Thorney Total Stockholder Equity vs Non Current Assets Total Analysis

TEK Stock

0.14 0.00 0.00%

Thorney Technologies financial indicator trend analysis is much more than just breaking down Thorney Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thorney Technologies is a good investment. Please check the relationship between Thorney Technologies Total Stockholder Equity and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thorney Technologies. 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 Stockholder Equity vs Non Current Assets Total

Total Stockholder Equity vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thorney Technologies Total Stockholder Equity account and Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Thorney Technologies' Total Stockholder Equity and Non Current Assets Total is 0.4. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Thorney Technologies, assuming nothing else is changed. The correlation between historical values of Thorney Technologies' Total Stockholder Equity and Non Current Assets 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 Stockholder Equity of Thorney Technologies are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Stockholder Equity i.e., Thorney Technologies' Total Stockholder Equity and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Thorney Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thorney Technologies 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 Thorney Technologies. 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, Thorney Technologies' Discontinued Operations is comparatively stable compared to the past year. Tax Provision is likely to gain to about 7.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 430.6 K in 2024.

	2021	2022	2023	2024 (projected)
Research Development	1.1	1.13	1.02	0.97
Other Operating Expenses	498.0K	3.0M	2.6M	2.5M

Research Development Other Operating Expenses

Thorney Technologies fundamental ratios Correlations

	Total Assets	Accounts Payable	Cash	Other Assets	Long Term Debt	Total Liab	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.21	0.3	0.36	0.4	-0.2	0.34	-0.33	-0.08	-0.04	0.93	-0.23	0.19	-0.05	-0.4	0.37	-0.71	0.89	-0.02	-0.08	0.76	-0.28	-0.77	0.02	0.19	0.92
Accounts Payable	0.21		-0.26	-0.03	-0.05	0.78	0.34	0.58	-0.6	0.83	-0.02	0.45	0.42	0.54	0.07	0.13	-0.29	0.04	0.57	0.36	-0.38	0.61	-0.18	0.55	0.42	0.13
Cash	0.3	-0.26		0.23	0.27	-0.43	0.18	-0.43	0.24	-0.35	0.32	-0.31	-0.03	-0.5	0.15	-0.45	-0.46	0.41	-0.4	-0.26	0.36	-0.43	-0.39	-0.26	-0.03	0.38
Other Assets	0.36	-0.03	0.23		-0.14	-0.07	0.08	-0.08	0.04	-0.05	0.37	-0.07	-0.01	-0.12	0.11	-0.12	-0.53	0.25	0.06	-0.02	0.14	-0.03	-0.48	0.05	-0.01	0.26
Long Term Debt	0.4	-0.05	0.27	-0.14		-0.21	0.7	-0.05	0.47	-0.25	0.2	-0.34	0.35	0.43	-0.39	-0.15	-0.32	0.17	0.03	-0.13	0.41	-0.1	-0.18	0.03	0.35	0.19
Total Liab	-0.2	0.78	-0.43	-0.07	-0.21		0.3	0.9	-0.54	0.94	-0.45	0.78	0.51	0.7	-0.05	0.17	0.11	-0.47	0.87	0.71	-0.63	0.93	0.38	0.74	0.51	-0.38
Property Plant Equipment	0.34	0.34	0.18	0.08	0.7	0.3		0.28	-0.01	0.31	0.01	0.21	0.87	0.66	-0.28	-0.27	-0.43	0.0	0.42	0.18	0.03	0.31	-0.13	0.34	0.87	0.05
Short Long Term Debt Total	-0.33	0.58	-0.43	-0.08	-0.05	0.9	0.28		-0.19	0.71	-0.57	0.54	0.42	0.77	-0.05	0.1	0.24	-0.64	0.83	0.66	-0.67	0.98	0.56	0.73	0.42	-0.54
Other Current Liab	-0.08	-0.6	0.24	0.04	0.47	-0.54	-0.01	-0.19		-0.67	0.01	-0.72	-0.23	-0.12	0.1	-0.25	0.04	-0.06	-0.3	-0.4	0.21	-0.33	0.1	-0.19	-0.23	-0.09
Total Current Liabilities	-0.04	0.83	-0.35	-0.05	-0.25	0.94	0.31	0.71	-0.67		-0.29	0.84	0.54	0.57	-0.06	0.19	-0.02	-0.27	0.8	0.68	-0.5	0.77	0.19	0.72	0.54	-0.18
Total Stockholder Equity	0.93	-0.02	0.32	0.37	0.2	-0.45	0.01	-0.57	0.01	-0.29		-0.41	-0.1	-0.38	-0.28	0.4	-0.6	0.97	-0.3	-0.26	0.83	-0.53	-0.8	-0.2	-0.1	0.97
Other Liab	-0.23	0.45	-0.31	-0.07	-0.34	0.78	0.21	0.54	-0.72	0.84	-0.41		0.48	0.43	-0.26	0.19	0.23	-0.42	0.7	0.76	-0.41	0.64	0.39	0.59	0.48	-0.37
Property Plant And Equipment Net	0.19	0.42	-0.03	-0.01	0.35	0.51	0.87	0.42	-0.23	0.54	-0.1	0.48		0.62	-0.31	-0.1	-0.18	-0.11	0.56	0.36	-0.13	0.46	0.09	0.55	1.0	-0.05
Net Debt	-0.05	0.54	-0.5	-0.12	0.43	0.7	0.66	0.77	-0.12	0.57	-0.38	0.43	0.62		-0.3	0.07	0.02	-0.46	0.77	0.47	-0.36	0.77	0.31	0.58	0.62	-0.38
Retained Earnings	-0.4	0.07	0.15	0.11	-0.39	-0.05	-0.28	-0.05	0.1	-0.06	-0.28	-0.26	-0.31	-0.3		-0.62	-0.16	-0.14	-0.38	-0.38	-0.54	-0.1	-0.12	-0.4	-0.31	-0.19
Non Current Assets Total	0.37	0.13	-0.45	-0.12	-0.15	0.17	-0.27	0.1	-0.25	0.19	0.4	0.19	-0.1	0.07	-0.62		0.25	0.26	0.34	0.29	0.42	0.15	0.1	0.27	-0.1	0.31
Non Currrent Assets Other	-0.71	-0.29	-0.46	-0.53	-0.32	0.11	-0.43	0.24	0.04	-0.02	-0.6	0.23	-0.18	0.02	-0.16	0.25		-0.65	0.09	0.13	-0.34	0.2	0.83	0.1	-0.18	-0.66
Cash And Short Term Investments	0.89	0.04	0.41	0.25	0.17	-0.47	0.0	-0.64	-0.06	-0.27	0.97	-0.42	-0.11	-0.46	-0.14	0.26	-0.65		-0.41	-0.32	0.77	-0.6	-0.86	-0.28	-0.11	0.99
Net Receivables	-0.02	0.57	-0.4	0.06	0.03	0.87	0.42	0.83	-0.3	0.8	-0.3	0.7	0.56	0.77	-0.38	0.34	0.09	-0.41		0.7	-0.32	0.88	0.41	0.83	0.56	-0.31
Common Stock Total Equity	-0.08	0.36	-0.26	-0.02	-0.13	0.71	0.18	0.66	-0.4	0.68	-0.26	0.76	0.36	0.47	-0.38	0.29	0.13	-0.32	0.7		-0.3	0.68	0.36	0.69	0.36	-0.24
Common Stock Shares Outstanding	0.76	-0.38	0.36	0.14	0.41	-0.63	0.03	-0.67	0.21	-0.5	0.83	-0.41	-0.13	-0.36	-0.54	0.42	-0.34	0.77	-0.32	-0.3		-0.63	-0.5	-0.26	-0.13	0.75
Non Current Liabilities Total	-0.28	0.61	-0.43	-0.03	-0.1	0.93	0.31	0.98	-0.33	0.77	-0.53	0.64	0.46	0.77	-0.1	0.15	0.2	-0.6	0.88	0.68	-0.63		0.53	0.7	0.46	-0.51
Inventory	-0.77	-0.18	-0.39	-0.48	-0.18	0.38	-0.13	0.56	0.1	0.19	-0.8	0.39	0.09	0.31	-0.12	0.1	0.83	-0.86	0.41	0.36	-0.5	0.53		0.31	0.09	-0.84
Other Current Assets	0.02	0.55	-0.26	0.05	0.03	0.74	0.34	0.73	-0.19	0.72	-0.2	0.59	0.55	0.58	-0.4	0.27	0.1	-0.28	0.83	0.69	-0.26	0.7	0.31		0.55	-0.17
Property Plant And Equipment Gross	0.19	0.42	-0.03	-0.01	0.35	0.51	0.87	0.42	-0.23	0.54	-0.1	0.48	1.0	0.62	-0.31	-0.1	-0.18	-0.11	0.56	0.36	-0.13	0.46	0.09	0.55		-0.05
Total Current Assets	0.92	0.13	0.38	0.26	0.19	-0.38	0.05	-0.54	-0.09	-0.18	0.97	-0.37	-0.05	-0.38	-0.19	0.31	-0.66	0.99	-0.31	-0.24	0.75	-0.51	-0.84	-0.17	-0.05

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Thorney Technologies Account Relationship Matchups

Thorney Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	88.2M	187.7M	156.5M	130.4M	104.5M	70.6M
Accounts Payable	677.8K	10.5M	1.2M	1.0M	137.6K	130.7K
Cash	4.9M	6.5M	9.3M	12.8M	3.2M	5.7M
Other Assets	7.9M	36.5K	19.1M	19.1M	(12.7M)	(12.1M)
Total Liab	677.8K	12.2M	1.2M	1.0M	1.3M	1.2M
Other Current Liab	(677.8K)	(10.5M)	(1.2M)	(1.0M)	(137.6K)	(144.5K)
Total Current Liabilities	677.8K	10.5M	1.2M	1.0M	1.3M	1.2M
Total Stockholder Equity	87.0M	175.5M	154.9M	128.2M	103.2M	63.0M
Net Debt	(4.9M)	(6.5M)	(9.3M)	(12.8M)	(3.2M)	(3.3M)
Retained Earnings	(52.5M)	(60.7M)	(135.2M)	(173.3M)	(213.4M)	(202.7M)
Non Current Assets Total	26.6M	38.3M	41.5M	29.8M	46.1M	48.4M
Cash And Short Term Investments	53.1M	148.5M	94.6M	79.4M	68.8M	36.8M
Net Receivables	479.3K	909.3K	1.1M	2.0M	1.3M	1.5M
Common Stock Shares Outstanding	258.7M	316.7M	421.9M	424.7M	408.1M	428.5M
Liabilities And Stockholders Equity	88.2M	187.7M	156.5M	130.4M	104.5M	72.7M
Inventory	(48.3M)	(142.9M)	(85.3M)	(66.6M)	33.2K	34.8K
Other Current Assets	66.9K	854.9K	754.7K	1.9M	1.0M	766.1K
Total Current Assets	53.6M	149.4M	95.8M	81.4M	71.1M	41.0M
Accumulated Other Comprehensive Income	83.4M	144.5M	173.9M	186.5M	204.8M	215.1M
Short Term Investments	48.3M	142.0M	85.3M	66.6M	65.6M	57.1M
Net Tangible Assets	87.0M	175.5M	154.9M	128.2M	147.4M	85.8M

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