| THERMAX Stock | | | 4,905 108.95 2.27% |
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 Operating Expenses and its Interest Expense 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 Operating Expenses vs Interest Expense
Other Operating Expenses vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thermax Limited Other Operating Expenses account and
Interest Expense. At this time, the significance of the direction appears to have weak relationship.
The correlation between Thermax's Other Operating Expenses and Interest Expense is 0.36. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Interest Expense 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 Operating Expenses and Interest Expense 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 Operating Expenses of Thermax Limited are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Other Operating Expenses i.e., Thermax's Other Operating Expenses and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Thermax Limited. It is also known as Thermax overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
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.
Selling General Administrative is likely to drop to about 1.5
B in 2024.
Tax Provision is likely to drop to about 1.5
B in 2024
Thermax fundamental ratios Correlations
Click cells to compare fundamentals
Thermax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thermax fundamental ratios Accounts
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Additional Tools for Thermax Stock Analysis
When running Thermax's price analysis, check to
measure Thermax'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 Thermax is operating at the current time. Most of Thermax's value examination focuses on studying past and present price action to
predict the probability of Thermax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermax's price. Additionally, you may evaluate how the addition of Thermax to your portfolios can decrease your overall portfolio volatility.