| TMG Stock | | | CAD 0.20 0.01 4.76% |
Thermal Energy financial indicator trend analysis is much more than just breaking down Thermal Energy Inter prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thermal Energy Inter is a good investment. Please check the relationship between Thermal Energy Cash and its Cash And Short Term Investments accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Thermal Energy International. 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.
Cash vs Cash And Short Term Investments
Cash vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thermal Energy Inter Cash account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Thermal Energy's Cash and Cash And Short Term Investments is 0.63. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Thermal Energy International, assuming nothing else is changed. The correlation between historical values of Thermal Energy's Cash and Cash And Short Term Investments 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 Thermal Energy International are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Thermal Energy's Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.63 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Thermal Energy Inter, which is listed under current asset account on Thermal Energy International balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Thermal Energy customers. The amounts must be unrestricted with restricted cash listed in a different Thermal Energy 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Thermal Energy Inter balance sheet. This account contains Thermal Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Thermal Energy International fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Thermal Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thermal Energy Inter 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 Thermal Energy International. 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, Thermal Energy's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 19.11 in 2024, whereas
Selling General Administrative is likely to drop slightly above 5.6
M in 2024.
Thermal Energy fundamental ratios Correlations
Click cells to compare fundamentals
Thermal Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thermal Energy fundamental ratios Accounts
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Additional Tools for Thermal Stock Analysis
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measure Thermal Energy'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 Thermal Energy is operating at the current time. Most of Thermal Energy's value examination focuses on studying past and present price action to
predict the probability of Thermal Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermal Energy's price. Additionally, you may evaluate how the addition of Thermal Energy to your portfolios can decrease your overall portfolio volatility.