Thor Total Assets vs Selling General Administrative Analysis
THR Stock | 0.75 0.08 9.64% |
Thor Mining financial indicator trend analysis is much more than just breaking down Thor Mining PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Mining PLC is a good investment. Please check the relationship between Thor Mining Total Assets and its Selling General Administrative accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Mining PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Total Assets vs Selling General Administrative
Total Assets vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Mining PLC Total Assets account and Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Thor Mining's Total Assets and Selling General Administrative is -0.09. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Thor Mining PLC, assuming nothing else is changed. The correlation between historical values of Thor Mining's Total Assets and Selling General Administrative 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 Assets of Thor Mining PLC are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Assets i.e., Thor Mining's Total Assets and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Thor Mining 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 Mining PLC 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.Selling General Administrative
Most indicators from Thor Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Mining PLC 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 Mining PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. The current year's Selling General Administrative is expected to grow to about 139.1 K. The current year's Issuance Of Capital Stock is expected to grow to about 1.6 M
Thor Mining fundamental ratios Correlations
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Thor Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thor Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Net Debt | (481K) | (191K) | (773K) | (1.1M) | (778K) | (816.9K) | |
Retained Earnings | (15.5M) | (16.3M) | (18.2M) | (19.4M) | (21.6M) | (20.5M) | |
Non Currrent Assets Other | 87K | (131K) | 671K | 192K | 12.0M | 12.6M | |
Common Stock Total Equity | 64K | 81K | 122K | 162K | 145.8K | 138.5K | |
Common Stock Shares Outstanding | 99.0M | 149.7M | 201.4M | 222.8M | 272.7M | 286.3M | |
Other Current Assets | 19K | 22K | 24K | 40K | 144K | 26.6K | |
Other Stockholder Equity | 25.4M | 24.7M | 24.5M | 34.0M | 28.9M | 19.4M | |
Common Stock | 81K | 122K | 162K | 201K | 4.0M | 4.2M | |
Property Plant And Equipment Net | 11.7M | 12.3M | 10.1M | 12.4M | 42K | 39.9K | |
Property Plant And Equipment Gross | 12.3M | 10.1M | 12.5M | 12.9M | 14.8M | 15.5M | |
Accumulated Other Comprehensive Income | 2.5M | 2.0M | 3.0M | 2.0M | 1.9M | 2.0M | |
Net Tangible Assets | 354K | 2.2M | 2.1M | 1.6M | 1.8M | 1.9M | |
Other Assets | 433K | 1.1M | 68K | 105K | 120.8K | 114.7K | |
Net Receivables | 21K | 36K | 196K | 15K | 9K | 8.6K | |
Property Plant Equipment | 48K | 17K | 62K | 110K | 126.5K | 132.8K | |
Net Invested Capital | 12.6M | 12.3M | 14.4M | 14.3M | 16.4M | 13.7M | |
Net Working Capital | (116K) | 517K | 1.8M | 876K | 1.0M | 692.4K | |
Capital Stock | 122K | 162K | 3.8M | 239K | 274.9K | 261.1K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Thor Stock
Balance Sheet is a snapshot of the financial position of Thor Mining PLC at a specified time, usually calculated after every quarter, six months, or one year. Thor Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Thor Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Thor currently owns. An asset can also be divided into two categories, current and non-current.