Thor Net Debt vs Cash Analysis

THR Stock

0.73 0.08 12.31%

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

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Mining PLC Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.

The correlation between Thor Mining's Net Debt and Cash is -0.94. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Thor Mining PLC, assuming nothing else is changed. The correlation between historical values of Thor Mining's Net Debt 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 Net Debt of Thor Mining PLC 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 Net Debt i.e., Thor Mining's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.94

Relationship Direction	Negative
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Thor Mining PLC, which is listed under current asset account on Thor Mining PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Thor Mining customers. The amounts must be unrestricted with restricted cash listed in a different Thor Mining 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 Thor Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Mining PLC 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 Thor Mining PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The current year's Selling General Administrative is expected to grow to about 139.1 K. The current year's Issuance Of Capital Stock is expected to grow to about 1.6 M

Thor Mining fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Short Term Investments	Non Current Liabilities Total	Short Term Debt
Total Assets		0.2	0.99	0.14	-0.83	0.21	-0.23	0.99	0.24	-0.23	-0.1	0.35	-0.09	0.93	0.13	-0.24	0.96	0.14	0.36	0.64	-0.13	-0.03	0.91	-0.22	0.25	-0.09
Total Current Liabilities	0.2		0.12	0.56	-0.1	0.64	-0.5	0.25	-0.41	-0.5	-0.16	0.12	0.2	0.23	0.75	-0.37	0.26	-0.18	0.41	0.21	0.49	0.21	0.38	0.06	-0.21	0.53
Total Stockholder Equity	0.99	0.12		0.05	-0.85	0.14	-0.16	0.97	0.29	-0.16	-0.15	0.36	-0.1	0.93	0.03	-0.17	0.94	0.16	0.31	0.64	-0.22	-0.02	0.88	-0.25	0.25	-0.19
Net Debt	0.14	0.56	0.05		0.16	0.64	-0.94	0.28	-0.33	-0.94	0.56	-0.42	0.07	-0.05	0.87	-0.87	0.33	-0.15	0.38	-0.1	0.8	-0.07	0.4	0.02	0.04	0.82
Retained Earnings	-0.83	-0.1	-0.85	0.16		0.02	0.01	-0.78	-0.47	0.01	0.45	-0.58	0.06	-0.87	0.09	0.01	-0.74	-0.27	-0.12	-0.84	0.37	-0.18	-0.72	0.15	0.0	0.34
Accounts Payable	0.21	0.64	0.14	0.64	0.02		-0.64	0.28	-0.43	-0.64	0.22	-0.02	0.32	0.09	0.61	-0.47	0.34	-0.2	0.46	-0.12	0.36	-0.14	0.47	-0.29	0.12	0.41
Cash	-0.23	-0.5	-0.16	-0.94	0.01	-0.64		-0.36	0.15	1.0	-0.45	0.37	-0.14	-0.03	-0.72	0.89	-0.39	0.05	-0.27	0.0	-0.57	-0.02	-0.5	0.08	0.05	-0.6
Non Current Assets Total	0.99	0.25	0.97	0.28	-0.78	0.28	-0.36		0.21	-0.36	-0.02	0.27	-0.13	0.89	0.23	-0.39	0.98	0.11	0.38	0.6	-0.02	-0.04	0.94	-0.24	0.24	0.01
Non Currrent Assets Other	0.24	-0.41	0.29	-0.33	-0.47	-0.43	0.15	0.21		0.15	-0.21	-0.08	-0.28	0.19	-0.48	0.04	0.17	0.32	-0.65	0.25	-0.43	-0.08	0.06	0.0	0.0	-0.41
Cash And Short Term Investments	-0.23	-0.5	-0.16	-0.94	0.01	-0.64	1.0	-0.36	0.15		-0.45	0.37	-0.14	-0.03	-0.72	0.89	-0.39	0.05	-0.27	0.0	-0.57	-0.02	-0.5	0.08	0.05	-0.6
Common Stock Total Equity	-0.1	-0.16	-0.15	0.56	0.45	0.22	-0.45	-0.02	-0.21	-0.45		-0.49	-0.06	-0.35	0.42	-0.47	0.02	0.02	0.06	-0.56	0.58	-0.55	0.09	0.32	0.5	0.57
Common Stock Shares Outstanding	0.35	0.12	0.36	-0.42	-0.58	-0.02	0.37	0.27	-0.08	0.37	-0.49		0.03	0.49	-0.12	0.36	0.26	0.32	0.17	0.51	-0.39	0.42	0.34	0.02	-0.28	-0.35
Other Current Assets	-0.09	0.2	-0.1	0.07	0.06	0.32	-0.14	-0.13	-0.28	-0.14	-0.06	0.03		-0.06	0.08	0.31	-0.12	0.23	0.12	-0.01	-0.12	0.21	0.01	0.16	-0.14	-0.11
Other Stockholder Equity	0.93	0.23	0.93	-0.05	-0.87	0.09	-0.03	0.89	0.19	-0.03	-0.35	0.49	-0.06		0.03	-0.03	0.85	0.01	0.4	0.71	-0.25	0.16	0.78	-0.16	0.16	-0.23
Total Liab	0.13	0.75	0.03	0.87	0.09	0.61	-0.72	0.23	-0.48	-0.72	0.42	-0.12	0.08	0.03		-0.64	0.25	-0.15	0.5	0.01	0.88	-0.06	0.38	0.23	0.07	0.9
Total Current Assets	-0.24	-0.37	-0.17	-0.87	0.01	-0.47	0.89	-0.39	0.04	0.89	-0.47	0.36	0.31	-0.03	-0.64		-0.42	0.14	-0.19	0.01	-0.59	0.07	-0.47	0.16	0.0	-0.61
Intangible Assets	0.96	0.26	0.94	0.33	-0.74	0.34	-0.39	0.98	0.17	-0.39	0.02	0.26	-0.12	0.85	0.25	-0.42		0.14	0.34	0.57	0.02	0.0	0.92	-0.24	0.2	0.06
Common Stock	0.14	-0.18	0.16	-0.15	-0.27	-0.2	0.05	0.11	0.32	0.05	0.02	0.32	0.23	0.01	-0.15	0.14	0.14		-0.53	0.32	-0.18	0.14	0.2	0.33	-0.25	-0.16
Property Plant And Equipment Net	0.36	0.41	0.31	0.38	-0.12	0.46	-0.27	0.38	-0.65	-0.27	0.06	0.17	0.12	0.4	0.5	-0.19	0.34	-0.53		0.16	0.33	0.0	0.4	-0.31	0.2	0.33
Property Plant And Equipment Gross	0.64	0.21	0.64	-0.1	-0.84	-0.12	0.0	0.6	0.25	0.0	-0.56	0.51	-0.01	0.71	0.01	0.01	0.57	0.32	0.16		-0.2	0.3	0.54	-0.15	-0.18	-0.18
Short Long Term Debt Total	-0.13	0.49	-0.22	0.8	0.37	0.36	-0.57	-0.02	-0.43	-0.57	0.58	-0.39	-0.12	-0.25	0.88	-0.59	0.02	-0.18	0.33	-0.2		-0.22	0.05	0.29	0.14	1.0
Other Current Liab	-0.03	0.21	-0.02	-0.07	-0.18	-0.14	-0.02	-0.04	-0.08	-0.02	-0.55	0.42	0.21	0.16	-0.06	0.07	0.0	0.14	0.0	0.3	-0.22		-0.04	0.0	-0.83	-0.22
Current Deferred Revenue	0.91	0.38	0.88	0.4	-0.72	0.47	-0.5	0.94	0.06	-0.5	0.09	0.34	0.01	0.78	0.38	-0.47	0.92	0.2	0.4	0.54	0.05	-0.04		-0.16	0.2	0.1
Short Term Investments	-0.22	0.06	-0.25	0.02	0.15	-0.29	0.08	-0.24	0.0	0.08	0.32	0.02	0.16	-0.16	0.23	0.16	-0.24	0.33	-0.31	-0.15	0.29	0.0	-0.16		0.05	0.28
Non Current Liabilities Total	0.25	-0.21	0.25	0.04	0.0	0.12	0.05	0.24	0.0	0.05	0.5	-0.28	-0.14	0.16	0.07	0.0	0.2	-0.25	0.2	-0.18	0.14	-0.83	0.2	0.05		0.12
Short Term Debt	-0.09	0.53	-0.19	0.82	0.34	0.41	-0.6	0.01	-0.41	-0.6	0.57	-0.35	-0.11	-0.23	0.9	-0.61	0.06	-0.16	0.33	-0.18	1.0	-0.22	0.1	0.28	0.12

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Thor Mining Account Relationship Matchups

Thor Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Net Debt	(481K)	(191K)	(773K)	(1.1M)	(778K)	(816.9K)
Retained Earnings	(15.5M)	(16.3M)	(18.2M)	(19.4M)	(21.6M)	(20.5M)
Non Currrent Assets Other	87K	(131K)	671K	192K	12.0M	12.6M
Common Stock Total Equity	64K	81K	122K	162K	145.8K	138.5K
Common Stock Shares Outstanding	99.0M	149.7M	201.4M	222.8M	272.7M	286.3M
Other Current Assets	19K	22K	24K	40K	144K	26.6K
Other Stockholder Equity	25.4M	24.7M	24.5M	34.0M	28.9M	19.4M
Common Stock	81K	122K	162K	201K	4.0M	4.2M
Property Plant And Equipment Net	11.7M	12.3M	10.1M	12.4M	42K	39.9K
Property Plant And Equipment Gross	12.3M	10.1M	12.5M	12.9M	14.8M	15.5M
Accumulated Other Comprehensive Income	2.5M	2.0M	3.0M	2.0M	1.9M	2.0M
Net Tangible Assets	354K	2.2M	2.1M	1.6M	1.8M	1.9M
Other Assets	433K	1.1M	68K	105K	120.8K	114.7K
Net Receivables	21K	36K	196K	15K	9K	8.6K
Property Plant Equipment	48K	17K	62K	110K	126.5K	132.8K
Net Invested Capital	12.6M	12.3M	14.4M	14.3M	16.4M	13.7M
Net Working Capital	(116K)	517K	1.8M	876K	1.0M	692.4K
Capital Stock	122K	162K	3.8M	239K	274.9K	261.1K

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Other Information on Investing in Thor Stock

Balance Sheet is a snapshot of the financial position of Thor Mining PLC at a specified time, usually calculated after every quarter, six months, or one year. Thor Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Thor Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Thor currently owns. An asset can also be divided into two categories, current and non-current.

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Thor Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Thor Mining fundamental ratios Correlations

Thor Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thor Mining fundamental ratios Accounts

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Other Information on Investing in Thor Stock

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Intangible Assets	+ 0.98	Non Current Assets Total
Non Current Assets Total	+ 0.97	Total Stockholder Equity

Cash And Short Term Investments	- 0.94	Net Debt
Cash	- 0.94	Net Debt
Other Stockholder Equity	- 0.87	Retained Earnings
Total Current Assets	- 0.87	Net Debt
Retained Earnings	- 0.85	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.84	Retained Earnings