| 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 Total Assets and its Inventory 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.
Total Assets vs Inventory
Total Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thermal Energy Inter Total Assets account and
Inventory. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Thermal Energy's Total Assets and Inventory is 0.88. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory 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 Total Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Thermal Energy International are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., Thermal Energy's Total Assets and Inventory go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Thermal Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Thermal Energy Inter books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Inventory
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 19.14 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
When running Thermal Energy's price analysis, check to
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.