Norse Atlantic Asa Stock Current Ratio
| NRSAF Stock | USD 0.34 0.00 0.00% |
Norse Atlantic ASA fundamentals help investors to digest information that contributes to Norse Atlantic's financial success or failures. It also enables traders to predict the movement of Norse OTC Stock. The fundamental analysis module provides a way to measure Norse Atlantic'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 Norse Atlantic otc stock.
Norse |
Norse Atlantic ASA OTC Stock Current Ratio Analysis
Norse Atlantic'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 Norse Atlantic Current Ratio | 57.06 X |
Most of Norse Atlantic'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, Norse Atlantic ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, Norse Atlantic ASA has a Current Ratio of 57 times. This is much higher than that of the Industrials sector and notably higher than that of the Airlines industry. The current ratio for all United States stocks is notably lower than that of the firm.
Norse Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Norse Atlantic's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Norse Atlantic could also be used in its relative valuation, which is a method of valuing Norse Atlantic by comparing valuation metrics of similar companies.Norse Atlantic is currently under evaluation in current ratio category among its peers.
Norse Fundamentals
| Operating Margin | (16.88) % | |||
| Shares Outstanding | 206.08 M | |||
| Shares Owned By Insiders | 6.39 % | |||
| Shares Owned By Institutions | 8.15 % | |||
| Price To Sales | 5.58 X | |||
| Revenue | 2.97 M | |||
| Gross Profit | (5.48 M) | |||
| EBITDA | (8.68 M) | |||
| Net Income | (7.84 M) | |||
| Current Ratio | 57.06 X | |||
| Book Value Per Share | 1.35 X | |||
| Cash Flow From Operations | (6.78 M) | |||
| Earnings Per Share | (0.12) X | |||
| Number Of Employees | 62 | |||
| Market Capitalization | 71.31 M |
About Norse Atlantic Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Norse Atlantic ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Norse Atlantic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Norse Atlantic ASA based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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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Other Information on Investing in Norse OTC Stock
Norse Atlantic financial ratios help investors to determine whether Norse OTC 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 Norse with respect to the benefits of owning Norse Atlantic security.