Tecnoglass Capital Expenditures vs Depreciation Analysis

TGLS Stock

USD 84.05 2.77 3.41%

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 Expenditures and its Depreciation 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 Expenditures vs Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

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

The correlation between Tecnoglass' Capital Expenditures and Depreciation is 0.41. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Tecnoglass, assuming nothing else is changed. The correlation between historical values of Tecnoglass' Capital Expenditures and Depreciation 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 Expenditures of Tecnoglass are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Tecnoglass' Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Tecnoglass to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Tecnoglass operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of Tecnoglass value has been used up. For tax purposes Tecnoglass can deduct the cost of the tangible assets it purchases as business expenses. However, Tecnoglass must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 108.6 M in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	8.2M	13.3M	15.3M	15.2M
Depreciation And Amortization	17.9M	19.7M	22.6M	18.0M

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		0.61	0.93	0.97	0.96	0.04	0.89	0.84	0.97	1.0	0.69	0.97	0.85	0.77	0.89	0.82	0.67	0.8	0.95	0.77	0.83	1.0	-0.22	0.82	0.9	-0.46
Short Long Term Debt Total	0.61		0.54	0.4	0.47	0.8	0.22	0.73	0.47	0.61	0.62	0.47	0.68	0.8	0.23	0.83	0.94	0.76	0.43	0.77	0.88	0.6	0.13	0.81	0.43	-0.36
Total Current Liabilities	0.93	0.54		0.9	0.88	-0.02	0.87	0.83	0.89	0.93	0.6	0.89	0.79	0.66	0.88	0.76	0.5	0.66	0.86	0.62	0.78	0.93	0.08	0.74	0.9	-0.2
Total Stockholder Equity	0.97	0.4	0.9		0.97	-0.2	0.97	0.73	0.98	0.97	0.62	0.98	0.77	0.66	0.95	0.69	0.48	0.7	0.97	0.66	0.69	0.96	-0.32	0.69	0.92	-0.46
Net Tangible Assets	0.96	0.47	0.88	0.97		-0.11	0.9	0.81	0.99	0.96	0.73	0.99	0.81	0.75	0.94	0.79	0.57	0.8	0.92	0.78	0.75	0.96	-0.37	0.79	0.9	-0.51
Net Debt	0.04	0.8	-0.02	-0.2	-0.11		-0.38	0.3	-0.13	0.05	0.2	-0.13	0.24	0.39	-0.37	0.42	0.73	0.35	-0.13	0.39	0.49	0.04	0.27	0.4	-0.18	-0.09
Retained Earnings	0.89	0.22	0.87	0.97	0.9	-0.38		0.62	0.93	0.89	0.47	0.93	0.67	0.51	0.97	0.54	0.28	0.53	0.92	0.48	0.54	0.89	-0.26	0.53	0.91	-0.36
Accounts Payable	0.84	0.73	0.83	0.73	0.81	0.3	0.62		0.78	0.82	0.75	0.78	0.95	0.84	0.7	0.93	0.78	0.89	0.72	0.87	0.96	0.85	-0.07	0.91	0.68	-0.33
Cash	0.97	0.47	0.89	0.98	0.99	-0.13	0.93	0.78		0.97	0.72	1.0	0.79	0.74	0.94	0.76	0.55	0.78	0.95	0.75	0.74	0.97	-0.34	0.76	0.92	-0.54
Non Current Assets Total	1.0	0.61	0.93	0.97	0.96	0.05	0.89	0.82	0.97		0.69	0.97	0.83	0.78	0.88	0.82	0.66	0.8	0.94	0.77	0.83	0.99	-0.21	0.81	0.91	-0.47
Non Currrent Assets Other	0.69	0.62	0.6	0.62	0.73	0.2	0.47	0.75	0.72	0.69		0.72	0.69	0.89	0.53	0.86	0.67	0.9	0.59	0.9	0.76	0.68	-0.24	0.89	0.63	-0.53
Cash And Short Term Investments	0.97	0.47	0.89	0.98	0.99	-0.13	0.93	0.78	1.0	0.97	0.72		0.79	0.74	0.94	0.76	0.55	0.78	0.95	0.75	0.74	0.97	-0.34	0.76	0.92	-0.54
Net Receivables	0.85	0.68	0.79	0.77	0.81	0.24	0.67	0.95	0.79	0.83	0.69	0.79		0.8	0.72	0.87	0.76	0.9	0.78	0.85	0.93	0.87	-0.17	0.87	0.7	-0.32
Common Stock Total Equity	0.77	0.8	0.66	0.66	0.75	0.39	0.51	0.84	0.74	0.78	0.89	0.74	0.8		0.54	0.91	0.84	0.93	0.67	0.94	0.89	0.77	-0.27	0.95	0.68	-0.62
Retained Earnings Total Equity	0.89	0.23	0.88	0.95	0.94	-0.37	0.97	0.7	0.94	0.88	0.53	0.94	0.72	0.54		0.59	0.31	0.6	0.88	0.55	0.58	0.89	-0.3	0.58	0.89	-0.36
Common Stock Shares Outstanding	0.82	0.83	0.76	0.69	0.79	0.42	0.54	0.93	0.76	0.82	0.86	0.76	0.87	0.91	0.59		0.86	0.94	0.67	0.94	0.97	0.82	-0.06	0.99	0.67	-0.4
Non Current Liabilities Total	0.67	0.94	0.5	0.48	0.57	0.73	0.28	0.78	0.55	0.66	0.67	0.55	0.76	0.84	0.31	0.86		0.87	0.52	0.88	0.9	0.67	-0.16	0.85	0.42	-0.49
Capital Surpluse	0.8	0.76	0.66	0.7	0.8	0.35	0.53	0.89	0.78	0.8	0.9	0.78	0.9	0.93	0.6	0.94	0.87		0.7	0.99	0.92	0.81	-0.3	0.96	0.65	-0.54
Other Current Assets	0.95	0.43	0.86	0.97	0.92	-0.13	0.92	0.72	0.95	0.94	0.59	0.95	0.78	0.67	0.88	0.67	0.52	0.7		0.66	0.69	0.95	-0.32	0.68	0.86	-0.49
Other Stockholder Equity	0.77	0.77	0.62	0.66	0.78	0.39	0.48	0.87	0.75	0.77	0.9	0.75	0.85	0.94	0.55	0.94	0.88	0.99	0.66		0.9	0.78	-0.34	0.96	0.6	-0.58
Total Liab	0.83	0.88	0.78	0.69	0.75	0.49	0.54	0.96	0.74	0.83	0.76	0.74	0.93	0.89	0.58	0.97	0.9	0.92	0.69	0.9		0.83	-0.01	0.95	0.66	-0.37
Total Current Assets	1.0	0.6	0.93	0.96	0.96	0.04	0.89	0.85	0.97	0.99	0.68	0.97	0.87	0.77	0.89	0.82	0.67	0.81	0.95	0.78	0.83		-0.23	0.82	0.89	-0.44
Short Term Debt	-0.22	0.13	0.08	-0.32	-0.37	0.27	-0.26	-0.07	-0.34	-0.21	-0.24	-0.34	-0.17	-0.27	-0.3	-0.06	-0.16	-0.3	-0.32	-0.34	-0.01	-0.23		-0.13	-0.16	0.67
Common Stock	0.82	0.81	0.74	0.69	0.79	0.4	0.53	0.91	0.76	0.81	0.89	0.76	0.87	0.95	0.58	0.99	0.85	0.96	0.68	0.96	0.95	0.82	-0.13		0.69	-0.42
Other Current Liab	0.9	0.43	0.9	0.92	0.9	-0.18	0.91	0.68	0.92	0.91	0.63	0.92	0.7	0.68	0.89	0.67	0.42	0.65	0.86	0.6	0.66	0.89	-0.16	0.69		-0.38
Other Liab	-0.46	-0.36	-0.2	-0.46	-0.51	-0.09	-0.36	-0.33	-0.54	-0.47	-0.53	-0.54	-0.32	-0.62	-0.36	-0.4	-0.49	-0.54	-0.49	-0.58	-0.37	-0.44	0.67	-0.42	-0.38

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Tecnoglass Account Relationship Matchups

Tecnoglass fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	532.0M	591.6M	734.3M	962.7M	1.1B	1.2B
Short Long Term Debt Total	224.5M	199.1M	169.5M	170.0M	195.5M	180.9M
Total Current Liabilities	91.5M	155.0M	209.8M	235.9M	271.3M	284.8M
Total Stockholder Equity	212.4M	243.9M	348.8M	548.0M	630.2M	661.7M
Net Tangible Assets	156.3M	183.7M	217.0M	322.6M	370.9M	389.5M
Net Debt	157.6M	114.0M	65.8M	40.5M	46.6M	44.2M
Retained Earnings	34.3M	91.0M	234.3M	400.0M	460.0M	483.0M
Accounts Payable	42.3M	68.1M	90.2M	80.5M	92.5M	53.8M
Cash	66.9M	85.0M	103.7M	129.5M	148.9M	156.4M
Non Current Assets Total	245.2M	265.3M	302.2M	427.0M	491.0M	515.6M
Non Currrent Assets Other	16.5M	20.0M	14.6M	13.2M	15.1M	8.5M
Cash And Short Term Investments	69.3M	87.0M	105.7M	132.4M	152.3M	159.9M
Net Receivables	120.0M	131.5M	174.3M	188.0M	216.2M	132.3M
Retained Earnings Total Equity	16.2M	34.3M	91.0M	234.3M	269.4M	282.9M
Common Stock Shares Outstanding	44.5M	46.4M	47.7M	47.5M	54.6M	36.9M
Liabilities And Stockholders Equity	532.0M	591.6M	734.3M	962.7M	1.1B	1.2B
Non Current Liabilities Total	227.5M	191.9M	174.2M	178.8M	205.6M	165.9M
Other Current Assets	13.9M	22.9M	27.1M	56.3M	64.7M	68.0M
Other Stockholder Equity	157.6M	208.3M	219.3M	192.4M	221.2M	137.5M
Total Liab	319.1M	346.9M	384.0M	414.7M	476.9M	301.1M
Total Current Assets	286.8M	326.3M	432.1M	535.8M	616.1M	646.9M
Accumulated Other Comprehensive Income	(41.2M)	(66.5M)	(104.7M)	(44.4M)	(40.0M)	(42.0M)
Short Term Debt	1.8M	10.7M	504K	7.0M	6.3M	6.0M
Other Current Liab	50.0M	31.0M	69.5M	75.9M	87.3M	91.6M
Other Liab	9.7M	4.8M	3.5M	5.2M	4.7M	4.4M
Property Plant And Equipment Net	152.3M	166.6M	202.9M	324.6M	373.3M	391.9M
Current Deferred Revenue	24.7M	45.2M	49.6M	72.5M	83.4M	87.6M
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	222.7M	188.4M	169.0M	163.0M	187.5M	168.1M
Short Term Investments	2.4M	2.0M	2.0M	2.9M	3.3M	2.1M
Inventory	80.7M	85.0M	125.0M	159.1M	182.9M	192.1M
Deferred Long Term Liab	411K	3.2M	3.4M	5.2M	6.0M	6.3M
Property Plant And Equipment Gross	152.3M	273.5M	304.7M	471.2M	541.9M	569.0M
Non Current Liabilities Other	9.3M	1.6M	78K	11K	9.9K	9.4K
Intangible Assets	5.1M	3.3M	2.7M	3.5M	4.0M	5.0M

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