Thor Average Payables vs Ev To Sales Analysis

THX Stock

CAD 0.30 0.02 7.14%

Thor Explorations financial indicator trend analysis is much more than just breaking down Thor Explorations prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Explorations is a good investment. Please check the relationship between Thor Explorations Average Payables and its Ev To Sales accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Explorations. 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.

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Explorations Average Payables account and Ev To Sales. At this time, the significance of the direction appears to have pay attention.

The correlation between Thor Explorations' Average Payables and Ev To Sales is -0.81. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Thor Explorations, assuming nothing else is changed. The correlation between historical values of Thor Explorations' Average Payables and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Thor Explorations are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Average Payables i.e., Thor Explorations' Average Payables and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Thor Explorations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Explorations 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 Explorations. 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, Thor Explorations' Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	83.8K	14.6M	13.1M	13.8M
Depreciation And Amortization	133.1K	41.2M	38.1M	40.0M

Interest Expense Depreciation And Amortization

Thor Explorations 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	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Net Receivables	Inventory	Other Current Liab	Short Term Investments	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.95	0.97	0.96	0.99	0.89	0.63	0.98	0.5	1.0	0.5	0.92	0.93	-0.33	0.99	0.97	0.91	0.06	0.94	0.73	-0.09	0.78	0.7	0.8	0.87	0.73
Short Long Term Debt Total	0.95		0.94	0.84	0.97	0.97	0.49	0.93	0.35	0.97	0.35	0.84	0.86	-0.3	0.99	0.87	0.93	-0.01	0.87	0.89	-0.06	0.66	0.78	0.75	0.8	0.66
Total Current Liabilities	0.97	0.94		0.92	0.93	0.91	0.75	0.99	0.35	0.97	0.35	0.81	0.93	-0.34	0.97	0.95	0.96	0.01	0.98	0.7	-0.05	0.86	0.57	0.66	0.78	0.58
Total Stockholder Equity	0.96	0.84	0.92		0.93	0.75	0.66	0.93	0.59	0.95	0.59	0.92	0.88	-0.31	0.9	0.97	0.85	0.18	0.94	0.55	-0.12	0.83	0.55	0.8	0.88	0.76
Property Plant And Equipment Net	0.99	0.97	0.93	0.93		0.91	0.5	0.94	0.49	0.99	0.49	0.94	0.9	-0.31	0.98	0.91	0.87	0.09	0.88	0.81	-0.11	0.67	0.8	0.85	0.88	0.78
Net Debt	0.89	0.97	0.91	0.75	0.91		0.49	0.89	0.13	0.91	0.13	0.74	0.83	-0.28	0.94	0.78	0.92	0.0	0.83	0.91	-0.05	0.62	0.72	0.63	0.69	0.55
Retained Earnings	0.63	0.49	0.75	0.66	0.5	0.49		0.76	0.14	0.59	0.14	0.37	0.74	-0.24	0.59	0.75	0.69	-0.14	0.82	0.1	0.05	0.91	-0.03	0.15	0.37	0.11
Accounts Payable	0.98	0.93	0.99	0.93	0.94	0.89	0.76		0.38	0.97	0.38	0.83	0.96	-0.34	0.97	0.96	0.93	0.0	0.98	0.67	-0.05	0.85	0.59	0.67	0.79	0.6
Cash	0.5	0.35	0.35	0.59	0.49	0.13	0.14	0.38		0.47	1.0	0.61	0.32	-0.16	0.42	0.59	0.25	-0.03	0.36	0.13	-0.08	0.33	0.46	0.65	0.67	0.59
Non Current Assets Total	1.0	0.97	0.97	0.95	0.99	0.91	0.59	0.97	0.47		0.47	0.92	0.92	-0.32	0.99	0.94	0.91	0.07	0.93	0.78	-0.1	0.74	0.73	0.81	0.87	0.74
Cash And Short Term Investments	0.5	0.35	0.35	0.59	0.49	0.13	0.14	0.38	1.0	0.47		0.61	0.32	-0.16	0.42	0.59	0.25	-0.03	0.36	0.13	-0.08	0.33	0.46	0.65	0.67	0.59
Common Stock Shares Outstanding	0.92	0.84	0.81	0.92	0.94	0.74	0.37	0.83	0.61	0.92	0.61		0.82	-0.34	0.88	0.85	0.72	0.26	0.79	0.68	-0.16	0.56	0.76	0.92	0.92	0.9
Other Current Assets	0.93	0.86	0.93	0.88	0.9	0.83	0.74	0.96	0.32	0.92	0.32	0.82		-0.33	0.92	0.9	0.81	0.0	0.91	0.61	-0.06	0.74	0.6	0.64	0.77	0.6
Other Stockholder Equity	-0.33	-0.3	-0.34	-0.31	-0.31	-0.28	-0.24	-0.34	-0.16	-0.32	-0.16	-0.34	-0.33		-0.32	-0.34	-0.3	-0.16	-0.36	-0.21	-0.07	-0.29	-0.19	-0.23	-0.31	-0.2
Total Liab	0.99	0.99	0.97	0.9	0.98	0.94	0.59	0.97	0.42	0.99	0.42	0.88	0.92	-0.32		0.93	0.92	-0.01	0.91	0.82	-0.07	0.72	0.76	0.76	0.84	0.68
Total Current Assets	0.97	0.87	0.95	0.97	0.91	0.78	0.75	0.96	0.59	0.94	0.59	0.85	0.9	-0.34	0.93		0.88	0.01	0.96	0.55	-0.06	0.88	0.55	0.72	0.84	0.64
Short Term Debt	0.91	0.93	0.96	0.85	0.87	0.92	0.69	0.93	0.25	0.91	0.25	0.72	0.81	-0.3	0.92	0.88		0.02	0.95	0.73	-0.04	0.86	0.49	0.6	0.7	0.5
Net Receivables	0.06	-0.01	0.01	0.18	0.09	0.0	-0.14	0.0	-0.03	0.07	-0.03	0.26	0.0	-0.16	-0.01	0.01	0.02		0.07	0.01	-0.13	0.01	-0.06	0.3	0.17	0.39
Inventory	0.94	0.87	0.98	0.94	0.88	0.83	0.82	0.98	0.36	0.93	0.36	0.79	0.91	-0.36	0.91	0.96	0.95	0.07		0.57	-0.05	0.93	0.43	0.62	0.75	0.56
Other Current Liab	0.73	0.89	0.7	0.55	0.81	0.91	0.1	0.67	0.13	0.78	0.13	0.68	0.61	-0.21	0.82	0.55	0.73	0.01	0.57		-0.07	0.28	0.86	0.66	0.62	0.58
Short Term Investments	-0.09	-0.06	-0.05	-0.12	-0.11	-0.05	0.05	-0.05	-0.08	-0.1	-0.08	-0.16	-0.06	-0.07	-0.07	-0.06	-0.04	-0.13	-0.05	-0.07		-0.01	-0.13	-0.37	-0.1	-0.4
Non Currrent Assets Other	0.78	0.66	0.86	0.83	0.67	0.62	0.91	0.85	0.33	0.74	0.33	0.56	0.74	-0.29	0.72	0.88	0.86	0.01	0.93	0.28	-0.01		0.12	0.4	0.57	0.33
Non Current Liabilities Total	0.7	0.78	0.57	0.55	0.8	0.72	-0.03	0.59	0.46	0.73	0.46	0.76	0.6	-0.19	0.76	0.55	0.49	-0.06	0.43	0.86	-0.13	0.12		0.78	0.71	0.73
Common Stock	0.8	0.75	0.66	0.8	0.85	0.63	0.15	0.67	0.65	0.81	0.65	0.92	0.64	-0.23	0.76	0.72	0.6	0.3	0.62	0.66	-0.37	0.4	0.78		0.88	0.98
Other Liab	0.87	0.8	0.78	0.88	0.88	0.69	0.37	0.79	0.67	0.87	0.67	0.92	0.77	-0.31	0.84	0.84	0.7	0.17	0.75	0.62	-0.1	0.57	0.71	0.88		0.83
Net Tangible Assets	0.73	0.66	0.58	0.76	0.78	0.55	0.11	0.6	0.59	0.74	0.59	0.9	0.6	-0.2	0.68	0.64	0.5	0.39	0.56	0.58	-0.4	0.33	0.73	0.98	0.83

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Thor Explorations Account Relationship Matchups

Thor Explorations fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.7M	141.5M	263.2M	223.3M	341.7M	358.8M
Total Current Liabilities	1.1M	17.1M	107.4M	78.8M	167.5M	175.9M
Total Stockholder Equity	52.6M	77.9M	75.2M	86.8M	147.9M	155.3M
Property Plant And Equipment Net	46.9M	107.9M	213.7M	166.4M	206.3M	216.6M
Net Debt	(5.3M)	(7.6M)	89.9M	36.9M	62.6M	65.7M
Retained Earnings	(21.0M)	(24.8M)	(26.7M)	5.5M	40.0M	42.0M
Accounts Payable	480.2K	10.4M	44.7M	46.9M	77.4M	81.3M
Cash	5.4M	28.3M	1.6M	6.7M	10.3M	10.9M
Non Current Assets Total	47.0M	108.2M	233.0M	186.0M	265.8M	279.1M
Cash And Short Term Investments	5.4M	28.3M	1.6M	6.7M	10.3M	10.9M
Common Stock Shares Outstanding	376.5M	549.4M	625.4M	650.3M	655.2M	688.0M
Liabilities And Stockholders Equity	53.7M	141.5M	263.2M	223.3M	341.7M	358.8M
Other Current Assets	200.3K	552.7K	5.2M	10.5M	10.1M	10.6M
Other Stockholder Equity	5.4M	6.3M	5.7M	3.4M	1.0	0.95
Total Liab	1.1M	63.6M	188.0M	136.5M	193.7M	203.4M
Total Current Assets	6.7M	33.3M	30.2M	37.3M	75.9M	79.7M
Net Receivables	1.1M	56.7K	294.5K	220.4K	370.2K	209.6K
Accumulated Other Comprehensive Income	559.1K	(769.7K)	(3.7M)	(2.5M)	461.5K	749.1K
Other Current Liab	552.6K	6.1M	65.7M	19.6M	21.2M	22.2M
Non Currrent Assets Other	23.3K	4.0	195.3K	282.8K	59.4M	62.3M
Non Current Liabilities Total	35.4K	46.5M	80.6M	57.7M	26.2M	19.6M
Common Stock	67.6M	97.1M	99.9M	80.4M	107.5M	60.0M
Net Tangible Assets	33.1M	42.8M	52.6M	61.6M	70.9M	35.8M
Other Assets	30.1K	23.3K	38.4K	242.0K	278.2K	292.2K
Property Plant Equipment	35.7M	43.1M	46.9M	91.7M	105.4M	110.7M
Net Invested Capital	52.6M	98.5M	143.5M	114.6M	115.6M	94.4M
Net Working Capital	5.7M	16.2M	(77.2M)	(41.5M)	(69.5M)	(66.0M)
Capital Stock	67.6M	97.1M	99.9M	80.4M	81.5M	87.8M

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