Thermal Short Term Debt vs Cash And Short Term Investments Analysis

TMG Stock

CAD 0.20 0.01 5.26%

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 Short Term Debt 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.

Short Term Debt vs Cash And Short Term Investments

Short Term Debt 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 Short Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Thermal Energy's Short Term Debt and Cash And Short Term Investments is 0.12. Overlapping area represents the amount of variation of Short Term Debt 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 Short Term Debt 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 Short Term Debt 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 Short Term Debt i.e., Thermal Energy's Short Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

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.

	2021	2022	2023	2024 (projected)
Total Revenue	15.9M	21.1M	25.9M	27.2M
Depreciation And Amortization	697.0K	612.9K	704.9K	740.1K

Total Revenue Depreciation And Amortization

Thermal Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Current Deferred Revenue	Inventory	Short Term Investments	Common Stock
Total Assets		0.7	0.79	0.92	0.29	0.74	0.4	-0.67	0.76	0.89	0.54	0.58	0.57	0.5	0.57	0.86	0.07	0.92	0.98	0.69	0.49	-0.25	0.85	0.88	-0.83	-0.69
Short Long Term Debt Total	0.7		0.76	0.75	-0.2	0.82	0.56	-0.58	0.57	0.71	0.06	0.48	0.37	0.33	0.64	0.76	-0.41	0.82	0.77	0.52	0.26	-0.78	0.69	0.81	-0.6	-0.6
Other Current Liab	0.79	0.76		0.89	-0.11	0.65	0.34	-0.53	0.79	0.85	0.12	0.57	0.3	0.3	0.51	0.85	-0.42	0.87	0.85	0.33	0.36	-0.54	0.77	0.82	-0.66	-0.69
Total Current Liabilities	0.92	0.75	0.89		0.03	0.76	0.49	-0.48	0.88	0.9	0.23	0.42	0.4	0.25	0.47	0.94	-0.11	0.94	0.97	0.66	0.26	-0.39	0.87	0.93	-0.77	-0.82
Total Stockholder Equity	0.29	-0.2	-0.11	0.03		-0.27	-0.52	-0.49	0.16	0.1	0.67	0.19	0.39	0.68	-0.27	-0.06	0.54	-0.1	0.15	0.07	0.24	0.4	0.03	-0.09	-0.43	0.04
Property Plant And Equipment Net	0.74	0.82	0.65	0.76	-0.27		0.81	-0.39	0.51	0.72	0.07	0.41	0.38	0.15	0.77	0.79	-0.15	0.88	0.81	0.76	0.17	-0.37	0.63	0.91	-0.52	-0.59
Net Debt	0.4	0.56	0.34	0.49	-0.52	0.81		-0.05	0.2	0.31	-0.08	-0.07	0.22	-0.19	0.63	0.62	-0.1	0.63	0.47	0.67	-0.02	-0.21	0.41	0.71	-0.21	-0.41
Retained Earnings	-0.67	-0.58	-0.53	-0.48	-0.49	-0.39	-0.05		-0.43	-0.5	-0.54	-0.52	-0.61	-0.92	-0.37	-0.43	0.04	-0.51	-0.61	-0.24	-0.48	0.24	-0.49	-0.53	0.8	0.31
Accounts Payable	0.76	0.57	0.79	0.88	0.16	0.51	0.2	-0.43		0.73	0.04	0.29	0.43	0.27	0.14	0.83	-0.06	0.71	0.83	0.52	-0.02	-0.33	0.64	0.76	-0.69	-0.72
Cash	0.89	0.71	0.85	0.9	0.1	0.72	0.31	-0.5	0.73		0.28	0.63	0.2	0.29	0.5	0.8	-0.17	0.88	0.92	0.52	0.39	-0.37	0.77	0.8	-0.76	-0.79
Non Current Assets Total	0.54	0.06	0.12	0.23	0.67	0.07	-0.08	-0.54	0.04	0.28		0.47	0.53	0.62	0.36	0.14	0.46	0.3	0.34	0.26	0.8	0.2	0.47	0.17	-0.4	0.03
Cash And Short Term Investments	0.58	0.48	0.57	0.42	0.19	0.41	-0.07	-0.52	0.29	0.63	0.47		0.39	0.53	0.67	0.32	-0.16	0.56	0.53	0.12	0.68	-0.36	0.51	0.37	-0.3	-0.05
Net Receivables	0.57	0.37	0.3	0.4	0.39	0.38	0.22	-0.61	0.43	0.2	0.53	0.39		0.66	0.46	0.44	0.32	0.45	0.5	0.52	0.29	-0.05	0.43	0.5	-0.35	0.06
Common Stock Shares Outstanding	0.5	0.33	0.3	0.25	0.68	0.15	-0.19	-0.92	0.27	0.29	0.62	0.53	0.66		0.25	0.2	0.11	0.26	0.4	0.1	0.43	-0.06	0.29	0.27	-0.59	0.0
Non Current Liabilities Total	0.57	0.64	0.51	0.47	-0.27	0.77	0.63	-0.37	0.14	0.5	0.36	0.67	0.46	0.25		0.5	-0.15	0.73	0.55	0.46	0.59	-0.35	0.56	0.63	-0.19	-0.11
Other Current Assets	0.86	0.76	0.85	0.94	-0.06	0.79	0.62	-0.43	0.83	0.8	0.14	0.32	0.44	0.2	0.5		-0.17	0.91	0.92	0.67	0.17	-0.37	0.75	0.94	-0.69	-0.76
Other Stockholder Equity	0.07	-0.41	-0.42	-0.11	0.54	-0.15	-0.1	0.04	-0.06	-0.17	0.46	-0.16	0.32	0.11	-0.15	-0.17		-0.15	-0.04	0.45	0.02	0.61	-0.15	-0.11	-0.01	0.16
Total Liab	0.92	0.82	0.87	0.94	-0.1	0.88	0.63	-0.51	0.71	0.88	0.3	0.56	0.45	0.26	0.73	0.91	-0.15		0.95	0.69	0.43	-0.43	0.87	0.95	-0.67	-0.7
Total Current Assets	0.98	0.77	0.85	0.97	0.15	0.81	0.47	-0.61	0.83	0.92	0.34	0.53	0.5	0.4	0.55	0.92	-0.04	0.95		0.7	0.34	-0.33	0.82	0.94	-0.82	-0.76
Short Term Debt	0.69	0.52	0.33	0.66	0.07	0.76	0.67	-0.24	0.52	0.52	0.26	0.12	0.52	0.1	0.46	0.67	0.45	0.69	0.7		0.03	-0.06	0.51	0.75	-0.48	-0.52
Intangible Assets	0.49	0.26	0.36	0.26	0.24	0.17	-0.02	-0.48	-0.02	0.39	0.8	0.68	0.29	0.43	0.59	0.17	0.02	0.43	0.34	0.03		-0.17	0.55	0.2	-0.29	-0.02
Non Currrent Assets Other	-0.25	-0.78	-0.54	-0.39	0.4	-0.37	-0.21	0.24	-0.33	-0.37	0.2	-0.36	-0.05	-0.06	-0.35	-0.37	0.61	-0.43	-0.33	-0.06	-0.17		-0.44	-0.35	0.17	0.32
Current Deferred Revenue	0.85	0.69	0.77	0.87	0.03	0.63	0.41	-0.49	0.64	0.77	0.47	0.51	0.43	0.29	0.56	0.75	-0.15	0.87	0.82	0.51	0.55	-0.44		0.77	-0.62	-0.61
Inventory	0.88	0.81	0.82	0.93	-0.09	0.91	0.71	-0.53	0.76	0.8	0.17	0.37	0.5	0.27	0.63	0.94	-0.11	0.95	0.94	0.75	0.2	-0.35	0.77		-0.72	-0.73
Short Term Investments	-0.83	-0.6	-0.66	-0.77	-0.43	-0.52	-0.21	0.8	-0.69	-0.76	-0.4	-0.3	-0.35	-0.59	-0.19	-0.69	-0.01	-0.67	-0.82	-0.48	-0.29	0.17	-0.62	-0.72		0.79
Common Stock	-0.69	-0.6	-0.69	-0.82	0.04	-0.59	-0.41	0.31	-0.72	-0.79	0.03	-0.05	0.06	0.0	-0.11	-0.76	0.16	-0.7	-0.76	-0.52	-0.02	0.32	-0.61	-0.73	0.79

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Thermal Energy Account Relationship Matchups

Thermal Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.4M	11.5M	9.6M	13.5M	16.8M	17.6M
Short Long Term Debt Total	3.3M	4.8M	5.3M	4.7M	5.4M	5.7M
Other Current Liab	2.5M	1.3M	1.5M	2.5M	2.9M	3.1M
Total Current Liabilities	5.2M	4.8M	4.2M	8.0M	10.7M	11.2M
Total Stockholder Equity	2.1M	3.0M	1.1M	2.0M	3.5M	2.6M
Property Plant And Equipment Net	852.9K	1.8M	1.5M	1.6M	1.8M	1.9M
Net Debt	(1.5M)	572.6K	2.8M	1.9M	1.7M	1.8M
Retained Earnings	(34.7M)	(34.5M)	(36.4M)	(35.7M)	(34.7M)	(36.5M)
Accounts Payable	1.2M	797.5K	663.7K	2.2M	2.4M	2.6M
Cash	4.8M	4.2M	2.5M	2.8M	7.0M	7.3M
Non Current Assets Total	2.4M	3.0M	2.6M	2.5M	2.6M	2.3M
Cash And Short Term Investments	4.8M	4.2M	2.5M	2.8M	3.2M	1.8M
Net Receivables	2.3M	3.1M	3.1M	5.9M	3.3M	2.0M
Common Stock Shares Outstanding	161.3M	165.8M	164.0M	166.2M	172.7M	126.0M
Liabilities And Stockholders Equity	10.4M	11.5M	9.6M	13.5M	15.5M	16.3M
Non Current Liabilities Total	3.2M	3.8M	4.3M	3.6M	2.7M	1.4M
Other Current Assets	166.1K	200.9K	339.1K	617.1K	709.6K	745.1K
Other Stockholder Equity	4.4M	4.5M	4.7M	4.9M	4.4M	4.2M
Total Liab	8.4M	8.6M	8.6M	11.6M	13.4M	14.0M
Total Current Assets	8.1M	8.6M	7.0M	11.0M	14.2M	14.9M
Short Term Debt	375.2K	1.1M	989.7K	1.1M	1.3M	1.4M
Intangible Assets	1.4M	1.0M	1.0M	845.6K	626.6K	893.3K
Non Currrent Assets Other	111.4K	113.4K	18.2K	85.1K	76.6K	72.7K
Current Deferred Revenue	1.2M	1.6M	1.1M	2.1M	2.4M	2.5M
Inventory	855.0K	995.1K	1.1M	1.7M	1.9M	1.9M
Accumulated Other Comprehensive Income	217.3K	529.4K	237.6K	168.5K	151.7K	254.4K
Common Stock	32.1M	32.4M	32.5M	32.5M	29.3M	25.9M
Other Liab	323.6K	64.9K	339.0	164.0	188.6	179.17
Net Tangible Assets	686.9K	2.0M	50.8K	1.1M	1.0M	932.1K
Other Assets	111.4K	113.4K	18.2K	85.1K	76.6K	87.1K
Property Plant Equipment	852.9K	1.8M	1.5M	1.6M	1.8M	1.9M
Net Invested Capital	4.6M	6.3M	5.0M	5.2M	5.8M	5.7M
Net Working Capital	2.9M	3.8M	2.8M	3.0M	3.5M	3.0M
Long Term Debt	2.5M	2.4M	3.1M	2.3M	1.4M	1.9M
Short Long Term Debt	269.9K	851.0K	796.4K	919.1K	921.0K	757.1K
Capital Stock	32.1M	32.4M	32.5M	32.5M	33.2M	35.8M

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