Techgen Property Plant Equipment vs Capital Stock Analysis

TG1 Stock   0.03  0  3.03%   
Techgen Metals financial indicator trend analysis is much more than just breaking down Techgen Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Techgen Metals is a good investment. Please check the relationship between Techgen Metals Property Plant Equipment and its Capital Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Techgen Metals. 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.

Property Plant Equipment vs Capital Stock

Property Plant Equipment vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Techgen Metals Property Plant Equipment account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Techgen Metals' Property Plant Equipment and Capital Stock is 0.85. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Techgen Metals, assuming nothing else is changed. The correlation between historical values of Techgen Metals' Property Plant Equipment and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Techgen Metals are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Property Plant Equipment i.e., Techgen Metals' Property Plant Equipment and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant Equipment

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Techgen Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Techgen Metals 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 Techgen Metals. 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.
Selling General Administrative is likely to gain to about 626.3 K in 2024. Issuance Of Capital Stock is likely to gain to about 3.6 M in 2024

Techgen Metals fundamental ratios Correlations

0.091.00.960.63-0.95-0.90.050.990.880.690.890.860.50.090.890.910.860.80.64-0.76-0.80.81-0.620.820.73
0.090.070.09-0.13-0.03-0.360.940.00.40.13-0.28-0.090.111.0-0.270.240.350.140.29-0.09-0.390.37-0.10.50.56
1.00.070.960.64-0.95-0.90.040.990.880.690.890.860.50.070.90.910.850.80.64-0.76-0.790.81-0.620.820.72
0.960.090.960.74-0.99-0.940.050.940.860.670.860.840.640.090.860.970.930.830.63-0.77-0.840.83-0.770.810.72
0.63-0.130.640.74-0.8-0.75-0.290.680.670.570.520.360.84-0.130.530.80.780.860.71-0.61-0.740.79-0.910.660.59
-0.95-0.03-0.95-0.99-0.80.930.01-0.96-0.85-0.62-0.84-0.79-0.68-0.03-0.84-0.97-0.93-0.86-0.670.740.86-0.860.81-0.82-0.72
-0.9-0.36-0.9-0.94-0.750.93-0.26-0.88-0.95-0.72-0.67-0.67-0.67-0.36-0.67-0.98-0.99-0.86-0.720.780.95-0.940.82-0.94-0.85
0.050.940.040.05-0.290.01-0.26-0.020.29-0.08-0.28-0.05-0.030.94-0.270.150.27-0.020.110.01-0.320.25-0.010.390.42
0.990.00.990.940.68-0.96-0.88-0.020.870.640.870.810.530.00.870.890.850.820.66-0.73-0.810.83-0.660.820.71
0.880.40.880.860.67-0.85-0.950.290.870.750.60.610.530.40.610.90.910.810.73-0.81-0.930.94-0.70.960.86
0.690.130.690.670.57-0.62-0.72-0.080.640.750.590.590.270.130.60.680.620.570.43-0.85-0.610.61-0.490.610.51
0.89-0.280.890.860.52-0.84-0.67-0.280.870.60.590.950.37-0.281.00.740.610.610.39-0.7-0.480.49-0.420.480.42
0.86-0.090.860.840.36-0.79-0.67-0.050.810.610.590.950.22-0.090.950.710.60.470.24-0.73-0.490.44-0.350.470.38
0.50.110.50.640.84-0.68-0.67-0.030.530.530.270.370.220.110.370.750.740.880.83-0.29-0.610.72-0.790.640.72
0.091.00.070.09-0.13-0.03-0.360.940.00.40.13-0.28-0.090.11-0.270.240.350.140.29-0.09-0.390.37-0.10.50.56
0.89-0.270.90.860.53-0.84-0.67-0.270.870.610.61.00.950.37-0.270.740.610.620.4-0.7-0.490.5-0.420.490.43
0.910.240.910.970.8-0.97-0.980.150.890.90.680.740.710.750.240.740.980.890.73-0.75-0.90.91-0.840.880.82
0.860.350.850.930.78-0.93-0.990.270.850.910.620.610.60.740.350.610.980.870.74-0.68-0.960.96-0.880.940.85
0.80.140.80.830.86-0.86-0.86-0.020.820.810.570.610.470.880.140.620.890.870.94-0.55-0.780.9-0.770.860.88
0.640.290.640.630.71-0.67-0.720.110.660.730.430.390.240.830.290.40.730.740.94-0.35-0.660.84-0.60.820.92
-0.76-0.09-0.76-0.77-0.610.740.780.01-0.73-0.81-0.85-0.7-0.73-0.29-0.09-0.7-0.75-0.68-0.55-0.350.68-0.620.57-0.61-0.47
-0.8-0.39-0.79-0.84-0.740.860.95-0.32-0.81-0.93-0.61-0.48-0.49-0.61-0.39-0.49-0.9-0.96-0.78-0.660.68-0.960.88-0.94-0.79
0.810.370.810.830.79-0.86-0.940.250.830.940.610.490.440.720.370.50.910.960.90.84-0.62-0.96-0.840.980.89
-0.62-0.1-0.62-0.77-0.910.810.82-0.01-0.66-0.7-0.49-0.42-0.35-0.79-0.1-0.42-0.84-0.88-0.77-0.60.570.88-0.84-0.74-0.59
0.820.50.820.810.66-0.82-0.940.390.820.960.610.480.470.640.50.490.880.940.860.82-0.61-0.940.98-0.740.93
0.730.560.720.720.59-0.72-0.850.420.710.860.510.420.380.720.560.430.820.850.880.92-0.47-0.790.89-0.590.93
Click cells to compare fundamentals

Techgen Metals Account Relationship Matchups

Techgen Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7K6.0M5.0M5.9M6.9M3.9M
Total Stockholder Equity(121.5K)5.9M5.0M5.6M6.7M3.8M
Net Tangible Assets(121.5K)5.9M5.0M5.6M6.5M6.8M
Net Debt(209.0)(1.8M)(1.9M)(1.6M)(2.3M)(2.2M)
Retained Earnings(797.0K)(2.8M)(4.3M)(6.4M)(6.7M)(6.4M)
Cash209.01.8M1.9M1.6M2.3M1.2M
Cash And Short Term Investments209.04.3M1.9M1.6M2.3M1.7M
Net Receivables1.4K155.2K64.6K100.3K53.2K60.8K
Liabilities And Stockholders Equity1.7K6.0M5.0M5.9M6.9M3.9M
Other Current Assets1.4K12.9K5K5.6K90.7K95.3K
Total Current Assets1.7K4.5M2.0M1.7M2.5M1.7M
Property Plant Equipment0.01.5M3.1M4.1M4.7M5.0M

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