Thermon Capital Surpluse vs Accounts Payable Analysis

THR Stock

USD 33.76 1.08 3.10%

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 Capital Surpluse and its Accounts Payable 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

Capital Surpluse vs Accounts Payable

Capital Surpluse vs Accounts Payable Correlation Analysis

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

The correlation between Thermon Group's Capital Surpluse and Accounts Payable is 0.8. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Accounts Payable 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 Capital Surpluse 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 Capital Surpluse of Thermon Group Holdings 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 Capital Surpluse i.e., Thermon Group's Capital Surpluse and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Capital Surpluse

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.

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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

As of 06/01/2024, Selling General Administrative is likely to drop to about 91.4 M. 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	26.3M	13.6M

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		0.67	0.62	0.77	0.93	0.67	0.9	0.59	0.79	0.85	-0.05	0.98	0.57	0.37	0.6	-0.09	0.9	0.98	-0.53	0.58	0.93	0.69	0.72	0.63	0.76	0.9
Short Long Term Debt Total	0.67		0.31	0.28	0.39	0.45	0.68	0.92	0.37	0.43	-0.35	0.74	0.41	0.43	0.96	-0.35	0.73	0.64	-0.26	0.97	0.56	0.17	0.51	0.72	0.37	0.4
Other Current Liab	0.62	0.31		0.71	0.61	0.48	0.62	0.31	0.91	0.62	-0.01	0.57	0.73	0.18	0.29	-0.05	0.61	0.65	-0.08	0.23	0.75	0.79	0.26	0.42	0.9	0.67
Total Current Liabilities	0.77	0.28	0.71		0.78	0.41	0.62	0.32	0.72	0.81	-0.09	0.73	0.66	0.19	0.18	-0.14	0.69	0.79	-0.35	0.15	0.87	0.79	0.52	0.56	0.8	0.76
Total Stockholder Equity	0.93	0.39	0.61	0.78		0.72	0.84	0.29	0.83	0.84	0.17	0.88	0.46	0.13	0.31	0.13	0.81	0.93	-0.58	0.28	0.88	0.78	0.6	0.37	0.74	0.96
Other Liab	0.67	0.45	0.48	0.41	0.72		0.71	0.28	0.65	0.48	0.22	0.61	0.13	-0.11	0.4	0.2	0.7	0.64	-0.33	0.35	0.6	0.51	0.13	0.09	0.41	0.78
Property Plant And Equipment Net	0.9	0.68	0.62	0.62	0.84	0.71		0.63	0.79	0.78	-0.18	0.89	0.57	0.31	0.59	-0.21	0.9	0.93	-0.27	0.56	0.9	0.74	0.62	0.5	0.74	0.8
Net Debt	0.59	0.92	0.31	0.32	0.29	0.28	0.63		0.31	0.38	-0.67	0.68	0.52	0.56	0.9	-0.68	0.66	0.6	-0.03	0.89	0.55	0.21	0.62	0.73	0.39	0.25
Retained Earnings	0.79	0.37	0.91	0.72	0.83	0.65	0.79	0.31		0.75	0.07	0.73	0.71	0.19	0.3	0.03	0.74	0.81	-0.36	0.26	0.82	0.82	0.44	0.36	0.93	0.85
Accounts Payable	0.85	0.43	0.62	0.81	0.84	0.48	0.78	0.38	0.75		0.0	0.82	0.56	0.2	0.37	-0.04	0.81	0.87	-0.39	0.35	0.88	0.8	0.58	0.6	0.83	0.83
Cash	-0.05	-0.35	-0.01	-0.09	0.17	0.22	-0.18	-0.67	0.07	0.0		-0.14	-0.35	-0.53	-0.32	1.0	-0.19	-0.12	-0.41	-0.31	-0.14	-0.06	-0.46	-0.3	-0.12	0.27
Non Current Assets Total	0.98	0.74	0.57	0.73	0.88	0.61	0.89	0.68	0.73	0.82	-0.14		0.59	0.35	0.67	-0.18	0.87	0.98	-0.53	0.67	0.91	0.64	0.75	0.65	0.72	0.82
Non Currrent Assets Other	0.57	0.41	0.73	0.66	0.46	0.13	0.57	0.52	0.71	0.56	-0.35	0.59		0.44	0.34	-0.4	0.47	0.62	-0.15	0.33	0.66	0.51	0.49	0.59	0.82	0.4
Other Assets	0.37	0.43	0.18	0.19	0.13	-0.11	0.31	0.56	0.19	0.2	-0.53	0.35	0.44		0.39	-0.54	0.32	0.31	0.01	0.4	0.31	0.11	0.61	0.57	0.32	0.1
Long Term Debt	0.6	0.96	0.29	0.18	0.31	0.4	0.59	0.9	0.3	0.37	-0.32	0.67	0.34	0.39		-0.34	0.63	0.57	-0.16	0.99	0.48	0.1	0.45	0.7	0.29	0.32
Cash And Short Term Investments	-0.09	-0.35	-0.05	-0.14	0.13	0.2	-0.21	-0.68	0.03	-0.04	1.0	-0.18	-0.4	-0.54	-0.34		-0.2	-0.16	-0.41	-0.32	-0.18	-0.1	-0.48	-0.33	-0.16	0.23
Net Receivables	0.9	0.73	0.61	0.69	0.81	0.7	0.9	0.66	0.74	0.81	-0.19	0.87	0.47	0.32	0.63	-0.2		0.89	-0.33	0.59	0.89	0.69	0.6	0.64	0.72	0.84
Good Will	0.98	0.64	0.65	0.79	0.93	0.64	0.93	0.6	0.81	0.87	-0.12	0.98	0.62	0.31	0.57	-0.16	0.89		-0.44	0.55	0.96	0.76	0.72	0.59	0.79	0.87
Common Stock Shares Outstanding	-0.53	-0.26	-0.08	-0.35	-0.58	-0.33	-0.27	-0.03	-0.36	-0.39	-0.41	-0.53	-0.15	0.01	-0.16	-0.41	-0.33	-0.44		-0.22	-0.3	-0.1	-0.39	-0.19	-0.26	-0.53
Non Current Liabilities Total	0.58	0.97	0.23	0.15	0.28	0.35	0.56	0.89	0.26	0.35	-0.31	0.67	0.33	0.4	0.99	-0.32	0.59	0.55	-0.22		0.44	0.05	0.46	0.7	0.26	0.28
Inventory	0.93	0.56	0.75	0.87	0.88	0.6	0.9	0.55	0.82	0.88	-0.14	0.91	0.66	0.31	0.48	-0.18	0.89	0.96	-0.3	0.44		0.84	0.61	0.62	0.85	0.86
Other Current Assets	0.69	0.17	0.79	0.79	0.78	0.51	0.74	0.21	0.82	0.8	-0.06	0.64	0.51	0.11	0.1	-0.1	0.69	0.76	-0.1	0.05	0.84		0.45	0.28	0.84	0.76
Other Stockholder Equity	0.72	0.51	0.26	0.52	0.6	0.13	0.62	0.62	0.44	0.58	-0.46	0.75	0.49	0.61	0.45	-0.48	0.6	0.72	-0.39	0.46	0.61	0.45		0.52	0.53	0.46
Total Liab	0.63	0.72	0.42	0.56	0.37	0.09	0.5	0.73	0.36	0.6	-0.3	0.65	0.59	0.57	0.7	-0.33	0.64	0.59	-0.19	0.7	0.62	0.28	0.52		0.51	0.41
Property Plant And Equipment Gross	0.76	0.37	0.9	0.8	0.74	0.41	0.74	0.39	0.93	0.83	-0.12	0.72	0.82	0.32	0.29	-0.16	0.72	0.79	-0.26	0.26	0.85	0.84	0.53	0.51		0.74
Total Current Assets	0.9	0.4	0.67	0.76	0.96	0.78	0.8	0.25	0.85	0.83	0.27	0.82	0.4	0.1	0.32	0.23	0.84	0.87	-0.53	0.28	0.86	0.76	0.46	0.41	0.74

Click cells to compare fundamentals

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	147.5M	156.6M
Other Current Liab	24.6M	23.5M	27.9M	46.2M	53.1M	55.8M
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	123.0M	108.5M
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	48.6M	50.1M
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	41.0M	49.8M
Net Receivables	105.2M	94.1M	119.6M	117.0M	107.3M	89.3M
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	33.7M	29.2M
Liabilities And Stockholders Equity	620.9M	617.9M	636.7M	649.6M	747.1M	536.6M
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	14.0M	9.4M
Other Stockholder Equity	227.7M	231.3M	234.5M	239.9M	275.8M	180.0M
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)	(52.3M)	(49.7M)
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	7.6M	5.2M
Short Term Debt	6.1M	6.0M	11.6M	28.1M	25.3M	26.5M
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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When determining whether Thermon Group Holdings is a strong investment it is important to analyze Thermon Group'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 Thermon Group's future performance. For an informed investment choice regarding Thermon Stock, refer to the following important reports:

How To Invest In Thermon

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Is Thermon Stock a good investment?

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What is Thermon Group's Net Worth?

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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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

Note that the Thermon Group Holdings information on this page should be used as a complementary analysis to other Thermon Group'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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When running Thermon Group's price analysis, check to measure Thermon Group'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 Thermon Group is operating at the current time. Most of Thermon Group's value examination focuses on studying past and present price action to predict the probability of Thermon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermon Group's price. Additionally, you may evaluate how the addition of Thermon Group to your portfolios can decrease your overall portfolio volatility.

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Is Thermon Group'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 Thermon Group. If investors know Thermon 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 Thermon Group 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

0.268

Earnings Share

1.51

Revenue Per Share

14.69

Quarterly Revenue Growth

0.042

Return On Assets

0.0687

The market value of Thermon Group Holdings is measured differently than its book value, which is the value of Thermon that is recorded on the company's balance sheet. Investors also form their own opinion of Thermon Group's value that differs from its market value or its book value, called intrinsic value, which is Thermon Group'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 Thermon Group's market value can be influenced by many factors that don't directly affect Thermon Group'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 Thermon Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermon Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermon Group'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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Thermon Capital Surpluse vs Accounts Payable Analysis

Capital Surpluse vs Accounts Payable

Capital Surpluse vs Accounts Payable Correlation Analysis

Correlation Coefficient

Capital Surpluse

Accounts Payable

Thermon Group fundamental ratios Correlations

Thermon Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thermon Group fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

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
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total

Cash And Short Term Investments	- 0.68	Net Debt
Cash	- 0.67	Net Debt
Common Stock Shares Outstanding	- 0.58	Total Stockholder Equity
Cash And Short Term Investments	- 0.54	Other Assets
Total Current Assets	- 0.53	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.53	Non Current Assets Total