Therma Total Assets vs Property Plant Equipment Analysis
THRM Stock | CAD 0.03 0.01 16.67% |
Therma Bright financial indicator trend analysis is much more than just breaking down Therma Bright prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Therma Bright is a good investment. Please check the relationship between Therma Bright Total Assets and its Property Plant Equipment accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Therma Bright. 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 Assets vs Property Plant Equipment
Total Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Therma Bright Total Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Therma Bright's Total Assets and Property Plant Equipment is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Therma Bright, assuming nothing else is changed. The correlation between historical values of Therma Bright's Total Assets and Property Plant Equipment 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 Assets of Therma Bright are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Assets i.e., Therma Bright's Total Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Therma Bright assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Therma Bright books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Property Plant Equipment
Most indicators from Therma Bright's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Therma Bright 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 Therma Bright. 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. At this time, Therma Bright's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 15.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Therma Bright fundamental ratios Correlations
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Therma Bright Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Therma Bright fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1M | 2.2M | 4.0M | 2.2M | 2.5M | 2.7M | |
Total Current Liabilities | 884.3K | 887.1K | 1.2M | 2.1M | 2.5M | 2.2M | |
Total Stockholder Equity | 224.0K | 1.3M | 2.7M | 44.8K | 51.5K | 54.1K | |
Property Plant And Equipment Net | 2.0K | 83.2K | 106.7K | 75.0K | 86.3K | 71.0K | |
Net Debt | (965.8K) | (1.7M) | (3.0M) | (91.8K) | (82.7K) | (78.5K) | |
Retained Earnings | (17.5M) | (26.1M) | (32.0M) | (35.8M) | (32.2M) | (30.6M) | |
Accounts Payable | 814.4K | 887.1K | 1.1M | 1.4M | 1.6M | 1.0M | |
Cash | 1.1M | 1.8M | 3.1M | 182.2K | 209.6K | 199.1K | |
Non Current Assets Total | 46.8K | 288.8K | 416.8K | 1.8M | 2.0M | 2.1M | |
Cash And Short Term Investments | 1.1M | 1.8M | 3.1M | 182.2K | 209.6K | 199.1K | |
Common Stock Shares Outstanding | 163.8M | 200.0M | 228.5M | 242.8M | 279.3M | 293.2M | |
Liabilities And Stockholders Equity | 1.1M | 2.2M | 4.0M | 2.2M | 2.5M | 2.7M | |
Other Current Assets | 22.5K | 26K | 78.2K | 54.0K | 48.6K | 50.8K | |
Other Stockholder Equity | 5.6M | 5.6M | 8.5M | 13.9M | 16.0M | 16.8M | |
Total Liab | 924.3K | 927.1K | 1.3M | 2.2M | 1.9M | 1.9M | |
Total Current Assets | 1.1M | 2.0M | 3.6M | 445.9K | 512.8K | 564.0K | |
Short Long Term Debt Total | 95.9K | 40K | 110.6K | 90.4K | 81.3K | 77.3K | |
Non Currrent Assets Other | 49.5K | 49.8K | 204.9K | 224.9K | 202.4K | 212.6K | |
Short Term Debt | 7.0K | 55.9K | 20.2K | 65.0K | 58.5K | 55.6K | |
Intangible Assets | 44.8K | 205.7K | 105.2K | 623.7K | 717.2K | 753.1K | |
Accumulated Other Comprehensive Income | 5.6M | 8.5M | 13.9M | 14.0M | 16.1M | 16.9M | |
Common Stock | 12.1M | 18.9M | 20.9M | 21.8M | 25.1M | 13.7M | |
Net Tangible Assets | (333.7K) | 179.2K | 1.1M | 2.6M | 3.0M | 3.2M | |
Short Long Term Debt | 8.5K | 7.0K | 55.9K | 40K | 46K | 35.5K | |
Net Invested Capital | 319.9K | 1.4M | 2.8M | 84.8K | 97.5K | 92.6K | |
Net Working Capital | 217.2K | 1.1M | 2.4M | (1.7M) | (1.9M) | (1.9M) | |
Capital Stock | 12.1M | 18.9M | 20.9M | 21.8M | 25.1M | 17.5M |
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