250.9M	274.6M	209.4M
Accumulated Other Comprehensive Income	(63.9M)	(35.9M)	(38.9M)	(58.1M)	(57.2M)	(54.4M)
Intangible Assets	104.5M	103.8M	94.9M	94.0M	127.1M	118.9M
Property Plant Equipment	72.5M	85.2M	76.6M	63.3M	72.8M	53.1M
Current Deferred Revenue	4.9M	3.2M	8.0M	8.5M	20.5M	21.6M
Short Term Debt	6.1M	6.0M	11.6M	28.1M	23.0M	12.6M
Net Tangible Assets	43.9M	62.3M	91.5M	105.4M	121.2M	127.3M
Retained Earnings Total Equity	182.6M	183.7M	203.5M	237.2M	272.8M	286.4M
Long Term Debt Total	169.1M	143.0M	120.4M	87.7M	100.9M	138.6M
Capital Surpluse	227.7M	231.3M	234.5M	239.9M	275.8M	241.3M

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Thermon Accounts Payable vs Long Term Debt Analysis

Accounts Payable vs Long Term Debt

Accounts Payable vs Long Term Debt Correlation Analysis

Correlation Coefficient

Accounts Payable

Long Term Debt

Thermon Group fundamental ratios Correlations

Thermon Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thermon Group fundamental ratios Accounts

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Additional Tools for Thermon Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Long Term Debt
Non Current Assets Total	+ 0.98	Total Assets
Good Will	+ 0.98	Total Assets
Good Will	+ 0.98	Non Current Assets Total
Long Term Debt	+ 0.96	Short Long Term Debt Total

Cash And Short Term Investments	- 0.66	Net Debt
Cash	- 0.66	Net Debt
Common Stock Shares Outstanding	- 0.58	Total Stockholder Equity
Cash And Short Term Investments	- 0.53	Other Assets
Other Assets	- 0.53	Cash
Common Stock Shares Outstanding	- 0.53	Total Assets