C3 Metals Stock Current Ratio

CCCM Stock  CAD 0.24  0.01  4.00%   
C3 Metals fundamentals help investors to digest information that contributes to C3 Metals' financial success or failures. It also enables traders to predict the movement of CCCM Stock. The fundamental analysis module provides a way to measure C3 Metals' 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 C3 Metals stock.
Last ReportedProjected for Next Year
Current Ratio 0.19  0.18 
Current Ratio is likely to drop to 0.18 in 2024.
  
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C3 Metals Company Current Ratio Analysis

C3 Metals' 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.

Current Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current C3 Metals Current Ratio

    
  11.93 X  
Most of C3 Metals' fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, C3 Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

CCCM Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for C3 Metals is extremely important. It helps to project a fair market value of CCCM Stock properly, considering its historical fundamentals such as Current Ratio. Since C3 Metals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of C3 Metals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of C3 Metals' interrelated accounts and indicators.
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, C3 Metals has a Current Ratio of 11.93 times. This is 211.49% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current ratio for all Canada stocks is notably lower than that of the firm.

CCCM Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses C3 Metals' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of C3 Metals could also be used in its relative valuation, which is a method of valuing C3 Metals by comparing valuation metrics of similar companies.
C3 Metals is currently under evaluation in current ratio category among its peers.

C3 Metals Current Valuation Drivers

We derive many important indicators used in calculating different scores of C3 Metals from analyzing C3 Metals' financial statements. These drivers represent accounts that assess C3 Metals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of C3 Metals' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap7.7M15.7M71.3M25.5M25.0M60.9M
Enterprise Value7.6M12.5M65.4M18.2M22.2M59.2M

CCCM Fundamentals

About C3 Metals Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze C3 Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of C3 Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of C3 Metals 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

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for CCCM Stock Analysis

When running C3 Metals' price analysis, check to measure C3 Metals' 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 C3 Metals is operating at the current time. Most of C3 Metals' value examination focuses on studying past and present price action to predict the probability of C3 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move C3 Metals' price. Additionally, you may evaluate how the addition of C3 Metals to your portfolios can decrease your overall portfolio volatility.