Thor Total Current Liabilities vs Cash 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 Total Current Liabilities and its Cash 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.

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Explorations Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Thor Explorations' Total Current Liabilities and Cash is 0.35. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash 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' Total Current Liabilities 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 Total Current Liabilities of Thor Explorations 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 Total Current Liabilities i.e., Thor Explorations' Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Thor Explorations balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Thor Explorations 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.

Cash

Cash refers to the most liquid asset of Thor Explorations, which is listed under current asset account on Thor Explorations balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Thor Explorations customers. The amounts must be unrestricted with restricted cash listed in a different Thor Explorations 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 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.