Cnx Resources Corp Stock Current Ratio
| CNX Stock | USD 23.70 0.15 0.63% |
CNX Resources Corp fundamentals help investors to digest information that contributes to CNX Resources' financial success or failures. It also enables traders to predict the movement of CNX Stock. The fundamental analysis module provides a way to measure CNX Resources' 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 CNX Resources stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.51 | 0.92 |
CNX | Current Ratio |
CNX Resources Corp Company Current Ratio Analysis
CNX Resources' 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 CNX Resources Current Ratio | 0.30 X |
Most of CNX Resources' 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, CNX Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
CNX Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for CNX Resources is extremely important. It helps to project a fair market value of CNX Stock properly, considering its historical fundamentals such as Current Ratio. Since CNX Resources' 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 CNX Resources' 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 CNX Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
CNX Current Ratio Historical Pattern
Today, most investors in CNX Resources Stock are looking for potential investment opportunities by analyzing not only static indicators but also various CNX Resources' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of CNX Resources current ratio as a starting point in their analysis.
CNX Resources Current Ratio |
| Timeline |
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 |
CNX Discontinued Operations
Discontinued Operations |
|
In accordance with the recently published financial statements, CNX Resources Corp has a Current Ratio of 0.3 times. This is 78.57% lower than that of the Oil, Gas & Consumable Fuels sector and 89.55% lower than that of the Energy industry. The current ratio for all United States stocks is 86.11% higher than that of the company.
CNX Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CNX Resources' 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 CNX Resources could also be used in its relative valuation, which is a method of valuing CNX Resources by comparing valuation metrics of similar companies.CNX Resources is currently under evaluation in current ratio category among related companies.
CNX Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of CNX Resources from analyzing CNX Resources' financial statements. These drivers represent accounts that assess CNX Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CNX Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.7B | 2.2B | 3.0B | 3.2B | 3.7B | 5.4B | |
| Enterprise Value | 4.6B | 4.7B | 5.2B | 5.6B | 5.0B | 5.4B |
CNX Fundamentals
| Return On Equity | 0.47 | ||||
| Return On Asset | 0.16 | ||||
| Profit Margin | 1.18 % | ||||
| Operating Margin | 1.89 % | ||||
| Current Valuation | 5.96 B | ||||
| Shares Outstanding | 153.14 M | ||||
| Shares Owned By Insiders | 4.20 % | ||||
| Shares Owned By Institutions | 95.80 % | ||||
| Number Of Shares Shorted | 27.7 M | ||||
| Price To Earning | 4.38 X | ||||
| Price To Book | 0.85 X | ||||
| Price To Sales | 2.54 X | ||||
| Revenue | 1.5 B | ||||
| Gross Profit | 3.26 B | ||||
| EBITDA | 744.77 M | ||||
| Net Income | 1.72 B | ||||
| Cash And Equivalents | 21.32 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 2.37 B | ||||
| Debt To Equity | 0.95 % | ||||
| Current Ratio | 0.30 X | ||||
| Book Value Per Share | 28.25 X | ||||
| Cash Flow From Operations | 814.59 M | ||||
| Short Ratio | 8.43 X | ||||
| Earnings Per Share | 8.99 X | ||||
| Price To Earnings To Growth | 0.96 X | ||||
| Target Price | 24.44 | ||||
| Number Of Employees | 470 | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 3.63 B | ||||
| Total Asset | 8.63 B | ||||
| Retained Earnings | 1.98 B | ||||
| Working Capital | (401.21 M) | ||||
| Current Asset | 804.76 M | ||||
| Current Liabilities | 1.68 B | ||||
| Net Asset | 8.63 B |
About CNX Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CNX Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CNX Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CNX Resources Corp 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 CNX Resources
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 CNX Resources 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 CNX Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with CNX Stock
| 0.95 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.93 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.95 | SD | SandRidge Energy | PairCorr |
| 0.94 | SM | SM Energy Earnings Call This Week | PairCorr |
Moving against CNX Stock
| 0.69 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
| 0.62 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to CNX Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNX Resources 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 CNX Resources - 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 CNX Resources Corp to buy it.
The correlation of CNX Resources 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 CNX Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNX Resources Corp 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 CNX Resources 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 CNX Resources Piotroski F Score and CNX Resources Altman Z Score analysis. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for CNX Stock analysis
When running CNX Resources' price analysis, check to measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is CNX Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CNX Resources. If investors know CNX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CNX Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.51) | Earnings Share 8.99 | Revenue Per Share 9.002 | Quarterly Revenue Growth (0.59) | Return On Assets 0.1633 |
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CNX Resources' market value can be influenced by many factors that don't directly affect CNX Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.