Thermon Total Liab vs Net Receivables 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 Total Liab and its Net Receivables 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.
Total Liab vs Net Receivables
Total Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermon Group Holdings Total Liab account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Thermon Group's Total Liab and Net Receivables is 0.64. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables 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 Total Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Thermon Group Holdings are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Liab i.e., Thermon Group's Total Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Net Receivables
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 |
Thermon Group fundamental ratios Correlations
Click cells to compare fundamentals
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 | 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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Thermon Stock analysis
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.
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |
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.