Nickel 28 Capital Stock Current Ratio
| NKL Stock | 0.77 0.02 2.67% |
Nickel 28 Capital fundamentals help investors to digest information that contributes to Nickel 28's financial success or failures. It also enables traders to predict the movement of Nickel Stock. The fundamental analysis module provides a way to measure Nickel 28'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 Nickel 28 stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 1.43 | 1.20 |
Nickel | Current Ratio |
Nickel 28 Capital Company Current Ratio Analysis
Nickel 28's 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 Nickel 28 Current Ratio | 2.62 X |
Most of Nickel 28's 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, Nickel 28 Capital is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nickel Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Nickel 28 is extremely important. It helps to project a fair market value of Nickel Stock properly, considering its historical fundamentals such as Current Ratio. Since Nickel 28's 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 Nickel 28's 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 Nickel 28's interrelated accounts and indicators.
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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, Nickel 28 Capital has a Current Ratio of 2.62 times. This is 31.59% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current ratio for all Canada stocks is 21.3% lower than that of the firm.
Nickel Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nickel 28's 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 Nickel 28 could also be used in its relative valuation, which is a method of valuing Nickel 28 by comparing valuation metrics of similar companies.Nickel 28 is currently under evaluation in current ratio category among its peers.
Nickel Fundamentals
| Return On Equity | -0.0773 | ||||
| Return On Asset | -0.0288 | ||||
| Current Valuation | 110.17 M | ||||
| Shares Outstanding | 89.58 M | ||||
| Shares Owned By Insiders | 28.12 % | ||||
| Shares Owned By Institutions | 0.69 % | ||||
| Number Of Shares Shorted | 14.59 K | ||||
| Price To Book | 0.55 X | ||||
| EBITDA | 14.79 M | ||||
| Net Income | (6.18 M) | ||||
| Cash And Equivalents | 5.92 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 9 M | ||||
| Current Ratio | 2.62 X | ||||
| Book Value Per Share | 0.95 X | ||||
| Cash Flow From Operations | (8.37 M) | ||||
| Short Ratio | 0.83 X | ||||
| Earnings Per Share | (0.11) X | ||||
| Target Price | 1.2 | ||||
| Beta | 1.21 | ||||
| Market Capitalization | 63.6 M | ||||
| Total Asset | 141.74 M | ||||
| Retained Earnings | 13.32 M | ||||
| Working Capital | 1.62 M | ||||
| Net Asset | 141.74 M |
About Nickel 28 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nickel 28 Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nickel 28 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nickel 28 Capital 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.
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Additional Tools for Nickel Stock Analysis
When running Nickel 28's price analysis, check to measure Nickel 28's 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 Nickel 28 is operating at the current time. Most of Nickel 28's value examination focuses on studying past and present price action to predict the probability of Nickel 28's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nickel 28's price. Additionally, you may evaluate how the addition of Nickel 28 to your portfolios can decrease your overall portfolio volatility.