Greenfirst Forest Products Stock Current Liabilities
| GFP Stock | 4.45 0.03 0.68% |
GreenFirst Forest Products fundamentals help investors to digest information that contributes to GreenFirst Forest's financial success or failures. It also enables traders to predict the movement of GreenFirst Stock. The fundamental analysis module provides a way to measure GreenFirst Forest's 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 GreenFirst Forest stock.
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GreenFirst Forest Products Company Current Liabilities Analysis
GreenFirst Forest's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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In accordance with the recently published financial statements, GreenFirst Forest Products has a Current Liabilities of 0.0. This is 100.0% lower than that of the Paper & Forest Products sector and 100.0% lower than that of the Materials industry. The current liabilities for all Canada stocks is 100.0% higher than that of the company.
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GreenFirst Fundamentals
| Return On Equity | -0.0969 | ||||
| Return On Asset | -0.038 | ||||
| Profit Margin | (0.1) % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 140.51 M | ||||
| Shares Outstanding | 22.6 M | ||||
| Shares Owned By Insiders | 42.09 % | ||||
| Shares Owned By Institutions | 36.22 % | ||||
| Number Of Shares Shorted | 3.83 K | ||||
| Price To Book | 0.60 X | ||||
| Price To Sales | 0.24 X | ||||
| Revenue | 409.62 M | ||||
| Gross Profit | (5.69 M) | ||||
| EBITDA | (30.89 M) | ||||
| Net Income | (48.8 M) | ||||
| Total Debt | 25.63 M | ||||
| Book Value Per Share | 9.34 X | ||||
| Cash Flow From Operations | (58.03 M) | ||||
| Short Ratio | 0.64 X | ||||
| Earnings Per Share | (0.88) X | ||||
| Target Price | 2.0 | ||||
| Number Of Employees | 1.1 K | ||||
| Beta | 0.9 | ||||
| Market Capitalization | 100.47 M | ||||
| Total Asset | 296.29 M | ||||
| Retained Earnings | (82.65 M) | ||||
| Working Capital | 53.44 M | ||||
| Net Asset | 296.29 M |
About GreenFirst Forest Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GreenFirst Forest Products's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GreenFirst Forest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GreenFirst Forest Products 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.
Pair Trading with GreenFirst Forest
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GreenFirst Forest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GreenFirst Forest will appreciate offsetting losses from the drop in the long position's value.Moving against GreenFirst Stock
| 0.69 | VMY-H | Voice Mobility Inter | PairCorr |
| 0.64 | ORE | Orezone Gold Corp | PairCorr |
| 0.57 | NHT-U | NexPoint Hospitality | PairCorr |
| 0.46 | NTR | Nutrien | PairCorr |
| 0.4 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to GreenFirst Forest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenFirst Forest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GreenFirst Forest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GreenFirst Forest Products to buy it.
The correlation of GreenFirst Forest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GreenFirst Forest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenFirst Forest moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GreenFirst Forest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in GreenFirst Stock
GreenFirst Forest financial ratios help investors to determine whether GreenFirst Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GreenFirst with respect to the benefits of owning GreenFirst Forest security.