Therma Cash vs Total Current Liabilities Analysis

THRM Stock

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

Cash vs Total Current Liabilities

Cash vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Therma Bright Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Therma Bright's Cash and Total Current Liabilities is -0.27. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Therma Bright, assuming nothing else is changed. The correlation between historical values of Therma Bright's Cash and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Therma Bright are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Therma Bright's Cash and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of Therma Bright, which is listed under current asset account on Therma Bright balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Therma Bright customers. The amounts must be unrestricted with restricted cash listed in a different Therma Bright account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Current Liabilities

Total Current Liabilities is an item on Therma Bright balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Therma Bright 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.

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

Selling General Administrative is likely to climb to about 3.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Therma Bright fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Non Currrent Assets Other	Non Current Liabilities Total	Inventory	Short Term Debt	Intangible Assets	Other Current Liab	Common Stock	Net Tangible Assets	Long Term Debt
Total Assets		-0.2	0.66	0.96	-0.67	-0.81	0.15	0.72	0.67	0.72	0.61	0.81	0.86	0.85	-0.27	0.8	-0.47	0.48	-0.66	0.82	-0.41	0.62	0.7	0.86	0.92	-0.71
Total Current Liabilities	-0.2		-0.87	-0.13	0.82	0.01	0.69	-0.27	0.01	-0.27	-0.28	-0.23	-0.28	-0.06	0.99	-0.27	0.9	-0.39	0.59	-0.26	0.92	-0.04	0.32	-0.24	-0.18	0.44
Total Stockholder Equity	0.66	-0.87		0.59	-0.97	-0.41	-0.46	0.59	0.32	0.59	0.53	0.58	0.66	0.47	-0.9	0.62	-0.93	0.57	-0.82	0.62	-0.9	0.34	0.11	0.62	0.6	-0.71
Property Plant And Equipment Net	0.96	-0.13	0.59		-0.59	-0.84	0.21	0.63	0.71	0.63	0.5	0.8	0.81	0.85	-0.21	0.71	-0.42	0.44	-0.59	0.83	-0.37	0.67	0.76	0.9	0.9	-0.65
Net Debt	-0.67	0.82	-0.97	-0.59		0.42	0.31	-0.67	-0.25	-0.67	-0.61	-0.56	-0.64	-0.5	0.85	-0.69	0.92	-0.53	0.78	-0.58	0.9	-0.25	-0.04	-0.62	-0.58	0.71
Retained Earnings	-0.81	0.01	-0.41	-0.84	0.42		-0.34	-0.38	-0.76	-0.38	-0.43	-0.93	-0.51	-0.9	0.07	-0.47	0.33	-0.02	0.46	-0.61	0.3	-0.62	-0.68	-0.88	-0.91	0.76
Accounts Payable	0.15	0.69	-0.46	0.21	0.31	-0.34		-0.03	0.25	-0.03	-0.02	0.13	0.0	0.4	0.67	0.0	0.37	-0.25	0.27	0.08	0.39	0.17	0.18	0.19	0.17	0.06
Cash	0.72	-0.27	0.59	0.63	-0.67	-0.38	-0.03		-0.03	1.0	0.85	0.34	0.59	0.36	-0.29	0.99	-0.32	0.35	-0.41	0.46	-0.28	-0.07	0.39	0.5	0.44	-0.45
Non Current Assets Total	0.67	0.01	0.32	0.71	-0.25	-0.76	0.25	-0.03		-0.03	-0.04	0.82	0.61	0.85	-0.08	0.09	-0.34	0.34	-0.52	0.69	-0.3	0.97	0.58	0.71	0.86	-0.55
Cash And Short Term Investments	0.72	-0.27	0.59	0.63	-0.67	-0.38	-0.03	1.0	-0.03		0.85	0.34	0.59	0.36	-0.29	0.99	-0.32	0.35	-0.41	0.46	-0.28	-0.07	0.39	0.5	0.44	-0.45
Net Receivables	0.61	-0.28	0.53	0.5	-0.61	-0.43	-0.02	0.85	-0.04	0.85		0.41	0.43	0.41	-0.29	0.85	-0.33	0.07	-0.34	0.35	-0.31	-0.15	0.26	0.43	0.41	-0.51
Common Stock Shares Outstanding	0.81	-0.23	0.58	0.8	-0.56	-0.93	0.13	0.34	0.82	0.34	0.41		0.55	0.92	-0.31	0.43	-0.54	0.16	-0.65	0.6	-0.49	0.7	0.58	0.86	0.95	-0.87
Other Current Assets	0.86	-0.28	0.66	0.81	-0.64	-0.51	0.0	0.59	0.61	0.59	0.43	0.55		0.68	-0.35	0.66	-0.5	0.8	-0.69	0.93	-0.44	0.65	0.49	0.67	0.74	-0.48
Other Stockholder Equity	0.85	-0.06	0.47	0.85	-0.5	-0.9	0.4	0.36	0.85	0.36	0.41	0.92	0.68		-0.15	0.46	-0.45	0.27	-0.62	0.71	-0.4	0.76	0.56	0.84	0.95	-0.76
Total Liab	-0.27	0.99	-0.9	-0.21	0.85	0.07	0.67	-0.29	-0.08	-0.29	-0.29	-0.31	-0.35	-0.15		-0.3	0.93	-0.46	0.68	-0.32	0.93	-0.13	0.25	-0.31	-0.27	0.52
Total Current Assets	0.8	-0.27	0.62	0.71	-0.69	-0.47	0.0	0.99	0.09	0.99	0.85	0.43	0.66	0.46	-0.3		-0.35	0.37	-0.47	0.54	-0.31	0.04	0.46	0.57	0.54	-0.51
Short Long Term Debt Total	-0.47	0.9	-0.93	-0.42	0.92	0.33	0.37	-0.32	-0.34	-0.32	-0.33	-0.54	-0.5	-0.45	0.93	-0.35		-0.49	0.78	-0.5	0.99	-0.36	0.15	-0.52	-0.51	0.67
Non Currrent Assets Other	0.48	-0.39	0.57	0.44	-0.53	-0.02	-0.25	0.35	0.34	0.35	0.07	0.16	0.8	0.27	-0.46	0.37	-0.49		-0.7	0.66	-0.43	0.5	0.15	0.31	0.36	-0.25
Non Current Liabilities Total	-0.66	0.59	-0.82	-0.59	0.78	0.46	0.27	-0.41	-0.52	-0.41	-0.34	-0.65	-0.69	-0.62	0.68	-0.47	0.78	-0.7		-0.64	0.7	-0.56	-0.22	-0.65	-0.71	0.84
Inventory	0.82	-0.26	0.62	0.83	-0.58	-0.61	0.08	0.46	0.69	0.46	0.35	0.6	0.93	0.71	-0.32	0.54	-0.5	0.66	-0.64		-0.45	0.7	0.5	0.8	0.77	-0.49
Short Term Debt	-0.41	0.92	-0.9	-0.37	0.9	0.3	0.39	-0.28	-0.3	-0.28	-0.31	-0.49	-0.44	-0.4	0.93	-0.31	0.99	-0.43	0.7	-0.45		-0.31	0.21	-0.48	-0.45	0.61
Intangible Assets	0.62	-0.04	0.34	0.67	-0.25	-0.62	0.17	-0.07	0.97	-0.07	-0.15	0.7	0.65	0.76	-0.13	0.04	-0.36	0.5	-0.56	0.7	-0.31		0.53	0.64	0.78	-0.46
Other Current Liab	0.7	0.32	0.11	0.76	-0.04	-0.68	0.18	0.39	0.58	0.39	0.26	0.58	0.49	0.56	0.25	0.46	0.15	0.15	-0.22	0.5	0.21	0.53		0.6	0.66	-0.36
Common Stock	0.86	-0.24	0.62	0.9	-0.62	-0.88	0.19	0.5	0.71	0.5	0.43	0.86	0.67	0.84	-0.31	0.57	-0.52	0.31	-0.65	0.8	-0.48	0.64	0.6		0.9	-0.78
Net Tangible Assets	0.92	-0.18	0.6	0.9	-0.58	-0.91	0.17	0.44	0.86	0.44	0.41	0.95	0.74	0.95	-0.27	0.54	-0.51	0.36	-0.71	0.77	-0.45	0.78	0.66	0.9		-0.83
Long Term Debt	-0.71	0.44	-0.71	-0.65	0.71	0.76	0.06	-0.45	-0.55	-0.45	-0.51	-0.87	-0.48	-0.76	0.52	-0.51	0.67	-0.25	0.84	-0.49	0.61	-0.46	-0.36	-0.78	-0.83

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Therma Bright Account Relationship Matchups

Therma Bright fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1M	2.2M	4.0M	2.2M	2.5M	2.7M
Total Current Liabilities	884.3K	887.1K	1.2M	2.1M	2.5M	2.2M
Total Stockholder Equity	224.0K	1.3M	2.7M	44.8K	51.5K	54.1K
Property Plant And Equipment Net	2.0K	83.2K	106.7K	75.0K	86.3K	71.0K
Net Debt	(965.8K)	(1.7M)	(3.0M)	(91.8K)	(82.7K)	(78.5K)
Retained Earnings	(17.5M)	(26.1M)	(32.0M)	(35.8M)	(32.2M)	(30.6M)
Accounts Payable	814.4K	887.1K	1.1M	1.4M	1.6M	1.0M
Cash	1.1M	1.8M	3.1M	182.2K	209.6K	199.1K
Non Current Assets Total	46.8K	288.8K	416.8K	1.8M	2.0M	2.1M
Cash And Short Term Investments	1.1M	1.8M	3.1M	182.2K	209.6K	199.1K
Common Stock Shares Outstanding	163.8M	200.0M	228.5M	242.8M	279.3M	293.2M
Liabilities And Stockholders Equity	1.1M	2.2M	4.0M	2.2M	2.5M	2.7M
Other Current Assets	22.5K	26K	78.2K	54.0K	48.6K	50.8K
Other Stockholder Equity	5.6M	5.6M	8.5M	13.9M	16.0M	16.8M
Total Liab	924.3K	927.1K	1.3M	2.2M	1.9M	1.9M
Total Current Assets	1.1M	2.0M	3.6M	445.9K	512.8K	564.0K
Short Long Term Debt Total	95.9K	40K	110.6K	90.4K	81.3K	77.3K
Non Currrent Assets Other	49.5K	49.8K	204.9K	224.9K	202.4K	212.6K
Short Term Debt	7.0K	55.9K	20.2K	65.0K	58.5K	55.6K
Intangible Assets	44.8K	205.7K	105.2K	623.7K	717.2K	753.1K
Accumulated Other Comprehensive Income	5.6M	8.5M	13.9M	14.0M	16.1M	16.9M
Common Stock	12.1M	18.9M	20.9M	21.8M	25.1M	13.7M
Net Tangible Assets	(333.7K)	179.2K	1.1M	2.6M	3.0M	3.2M
Short Long Term Debt	8.5K	7.0K	55.9K	40K	46K	35.5K
Net Invested Capital	319.9K	1.4M	2.8M	84.8K	97.5K	92.6K
Net Working Capital	217.2K	1.1M	2.4M	(1.7M)	(1.9M)	(1.9M)
Capital Stock	12.1M	18.9M	20.9M	21.8M	25.1M	17.5M

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