Theratechnologies Net Debt vs Asset Turnover Analysis

TH Stock

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Theratechnologies financial indicator trend analysis is much more than just breaking down Theratechnologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Theratechnologies is a good investment. Please check the relationship between Theratechnologies Net Debt and its Asset Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Theratechnologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Theratechnologies Stock, please use our How to Invest in Theratechnologies guide.

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Theratechnologies Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have strong relationship.

The correlation between Theratechnologies' Net Debt and Asset Turnover is 0.63. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Theratechnologies, assuming nothing else is changed. The correlation between historical values of Theratechnologies' Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Theratechnologies are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Theratechnologies' Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Theratechnologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Theratechnologies 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 Theratechnologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Theratechnologies Stock, please use our How to Invest in Theratechnologies guide.At this time, Theratechnologies' Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Tax Provision is likely to grow to about 508.4 K, while Issuance Of Capital Stock is likely to drop about 16.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	53.8M	62.1M	71.4M	75.0M
Total Revenue	80.1M	81.8M	94.0M	98.7M

Gross Profit Total Revenue

Theratechnologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Short Term Investments
Total Assets		0.89	0.63	-0.1	0.42	0.79	-0.57	0.94	0.68	0.79	0.06	0.51	0.83	0.75	0.47	0.75	0.67	0.77	0.21	0.84	0.45	0.94	0.29	0.77	0.68	0.49
Short Long Term Debt Total	0.89		0.75	-0.44	0.5	0.85	-0.72	0.79	0.77	0.58	0.05	0.67	0.81	0.77	0.25	0.74	0.56	0.7	0.39	0.9	0.58	0.89	0.45	0.64	0.78	0.21
Total Current Liabilities	0.63	0.75		-0.68	0.58	0.84	-0.71	0.6	0.61	0.31	-0.03	0.81	0.66	0.73	0.33	0.35	0.39	0.7	0.56	0.84	0.71	0.75	0.81	0.35	0.86	0.26
Total Stockholder Equity	-0.1	-0.44	-0.68		-0.54	-0.59	0.59	-0.07	-0.49	0.23	0.22	-0.79	-0.37	-0.55	0.32	-0.28	0.09	-0.25	-0.69	-0.6	-0.73	-0.35	-0.47	0.07	-0.71	0.16
Property Plant And Equipment Net	0.42	0.5	0.58	-0.54		0.74	-0.22	0.57	0.29	0.05	-0.48	0.41	0.33	0.44	-0.03	0.33	0.46	0.69	0.65	0.56	0.94	0.5	0.33	0.26	0.5	0.44
Net Debt	0.79	0.85	0.84	-0.59	0.74		-0.73	0.79	0.62	0.52	-0.29	0.73	0.7	0.79	0.31	0.67	0.63	0.83	0.49	0.93	0.82	0.86	0.46	0.56	0.86	0.32
Retained Earnings	-0.57	-0.72	-0.71	0.59	-0.22	-0.73		-0.4	-0.54	-0.35	0.06	-0.74	-0.58	-0.64	-0.28	-0.54	-0.38	-0.54	-0.21	-0.76	-0.43	-0.66	-0.4	-0.33	-0.81	0.11
Accounts Payable	0.94	0.79	0.6	-0.07	0.57	0.79	-0.4		0.56	0.76	-0.15	0.38	0.7	0.66	0.51	0.66	0.73	0.8	0.18	0.76	0.52	0.86	0.27	0.74	0.56	0.53
Cash	0.68	0.77	0.61	-0.49	0.29	0.62	-0.54	0.56		0.45	0.32	0.81	0.95	0.88	-0.09	0.8	0.06	0.33	0.54	0.85	0.5	0.83	0.24	0.31	0.75	0.24
Non Current Assets Total	0.79	0.58	0.31	0.23	0.05	0.52	-0.35	0.76	0.45		0.01	0.23	0.59	0.54	0.6	0.64	0.6	0.43	-0.13	0.56	0.05	0.68	0.07	0.77	0.39	0.34
Non Currrent Assets Other	0.06	0.05	-0.03	0.22	-0.48	-0.29	0.06	-0.15	0.32	0.01		0.07	0.3	0.0	-0.04	-0.04	-0.32	-0.23	0.04	-0.04	-0.35	0.08	0.15	-0.18	-0.06	0.09
Other Assets	0.51	0.67	0.81	-0.79	0.41	0.73	-0.74	0.38	0.81	0.23	0.07		0.8	0.89	-0.12	0.58	-0.01	0.37	0.71	0.85	0.67	0.72	0.46	0.18	0.92	0.17
Cash And Short Term Investments	0.83	0.81	0.66	-0.37	0.33	0.7	-0.58	0.7	0.95	0.59	0.3	0.8		0.92	0.09	0.82	0.23	0.5	0.5	0.9	0.52	0.93	0.25	0.48	0.81	0.45
Net Receivables	0.75	0.77	0.73	-0.55	0.44	0.79	-0.64	0.66	0.88	0.54	0.0	0.89	0.92		0.02	0.81	0.18	0.48	0.6	0.93	0.63	0.88	0.28	0.5	0.91	0.39
Common Stock Shares Outstanding	0.47	0.25	0.33	0.32	-0.03	0.31	-0.28	0.51	-0.09	0.6	-0.04	-0.12	0.09	0.02		0.0	0.76	0.58	-0.48	0.21	-0.11	0.34	0.37	0.5	0.13	0.21
Non Current Liabilities Total	0.75	0.74	0.35	-0.28	0.33	0.67	-0.54	0.66	0.8	0.64	-0.04	0.58	0.82	0.81	0.0		0.35	0.44	0.29	0.8	0.46	0.82	-0.16	0.59	0.68	0.28
Inventory	0.67	0.56	0.39	0.09	0.46	0.63	-0.38	0.73	0.06	0.6	-0.32	-0.01	0.23	0.18	0.76	0.35		0.85	-0.19	0.45	0.34	0.55	0.25	0.67	0.31	0.31
Other Current Assets	0.77	0.7	0.7	-0.25	0.69	0.83	-0.54	0.8	0.33	0.43	-0.23	0.37	0.5	0.48	0.58	0.44	0.85		0.21	0.7	0.67	0.76	0.42	0.57	0.62	0.51
Other Stockholder Equity	0.21	0.39	0.56	-0.69	0.65	0.49	-0.21	0.18	0.54	-0.13	0.04	0.71	0.5	0.6	-0.48	0.29	-0.19	0.21		0.53	0.77	0.41	0.39	0.0	0.59	0.37
Total Liab	0.84	0.9	0.84	-0.6	0.56	0.93	-0.76	0.76	0.85	0.56	-0.04	0.85	0.9	0.93	0.21	0.8	0.45	0.7	0.53		0.72	0.95	0.43	0.57	0.94	0.33
Property Plant And Equipment Gross	0.45	0.58	0.71	-0.73	0.94	0.82	-0.43	0.52	0.5	0.05	-0.35	0.67	0.52	0.63	-0.11	0.46	0.34	0.67	0.77	0.72		0.62	0.37	0.2	0.71	0.4
Total Current Assets	0.94	0.89	0.75	-0.35	0.5	0.86	-0.66	0.86	0.83	0.68	0.08	0.72	0.93	0.88	0.34	0.82	0.55	0.76	0.41	0.95	0.62		0.33	0.64	0.85	0.5
Short Term Debt	0.29	0.45	0.81	-0.47	0.33	0.46	-0.4	0.27	0.24	0.07	0.15	0.46	0.25	0.28	0.37	-0.16	0.25	0.42	0.39	0.43	0.37	0.33		0.17	0.47	0.06
Intangible Assets	0.77	0.64	0.35	0.07	0.26	0.56	-0.33	0.74	0.31	0.77	-0.18	0.18	0.48	0.5	0.5	0.59	0.67	0.57	0.0	0.57	0.2	0.64	0.17		0.48	0.42
Other Current Liab	0.68	0.78	0.86	-0.71	0.5	0.86	-0.81	0.56	0.75	0.39	-0.06	0.92	0.81	0.91	0.13	0.68	0.31	0.62	0.59	0.94	0.71	0.85	0.47	0.48		0.31
Short Term Investments	0.49	0.21	0.26	0.16	0.44	0.32	0.11	0.53	0.24	0.34	0.09	0.17	0.45	0.39	0.21	0.28	0.31	0.51	0.37	0.33	0.4	0.5	0.06	0.42	0.31

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Theratechnologies Account Relationship Matchups

Theratechnologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	100.1M	119.2M	93.3M	77.8M	89.4M	65.2M
Short Long Term Debt Total	55.4M	56.7M	66.7M	59.0M	67.8M	38.1M
Total Current Liabilities	41.9M	45.1M	114.3M	47.3M	54.4M	57.1M
Total Stockholder Equity	3.2M	17.8M	(22.6M)	(20.9M)	(18.8M)	(17.8M)
Property Plant And Equipment Net	3.5M	2.9M	3.1M	2.0M	1.8M	1.3M
Net Debt	42.6M	36.3M	42.9M	24.9M	28.6M	30.0M
Retained Earnings	(300.1M)	(335.2M)	(382.6M)	(408.7M)	(367.8M)	(349.4M)
Accounts Payable	17.5M	15.5M	12.9M	7.0M	8.0M	6.4M
Cash	12.7M	20.4M	23.9M	34.1M	39.2M	41.2M
Non Current Assets Total	35.3M	27.3M	19.9M	14.5M	16.6M	29.9M
Non Currrent Assets Other	12.2M	(35.3M)	621K	1.8M	1.6M	1.5M
Cash And Short Term Investments	20.8M	40.4M	33.1M	40.4M	46.4M	48.8M
Net Receivables	10.9M	9.3M	10.7M	12.8M	14.7M	15.5M
Common Stock Shares Outstanding	77.0M	92.4M	95.3M	26.3M	30.3M	55.9M
Liabilities And Stockholders Equity	100.1M	119.2M	93.3M	77.8M	89.4M	65.2M
Non Current Liabilities Total	55.0M	56.4M	1.6M	51.3M	59.0M	62.0M
Inventory	25.1M	29.1M	19.7M	6.1M	7.0M	7.8M
Other Current Assets	7.9M	13.2M	10.0M	3.6M	4.1M	2.4M
Other Stockholder Equity	12.1M	12.8M	20.9M	23.2M	20.9M	19.8M
Total Liab	96.9M	101.5M	115.8M	98.6M	113.4M	119.1M
Property Plant And Equipment Gross	3.5M	3.6M	3.9M	3.2M	2.9M	3.0M
Total Current Assets	64.8M	91.9M	73.4M	63.3M	72.8M	76.4M
Accumulated Other Comprehensive Income	(481K)	(44K)	385K	684.0K	786.6K	825.9K
Short Term Debt	425K	463K	65.3M	7.7M	8.9M	8.8M
Intangible Assets	31.9M	23.8M	15.0M	12.5M	14.4M	12.3M
Short Term Investments	8.0M	20.0M	9.2M	6.3M	5.7M	9.9M
Current Deferred Revenue	70K	50K	54K	38K	34.2K	32.5K
Net Tangible Assets	(14.9M)	(28.6M)	(6.1M)	(37.6M)	(33.8M)	(32.1M)
Common Stock	287.3M	335.8M	338.8M	363.9M	418.5M	306.6M
Property Plant Equipment	1.1M	3.5M	2.9M	3.1M	3.6M	3.7M
Long Term Debt	52.4M	54.2M	0.0	50.7M	58.3M	34.4M
Long Term Debt Total	55.3M	55.0M	56.3M	1.4M	1.7M	1.6M
Capital Surpluse	10.8M	12.1M	12.8M	18.8M	21.6M	12.7M

Pair Trading with Theratechnologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Theratechnologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Theratechnologies will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Theratechnologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Theratechnologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Theratechnologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Theratechnologies to buy it.

The correlation of Theratechnologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Theratechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Theratechnologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Theratechnologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Theratechnologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Theratechnologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Theratechnologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Theratechnologies Stock:

How To Invest In Theratechnologies

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Is Theratechnologies Stock a good investment?

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What is Theratechnologies' Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Theratechnologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Theratechnologies Stock, please use our How to Invest in Theratechnologies guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Please note, there is a significant difference between Theratechnologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Theratechnologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Theratechnologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Theratechnologies Net Debt vs Asset Turnover Analysis

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

Correlation Coefficient

Net Debt

Asset Turnover

Theratechnologies fundamental ratios Correlations

Theratechnologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Theratechnologies fundamental ratios Accounts

Pair Trading with Theratechnologies

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.95	Cash
Total Current Assets	+ 0.95	Total Liab
Accounts Payable	+ 0.94	Total Assets
Total Current Assets	+ 0.94	Total Assets
Property Plant And Equipment Gross	+ 0.94	Property Plant And Equipment Net
Other Current Liab	+ 0.94	Total Liab

Other Current Liab	- 0.81	Retained Earnings
Other Assets	- 0.79	Total Stockholder Equity
Total Liab	- 0.76	Retained Earnings
Other Assets	- 0.74	Retained Earnings
Retained Earnings	- 0.73	Net Debt
Property Plant And Equipment Gross	- 0.73	Total Stockholder Equity