Thor Cash And Short Term Investments vs Total Current Assets Analysis

THX Stock  CAD 0.31  0.01  3.33%   
Thor Explorations financial indicator trend analysis is much more than just breaking down Thor Explorations prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Explorations is a good investment. Please check the relationship between Thor Explorations Cash And Short Term Investments and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Explorations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash And Short Term Investments vs Total Current Assets

Cash And Short Term Investments vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Explorations Cash And Short Term Investments account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Thor Explorations' Cash And Short Term Investments and Total Current Assets is 0.59. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Thor Explorations, assuming nothing else is changed. The correlation between historical values of Thor Explorations' Cash And Short Term Investments and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Thor Explorations are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Thor Explorations' Cash And Short Term Investments and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Thor Explorations balance sheet. This account contains Thor Explorations investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Thor Explorations fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Thor Explorations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Explorations 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 Explorations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Thor Explorations' Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense83.8K14.6M13.1M13.8M
Depreciation And Amortization133.1K41.2M38.1M40.0M

Thor Explorations fundamental ratios Correlations

0.950.970.960.990.890.630.980.51.00.50.920.93-0.330.990.970.910.060.940.73-0.090.780.70.80.870.73
0.950.940.840.970.970.490.930.350.970.350.840.86-0.30.990.870.93-0.010.870.89-0.060.660.780.750.80.66
0.970.940.920.930.910.750.990.350.970.350.810.93-0.340.970.950.960.010.980.7-0.050.860.570.660.780.58
0.960.840.920.930.750.660.930.590.950.590.920.88-0.310.90.970.850.180.940.55-0.120.830.550.80.880.76
0.990.970.930.930.910.50.940.490.990.490.940.9-0.310.980.910.870.090.880.81-0.110.670.80.850.880.78
0.890.970.910.750.910.490.890.130.910.130.740.83-0.280.940.780.920.00.830.91-0.050.620.720.630.690.55
0.630.490.750.660.50.490.760.140.590.140.370.74-0.240.590.750.69-0.140.820.10.050.91-0.030.150.370.11
0.980.930.990.930.940.890.760.380.970.380.830.96-0.340.970.960.930.00.980.67-0.050.850.590.670.790.6
0.50.350.350.590.490.130.140.380.471.00.610.32-0.160.420.590.25-0.030.360.13-0.080.330.460.650.670.59
1.00.970.970.950.990.910.590.970.470.470.920.92-0.320.990.940.910.070.930.78-0.10.740.730.810.870.74
0.50.350.350.590.490.130.140.381.00.470.610.32-0.160.420.590.25-0.030.360.13-0.080.330.460.650.670.59
0.920.840.810.920.940.740.370.830.610.920.610.82-0.340.880.850.720.260.790.68-0.160.560.760.920.920.9
0.930.860.930.880.90.830.740.960.320.920.320.82-0.330.920.90.810.00.910.61-0.060.740.60.640.770.6
-0.33-0.3-0.34-0.31-0.31-0.28-0.24-0.34-0.16-0.32-0.16-0.34-0.33-0.32-0.34-0.3-0.16-0.36-0.21-0.07-0.29-0.19-0.23-0.31-0.2
0.990.990.970.90.980.940.590.970.420.990.420.880.92-0.320.930.92-0.010.910.82-0.070.720.760.760.840.68
0.970.870.950.970.910.780.750.960.590.940.590.850.9-0.340.930.880.010.960.55-0.060.880.550.720.840.64
0.910.930.960.850.870.920.690.930.250.910.250.720.81-0.30.920.880.020.950.73-0.040.860.490.60.70.5
0.06-0.010.010.180.090.0-0.140.0-0.030.07-0.030.260.0-0.16-0.010.010.020.070.01-0.130.01-0.060.30.170.39
0.940.870.980.940.880.830.820.980.360.930.360.790.91-0.360.910.960.950.070.57-0.050.930.430.620.750.56
0.730.890.70.550.810.910.10.670.130.780.130.680.61-0.210.820.550.730.010.57-0.070.280.860.660.620.58
-0.09-0.06-0.05-0.12-0.11-0.050.05-0.05-0.08-0.1-0.08-0.16-0.06-0.07-0.07-0.06-0.04-0.13-0.05-0.07-0.01-0.13-0.37-0.1-0.4
0.780.660.860.830.670.620.910.850.330.740.330.560.74-0.290.720.880.860.010.930.28-0.010.120.40.570.33
0.70.780.570.550.80.72-0.030.590.460.730.460.760.6-0.190.760.550.49-0.060.430.86-0.130.120.780.710.73
0.80.750.660.80.850.630.150.670.650.810.650.920.64-0.230.760.720.60.30.620.66-0.370.40.780.880.98
0.870.80.780.880.880.690.370.790.670.870.670.920.77-0.310.840.840.70.170.750.62-0.10.570.710.880.83
0.730.660.580.760.780.550.110.60.590.740.590.90.6-0.20.680.640.50.390.560.58-0.40.330.730.980.83
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Thor Explorations Account Relationship Matchups

Thor Explorations fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.7M141.5M263.2M223.3M341.7M358.8M
Total Current Liabilities1.1M17.1M107.4M78.8M167.5M175.9M
Total Stockholder Equity52.6M77.9M75.2M86.8M147.9M155.3M
Property Plant And Equipment Net46.9M107.9M213.7M166.4M206.3M216.6M
Net Debt(5.3M)(7.6M)89.9M36.9M62.6M65.7M
Retained Earnings(21.0M)(24.8M)(26.7M)5.5M40.0M42.0M
Accounts Payable480.2K10.4M44.7M46.9M77.4M81.3M
Cash5.4M28.3M1.6M6.7M10.3M10.9M
Non Current Assets Total47.0M108.2M233.0M186.0M265.8M279.1M
Cash And Short Term Investments5.4M28.3M1.6M6.7M10.3M10.9M
Common Stock Shares Outstanding376.5M549.4M625.4M650.3M655.2M688.0M
Liabilities And Stockholders Equity53.7M141.5M263.2M223.3M341.7M358.8M
Other Current Assets200.3K552.7K5.2M10.5M10.1M10.6M
Other Stockholder Equity5.4M6.3M5.7M3.4M1.00.95
Total Liab1.1M63.6M188.0M136.5M193.7M203.4M
Total Current Assets6.7M33.3M30.2M37.3M75.9M79.7M
Net Receivables1.1M56.7K294.5K220.4K370.2K209.6K
Accumulated Other Comprehensive Income559.1K(769.7K)(3.7M)(2.5M)461.5K749.1K
Other Current Liab552.6K6.1M65.7M19.6M21.2M22.2M
Non Currrent Assets Other23.3K4.0195.3K282.8K59.4M62.3M
Non Current Liabilities Total35.4K46.5M80.6M57.7M26.2M19.6M
Common Stock67.6M97.1M99.9M80.4M107.5M60.0M
Net Tangible Assets33.1M42.8M52.6M61.6M70.9M35.8M
Other Assets30.1K23.3K38.4K242.0K278.2K292.2K
Property Plant Equipment35.7M43.1M46.9M91.7M105.4M110.7M
Net Invested Capital52.6M98.5M143.5M114.6M115.6M94.4M
Net Working Capital5.7M16.2M(77.2M)(41.5M)(69.5M)(66.0M)
Capital Stock67.6M97.1M99.9M80.4M81.5M87.8M

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Additional Tools for Thor Stock Analysis

When running Thor Explorations' price analysis, check to measure Thor Explorations' 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 Thor Explorations is operating at the current time. Most of Thor Explorations' value examination focuses on studying past and present price action to predict the probability of Thor Explorations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Explorations' price. Additionally, you may evaluate how the addition of Thor Explorations to your portfolios can decrease your overall portfolio volatility.