Thermax Total Current Liabilities vs Non Currrent Assets Other 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 Total Current Liabilities and its Non Currrent Assets Other 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.

Total Current Liabilities vs Non Currrent Assets Other

Total Current Liabilities vs Non Currrent Assets Other Correlation Analysis

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

The correlation between Thermax's Total Current Liabilities and Non Currrent Assets Other is 0.51. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Currrent Assets Other 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 Total Current Liabilities and Non Currrent Assets Other 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 Current Liabilities of Thermax Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Current Liabilities i.e., Thermax's Total Current Liabilities and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Thermax balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Thermax Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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 Expense	251.7M	375.9M	875.9M	919.7M
Depreciation And Amortization	1.1B	1.2B	1.4B	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		0.57	-0.13	0.97	0.95	0.69	0.46	0.82	0.94	0.48	0.76	0.52	0.89	0.81	-0.22	0.45	0.88	0.65	0.06	0.97	0.99	-0.07	-0.72	-0.63	0.33	0.81
Short Long Term Debt Total	0.57		0.11	0.58	0.41	0.93	0.92	0.76	0.41	0.41	0.84	0.03	0.47	0.45	-0.54	0.91	0.53	0.41	0.21	0.66	0.56	0.01	-0.4	-0.42	0.31	0.5
Other Current Liab	-0.13	0.11		-0.11	-0.32	0.04	-0.13	-0.25	-0.11	0.57	-0.16	-0.64	-0.22	-0.01	0.35	0.34	-0.1	0.19	-0.31	0.01	-0.09	0.59	-0.13	0.42	-0.22	-0.41
Total Current Liabilities	0.97	0.58	-0.11		0.88	0.68	0.44	0.79	0.94	0.52	0.72	0.51	0.84	0.88	-0.22	0.41	0.85	0.57	0.18	0.98	0.98	0.06	-0.75	-0.55	0.35	0.75
Total Stockholder Equity	0.95	0.41	-0.32	0.88		0.6	0.34	0.81	0.92	0.32	0.73	0.65	0.89	0.68	-0.3	0.29	0.87	0.64	-0.02	0.85	0.93	-0.25	-0.65	-0.74	0.27	0.85
Property Plant And Equipment Net	0.69	0.93	0.04	0.68	0.6		0.81	0.9	0.59	0.45	0.94	0.12	0.55	0.58	-0.65	0.85	0.64	0.54	0.06	0.72	0.68	-0.04	-0.59	-0.61	0.4	0.56
Net Debt	0.46	0.92	-0.13	0.44	0.34	0.81		0.7	0.27	0.02	0.77	0.06	0.35	0.32	-0.55	0.82	0.42	0.31	0.3	0.52	0.41	-0.29	-0.2	-0.36	0.42	0.47
Retained Earnings	0.82	0.76	-0.25	0.79	0.81	0.9	0.7		0.77	0.32	0.97	0.49	0.74	0.61	-0.72	0.63	0.76	0.58	0.08	0.77	0.8	-0.21	-0.69	-0.77	0.35	0.78
Accounts Payable	0.94	0.41	-0.11	0.94	0.92	0.59	0.27	0.77		0.48	0.71	0.57	0.82	0.8	-0.24	0.31	0.88	0.6	-0.01	0.9	0.94	0.0	-0.76	-0.65	0.21	0.73
Cash	0.48	0.41	0.57	0.52	0.32	0.45	0.02	0.32	0.48		0.32	-0.05	0.46	0.47	0.02	0.42	0.42	0.35	-0.13	0.56	0.53	0.68	-0.55	-0.21	-0.17	0.22
Non Current Assets Total	0.76	0.84	-0.16	0.72	0.73	0.94	0.77	0.97	0.71	0.32		0.36	0.65	0.54	-0.74	0.72	0.76	0.55	0.09	0.73	0.72	-0.17	-0.59	-0.74	0.32	0.7
Non Currrent Assets Other	0.52	0.03	-0.64	0.51	0.65	0.12	0.06	0.49	0.57	-0.05	0.36		0.74	0.24	-0.3	-0.17	0.56	0.17	0.04	0.4	0.53	-0.35	-0.29	-0.61	-0.16	0.81
Cash And Short Term Investments	0.89	0.47	-0.22	0.84	0.89	0.55	0.35	0.74	0.82	0.46	0.65	0.74		0.57	-0.23	0.33	0.83	0.54	-0.03	0.83	0.89	-0.14	-0.56	-0.67	0.01	0.95
Net Receivables	0.81	0.45	-0.01	0.88	0.68	0.58	0.32	0.61	0.8	0.47	0.54	0.24	0.57		-0.12	0.28	0.6	0.36	0.3	0.85	0.83	0.24	-0.77	-0.3	0.55	0.43
Common Stock Shares Outstanding	-0.22	-0.54	0.35	-0.22	-0.3	-0.65	-0.55	-0.72	-0.24	0.02	-0.74	-0.3	-0.23	-0.12		-0.4	-0.27	-0.21	-0.12	-0.16	-0.21	0.22	0.3	0.59	-0.22	-0.4
Non Current Liabilities Total	0.45	0.91	0.34	0.41	0.29	0.85	0.82	0.63	0.31	0.42	0.72	-0.17	0.33	0.28	-0.4		0.43	0.5	-0.13	0.54	0.43	-0.03	-0.34	-0.3	0.23	0.34
Inventory	0.88	0.53	-0.1	0.85	0.87	0.64	0.42	0.76	0.88	0.42	0.76	0.56	0.83	0.6	-0.27	0.43		0.61	-0.05	0.84	0.86	-0.13	-0.48	-0.76	0.05	0.79
Other Current Assets	0.65	0.41	0.19	0.57	0.64	0.54	0.31	0.58	0.6	0.35	0.55	0.17	0.54	0.36	-0.21	0.5	0.61		-0.36	0.62	0.66	-0.23	-0.51	-0.42	0.3	0.48
Other Stockholder Equity	0.06	0.21	-0.31	0.18	-0.02	0.06	0.3	0.08	-0.01	-0.13	0.09	0.04	-0.03	0.3	-0.12	-0.13	-0.05	-0.36		0.12	0.04	0.25	-0.03	0.11	0.26	0.0
Total Liab	0.97	0.66	0.01	0.98	0.85	0.72	0.52	0.77	0.9	0.56	0.73	0.4	0.83	0.85	-0.16	0.54	0.84	0.62	0.12		0.97	0.05	-0.72	-0.5	0.35	0.72
Total Current Assets	0.99	0.56	-0.09	0.98	0.93	0.68	0.41	0.8	0.94	0.53	0.72	0.53	0.89	0.83	-0.21	0.43	0.86	0.66	0.04	0.97		-0.02	-0.76	-0.6	0.32	0.79
Intangible Assets	-0.07	0.01	0.59	0.06	-0.25	-0.04	-0.29	-0.21	0.0	0.68	-0.17	-0.35	-0.14	0.24	0.22	-0.03	-0.13	-0.23	0.25	0.05	-0.02		-0.28	0.36	-0.2	-0.36
Common Stock	-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	-0.77	0.3	-0.34	-0.48	-0.51	-0.03	-0.72	-0.76	-0.28		0.31	-0.38	-0.42
Good Will	-0.63	-0.42	0.42	-0.55	-0.74	-0.61	-0.36	-0.77	-0.65	-0.21	-0.74	-0.61	-0.67	-0.3	0.59	-0.3	-0.76	-0.42	0.11	-0.5	-0.6	0.36	0.31		0.05	-0.74
Current Deferred Revenue	0.33	0.31	-0.22	0.35	0.27	0.4	0.42	0.35	0.21	-0.17	0.32	-0.16	0.01	0.55	-0.22	0.23	0.05	0.3	0.26	0.35	0.32	-0.2	-0.38	0.05		0.03
Short Term Investments	0.81	0.5	-0.41	0.75	0.85	0.56	0.47	0.78	0.73	0.22	0.7	0.81	0.95	0.43	-0.4	0.34	0.79	0.48	0.0	0.72	0.79	-0.36	-0.42	-0.74	0.03

Click cells to compare fundamentals

Thermax Account Relationship Matchups

Thermax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	59.6B	65.1B	74.6B	88.4B	101.5B	55.1B
Short Long Term Debt Total	2.4B	3.4B	3.8B	8.3B	13.0B	13.6B
Other Current Liab	3.4B	3.3B	3.6B	4.4B	5.7B	5.9B
Total Current Liabilities	27.9B	30.7B	37.6B	44.1B	47.3B	28.9B
Total Stockholder Equity	30.3B	32.5B	34.9B	38.7B	44.4B	23.1B
Property Plant And Equipment Net	12.8B	12.3B	12.0B	16.5B	25.0B	26.2B
Net Debt	(95.4M)	(1.2B)	846.6M	3.8B	8.1B	8.5B
Retained Earnings	23.3B	25.4B	27.8B	31.4B	37.1B	39.0B
Accounts Payable	9.6B	11.4B	14.6B	15.0B	15.3B	10.0B
Cash	2.5B	4.6B	2.9B	4.5B	4.9B	3.7B
Non Current Assets Total	19.8B	20.4B	27.2B	27.6B	37.0B	38.9B
Non Currrent Assets Other	14.3B	20.3B	24.3B	32.7B	7.8B	9.8B
Cash And Short Term Investments	13.0B	20.8B	17.4B	30.5B	23.7B	11.9B
Net Receivables	18.3B	15.5B	18.3B	22.7B	26.3B	16.7B
Liabilities And Stockholders Equity	59.6B	65.1B	74.6B	88.4B	101.5B	55.1B
Non Current Liabilities Total	1.4B	1.8B	2.1B	5.6B	9.9B	10.4B
Inventory	4.5B	4.0B	7.3B	7.6B	7.6B	4.6B
Other Current Assets	4.9B	4.6B	4.6B	5.3B	7.2B	4.5B
Total Liab	29.3B	32.6B	39.7B	49.7B	57.1B	31.7B
Total Current Assets	39.8B	44.7B	47.4B	60.8B	64.5B	37.0B
Accumulated Other Comprehensive Income	(7.1B)	6.3B	6.3B	6.5B	6.5B	6.8B
Intangible Assets	236.5M	320.2M	375.2M	291.9M	340.4M	419.8M
Good Will	1.2B	330.7M	353.1M	30.3M	27.3M	25.9M
Current Deferred Revenue	16.3B	3.3B	3.4B	3.7B	21.0B	13.3B
Short Term Investments	10.4B	16.2B	14.4B	26.0B	18.8B	12.5B
Short Term Debt	2.0B	3.1B	3.1B	3.9B	4.7B	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	333.9M	221.6M	614.2M	4.2B	7.9B	8.3B
Short Long Term Debt	2.0B	2.8B	2.9B	3.9B	4.7B	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	142.1M	211.4M	122.9M	199.9M	214.8M	132.8M
Cash And Equivalents	953.9M	1.7B	1.1B	1.5B	1.8B	971.8M
Net Invested Capital	32.6B	35.6B	38.5B	46.8B	57.0B	42.8B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Thermax Total Current Liabilities vs Non Currrent Assets Other Analysis

Total Current Liabilities vs Non Currrent Assets Other

Total Current Liabilities vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Non Currrent Assets Other

Thermax fundamental ratios Correlations

Thermax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thermax fundamental ratios Accounts

Also Currently Popular

Additional Tools for Thermax Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Current Liabilities
Total Current Liabilities	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Retained Earnings

Common Stock	- 0.77	Net Receivables
Good Will	- 0.77	Retained Earnings
Common Stock	- 0.76	Total Current Assets
Good Will	- 0.76	Inventory
Common Stock	- 0.76	Accounts Payable
Common Stock	- 0.75	Total Current Liabilities