Tecnoglass Total Stockholder Equity vs Retained Earnings Total Equity Analysis

TGLS Stock  USD 85.77  4.13  5.06%   
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 Total Stockholder Equity and its Retained Earnings Total Equity 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.

Total Stockholder Equity vs Retained Earnings Total Equity

Total Stockholder Equity vs Retained Earnings Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tecnoglass Total Stockholder Equity account and Retained Earnings Total Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tecnoglass' Total Stockholder Equity and Retained Earnings Total Equity is 0.94. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings Total Equity in the same time period over historical financial statements of Tecnoglass, assuming nothing else is changed. The correlation between historical values of Tecnoglass' Total Stockholder Equity and Retained Earnings Total Equity 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 Stockholder Equity of Tecnoglass are associated (or correlated) with its Retained Earnings Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings Total Equity has no effect on the direction of Total Stockholder Equity i.e., Tecnoglass' Total Stockholder Equity and Retained Earnings Total Equity go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Retained Earnings Total Equity

The portion of total equity that consists of earnings retained by the company, reinvested in its core business or used to pay debt.
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 Expense10.7M8.2M13.3M15.2M
Depreciation And Amortization19.6M17.9M19.7M18.0M

Tecnoglass fundamental ratios Correlations

0.720.880.790.830.340.640.940.840.890.780.840.940.890.690.920.780.940.760.890.931.0-0.130.950.81-0.41
0.720.610.410.450.840.180.760.490.670.620.490.720.790.190.850.940.760.450.780.910.710.150.810.46-0.34
0.880.610.690.710.220.640.90.710.780.630.720.820.70.670.810.530.710.630.640.830.880.270.810.81-0.06
0.790.410.690.98-0.110.950.70.970.950.610.980.730.680.940.670.490.710.950.660.650.79-0.290.710.72-0.45
0.830.450.710.98-0.060.90.770.990.950.70.990.770.730.930.740.540.790.910.750.70.83-0.340.770.74-0.49
0.340.840.22-0.11-0.06-0.350.42-0.030.180.27-0.030.40.45-0.330.530.790.42-0.030.480.620.330.260.460.02-0.12
0.640.180.640.950.9-0.350.550.890.840.420.890.570.470.980.460.220.50.880.410.460.64-0.210.50.68-0.33
0.940.760.90.70.770.420.550.760.820.730.760.950.820.630.920.780.880.680.860.950.96-0.010.910.7-0.3
0.840.490.710.970.99-0.030.890.760.960.731.00.760.760.910.750.560.80.920.760.710.83-0.310.780.75-0.54
0.890.670.780.950.950.180.840.820.960.70.960.830.810.840.830.70.830.920.790.840.88-0.160.850.74-0.47
0.780.620.630.610.70.270.420.730.730.70.730.660.880.470.840.650.880.570.890.730.76-0.220.870.69-0.51
0.840.490.720.980.99-0.030.890.761.00.960.730.760.760.910.750.560.80.920.760.720.83-0.310.780.75-0.54
0.940.720.820.730.770.40.570.950.760.830.660.760.790.640.860.790.90.740.850.920.95-0.120.880.68-0.28
0.890.790.70.680.730.450.470.820.760.810.880.760.790.490.90.820.920.680.930.880.88-0.250.950.75-0.61
0.690.190.670.940.93-0.330.980.630.910.840.470.910.640.490.510.260.560.850.490.50.69-0.270.550.7-0.33
0.920.850.810.670.740.530.460.920.750.830.840.750.860.90.510.870.930.640.940.960.92-0.010.980.69-0.37
0.780.940.530.490.540.790.220.780.560.70.650.560.790.820.260.870.860.530.880.910.77-0.130.840.42-0.48
0.940.760.710.710.790.420.50.880.80.830.880.80.90.920.560.930.860.70.980.90.94-0.280.950.71-0.53
0.760.450.630.950.91-0.030.880.680.920.920.570.920.740.680.850.640.530.70.650.650.77-0.30.690.61-0.49
0.890.780.640.660.750.480.410.860.760.790.890.760.850.930.490.940.880.980.650.890.88-0.310.940.63-0.56
0.930.910.830.650.70.620.460.950.710.840.730.720.920.880.50.960.910.90.650.890.930.040.940.67-0.34
1.00.710.880.790.830.330.640.960.830.880.760.830.950.880.690.920.770.940.770.880.93-0.130.940.79-0.39
-0.130.150.27-0.29-0.340.26-0.21-0.01-0.31-0.16-0.22-0.31-0.12-0.25-0.27-0.01-0.13-0.28-0.3-0.310.04-0.13-0.1-0.040.66
0.950.810.810.710.770.460.50.910.780.850.870.780.880.950.550.980.840.950.690.940.940.94-0.10.76-0.4
0.810.460.810.720.740.020.680.70.750.740.690.750.680.750.70.690.420.710.610.630.670.79-0.040.76-0.31
-0.41-0.34-0.06-0.45-0.49-0.12-0.33-0.3-0.54-0.47-0.51-0.54-0.28-0.61-0.33-0.37-0.48-0.53-0.49-0.56-0.34-0.390.66-0.4-0.31
Click cells to compare fundamentals

Tecnoglass Account Relationship Matchups

Tecnoglass fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets569.7M532.0M591.6M734.3M962.7M484.5M
Short Long Term Debt Total259.8M224.5M199.1M169.5M170.0M180.9M
Total Current Liabilities129.0M91.5M155.0M209.8M235.9M135.1M
Total Stockholder Equity186.6M212.4M243.9M348.8M548.0M575.4M
Net Tangible Assets156.3M183.7M217.0M322.6M370.9M389.5M
Net Debt211.9M157.6M114.0M65.8M40.5M38.5M
Retained Earnings16.2M34.3M91.0M234.3M400.0M420.0M
Accounts Payable61.9M42.3M68.1M90.2M80.5M53.8M
Cash47.9M66.9M85.0M103.7M129.5M136.0M
Non Current Assets Total246.8M245.2M265.3M302.2M427.0M448.3M
Non Currrent Assets Other11.8M16.5M20.0M14.6M13.2M8.5M
Cash And Short Term Investments50.2M69.3M87.0M105.7M132.4M139.0M
Net Receivables160.6M120.0M131.5M174.3M188.0M132.3M
Retained Earnings Total Equity16.2M34.3M91.0M234.3M269.4M282.9M
Common Stock Shares Outstanding38.1M44.5M46.4M47.7M47.5M36.9M
Liabilities And Stockholders Equity569.7M532.0M591.6M734.3M962.7M484.5M
Non Current Liabilities Total253.4M227.5M191.9M174.2M178.8M165.9M
Capital Surpluse125.3M157.6M208.3M219.3M252.2M136.2M
Other Current Assets29.3M13.9M22.9M27.1M56.3M59.1M
Other Stockholder Equity125.3M157.6M208.3M219.3M192.4M137.5M
Total Liab382.5M319.1M346.9M384.0M414.7M301.1M
Total Current Assets322.8M286.8M326.3M432.1M535.8M272.9M
Accumulated Other Comprehensive Income(37.9M)(41.2M)(66.5M)(104.7M)(44.4M)(46.6M)
Short Term Debt16.1M1.8M10.7M504K7.0M6.7M
Other Current Liab38.6M50.0M31.0M69.5M75.9M39.5M
Other Liab9.7M4.8M3.5M5.2M4.7M4.4M
Property Plant And Equipment Net154.6M152.3M166.6M202.9M324.6M173.1M
Current Deferred Revenue12.5M24.7M45.2M49.6M72.5M76.2M
Noncontrolling Interest In Consolidated Entity606K586K836K1.5M1.7M1.8M
Other Assets15.9M16.7M20.6M15.2M17.5M14.8M
Long Term Debt243.7M222.7M188.4M169.0M163.0M168.1M
Short Term Investments2.3M2.4M2.0M2.0M2.9M2.1M
Inventory82.7M80.7M85.0M125.0M159.1M79.9M
Deferred Long Term Liab411K3.2M3.4M5.2M6.0M6.3M
Property Plant And Equipment Gross154.6M152.3M273.5M304.7M471.2M494.8M
Non Current Liabilities Other9.3M1.6M78K11K9.9K9.4K
Intangible Assets6.7M5.1M3.3M2.7M3.5M5.0M

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Additional Tools for Tecnoglass Stock Analysis

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