Union Petrochemical Public Stock Current Ratio

UKEM Stock  THB 0.65  0.01  1.52%   
Union Petrochemical Public fundamentals help investors to digest information that contributes to Union Petrochemical's financial success or failures. It also enables traders to predict the movement of Union Stock. The fundamental analysis module provides a way to measure Union Petrochemical'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 Union Petrochemical stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Union Petrochemical Public Company Current Ratio Analysis

Union Petrochemical'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 Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Union Petrochemical Current Ratio

    
  2.01 X  
Most of Union Petrochemical'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, Union Petrochemical Public 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, Union Petrochemical Public has a Current Ratio of 2.01 times. This is 47.52% lower than that of the Basic Materials sector and 32.32% lower than that of the Chemicals industry. The current ratio for all Thailand stocks is 6.94% higher than that of the company.

Union Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Union Petrochemical'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 Union Petrochemical could also be used in its relative valuation, which is a method of valuing Union Petrochemical by comparing valuation metrics of similar companies.
Union Petrochemical is currently under evaluation in current ratio category among its peers.

Union Fundamentals

About Union Petrochemical Fundamental Analysis

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

Union Petrochemical financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Petrochemical security.