Thermon Property Plant Equipment vs Total Current Assets 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 Property Plant Equipment and its Total Current Assets 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.
Property Plant Equipment vs Total Current Assets
Property Plant Equipment vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermon Group Holdings Property Plant Equipment account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Thermon Group's Property Plant Equipment and Total Current Assets is 0.78. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Current Assets 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 Property Plant Equipment and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Thermon Group Holdings are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant Equipment i.e., Thermon Group's Property Plant Equipment and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant Equipment
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.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 |
Thermon Group fundamental ratios Correlations
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Thermon Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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