Thermon Capex To Depreciation vs Cash Per Share Analysis

THR Stock

USD 31.56 0.14 0.44%

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

Capex To Depreciation vs Cash Per Share

Capex To Depreciation vs Cash Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermon Group Holdings Capex To Depreciation account and Cash Per Share. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Thermon Group's Capex To Depreciation and Cash Per Share is 0.19. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Thermon Group Holdings, assuming nothing else is changed. The correlation between historical values of Thermon Group's Capex To Depreciation and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Thermon Group Holdings are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Capex To Depreciation i.e., Thermon Group's Capex To Depreciation and Cash Per Share go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Cash Per Share

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

As of 11/29/2024, Selling General Administrative is likely to drop to about 56 K. In addition to that, Tax Provision is likely to drop to about 9.3 M

	2021	2022	2023	2024 (projected)
Interest Expense	5.8M	5.9M	8.8M	7.3M
Depreciation And Amortization	20.2M	19.2M	18.8M	15.8M

Interest Expense Depreciation And Amortization

Thermon Group fundamental ratios Correlations

	Total Assets	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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	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
Total Assets		0.74	0.63	0.77	0.93	0.67	0.9	0.62	0.79	0.85	-0.05	0.98	0.57	0.37	0.6	-0.05	0.93	0.98	-0.53	0.58	0.93	0.69	0.7	0.63	0.76	0.9
Short Long Term Debt Total	0.74		0.32	0.38	0.46	0.42	0.7	0.92	0.43	0.52	-0.33	0.81	0.49	0.45	0.97	-0.33	0.74	0.71	-0.27	0.97	0.63	0.25	0.57	0.8	0.44	0.46
Other Current Liab	0.63	0.32		0.72	0.65	0.61	0.73	0.32	0.75	0.69	-0.07	0.56	0.44	0.11	0.23	-0.07	0.77	0.67	0.05	0.15	0.82	0.87	0.22	0.36	0.76	0.73
Total Current Liabilities	0.77	0.38	0.72		0.78	0.41	0.62	0.35	0.72	0.81	-0.09	0.73	0.66	0.19	0.18	-0.09	0.75	0.79	-0.35	0.15	0.87	0.79	0.47	0.56	0.8	0.76
Total Stockholder Equity	0.93	0.46	0.65	0.78		0.72	0.84	0.31	0.83	0.84	0.17	0.88	0.46	0.13	0.31	0.17	0.84	0.93	-0.58	0.28	0.88	0.78	0.58	0.37	0.74	0.96
Other Liab	0.67	0.42	0.61	0.41	0.72		0.71	0.28	0.65	0.48	0.22	0.61	0.13	-0.11	0.4	0.22	0.69	0.64	-0.33	0.35	0.6	0.51	0.12	0.09	0.41	0.78
Property Plant And Equipment Net	0.9	0.7	0.73	0.62	0.84	0.71		0.65	0.79	0.78	-0.18	0.89	0.57	0.31	0.59	-0.18	0.91	0.93	-0.26	0.56	0.9	0.74	0.61	0.5	0.74	0.8
Net Debt	0.62	0.92	0.32	0.35	0.31	0.28	0.65		0.34	0.41	-0.66	0.7	0.55	0.56	0.9	-0.66	0.67	0.63	-0.03	0.88	0.58	0.24	0.63	0.74	0.41	0.27
Retained Earnings	0.79	0.43	0.75	0.72	0.83	0.65	0.79	0.34		0.75	0.07	0.73	0.71	0.19	0.3	0.07	0.78	0.81	-0.35	0.26	0.82	0.82	0.42	0.36	0.93	0.85
Accounts Payable	0.85	0.52	0.69	0.81	0.84	0.48	0.78	0.41	0.75		0.0	0.82	0.56	0.2	0.37	0.0	0.85	0.87	-0.38	0.35	0.88	0.8	0.55	0.6	0.83	0.83
Cash	-0.05	-0.33	-0.07	-0.09	0.17	0.22	-0.18	-0.66	0.07	0.0		-0.14	-0.35	-0.53	-0.32	1.0	-0.17	-0.12	-0.41	-0.31	-0.14	-0.06	-0.47	-0.3	-0.12	0.27
Non Current Assets Total	0.98	0.81	0.56	0.73	0.88	0.61	0.89	0.7	0.73	0.82	-0.14		0.59	0.35	0.67	-0.14	0.9	0.98	-0.52	0.67	0.91	0.64	0.73	0.65	0.72	0.82
Non Currrent Assets Other	0.57	0.49	0.44	0.66	0.46	0.13	0.57	0.55	0.71	0.56	-0.35	0.59		0.44	0.34	-0.35	0.53	0.62	-0.14	0.33	0.66	0.51	0.46	0.59	0.82	0.4
Other Assets	0.37	0.45	0.11	0.19	0.13	-0.11	0.31	0.56	0.19	0.2	-0.53	0.35	0.44		0.39	-0.53	0.33	0.31	0.01	0.4	0.31	0.11	0.62	0.57	0.32	0.1
Long Term Debt	0.6	0.97	0.23	0.18	0.31	0.4	0.59	0.9	0.3	0.37	-0.32	0.67	0.34	0.39		-0.32	0.63	0.57	-0.16	0.99	0.48	0.1	0.44	0.7	0.29	0.32
Cash And Short Term Investments	-0.05	-0.33	-0.07	-0.09	0.17	0.22	-0.18	-0.66	0.07	0.0	1.0	-0.14	-0.35	-0.53	-0.32		-0.17	-0.12	-0.41	-0.31	-0.14	-0.06	-0.47	-0.3	-0.12	0.27
Net Receivables	0.93	0.74	0.77	0.75	0.84	0.69	0.91	0.67	0.78	0.85	-0.17	0.9	0.53	0.33	0.63	-0.17		0.93	-0.31	0.58	0.92	0.73	0.61	0.67	0.76	0.87
Good Will	0.98	0.71	0.67	0.79	0.93	0.64	0.93	0.63	0.81	0.87	-0.12	0.98	0.62	0.31	0.57	-0.12	0.93		-0.44	0.55	0.96	0.76	0.69	0.59	0.79	0.87
Common Stock Shares Outstanding	-0.53	-0.27	0.05	-0.35	-0.58	-0.33	-0.26	-0.03	-0.35	-0.38	-0.41	-0.52	-0.14	0.01	-0.16	-0.41	-0.31	-0.44		-0.22	-0.29	-0.09	-0.4	-0.19	-0.26	-0.52
Non Current Liabilities Total	0.58	0.97	0.15	0.15	0.28	0.35	0.56	0.88	0.26	0.35	-0.31	0.67	0.33	0.4	0.99	-0.31	0.58	0.55	-0.22		0.44	0.05	0.46	0.7	0.26	0.28
Inventory	0.93	0.63	0.82	0.87	0.88	0.6	0.9	0.58	0.82	0.88	-0.14	0.91	0.66	0.31	0.48	-0.14	0.92	0.96	-0.29	0.44		0.84	0.58	0.62	0.85	0.86
Other Current Assets	0.69	0.25	0.87	0.79	0.78	0.51	0.74	0.24	0.82	0.8	-0.06	0.64	0.51	0.11	0.1	-0.06	0.73	0.76	-0.09	0.05	0.84		0.42	0.28	0.84	0.76
Other Stockholder Equity	0.7	0.57	0.22	0.47	0.58	0.12	0.61	0.63	0.42	0.55	-0.47	0.73	0.46	0.62	0.44	-0.47	0.61	0.69	-0.4	0.46	0.58	0.42		0.5	0.51	0.43
Total Liab	0.63	0.8	0.36	0.56	0.37	0.09	0.5	0.74	0.36	0.6	-0.3	0.65	0.59	0.57	0.7	-0.3	0.67	0.59	-0.19	0.7	0.62	0.28	0.5		0.51	0.41
Property Plant And Equipment Gross	0.76	0.44	0.76	0.8	0.74	0.41	0.74	0.41	0.93	0.83	-0.12	0.72	0.82	0.32	0.29	-0.12	0.76	0.79	-0.26	0.26	0.85	0.84	0.51	0.51		0.74
Total Current Assets	0.9	0.46	0.73	0.76	0.96	0.78	0.8	0.27	0.85	0.83	0.27	0.82	0.4	0.1	0.32	0.27	0.87	0.87	-0.52	0.28	0.86	0.76	0.43	0.41	0.74

Click cells to compare fundamentals

Thermon Group Account Relationship Matchups

Thermon Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	620.9M	617.9M	636.7M	649.6M	767.7M	555.8M
Short Long Term Debt Total	190.7M	161.4M	141.6M	128.3M	187.5M	161.1M
Other Current Liab	24.6M	20.9M	35.0M	47.8M	31.6M	24.7M
Total Current Liabilities	60.6M	52.4M	81.0M	110.1M	109.3M	69.3M
Total Stockholder Equity	346.4M	379.2M	399.2M	419.0M	474.9M	308.1M
Other Liab	35.4M	29.2M	30.9M	26.4M	30.3M	21.2M
Property Plant And Equipment Net	89.2M	85.2M	76.6M	76.9M	81.9M	57.5M
Net Debt	147.4M	121.3M	100.2M	92.6M	138.9M	109.6M
Retained Earnings	182.6M	183.7M	203.5M	237.2M	288.8M	303.2M
Accounts Payable	25.1M	19.7M	33.6M	27.3M	31.4M	22.5M
Cash	43.2M	40.1M	41.4M	35.6M	48.6M	50.1M
Non Current Assets Total	403.0M	411.1M	392.2M	398.7M	493.1M	350.4M
Non Currrent Assets Other	8.0M	6.4M	6.8M	7.5M	12.2M	12.9M
Other Assets	11.3M	9.0M	8.0M	8.2M	9.5M	10.0M
Long Term Debt	169.1M	143.0M	120.4M	87.7M	152.0M	141.6M
Cash And Short Term Investments	43.2M	40.1M	41.4M	35.6M	48.6M	50.1M
Net Receivables	105.2M	94.1M	119.6M	117.0M	125.6M	90.6M
Good Will	198.0M	213.0M	212.8M	219.6M	270.8M	166.9M
Common Stock Shares Outstanding	33.1M	33.3M	33.5M	33.7M	34.1M	29.2M
Liabilities And Stockholders Equity	620.9M	617.9M	636.7M	649.6M	767.7M	555.8M
Non Current Liabilities Total	213.8M	186.3M	156.5M	120.6M	183.6M	183.4M
Inventory	60.3M	63.8M	71.7M	82.1M	86.3M	54.8M
Other Current Assets	9.2M	8.8M	11.8M	16.1M	14.0M	9.4M
Other Stockholder Equity	227.7M	231.3M	234.5M	239.9M	243.3M	185.5M
Total Liab	274.5M	148.5M	237.5M	230.6M	292.9M	230.4M
Property Plant And Equipment Gross	89.2M	85.2M	140.5M	144.3M	155.4M	163.1M
Total Current Assets	217.9M	206.8M	244.4M	250.9M	274.6M	209.4M
Accumulated Other Comprehensive Income	(63.9M)	(35.9M)	(38.9M)	(58.1M)	(57.2M)	(54.4M)
Intangible Assets	104.5M	103.8M	94.9M	94.0M	127.1M	118.9M
Property Plant Equipment	72.5M	85.2M	76.6M	63.3M	72.8M	53.1M
Current Deferred Revenue	4.9M	3.2M	8.0M	8.5M	20.5M	21.6M
Short Term Debt	6.1M	9.5M	11.6M	28.1M	22.9M	12.7M
Net Tangible Assets	43.9M	62.3M	91.5M	105.4M	121.2M	127.3M
Retained Earnings Total Equity	182.6M	183.7M	203.5M	237.2M	272.8M	286.4M
Long Term Debt Total	169.1M	143.0M	120.4M	87.7M	100.9M	138.6M
Capital Surpluse	227.7M	231.3M	234.5M	239.9M	275.8M	241.3M

Pair Trading with Thermon Group

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 Thermon Group 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 Thermon Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thermon Stock

0.66

Hillenbrand

Pair Corr

The ability to find closely correlated positions to Thermon Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermon Group 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 Thermon Group - 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 Thermon Group Holdings to buy it.

The correlation of Thermon Group 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 Thermon Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermon Group Holdings 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 Thermon Group 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

Additional Tools for Thermon Stock Analysis

When running Thermon Group's price analysis, check to measure Thermon Group's 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 Thermon Group is operating at the current time. Most of Thermon Group's value examination focuses on studying past and present price action to predict the probability of Thermon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermon Group's price. Additionally, you may evaluate how the addition of Thermon Group to your portfolios can decrease your overall portfolio volatility.

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