Thermon Historical Balance Sheet

THR Stock

USD 31.56 0.14 0.44%

Trend analysis of Thermon Group Holdings balance sheet accounts such as Total Stockholder Equity of 308.1 M, Other Liab of 21.2 M, Property Plant And Equipment Net of 57.5 M or Net Debt of 109.6 M provides information on Thermon Group's total assets, liabilities, and equity, which is the actual value of Thermon Group Holdings to its prevalent stockholders. By breaking down trends over time using Thermon Group balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Thermon Group Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Thermon Group Holdings is a good buy for the upcoming year.

Thermon Group Inventory

54.85 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thermon Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

About Thermon Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Thermon Group Holdings at a specified time, usually calculated after every quarter, six months, or one year. Thermon Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Thermon Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Thermon currently owns. An asset can also be divided into two categories, current and non-current.

Thermon Group Balance Sheet Chart

At this time, Thermon Group's Common Stock is relatively stable compared to the past year. As of 12/02/2024, Net Tangible Assets is likely to grow to about 127.3 M, while Short and Long Term Debt Total is likely to drop slightly above 161.1 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Total Stockholder Equity Property Plant And Equipment Net

Add Fundamental

Total Assets

Total assets refers to the total amount of Thermon Group 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 Thermon Group Holdings 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.

Total Current Liabilities

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

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most accounts from Thermon Group's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Thermon Group Holdings current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Thermon Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	141.6M	128.3M	187.5M	161.1M
Total Assets	636.7M	649.6M	767.7M	555.8M

Short Long Term Debt Total Total Assets

Thermon Group balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.74	0.63	0.77	0.93	0.67	0.9	0.62	0.79	0.85	-0.05	0.98	0.57	0.37	0.6	-0.05	0.93	0.98	-0.53	0.58	0.93	0.69	0.7	0.63	0.76	0.9
Short Long Term Debt Total	0.74		0.32	0.38	0.46	0.42	0.7	0.92	0.43	0.52	-0.33	0.81	0.49	0.45	0.97	-0.33	0.74	0.71	-0.27	0.97	0.63	0.25	0.57	0.8	0.44	0.46
Other Current Liab	0.63	0.32		0.72	0.65	0.61	0.73	0.32	0.75	0.69	-0.07	0.56	0.44	0.11	0.23	-0.07	0.77	0.67	0.05	0.15	0.82	0.87	0.22	0.36	0.76	0.73
Total Current Liabilities	0.77	0.38	0.72		0.78	0.41	0.62	0.35	0.72	0.81	-0.09	0.73	0.66	0.19	0.18	-0.09	0.75	0.79	-0.35	0.15	0.87	0.79	0.47	0.56	0.8	0.76
Total Stockholder Equity	0.93	0.46	0.65	0.78		0.72	0.84	0.31	0.83	0.84	0.17	0.88	0.46	0.13	0.31	0.17	0.84	0.93	-0.58	0.28	0.88	0.78	0.58	0.37	0.74	0.96
Other Liab	0.67	0.42	0.61	0.41	0.72		0.71	0.28	0.65	0.48	0.22	0.61	0.13	-0.11	0.4	0.22	0.69	0.64	-0.33	0.35	0.6	0.51	0.12	0.09	0.41	0.78
Property Plant And Equipment Net	0.9	0.7	0.73	0.62	0.84	0.71		0.65	0.79	0.78	-0.18	0.89	0.57	0.31	0.59	-0.18	0.91	0.93	-0.26	0.56	0.9	0.74	0.61	0.5	0.74	0.8
Net Debt	0.62	0.92	0.32	0.35	0.31	0.28	0.65		0.34	0.41	-0.66	0.7	0.55	0.56	0.9	-0.66	0.67	0.63	-0.03	0.88	0.58	0.24	0.63	0.74	0.41	0.27
Retained Earnings	0.79	0.43	0.75	0.72	0.83	0.65	0.79	0.34		0.75	0.07	0.73	0.71	0.19	0.3	0.07	0.78	0.81	-0.35	0.26	0.82	0.82	0.42	0.36	0.93	0.85
Accounts Payable	0.85	0.52	0.69	0.81	0.84	0.48	0.78	0.41	0.75		0.0	0.82	0.56	0.2	0.37	0.0	0.85	0.87	-0.38	0.35	0.88	0.8	0.55	0.6	0.83	0.83
Cash	-0.05	-0.33	-0.07	-0.09	0.17	0.22	-0.18	-0.66	0.07	0.0		-0.14	-0.35	-0.53	-0.32	1.0	-0.17	-0.12	-0.41	-0.31	-0.14	-0.06	-0.47	-0.3	-0.12	0.27
Non Current Assets Total	0.98	0.81	0.56	0.73	0.88	0.61	0.89	0.7	0.73	0.82	-0.14		0.59	0.35	0.67	-0.14	0.9	0.98	-0.52	0.67	0.91	0.64	0.73	0.65	0.72	0.82
Non Currrent Assets Other	0.57	0.49	0.44	0.66	0.46	0.13	0.57	0.55	0.71	0.56	-0.35	0.59		0.44	0.34	-0.35	0.53	0.62	-0.14	0.33	0.66	0.51	0.46	0.59	0.82	0.4
Other Assets	0.37	0.45	0.11	0.19	0.13	-0.11	0.31	0.56	0.19	0.2	-0.53	0.35	0.44		0.39	-0.53	0.33	0.31	0.01	0.4	0.31	0.11	0.62	0.57	0.32	0.1
Long Term Debt	0.6	0.97	0.23	0.18	0.31	0.4	0.59	0.9	0.3	0.37	-0.32	0.67	0.34	0.39		-0.32	0.63	0.57	-0.16	0.99	0.48	0.1	0.44	0.7	0.29	0.32
Cash And Short Term Investments	-0.05	-0.33	-0.07	-0.09	0.17	0.22	-0.18	-0.66	0.07	0.0	1.0	-0.14	-0.35	-0.53	-0.32		-0.17	-0.12	-0.41	-0.31	-0.14	-0.06	-0.47	-0.3	-0.12	0.27
Net Receivables	0.93	0.74	0.77	0.75	0.84	0.69	0.91	0.67	0.78	0.85	-0.17	0.9	0.53	0.33	0.63	-0.17		0.93	-0.31	0.58	0.92	0.73	0.61	0.67	0.76	0.87
Good Will	0.98	0.71	0.67	0.79	0.93	0.64	0.93	0.63	0.81	0.87	-0.12	0.98	0.62	0.31	0.57	-0.12	0.93		-0.44	0.55	0.96	0.76	0.69	0.59	0.79	0.87
Common Stock Shares Outstanding	-0.53	-0.27	0.05	-0.35	-0.58	-0.33	-0.26	-0.03	-0.35	-0.38	-0.41	-0.52	-0.14	0.01	-0.16	-0.41	-0.31	-0.44		-0.22	-0.29	-0.09	-0.4	-0.19	-0.26	-0.52
Non Current Liabilities Total	0.58	0.97	0.15	0.15	0.28	0.35	0.56	0.88	0.26	0.35	-0.31	0.67	0.33	0.4	0.99	-0.31	0.58	0.55	-0.22		0.44	0.05	0.46	0.7	0.26	0.28
Inventory	0.93	0.63	0.82	0.87	0.88	0.6	0.9	0.58	0.82	0.88	-0.14	0.91	0.66	0.31	0.48	-0.14	0.92	0.96	-0.29	0.44		0.84	0.58	0.62	0.85	0.86
Other Current Assets	0.69	0.25	0.87	0.79	0.78	0.51	0.74	0.24	0.82	0.8	-0.06	0.64	0.51	0.11	0.1	-0.06	0.73	0.76	-0.09	0.05	0.84		0.42	0.28	0.84	0.76
Other Stockholder Equity	0.7	0.57	0.22	0.47	0.58	0.12	0.61	0.63	0.42	0.55	-0.47	0.73	0.46	0.62	0.44	-0.47	0.61	0.69	-0.4	0.46	0.58	0.42		0.5	0.51	0.43
Total Liab	0.63	0.8	0.36	0.56	0.37	0.09	0.5	0.74	0.36	0.6	-0.3	0.65	0.59	0.57	0.7	-0.3	0.67	0.59	-0.19	0.7	0.62	0.28	0.5		0.51	0.41
Property Plant And Equipment Gross	0.76	0.44	0.76	0.8	0.74	0.41	0.74	0.41	0.93	0.83	-0.12	0.72	0.82	0.32	0.29	-0.12	0.76	0.79	-0.26	0.26	0.85	0.84	0.51	0.51		0.74
Total Current Assets	0.9	0.46	0.73	0.76	0.96	0.78	0.8	0.27	0.85	0.83	0.27	0.82	0.4	0.1	0.32	0.27	0.87	0.87	-0.52	0.28	0.86	0.76	0.43	0.41	0.74

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Thermon Group Account Relationship Matchups

Thermon Group balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	620.9M	617.9M	636.7M	649.6M	767.7M	555.8M
Short Long Term Debt Total	190.7M	161.4M	141.6M	128.3M	187.5M	161.1M
Other Current Liab	24.6M	20.9M	35.0M	47.8M	31.6M	24.7M
Total Current Liabilities	60.6M	52.4M	81.0M	110.1M	109.3M	69.3M
Total Stockholder Equity	346.4M	379.2M	399.2M	419.0M	474.9M	308.1M
Other Liab	35.4M	29.2M	30.9M	26.4M	30.3M	21.2M
Property Plant And Equipment Net	89.2M	85.2M	76.6M	76.9M	81.9M	57.5M
Net Debt	147.4M	121.3M	100.2M	92.6M	138.9M	109.6M
Retained Earnings	182.6M	183.7M	203.5M	237.2M	288.8M	303.2M
Accounts Payable	25.1M	19.7M	33.6M	27.3M	31.4M	22.5M
Cash	43.2M	40.1M	41.4M	35.6M	48.6M	50.1M
Non Current Assets Total	403.0M	411.1M	392.2M	398.7M	493.1M	350.4M
Non Currrent Assets Other	8.0M	6.4M	6.8M	7.5M	12.2M	12.9M
Other Assets	11.3M	9.0M	8.0M	8.2M	9.5M	10.0M
Long Term Debt	169.1M	143.0M	120.4M	87.7M	152.0M	141.6M
Cash And Short Term Investments	43.2M	40.1M	41.4M	35.6M	48.6M	50.1M
Net Receivables	105.2M	94.1M	119.6M	117.0M	125.6M	90.6M
Good Will	198.0M	213.0M	212.8M	219.6M	270.8M	166.9M
Common Stock Shares Outstanding	33.1M	33.3M	33.5M	33.7M	34.1M	29.2M
Liabilities And Stockholders Equity	620.9M	617.9M	636.7M	649.6M	767.7M	555.8M
Non Current Liabilities Total	213.8M	186.3M	156.5M	120.6M	183.6M	183.4M
Inventory	60.3M	63.8M	71.7M	82.1M	86.3M	54.8M
Other Current Assets	9.2M	8.8M	11.8M	16.1M	14.0M	9.4M
Other Stockholder Equity	227.7M	231.3M	234.5M	239.9M	243.3M	185.5M
Total Liab	274.5M	148.5M	237.5M	230.6M	292.9M	230.4M
Property Plant And Equipment Gross	89.2M	85.2M	140.5M	144.3M	155.4M	163.1M
Total Current Assets	217.9M	206.8M	244.4M	250.9M	274.6M	209.4M
Accumulated Other Comprehensive Income	(63.9M)	(35.9M)	(38.9M)	(58.1M)	(57.2M)	(54.4M)
Intangible Assets	104.5M	103.8M	94.9M	94.0M	127.1M	118.9M
Property Plant Equipment	72.5M	85.2M	76.6M	63.3M	72.8M	53.1M
Current Deferred Revenue	4.9M	3.2M	8.0M	8.5M	20.5M	21.6M
Short Term Debt	6.1M	9.5M	11.6M	28.1M	22.9M	12.7M
Net Tangible Assets	43.9M	62.3M	91.5M	105.4M	121.2M	127.3M
Retained Earnings Total Equity	182.6M	183.7M	203.5M	237.2M	272.8M	286.4M
Long Term Debt Total	169.1M	143.0M	120.4M	87.7M	100.9M	138.6M
Capital Surpluse	227.7M	231.3M	234.5M	239.9M	275.8M	241.3M

Pair Trading with Thermon Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thermon Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thermon Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thermon Stock

0.67

Hillenbrand

Pair Corr

Moving against Thermon Stock

0.51

CYD

China Yuchai Interna

Pair Corr

The ability to find closely correlated positions to Thermon Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermon Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thermon Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thermon Group Holdings to buy it.

The correlation of Thermon Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thermon Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermon Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Thermon Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Thermon Stock Analysis

When running Thermon Group's price analysis, check to measure Thermon Group'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 Thermon Group is operating at the current time. Most of Thermon Group's value examination focuses on studying past and present price action to predict the probability of Thermon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermon Group's price. Additionally, you may evaluate how the addition of Thermon Group to your portfolios can decrease your overall portfolio volatility.

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Thermon Historical Balance Sheet

Thermon Group Inventory

54.85 Million

About Thermon Balance Sheet Analysis

Thermon Group Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Property Plant And Equipment Net

Thermon Group balance sheet Correlations

Thermon Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thermon Group balance sheet Accounts

Pair Trading with Thermon Group

Moving together with Thermon Stock

Moving against Thermon Stock

Additional Tools for Thermon Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Long Term Debt
Non Current Assets Total	+ 0.98	Total Assets
Good Will	+ 0.98	Total Assets
Good Will	+ 0.98	Non Current Assets Total
Long Term Debt	+ 0.97	Short Long Term Debt Total

Cash And Short Term Investments	- 0.66	Net Debt
Cash	- 0.66	Net Debt
Common Stock Shares Outstanding	- 0.58	Total Stockholder Equity
Cash And Short Term Investments	- 0.53	Other Assets
Other Assets	- 0.53	Cash
Common Stock Shares Outstanding	- 0.53	Total Assets