29metals Stock Current Ratio
| 29M Stock | 0.19 0.01 5.56% |
29Metals fundamentals help investors to digest information that contributes to 29Metals' financial success or failures. It also enables traders to predict the movement of 29Metals Stock. The fundamental analysis module provides a way to measure 29Metals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 29Metals stock.
29Metals | Current Ratio |
29Metals Company Current Ratio Analysis
29Metals' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, 29Metals has a Current Ratio of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The current ratio for all Australia stocks is 100.0% higher than that of the company.
Did you try this?
Run Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
| All Next | Launch Module |
29Metals Fundamentals
| Return On Equity | -0.42 | ||||
| Return On Asset | -0.0393 | ||||
| Profit Margin | (0.32) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 289.1 M | ||||
| Shares Outstanding | 1.37 B | ||||
| Shares Owned By Insiders | 23.69 % | ||||
| Shares Owned By Institutions | 43.08 % | ||||
| Price To Book | 0.57 X | ||||
| Price To Sales | 0.48 X | ||||
| Revenue | 453.88 M | ||||
| Gross Profit | (11.56 M) | ||||
| EBITDA | (230.93 M) | ||||
| Net Income | (440.46 M) | ||||
| Total Debt | 271.33 M | ||||
| Book Value Per Share | 0.31 X | ||||
| Cash Flow From Operations | (36.52 M) | ||||
| Earnings Per Share | (0.24) X | ||||
| Target Price | 0.24 | ||||
| Beta | 0.84 | ||||
| Market Capitalization | 263.21 M | ||||
| Total Asset | 981.21 M | ||||
| Retained Earnings | (376.3 M) | ||||
| Working Capital | 46.15 M | ||||
| Net Asset | 981.21 M |
About 29Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 29Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 29Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 29Metals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for 29Metals Stock Analysis
When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.