Thermax Sale Purchase Of Stock vs Change In Cash Analysis

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 Sale Purchase Of Stock and its Change In 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.

Sale Purchase Of Stock vs Change In Cash

Sale Purchase Of Stock vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermax Limited Sale Purchase Of Stock account and Change In Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Thermax's Sale Purchase Of Stock and Change In Cash is 0.04. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Change In 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 Sale Purchase Of Stock and Change In 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 Sale Purchase Of Stock of Thermax Limited are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Sale Purchase Of Stock i.e., Thermax's Sale Purchase Of Stock and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Sale Purchase Of Stock

Change In Cash

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
 2021 2022 2023 2024 (projected)
Interest Expense251.7M375.9M875.9M919.7M
Depreciation And Amortization1.1B1.2B1.4B857.3M

Thermax fundamental ratios Correlations

0.57-0.130.970.950.690.460.820.940.480.760.520.890.81-0.220.450.880.650.060.970.99-0.07-0.72-0.630.330.81
0.570.110.580.410.930.920.760.410.410.840.030.470.45-0.540.910.530.410.210.660.560.01-0.4-0.420.310.5
-0.130.11-0.11-0.320.04-0.13-0.25-0.110.57-0.16-0.64-0.22-0.010.350.34-0.10.19-0.310.01-0.090.59-0.130.42-0.22-0.41
0.970.58-0.110.880.680.440.790.940.520.720.510.840.88-0.220.410.850.570.180.980.980.06-0.75-0.550.350.75
0.950.41-0.320.880.60.340.810.920.320.730.650.890.68-0.30.290.870.64-0.020.850.93-0.25-0.65-0.740.270.85
0.690.930.040.680.60.810.90.590.450.940.120.550.58-0.650.850.640.540.060.720.68-0.04-0.59-0.610.40.56
0.460.92-0.130.440.340.810.70.270.020.770.060.350.32-0.550.820.420.310.30.520.41-0.29-0.2-0.360.420.47
0.820.76-0.250.790.810.90.70.770.320.970.490.740.61-0.720.630.760.580.080.770.8-0.21-0.69-0.770.350.78
0.940.41-0.110.940.920.590.270.770.480.710.570.820.8-0.240.310.880.6-0.010.90.940.0-0.76-0.650.210.73
0.480.410.570.520.320.450.020.320.480.32-0.050.460.470.020.420.420.35-0.130.560.530.68-0.55-0.21-0.170.22
0.760.84-0.160.720.730.940.770.970.710.320.360.650.54-0.740.720.760.550.090.730.72-0.17-0.59-0.740.320.7
0.520.03-0.640.510.650.120.060.490.57-0.050.360.740.24-0.3-0.170.560.170.040.40.53-0.35-0.29-0.61-0.160.81
0.890.47-0.220.840.890.550.350.740.820.460.650.740.57-0.230.330.830.54-0.030.830.89-0.14-0.56-0.670.010.95
0.810.45-0.010.880.680.580.320.610.80.470.540.240.57-0.120.280.60.360.30.850.830.24-0.77-0.30.550.43
-0.22-0.540.35-0.22-0.3-0.65-0.55-0.72-0.240.02-0.74-0.3-0.23-0.12-0.4-0.27-0.21-0.12-0.16-0.210.220.30.59-0.22-0.4
0.450.910.340.410.290.850.820.630.310.420.72-0.170.330.28-0.40.430.5-0.130.540.43-0.03-0.34-0.30.230.34
0.880.53-0.10.850.870.640.420.760.880.420.760.560.830.6-0.270.430.61-0.050.840.86-0.13-0.48-0.760.050.79
0.650.410.190.570.640.540.310.580.60.350.550.170.540.36-0.210.50.61-0.360.620.66-0.23-0.51-0.420.30.48
0.060.21-0.310.18-0.020.060.30.08-0.01-0.130.090.04-0.030.3-0.12-0.13-0.05-0.360.120.040.25-0.030.110.260.0
0.970.660.010.980.850.720.520.770.90.560.730.40.830.85-0.160.540.840.620.120.970.05-0.72-0.50.350.72
0.990.56-0.090.980.930.680.410.80.940.530.720.530.890.83-0.210.430.860.660.040.97-0.02-0.76-0.60.320.79
-0.070.010.590.06-0.25-0.04-0.29-0.210.00.68-0.17-0.35-0.140.240.22-0.03-0.13-0.230.250.05-0.02-0.280.36-0.2-0.36
-0.72-0.4-0.13-0.75-0.65-0.59-0.2-0.69-0.76-0.55-0.59-0.29-0.56-0.770.3-0.34-0.48-0.51-0.03-0.72-0.76-0.280.31-0.38-0.42
-0.63-0.420.42-0.55-0.74-0.61-0.36-0.77-0.65-0.21-0.74-0.61-0.67-0.30.59-0.3-0.76-0.420.11-0.5-0.60.360.310.05-0.74
0.330.31-0.220.350.270.40.420.350.21-0.170.32-0.160.010.55-0.220.230.050.30.260.350.32-0.2-0.380.050.03
0.810.5-0.410.750.850.560.470.780.730.220.70.810.950.43-0.40.340.790.480.00.720.79-0.36-0.42-0.740.03
Click cells to compare fundamentals

Thermax Account Relationship Matchups

Thermax fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.6B65.1B74.6B88.4B101.5B55.1B
Short Long Term Debt Total2.4B3.4B3.8B8.3B13.0B13.6B
Other Current Liab3.4B3.3B3.6B4.4B5.7B5.9B
Total Current Liabilities27.9B30.7B37.6B44.1B47.3B28.9B
Total Stockholder Equity30.3B32.5B34.9B38.7B44.4B23.1B
Property Plant And Equipment Net12.8B12.3B12.0B16.5B25.0B26.2B
Net Debt(95.4M)(1.2B)846.6M3.8B8.1B8.5B
Retained Earnings23.3B25.4B27.8B31.4B37.1B39.0B
Accounts Payable9.6B11.4B14.6B15.0B15.3B10.0B
Cash2.5B4.6B2.9B4.5B4.9B3.7B
Non Current Assets Total19.8B20.4B27.2B27.6B37.0B38.9B
Non Currrent Assets Other14.3B20.3B24.3B32.7B7.8B9.8B
Cash And Short Term Investments13.0B20.8B17.4B30.5B23.7B11.9B
Net Receivables18.3B15.5B18.3B22.7B26.3B16.7B
Liabilities And Stockholders Equity59.6B65.1B74.6B88.4B101.5B55.1B
Non Current Liabilities Total1.4B1.8B2.1B5.6B9.9B10.4B
Inventory4.5B4.0B7.3B7.6B7.6B4.6B
Other Current Assets4.9B4.6B4.6B5.3B7.2B4.5B
Total Liab29.3B32.6B39.7B49.7B57.1B31.7B
Total Current Assets39.8B44.7B47.4B60.8B64.5B37.0B
Accumulated Other Comprehensive Income(7.1B)6.3B6.3B6.5B6.5B6.8B
Intangible Assets236.5M320.2M375.2M291.9M340.4M419.8M
Good Will1.2B330.7M353.1M30.3M27.3M25.9M
Current Deferred Revenue16.3B3.3B3.4B3.7B21.0B13.3B
Short Term Investments10.4B16.2B14.4B26.0B18.8B12.5B
Short Term Debt2.0B3.1B3.1B3.9B4.7B2.9B
Other Liab967.7M980.8M1.6B1.4B1.3B1.0B
Net Tangible Assets29.7B32.2B34.5B38.4B44.1B30.2B
Other Assets5.4B6.0B6.9B1.7B2.0B1.9B
Long Term Debt333.9M221.6M614.2M4.2B7.9B8.3B
Short Long Term Debt2.0B2.8B2.9B3.9B4.7B3.0B
Property Plant Equipment12.8B12.3B12.0B16.5B19.0B13.0B
Long Term Debt Total430.7M287.7M695.5M4.4B5.0B5.3B
Capital Lease Obligations142.1M211.4M122.9M199.9M214.8M132.8M
Cash And Equivalents953.9M1.7B1.1B1.5B1.8B971.8M
Net Invested Capital32.6B35.6B38.5B46.8B57.0B42.8B

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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.