Techgen Short Term Investments vs Total Current Liabilities 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 Short Term Investments and its Total Current Liabilities 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.

Short Term Investments vs Total Current Liabilities

Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Techgen Metals Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Techgen Metals' Short Term Investments and Total Current Liabilities is -0.39. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities 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' Short Term Investments and Total Current Liabilities 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 Investments of Techgen Metals are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., Techgen Metals' Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

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Short Term Investments

Short Term Investments is an item under the current assets section of Techgen Metals balance sheet. It contains any investments Techgen Metals undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Techgen Metals can easily liquidate in the marketplace.

Total Current Liabilities

Total Current Liabilities is an item on Techgen Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Techgen Metals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Common Stock Shares Outstanding	Inventory	Short Term Investments	Other Stockholder Equity	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Total Assets		0.09	1.0	0.96	0.63	-0.95	-0.9	0.05	0.99	0.88	0.69	0.89	0.86	0.5	0.09	0.89	0.91	0.86	0.8	0.64	-0.76	-0.8	0.81	-0.62	0.82	0.73
Total Current Liabilities	0.09		0.07	0.09	-0.13	-0.03	-0.36	0.94	0.0	0.4	0.13	-0.28	-0.09	0.11	1.0	-0.27	0.24	0.35	0.14	0.29	-0.09	-0.39	0.37	-0.1	0.5	0.56
Total Stockholder Equity	1.0	0.07		0.96	0.64	-0.95	-0.9	0.04	0.99	0.88	0.69	0.89	0.86	0.5	0.07	0.9	0.91	0.85	0.8	0.64	-0.76	-0.79	0.81	-0.62	0.82	0.72
Net Tangible Assets	0.96	0.09	0.96		0.74	-0.99	-0.94	0.05	0.94	0.86	0.67	0.86	0.84	0.64	0.09	0.86	0.97	0.93	0.83	0.63	-0.77	-0.84	0.83	-0.77	0.81	0.72
Property Plant And Equipment Net	0.63	-0.13	0.64	0.74		-0.8	-0.75	-0.29	0.68	0.67	0.57	0.52	0.36	0.84	-0.13	0.53	0.8	0.78	0.86	0.71	-0.61	-0.74	0.79	-0.91	0.66	0.59
Net Debt	-0.95	-0.03	-0.95	-0.99	-0.8		0.93	0.01	-0.96	-0.85	-0.62	-0.84	-0.79	-0.68	-0.03	-0.84	-0.97	-0.93	-0.86	-0.67	0.74	0.86	-0.86	0.81	-0.82	-0.72
Retained Earnings	-0.9	-0.36	-0.9	-0.94	-0.75	0.93		-0.26	-0.88	-0.95	-0.72	-0.67	-0.67	-0.67	-0.36	-0.67	-0.98	-0.99	-0.86	-0.72	0.78	0.95	-0.94	0.82	-0.94	-0.85
Accounts Payable	0.05	0.94	0.04	0.05	-0.29	0.01	-0.26		-0.02	0.29	-0.08	-0.28	-0.05	-0.03	0.94	-0.27	0.15	0.27	-0.02	0.11	0.01	-0.32	0.25	-0.01	0.39	0.42
Cash	0.99	0.0	0.99	0.94	0.68	-0.96	-0.88	-0.02		0.87	0.64	0.87	0.81	0.53	0.0	0.87	0.89	0.85	0.82	0.66	-0.73	-0.81	0.83	-0.66	0.82	0.71
Non Current Assets Total	0.88	0.4	0.88	0.86	0.67	-0.85	-0.95	0.29	0.87		0.75	0.6	0.61	0.53	0.4	0.61	0.9	0.91	0.81	0.73	-0.81	-0.93	0.94	-0.7	0.96	0.86
Non Currrent Assets Other	0.69	0.13	0.69	0.67	0.57	-0.62	-0.72	-0.08	0.64	0.75		0.59	0.59	0.27	0.13	0.6	0.68	0.62	0.57	0.43	-0.85	-0.61	0.61	-0.49	0.61	0.51
Cash And Short Term Investments	0.89	-0.28	0.89	0.86	0.52	-0.84	-0.67	-0.28	0.87	0.6	0.59		0.95	0.37	-0.28	1.0	0.74	0.61	0.61	0.39	-0.7	-0.48	0.49	-0.42	0.48	0.42
Net Receivables	0.86	-0.09	0.86	0.84	0.36	-0.79	-0.67	-0.05	0.81	0.61	0.59	0.95		0.22	-0.09	0.95	0.71	0.6	0.47	0.24	-0.73	-0.49	0.44	-0.35	0.47	0.38
Other Current Assets	0.5	0.11	0.5	0.64	0.84	-0.68	-0.67	-0.03	0.53	0.53	0.27	0.37	0.22		0.11	0.37	0.75	0.74	0.88	0.83	-0.29	-0.61	0.72	-0.79	0.64	0.72
Total Liab	0.09	1.0	0.07	0.09	-0.13	-0.03	-0.36	0.94	0.0	0.4	0.13	-0.28	-0.09	0.11		-0.27	0.24	0.35	0.14	0.29	-0.09	-0.39	0.37	-0.1	0.5	0.56
Total Current Assets	0.89	-0.27	0.9	0.86	0.53	-0.84	-0.67	-0.27	0.87	0.61	0.6	1.0	0.95	0.37	-0.27		0.74	0.61	0.62	0.4	-0.7	-0.49	0.5	-0.42	0.49	0.43
Common Stock	0.91	0.24	0.91	0.97	0.8	-0.97	-0.98	0.15	0.89	0.9	0.68	0.74	0.71	0.75	0.24	0.74		0.98	0.89	0.73	-0.75	-0.9	0.91	-0.84	0.88	0.82
Property Plant Equipment	0.86	0.35	0.85	0.93	0.78	-0.93	-0.99	0.27	0.85	0.91	0.62	0.61	0.6	0.74	0.35	0.61	0.98		0.87	0.74	-0.68	-0.96	0.96	-0.88	0.94	0.85
Other Current Liab	0.8	0.14	0.8	0.83	0.86	-0.86	-0.86	-0.02	0.82	0.81	0.57	0.61	0.47	0.88	0.14	0.62	0.89	0.87		0.94	-0.55	-0.78	0.9	-0.77	0.86	0.88
Common Stock Shares Outstanding	0.64	0.29	0.64	0.63	0.71	-0.67	-0.72	0.11	0.66	0.73	0.43	0.39	0.24	0.83	0.29	0.4	0.73	0.74	0.94		-0.35	-0.66	0.84	-0.6	0.82	0.92
Inventory	-0.76	-0.09	-0.76	-0.77	-0.61	0.74	0.78	0.01	-0.73	-0.81	-0.85	-0.7	-0.73	-0.29	-0.09	-0.7	-0.75	-0.68	-0.55	-0.35		0.68	-0.62	0.57	-0.61	-0.47
Short Term Investments	-0.8	-0.39	-0.79	-0.84	-0.74	0.86	0.95	-0.32	-0.81	-0.93	-0.61	-0.48	-0.49	-0.61	-0.39	-0.49	-0.9	-0.96	-0.78	-0.66	0.68		-0.96	0.88	-0.94	-0.79
Other Stockholder Equity	0.81	0.37	0.81	0.83	0.79	-0.86	-0.94	0.25	0.83	0.94	0.61	0.49	0.44	0.72	0.37	0.5	0.91	0.96	0.9	0.84	-0.62	-0.96		-0.84	0.98	0.89
Net Invested Capital	-0.62	-0.1	-0.62	-0.77	-0.91	0.81	0.82	-0.01	-0.66	-0.7	-0.49	-0.42	-0.35	-0.79	-0.1	-0.42	-0.84	-0.88	-0.77	-0.6	0.57	0.88	-0.84		-0.74	-0.59
Property Plant And Equipment Gross	0.82	0.5	0.82	0.81	0.66	-0.82	-0.94	0.39	0.82	0.96	0.61	0.48	0.47	0.64	0.5	0.49	0.88	0.94	0.86	0.82	-0.61	-0.94	0.98	-0.74		0.93
Capital Stock	0.73	0.56	0.72	0.72	0.59	-0.72	-0.85	0.42	0.71	0.86	0.51	0.42	0.38	0.72	0.56	0.43	0.82	0.85	0.88	0.92	-0.47	-0.79	0.89	-0.59	0.93

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Techgen Metals Account Relationship Matchups

Techgen Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7K	6.0M	5.0M	5.9M	6.9M	3.9M
Total Stockholder Equity	(121.5K)	5.9M	5.0M	5.6M	6.7M	3.8M
Net Tangible Assets	(121.5K)	5.9M	5.0M	5.6M	6.5M	6.8M
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)
Cash	209.0	1.8M	1.9M	1.6M	2.3M	1.2M
Cash And Short Term Investments	209.0	4.3M	1.9M	1.6M	2.3M	1.7M
Net Receivables	1.4K	155.2K	64.6K	100.3K	53.2K	60.8K
Liabilities And Stockholders Equity	1.7K	6.0M	5.0M	5.9M	6.9M	3.9M
Other Current Assets	1.4K	12.9K	5K	5.6K	90.7K	95.3K
Total Current Assets	1.7K	4.5M	2.0M	1.7M	2.5M	1.7M
Property Plant Equipment	0.0	1.5M	3.1M	4.1M	4.7M	5.0M

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