Tecnoglass Capital Stock vs Retained Earnings Analysis

TGLS Stock

USD 77.75 0.08 0.10%

Tecnoglass financial indicator trend analysis is much more than just breaking down Tecnoglass prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tecnoglass is a good investment. Please check the relationship between Tecnoglass Capital Stock and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tecnoglass. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Tecnoglass Stock please use our How to Invest in Tecnoglass guide.

Capital Stock vs Retained Earnings

Capital Stock vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tecnoglass Capital Stock account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tecnoglass' Capital Stock and Retained Earnings is 0.79. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Tecnoglass, assuming nothing else is changed. The correlation between historical values of Tecnoglass' Capital Stock and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Tecnoglass are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Capital Stock i.e., Tecnoglass' Capital Stock and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Tecnoglass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tecnoglass 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 Tecnoglass. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Tecnoglass Stock please use our How to Invest in Tecnoglass guide.At this time, Tecnoglass' Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 9.00 in 2024, whereas Selling General Administrative is likely to drop slightly above 33.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	10.7M	8.2M	13.3M	15.2M
Depreciation And Amortization	19.6M	17.9M	21.9M	18.2M

Interest Expense Depreciation And Amortization

Tecnoglass fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Other Liab
Total Assets		0.72	0.88	0.79	0.83	0.34	0.64	0.95	0.84	0.89	0.79	0.83	0.94	0.89	0.69	0.92	0.78	0.94	0.76	0.89	0.93	1.0	-0.13	0.95	0.79	-0.41
Short Long Term Debt Total	0.72		0.61	0.41	0.45	0.84	0.18	0.74	0.49	0.67	0.49	0.48	0.73	0.79	0.19	0.85	0.94	0.76	0.69	0.78	0.91	0.71	0.15	0.81	0.48	-0.34
Total Current Liabilities	0.88	0.61		0.69	0.71	0.22	0.64	0.91	0.71	0.78	0.66	0.71	0.82	0.7	0.67	0.81	0.53	0.71	0.58	0.64	0.83	0.88	0.27	0.81	0.8	-0.06
Total Stockholder Equity	0.79	0.41	0.69		0.98	-0.11	0.95	0.72	0.97	0.95	0.93	0.98	0.73	0.68	0.94	0.67	0.49	0.71	0.54	0.66	0.65	0.79	-0.29	0.71	0.7	-0.45
Net Tangible Assets	0.83	0.45	0.71	0.98		-0.06	0.9	0.78	0.99	0.95	0.93	0.99	0.77	0.73	0.93	0.74	0.54	0.79	0.63	0.75	0.7	0.83	-0.34	0.77	0.73	-0.49
Net Debt	0.34	0.84	0.22	-0.11	-0.06		-0.35	0.39	-0.03	0.18	-0.02	-0.04	0.41	0.45	-0.33	0.53	0.79	0.42	0.45	0.48	0.62	0.33	0.26	0.46	0.04	-0.12
Retained Earnings	0.64	0.18	0.64	0.95	0.9	-0.35		0.58	0.89	0.84	0.83	0.9	0.57	0.47	0.98	0.46	0.22	0.5	0.32	0.41	0.46	0.64	-0.21	0.5	0.66	-0.33
Accounts Payable	0.95	0.74	0.91	0.72	0.78	0.39	0.58		0.77	0.83	0.69	0.76	0.95	0.83	0.65	0.91	0.77	0.88	0.8	0.85	0.95	0.97	-0.02	0.91	0.71	-0.3
Cash	0.84	0.49	0.71	0.97	0.99	-0.03	0.89	0.77		0.96	0.95	1.0	0.75	0.76	0.91	0.75	0.56	0.8	0.65	0.76	0.71	0.83	-0.31	0.78	0.74	-0.54
Non Current Assets Total	0.89	0.67	0.78	0.95	0.95	0.18	0.84	0.83	0.96		0.92	0.96	0.82	0.81	0.84	0.83	0.7	0.83	0.65	0.79	0.84	0.88	-0.16	0.85	0.73	-0.47
Non Currrent Assets Other	0.79	0.49	0.66	0.93	0.93	-0.02	0.83	0.69	0.95	0.92		0.95	0.67	0.78	0.81	0.74	0.54	0.78	0.6	0.75	0.67	0.77	-0.27	0.79	0.71	-0.52
Cash And Short Term Investments	0.83	0.48	0.71	0.98	0.99	-0.04	0.9	0.76	1.0	0.96	0.95		0.75	0.75	0.92	0.74	0.55	0.79	0.63	0.74	0.71	0.83	-0.31	0.77	0.74	-0.54
Net Receivables	0.94	0.73	0.82	0.73	0.77	0.41	0.57	0.95	0.75	0.82	0.67	0.75		0.79	0.63	0.86	0.8	0.9	0.81	0.85	0.92	0.95	-0.12	0.88	0.67	-0.27
Common Stock Total Equity	0.89	0.79	0.7	0.68	0.73	0.45	0.47	0.83	0.76	0.81	0.78	0.75	0.79		0.49	0.9	0.82	0.92	0.81	0.93	0.88	0.88	-0.25	0.95	0.76	-0.61
Retained Earnings Total Equity	0.69	0.19	0.67	0.94	0.93	-0.33	0.98	0.65	0.91	0.84	0.81	0.92	0.63	0.49		0.51	0.26	0.56	0.41	0.49	0.5	0.69	-0.27	0.55	0.68	-0.33
Common Stock Shares Outstanding	0.92	0.85	0.81	0.67	0.74	0.53	0.46	0.91	0.75	0.83	0.74	0.74	0.86	0.9	0.51		0.87	0.93	0.8	0.94	0.96	0.92	-0.01	0.98	0.69	-0.37
Non Current Liabilities Total	0.78	0.94	0.53	0.49	0.54	0.79	0.22	0.77	0.56	0.7	0.54	0.55	0.8	0.82	0.26	0.87		0.86	0.77	0.88	0.91	0.77	-0.13	0.84	0.43	-0.48
Capital Surpluse	0.94	0.76	0.71	0.71	0.79	0.42	0.5	0.88	0.8	0.83	0.78	0.79	0.9	0.92	0.56	0.93	0.86		0.85	0.98	0.9	0.94	-0.28	0.95	0.71	-0.53
Other Current Assets	0.76	0.69	0.58	0.54	0.63	0.45	0.32	0.8	0.65	0.65	0.6	0.63	0.81	0.81	0.41	0.8	0.77	0.85		0.89	0.79	0.78	-0.26	0.8	0.5	-0.51
Other Stockholder Equity	0.89	0.78	0.64	0.66	0.75	0.48	0.41	0.85	0.76	0.79	0.75	0.74	0.85	0.93	0.49	0.94	0.88	0.98	0.89		0.89	0.88	-0.31	0.94	0.64	-0.56
Total Liab	0.93	0.91	0.83	0.65	0.7	0.62	0.46	0.95	0.71	0.84	0.67	0.71	0.92	0.88	0.5	0.96	0.91	0.9	0.79	0.89		0.93	0.04	0.94	0.67	-0.34
Total Current Assets	1.0	0.71	0.88	0.79	0.83	0.33	0.64	0.97	0.83	0.88	0.77	0.83	0.95	0.88	0.69	0.92	0.77	0.94	0.78	0.88	0.93		-0.13	0.94	0.78	-0.39
Short Term Debt	-0.13	0.15	0.27	-0.29	-0.34	0.26	-0.21	-0.02	-0.31	-0.16	-0.27	-0.31	-0.12	-0.25	-0.27	-0.01	-0.13	-0.28	-0.26	-0.31	0.04	-0.13		-0.1	-0.03	0.66
Common Stock	0.95	0.81	0.81	0.71	0.77	0.46	0.5	0.91	0.78	0.85	0.79	0.77	0.88	0.95	0.55	0.98	0.84	0.95	0.8	0.94	0.94	0.94	-0.1		0.76	-0.4
Other Current Liab	0.79	0.48	0.8	0.7	0.73	0.04	0.66	0.71	0.74	0.73	0.71	0.74	0.67	0.76	0.68	0.69	0.43	0.71	0.5	0.64	0.67	0.78	-0.03	0.76		-0.31
Other Liab	-0.41	-0.34	-0.06	-0.45	-0.49	-0.12	-0.33	-0.3	-0.54	-0.47	-0.52	-0.54	-0.27	-0.61	-0.33	-0.37	-0.48	-0.53	-0.51	-0.56	-0.34	-0.39	0.66	-0.4	-0.31

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Tecnoglass Account Relationship Matchups

Tecnoglass fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	569.7M	532.0M	591.6M	734.3M	962.7M	484.5M
Short Long Term Debt Total	259.8M	224.5M	199.1M	169.5M	170.0M	180.9M
Total Current Liabilities	129.0M	91.5M	155.0M	209.8M	235.9M	135.1M
Total Stockholder Equity	186.6M	212.4M	243.9M	348.8M	548.0M	575.4M
Net Tangible Assets	156.3M	183.7M	217.0M	322.6M	370.9M	389.5M
Net Debt	211.9M	157.6M	114.0M	65.8M	40.5M	38.5M
Retained Earnings	16.2M	34.3M	91.0M	234.3M	400.0M	420.0M
Accounts Payable	61.9M	42.3M	68.1M	90.2M	86.7M	54.3M
Cash	47.9M	66.9M	85.0M	103.7M	129.5M	136.0M
Non Current Assets Total	246.8M	245.2M	265.3M	302.2M	427.0M	448.3M
Non Currrent Assets Other	11.8M	16.5M	20.0M	14.6M	26.3M	27.6M
Cash And Short Term Investments	50.2M	69.3M	87.0M	105.7M	138.9M	145.8M
Net Receivables	160.6M	120.0M	131.5M	174.3M	185.7M	132.1M
Retained Earnings Total Equity	16.2M	34.3M	91.0M	234.3M	269.4M	282.9M
Common Stock Shares Outstanding	38.1M	44.5M	46.4M	47.7M	47.5M	36.9M
Liabilities And Stockholders Equity	569.7M	532.0M	591.6M	734.3M	962.7M	484.5M
Non Current Liabilities Total	253.4M	227.5M	191.9M	174.2M	178.8M	165.9M
Capital Surpluse	125.3M	157.6M	208.3M	219.3M	252.2M	136.2M
Other Current Assets	29.3M	13.9M	22.9M	27.1M	16.4M	13.0M
Other Stockholder Equity	125.3M	157.6M	208.3M	219.3M	192.4M	137.5M
Total Liab	382.5M	319.1M	346.9M	384.0M	414.7M	301.1M
Total Current Assets	322.8M	286.8M	326.3M	432.1M	535.8M	272.9M
Accumulated Other Comprehensive Income	(37.9M)	(41.2M)	(66.5M)	(104.7M)	(44.4M)	(46.6M)
Short Term Debt	16.1M	1.8M	10.7M	504K	7.0M	6.7M
Other Current Liab	38.6M	50.0M	31.0M	69.5M	69.6M	38.9M
Other Liab	9.7M	4.8M	3.5M	5.2M	4.7M	4.4M
Property Plant And Equipment Net	154.6M	152.3M	166.6M	202.9M	324.6M	173.1M
Current Deferred Revenue	12.5M	24.7M	45.2M	49.6M	72.5M	76.2M
Noncontrolling Interest In Consolidated Entity	606K	586K	836K	1.5M	1.7M	1.8M
Other Assets	15.9M	16.7M	20.6M	15.2M	17.5M	14.8M
Long Term Debt	243.7M	222.7M	188.4M	169.0M	163.0M	168.1M
Short Term Investments	2.3M	2.4M	2.0M	2.0M	2.9M	2.1M
Inventory	82.7M	80.7M	85.0M	125.0M	159.1M	79.9M
Deferred Long Term Liab	411K	3.2M	3.4M	5.2M	6.0M	6.3M
Property Plant And Equipment Gross	154.6M	152.3M	273.5M	304.7M	471.2M	494.8M
Non Current Liabilities Other	9.3M	1.6M	78K	11K	9.9K	9.4K
Intangible Assets	6.7M	5.1M	3.3M	2.7M	3.5M	5.0M

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