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 Other Current Assets and its Total 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.
Other Current Assets vs Total Assets
Other Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thor Explorations Other Current Assets account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Thor Explorations' Other Current Assets and Total Assets is 0.93. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total 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' Other Current Assets and Total 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 Other Current Assets of Thor Explorations are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Assets i.e., Thor Explorations' Other Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Total Assets
Total assets refers to the total amount of Thor Explorations 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 Thor Explorations 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.
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.
Thor Explorations fundamental ratios Correlations
Click cells to compare fundamentals
Thor Explorations Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thor Explorations fundamental ratios Accounts
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Additional Tools for Thor Stock Analysis
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