Thermax Other Current Liab vs Cash Analysis

THERMAX Stock

3,964 66.00 1.64%

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

Other Current Liab vs Cash

Other Current Liab vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermax Limited Other Current Liab account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Thermax's Other Current Liab and Cash is 0.52. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Thermax Limited, assuming nothing else is changed. The correlation between historical values of Thermax's Other Current Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Thermax Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Liab i.e., Thermax's Other Current Liab and Cash go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Other Current Liab

Cash

Cash refers to the most liquid asset of Thermax Limited, which is listed under current asset account on Thermax Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Thermax customers. The amounts must be unrestricted with restricted cash listed in a different Thermax account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

Issuance Of Capital Stock is likely to rise to about 120.8 K in 2025, whereas Selling General Administrative is likely to drop slightly above 1.5 B in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	375.9M	875.9M	1.0B	1.1B
Depreciation And Amortization	1.2B	1.4B	1.6B	857.3M

Interest Expense Depreciation And Amortization

Thermax fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Good Will	Current Deferred Revenue	Short Term Investments
Total Assets		0.89	-0.12	0.79	0.97	0.96	0.8	0.99	0.77	0.5	0.98	0.28	0.92	0.66	-0.81	0.8	0.78	0.64	0.11	0.99	0.99	-0.1	-0.61	-0.74	0.45	0.74
Short Long Term Debt Total	0.89		0.06	0.65	0.79	0.95	0.94	0.84	0.52	0.48	0.9	-0.03	0.77	0.55	-0.69	0.94	0.63	0.51	0.23	0.93	0.87	-0.02	-0.37	-0.5	0.44	0.57
Other Current Liab	-0.12	0.06		-0.12	-0.26	0.0	-0.13	-0.23	-0.12	0.52	-0.16	-0.63	-0.21	-0.03	0.34	0.26	-0.11	0.15	-0.31	-0.02	-0.1	0.59	-0.12	0.41	-0.22	-0.39
Total Current Liabilities	0.79	0.65	-0.12		0.75	0.71	0.56	0.78	0.95	0.6	0.74	0.38	0.76	0.91	-0.4	0.53	0.89	0.66	0.22	0.8	0.82	0.02	-0.68	-0.6	0.5	0.79
Total Stockholder Equity	0.97	0.79	-0.26	0.75		0.9	0.73	0.99	0.77	0.4	0.97	0.39	0.92	0.59	-0.85	0.7	0.78	0.64	0.05	0.92	0.96	-0.22	-0.58	-0.83	0.41	0.79
Property Plant And Equipment Net	0.96	0.95	0.0	0.71	0.9		0.87	0.93	0.64	0.51	0.96	0.04	0.82	0.63	-0.78	0.9	0.69	0.59	0.11	0.97	0.94	-0.06	-0.52	-0.64	0.5	0.61
Net Debt	0.8	0.94	-0.13	0.56	0.73	0.87		0.79	0.42	0.18	0.84	0.0	0.67	0.46	-0.68	0.87	0.55	0.43	0.31	0.83	0.76	-0.27	-0.21	-0.45	0.53	0.56
Retained Earnings	0.99	0.84	-0.23	0.78	0.99	0.93	0.79		0.77	0.4	0.98	0.35	0.92	0.64	-0.83	0.75	0.77	0.62	0.13	0.95	0.98	-0.2	-0.62	-0.78	0.46	0.78
Accounts Payable	0.77	0.52	-0.12	0.95	0.77	0.64	0.42	0.77		0.56	0.72	0.45	0.74	0.85	-0.4	0.45	0.91	0.68	0.05	0.74	0.79	-0.03	-0.7	-0.68	0.38	0.78
Cash	0.5	0.48	0.52	0.6	0.4	0.51	0.18	0.4	0.56		0.41	-0.08	0.5	0.55	-0.13	0.49	0.52	0.44	-0.08	0.55	0.54	0.62	-0.55	-0.29	0.0	0.33
Non Current Assets Total	0.98	0.9	-0.16	0.74	0.97	0.96	0.84	0.98	0.72	0.41		0.23	0.88	0.6	-0.84	0.82	0.77	0.6	0.14	0.96	0.96	-0.16	-0.52	-0.74	0.45	0.71
Non Currrent Assets Other	0.28	-0.03	-0.63	0.38	0.39	0.04	0.0	0.35	0.45	-0.08	0.23		0.54	0.17	-0.23	-0.19	0.42	0.12	0.03	0.19	0.31	-0.35	-0.28	-0.56	-0.18	0.7
Cash And Short Term Investments	0.92	0.77	-0.21	0.76	0.92	0.82	0.67	0.92	0.74	0.5	0.88	0.54		0.54	-0.72	0.67	0.78	0.58	0.03	0.88	0.93	-0.15	-0.55	-0.79	0.2	0.9
Net Receivables	0.66	0.55	-0.03	0.91	0.59	0.63	0.46	0.64	0.85	0.55	0.6	0.17	0.54		-0.31	0.42	0.7	0.48	0.32	0.69	0.69	0.18	-0.72	-0.39	0.64	0.54
Common Stock Shares Outstanding	-0.81	-0.69	0.34	-0.4	-0.85	-0.78	-0.68	-0.83	-0.4	-0.13	-0.84	-0.23	-0.72	-0.31		-0.58	-0.44	-0.35	-0.17	-0.76	-0.78	0.22	0.32	0.63	-0.37	-0.5
Non Current Liabilities Total	0.8	0.94	0.26	0.53	0.7	0.9	0.87	0.75	0.45	0.49	0.82	-0.19	0.67	0.42	-0.58		0.56	0.57	-0.04	0.85	0.78	-0.05	-0.33	-0.4	0.38	0.46
Inventory	0.78	0.63	-0.11	0.89	0.78	0.69	0.55	0.77	0.91	0.52	0.77	0.42	0.78	0.7	-0.44	0.56		0.69	0.02	0.76	0.78	-0.14	-0.45	-0.77	0.27	0.83
Other Current Assets	0.64	0.51	0.15	0.66	0.64	0.59	0.43	0.62	0.68	0.44	0.6	0.12	0.58	0.48	-0.35	0.57	0.69		-0.27	0.61	0.65	-0.23	-0.5	-0.48	0.42	0.57
Other Stockholder Equity	0.11	0.23	-0.31	0.22	0.05	0.11	0.31	0.13	0.05	-0.08	0.14	0.03	0.03	0.32	-0.17	-0.04	0.02	-0.27		0.14	0.09	0.24	-0.04	0.07	0.29	0.05
Total Liab	0.99	0.93	-0.02	0.8	0.92	0.97	0.83	0.95	0.74	0.55	0.96	0.19	0.88	0.69	-0.76	0.85	0.76	0.61	0.14		0.99	-0.01	-0.61	-0.65	0.46	0.69
Total Current Assets	0.99	0.87	-0.1	0.82	0.96	0.94	0.76	0.98	0.79	0.54	0.96	0.31	0.93	0.69	-0.78	0.78	0.78	0.65	0.09	0.99		-0.06	-0.66	-0.73	0.44	0.75
Intangible Assets	-0.1	-0.02	0.59	0.02	-0.22	-0.06	-0.27	-0.2	-0.03	0.62	-0.16	-0.35	-0.15	0.18	0.22	-0.05	-0.14	-0.23	0.24	-0.01	-0.06		-0.27	0.36	-0.2	-0.35
Common Stock	-0.61	-0.37	-0.12	-0.68	-0.58	-0.52	-0.21	-0.62	-0.7	-0.55	-0.52	-0.28	-0.55	-0.72	0.32	-0.33	-0.45	-0.5	-0.04	-0.61	-0.66	-0.27		0.31	-0.37	-0.41
Good Will	-0.74	-0.5	0.41	-0.6	-0.83	-0.64	-0.45	-0.78	-0.68	-0.29	-0.74	-0.56	-0.79	-0.39	0.63	-0.4	-0.77	-0.48	0.07	-0.65	-0.73	0.36	0.31		-0.08	-0.76
Current Deferred Revenue	0.45	0.44	-0.22	0.5	0.41	0.5	0.53	0.46	0.38	0.0	0.45	-0.18	0.2	0.64	-0.37	0.38	0.27	0.42	0.29	0.46	0.44	-0.2	-0.37	-0.08		0.2
Short Term Investments	0.74	0.57	-0.39	0.79	0.79	0.61	0.56	0.78	0.78	0.33	0.71	0.7	0.9	0.54	-0.5	0.46	0.83	0.57	0.05	0.69	0.75	-0.35	-0.41	-0.76	0.2

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Thermax Account Relationship Matchups

Thermax fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	65.1B	74.6B	88.4B	101.5B	116.8B	122.6B
Short Long Term Debt Total	3.4B	3.8B	8.3B	13.0B	14.9B	15.6B
Other Current Liab	3.3B	3.6B	4.4B	5.7B	5.2B	5.9B
Total Current Liabilities	30.7B	37.6B	44.1B	47.3B	54.3B	28.9B
Total Stockholder Equity	32.5B	34.9B	38.7B	44.4B	51.1B	53.6B
Property Plant And Equipment Net	12.3B	12.0B	16.5B	25.0B	28.7B	30.2B
Net Debt	(1.2B)	846.6M	3.8B	8.1B	9.3B	9.8B
Retained Earnings	25.4B	27.8B	31.4B	37.1B	42.7B	44.8B
Accounts Payable	11.4B	14.6B	15.0B	15.3B	17.6B	10.0B
Cash	4.6B	2.9B	4.5B	4.9B	5.6B	3.7B
Non Current Assets Total	20.4B	27.2B	27.6B	37.0B	42.6B	44.7B
Non Currrent Assets Other	20.3B	24.3B	32.7B	7.8B	9.0B	9.8B
Cash And Short Term Investments	20.8B	17.4B	30.5B	23.7B	27.2B	28.6B
Net Receivables	15.5B	18.3B	22.7B	26.3B	30.2B	16.7B
Liabilities And Stockholders Equity	65.1B	74.6B	88.4B	101.5B	116.8B	122.6B
Non Current Liabilities Total	1.8B	2.1B	5.6B	9.9B	11.4B	11.9B
Inventory	4.0B	7.3B	7.6B	7.6B	8.8B	4.6B
Other Current Assets	4.6B	4.6B	5.3B	7.2B	8.3B	4.5B
Total Liab	32.6B	39.7B	49.7B	57.1B	65.7B	69.0B
Total Current Assets	44.7B	47.4B	60.8B	64.5B	74.2B	77.9B
Accumulated Other Comprehensive Income	6.3B	6.3B	6.5B	6.5B	7.5B	7.8B
Intangible Assets	320.2M	375.2M	291.9M	340.4M	391.5M	419.8M
Current Deferred Revenue	3.3B	3.4B	3.7B	21.0B	24.2B	13.3B
Short Term Investments	16.2B	14.4B	26.0B	18.8B	21.6B	12.5B
Short Term Debt	3.1B	3.1B	3.9B	4.7B	5.5B	2.9B
Other Liab	967.7M	980.8M	1.6B	1.4B	1.3B	1.0B
Net Tangible Assets	29.7B	32.2B	34.5B	38.4B	44.1B	30.2B
Other Assets	5.4B	6.0B	6.9B	1.7B	2.0B	1.9B
Long Term Debt	221.6M	614.2M	4.2B	7.9B	9.1B	9.5B
Short Long Term Debt	2.8B	2.9B	3.9B	4.7B	5.4B	3.0B
Property Plant Equipment	12.8B	12.3B	12.0B	16.5B	19.0B	13.0B
Long Term Debt Total	430.7M	287.7M	695.5M	4.4B	5.0B	5.3B
Capital Lease Obligations	211.4M	122.9M	199.9M	214.8M	247.0M	132.8M
Cash And Equivalents	953.9M	1.7B	1.1B	1.5B	1.8B	971.8M
Net Invested Capital	35.6B	38.5B	46.8B	57.0B	65.5B	42.8B

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Thermax Other Current Liab vs Cash Analysis

Other Current Liab vs Cash

Other Current Liab vs Cash Correlation Analysis

Correlation Coefficient

Other Current Liab

Cash

Thermax fundamental ratios Correlations

Thermax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thermax fundamental ratios Accounts

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Additional Tools for Thermax Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Liab
Non Current Assets Total	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.85	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.84	Non Current Assets Total
Common Stock Shares Outstanding	- 0.83	Retained Earnings
Good Will	- 0.83	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.81	Total Assets
Good Will	- 0.79	Cash And Short Term Investments