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 Non Current Liabilities Total 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 Non Current Liabilities Total
Total Current Liabilities vs Non Current Liabilities Total 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
Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Thor Explorations' Total Current Liabilities and Non Current Liabilities Total is 0.57. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Liabilities Total 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 Non Current Liabilities Total 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 Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Liabilities i.e., Thor Explorations' Total Current Liabilities and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | 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.
Non Current Liabilities Total
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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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
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