Csl Limited Stock Current Ratio
| CMXHF Stock | USD 178.45 2.45 1.39% |
CSL Limited fundamentals help investors to digest information that contributes to CSL's financial success or failures. It also enables traders to predict the movement of CSL Pink Sheet. The fundamental analysis module provides a way to measure CSL'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 CSL pink sheet.
CSL |
CSL Limited Company Current Ratio Analysis
CSL'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 CSL Current Ratio | 2.32 X |
Most of CSL'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, CSL Limited 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, CSL Limited has a Current Ratio of 2.32 times. This is 20.27% lower than that of the Healthcare sector and 66.86% lower than that of the Biotechnology industry. The current ratio for all United States stocks is 7.41% lower than that of the firm.
CSL Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CSL's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of CSL could also be used in its relative valuation, which is a method of valuing CSL by comparing valuation metrics of similar companies.CSL is currently under evaluation in current ratio category among related companies.
CSL Fundamentals
| Return On Equity | 0.2 | |||
| Return On Asset | 0.0798 | |||
| Profit Margin | 0.21 % | |||
| Operating Margin | 0.28 % | |||
| Current Valuation | 96.65 B | |||
| Shares Outstanding | 482.22 M | |||
| Shares Owned By Insiders | 0.41 % | |||
| Shares Owned By Institutions | 35.50 % | |||
| Price To Earning | 33.44 X | |||
| Price To Book | 6.65 X | |||
| Price To Sales | 9.30 X | |||
| Revenue | 10.49 B | |||
| Gross Profit | 5.73 B | |||
| EBITDA | 3.46 B | |||
| Net Income | 2.25 B | |||
| Cash And Equivalents | 10.44 B | |||
| Cash Per Share | 21.67 X | |||
| Total Debt | 3.86 B | |||
| Debt To Equity | 0.66 % | |||
| Current Ratio | 2.32 X | |||
| Book Value Per Share | 30.26 X | |||
| Cash Flow From Operations | 2.63 B | |||
| Earnings Per Share | 4.80 X | |||
| Number Of Employees | 30 K | |||
| Beta | 0.19 | |||
| Market Capitalization | 102.75 B | |||
| Total Asset | 28.35 B | |||
| Retained Earnings | 6.59 B | |||
| Working Capital | 2.44 B | |||
| Current Asset | 3.82 B | |||
| Current Liabilities | 1.37 B | |||
| Z Score | 15.6 | |||
| Annual Yield | 0.01 % | |||
| Five Year Return | 1.08 % | |||
| Net Asset | 28.35 B | |||
| Last Dividend Paid | 2.22 |
About CSL Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CSL Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CSL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CSL Limited 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 CSL
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 CSL 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 CSL will appreciate offsetting losses from the drop in the long position's value.Moving together with CSL Pink Sheet
| 0.81 | CSLLY | CSL | PairCorr |
| 0.61 | VRTX | Vertex Pharmaceuticals Financial Report 6th of May 2024 | PairCorr |
Moving against CSL Pink Sheet
| 0.57 | SGEN | Seagen Inc Earnings Call Today | PairCorr |
| 0.52 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.52 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.51 | CVX | Chevron Corp Earnings Call Tomorrow | PairCorr |
| 0.51 | CAT | Caterpillar Earnings Call Today | PairCorr |
The ability to find closely correlated positions to CSL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSL 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 CSL - 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 CSL Limited to buy it.
The correlation of CSL 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 CSL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CSL Limited 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 CSL 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSL Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the CSL Limited information on this page should be used as a complementary analysis to other CSL's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for CSL Pink Sheet analysis
When running CSL's price analysis, check to measure CSL'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 CSL is operating at the current time. Most of CSL's value examination focuses on studying past and present price action to predict the probability of CSL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSL's price. Additionally, you may evaluate how the addition of CSL to your portfolios can decrease your overall portfolio volatility.
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