TechPrecision Net Debt vs Asset Turnover Analysis

TPCS Stock

USD 3.30 0.10 3.12%

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

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

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TechPrecision Common Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between TechPrecision Common's Net Debt and Asset Turnover is -0.19. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of TechPrecision Common, assuming nothing else is changed. The correlation between historical values of TechPrecision Common's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of TechPrecision Common are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., TechPrecision Common's Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

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

For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.Tax Provision is likely to gain to about 2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	269.4K	355.6K	521.1K	495.1K
Depreciation And Amortization	1.5M	2.2M	2.4M	2.6M

Interest Expense Depreciation And Amortization

TechPrecision Common fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets	Long Term Debt
Total Assets		0.88	0.62	0.61	0.71	0.87	0.58	0.75	0.1	0.6	-0.29	0.88	0.31	-0.29	0.93	0.52	0.73	0.73	0.24	0.8	0.74	0.87	0.43	-0.3	0.49	0.1
Short Long Term Debt Total	0.88		0.52	0.62	0.41	0.83	0.58	0.88	-0.14	0.57	-0.42	0.82	0.25	-0.42	0.76	0.28	0.78	0.62	0.13	0.67	0.77	0.67	0.5	-0.44	0.36	0.34
Other Current Liab	0.62	0.52		0.92	0.2	0.77	0.83	0.7	-0.35	0.64	-0.55	0.69	0.41	-0.55	0.65	0.2	0.58	0.65	0.21	0.38	0.86	0.64	0.74	-0.42	0.23	-0.23
Total Current Liabilities	0.61	0.62	0.92		0.11	0.8	0.82	0.8	-0.45	0.65	-0.58	0.71	0.19	-0.58	0.64	0.12	0.59	0.69	0.06	0.35	0.92	0.6	0.93	-0.55	0.22	-0.23
Total Stockholder Equity	0.71	0.41	0.2	0.11		0.52	0.1	0.29	0.63	0.28	0.18	0.6	0.16	0.18	0.67	0.53	0.4	0.5	0.4	0.59	0.27	0.76	-0.02	0.09	0.52	0.0
Property Plant And Equipment Net	0.87	0.83	0.77	0.8	0.52		0.85	0.93	-0.26	0.54	-0.55	0.99	0.17	-0.55	0.77	0.5	0.9	0.88	0.07	0.74	0.95	0.72	0.64	-0.48	0.6	0.1
Current Deferred Revenue	0.58	0.58	0.83	0.82	0.1	0.85		0.84	-0.63	0.31	-0.75	0.79	0.17	-0.75	0.48	0.39	0.84	0.82	-0.07	0.54	0.93	0.42	0.68	-0.6	0.54	0.11
Net Debt	0.75	0.88	0.7	0.8	0.29	0.93	0.84		-0.41	0.49	-0.69	0.9	0.14	-0.69	0.65	0.27	0.89	0.82	0.02	0.6	0.94	0.58	0.69	-0.6	0.48	0.27
Retained Earnings	0.1	-0.14	-0.35	-0.45	0.63	-0.26	-0.63	-0.41		0.04	0.7	-0.2	0.22	0.7	0.16	-0.12	-0.35	-0.29	0.6	-0.14	-0.45	0.38	-0.45	0.35	-0.17	-0.04
Accounts Payable	0.6	0.57	0.64	0.65	0.28	0.54	0.31	0.49	0.04		-0.2	0.49	0.31	-0.2	0.71	-0.01	0.22	0.23	0.18	0.27	0.52	0.63	0.48	-0.11	-0.21	-0.38
Cash	-0.29	-0.42	-0.55	-0.58	0.18	-0.55	-0.75	-0.69	0.7	-0.2		-0.5	0.12	1.0	-0.31	-0.16	-0.56	-0.64	0.36	-0.39	-0.64	-0.07	-0.47	0.52	-0.27	-0.1
Non Current Assets Total	0.88	0.82	0.69	0.71	0.6	0.99	0.79	0.9	-0.2	0.49	-0.5		0.14	-0.5	0.76	0.59	0.91	0.88	0.04	0.81	0.89	0.7	0.54	-0.39	0.69	0.13
Non Currrent Assets Other	0.31	0.25	0.41	0.19	0.16	0.17	0.17	0.14	0.22	0.31	0.12	0.14		0.12	0.28	-0.15	0.2	-0.05	0.68	-0.05	0.22	0.47	0.0	-0.15	-0.19	0.2
Cash And Short Term Investments	-0.29	-0.42	-0.55	-0.58	0.18	-0.55	-0.75	-0.69	0.7	-0.2	1.0	-0.5	0.12		-0.31	-0.16	-0.56	-0.64	0.36	-0.39	-0.64	-0.07	-0.47	0.52	-0.27	-0.1
Net Receivables	0.93	0.76	0.65	0.64	0.67	0.77	0.48	0.65	0.16	0.71	-0.31	0.76	0.28	-0.31		0.39	0.53	0.66	0.18	0.69	0.66	0.88	0.48	-0.3	0.32	-0.15
Common Stock Shares Outstanding	0.52	0.28	0.2	0.12	0.53	0.5	0.39	0.27	-0.12	-0.01	-0.16	0.59	-0.15	-0.16	0.39		0.48	0.59	-0.32	0.88	0.31	0.21	-0.03	0.23	0.79	-0.09
Non Current Liabilities Total	0.73	0.78	0.58	0.59	0.4	0.9	0.84	0.89	-0.35	0.22	-0.56	0.91	0.2	-0.56	0.53	0.48		0.82	0.07	0.69	0.86	0.51	0.43	-0.55	0.71	0.47
Inventory	0.73	0.62	0.65	0.69	0.5	0.88	0.82	0.82	-0.29	0.23	-0.64	0.88	-0.05	-0.64	0.66	0.59	0.82		-0.06	0.74	0.84	0.58	0.6	-0.45	0.76	0.05
Other Current Assets	0.24	0.13	0.21	0.06	0.4	0.07	-0.07	0.02	0.6	0.18	0.36	0.04	0.68	0.36	0.18	-0.32	0.07	-0.06		-0.24	0.07	0.59	-0.02	-0.1	-0.23	0.23
Other Stockholder Equity	0.8	0.67	0.38	0.35	0.59	0.74	0.54	0.6	-0.14	0.27	-0.39	0.81	-0.05	-0.39	0.69	0.88	0.69	0.74	-0.24		0.56	0.46	0.18	-0.03	0.74	0.08
Total Liab	0.74	0.77	0.86	0.92	0.27	0.95	0.93	0.94	-0.45	0.52	-0.64	0.89	0.22	-0.64	0.66	0.31	0.86	0.84	0.07	0.56		0.63	0.8	-0.62	0.48	0.08
Total Current Assets	0.87	0.67	0.64	0.6	0.76	0.72	0.42	0.58	0.38	0.63	-0.07	0.7	0.47	-0.07	0.88	0.21	0.51	0.58	0.59	0.46	0.63		0.46	-0.32	0.25	-0.04
Short Term Debt	0.43	0.5	0.74	0.93	-0.02	0.64	0.68	0.69	-0.45	0.48	-0.47	0.54	0.0	-0.47	0.48	-0.03	0.43	0.6	-0.02	0.18	0.8	0.46		-0.58	0.15	-0.26
Common Stock	-0.3	-0.44	-0.42	-0.55	0.09	-0.48	-0.6	-0.6	0.35	-0.11	0.52	-0.39	-0.15	0.52	-0.3	0.23	-0.55	-0.45	-0.1	-0.03	-0.62	-0.32	-0.58		-0.13	-0.33
Other Assets	0.49	0.36	0.23	0.22	0.52	0.6	0.54	0.48	-0.17	-0.21	-0.27	0.69	-0.19	-0.27	0.32	0.79	0.71	0.76	-0.23	0.74	0.48	0.25	0.15	-0.13		0.24
Long Term Debt	0.1	0.34	-0.23	-0.23	0.0	0.1	0.11	0.27	-0.04	-0.38	-0.1	0.13	0.2	-0.1	-0.15	-0.09	0.47	0.05	0.23	0.08	0.08	-0.04	-0.26	-0.33	0.24

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TechPrecision Common Account Relationship Matchups

TechPrecision Common fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.6M	16.0M	37.9M	36.2M	37.6M	21.5M
Short Long Term Debt Total	2.6M	3.8M	13.7M	11.8M	12.7M	7.3M
Other Current Liab	1.6M	1.5M	3.4M	2.5M	4.3M	4.5M
Total Current Liabilities	2.7M	4.7M	13.3M	9.0M	17.8M	18.6M
Total Stockholder Equity	9.5M	9.9M	15.3M	14.6M	7.8M	8.7M
Property Plant And Equipment Net	4.2M	4.1M	19.5M	19.6M	19.8M	20.8M
Current Deferred Revenue	805.0K	218.2K	1.8M	2.3M	3.8M	4.0M
Net Debt	1.6M	1.7M	12.6M	11.3M	12.6M	13.2M
Retained Earnings	651.8K	972.4K	622.6K	(356.4K)	(7.4M)	(7.0M)
Accounts Payable	185.1K	500.8K	3.4M	2.2M	1.4M	1.4M
Cash	930.9K	2.1M	1.1M	534.5K	138.4K	131.5K
Non Current Assets Total	6.3M	6.1M	21.8M	21.6M	19.9M	20.9M
Non Currrent Assets Other	6.2K	32.6K	84.6K	121.3K	109.1K	82.5K
Cash And Short Term Investments	930.9K	2.1M	1.1M	534.5K	138.4K	131.5K
Net Receivables	5.5M	6.1M	11.4M	11.3M	10.9M	6.4M
Common Stock Shares Outstanding	7.3M	7.8M	8.1M	8.6M	8.7M	6.8M
Liabilities And Stockholders Equity	14.6M	16.0M	37.9M	36.2M	37.6M	21.5M
Non Current Liabilities Total	2.5M	1.3M	9.3M	12.6M	12.1M	12.7M
Inventory	1.2M	1.3M	2.2M	2.4M	3.2M	3.4M
Other Current Assets	606.2K	379.4K	1.4M	349.0K	563.7K	1.1M
Other Stockholder Equity	8.8M	8.9M	14.6M	14.9M	15.2M	8.2M
Total Liab	5.1M	6.1M	22.6M	21.6M	29.8M	31.3M
Total Current Assets	8.2M	9.9M	16.1M	14.6M	14.8M	12.5M
Accumulated Other Comprehensive Income	24.2K	21.9K	21.7K	21.8K	25.1K	26.4K
Short Term Debt	109.8K	2.5M	4.7M	1.9M	8.3M	8.7M
Common Stock	2.9K	2.9K	3.4K	861.0	878.0	834.1
Other Assets	2.1M	2.0M	2.2M	2.9M	3.3M	3.5M
Long Term Debt	2.4M	1.3M	3.1M	4.7M	4.3M	3.0M
Property Plant Equipment	4.2M	4.1M	19.5M	13.9M	16.0M	16.8M
Net Tangible Assets	9.5M	9.9M	15.3M	14.6M	16.8M	8.7M
Common Stock Total Equity	2.9K	2.9K	2.9K	861.0	774.9	736.16
Retained Earnings Total Equity	993.3K	651.8K	972.4K	(356.4K)	(409.9K)	(430.4K)
Long Term Debt Total	4.2M	3.4M	2.5M	1.3M	1.5M	1.5M
Capital Surpluse	8.7M	8.8M	8.9M	14.9M	17.2M	9.5M
Short Long Term Debt	98.0K	2.5M	4.1M	1.2M	7.6M	7.9M

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