| 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 Short Term Investments and its Non Current Liabilities Total 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 And Short Term Investments vs Non Current Liabilities Total
Cash And Short Term Investments vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thermal Energy Inter Cash And Short Term Investments account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Thermal Energy's Cash And Short Term Investments and Non Current Liabilities Total is 0.67. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Liabilities Total 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 Short Term Investments and Non Current Liabilities Total 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 And Short Term Investments of Thermal Energy International are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash And Short Term Investments i.e., Thermal Energy's Cash And Short Term Investments and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.
Non Current Liabilities Total
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
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