Electronic Systems Technology Stock Current Ratio
| ELST Stock | USD 0.27 0.00 0.00% |
Electronic Systems Technology fundamentals help investors to digest information that contributes to Electronic Systems' financial success or failures. It also enables traders to predict the movement of Electronic Pink Sheet. The fundamental analysis module provides a way to measure Electronic Systems' 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 Electronic Systems pink sheet.
Electronic |
Electronic Systems Technology Company Current Ratio Analysis
Electronic Systems' 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 Electronic Systems Current Ratio | 21.04 X |
Most of Electronic Systems' 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, Electronic Systems Technology 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, Electronic Systems Technology has a Current Ratio of 21.04 times. This is much higher than that of the Communications Equipment sector and notably higher than that of the Information Technology industry. The current ratio for all United States stocks is notably lower than that of the firm.
Electronic Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electronic Systems' 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 Electronic Systems could also be used in its relative valuation, which is a method of valuing Electronic Systems by comparing valuation metrics of similar companies.Electronic Systems is currently under evaluation in current ratio category among related companies.
Electronic Fundamentals
| Return On Equity | -0.0103 | |||
| Return On Asset | -0.0068 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0.01) % | |||
| Current Valuation | 109.83 K | |||
| Shares Outstanding | 4.95 M | |||
| Shares Owned By Insiders | 32.60 % | |||
| Price To Earning | 13.76 X | |||
| Price To Book | 0.59 X | |||
| Price To Sales | 0.57 X | |||
| Revenue | 1.51 M | |||
| Gross Profit | 747.02 K | |||
| EBITDA | 100.65 K | |||
| Net Income | 92.99 K | |||
| Cash And Equivalents | 979.02 K | |||
| Cash Per Share | 0.20 X | |||
| Total Debt | 9.89 K | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 21.04 X | |||
| Book Value Per Share | 0.34 X | |||
| Cash Flow From Operations | 131.97 K | |||
| Earnings Per Share | 0.02 X | |||
| Beta | 0.38 | |||
| Market Capitalization | 1.39 M | |||
| Total Asset | 1.78 M | |||
| Retained Earnings | 1.12 M | |||
| Working Capital | 2.5 M | |||
| Current Asset | 2.54 M | |||
| Current Liabilities | 35.51 K | |||
| Z Score | 85.2 | |||
| Net Asset | 1.78 M |
About Electronic Systems Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Electronic Systems Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electronic Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electronic Systems Technology 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Electronic Systems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Electronic Systems' short interest history, or implied volatility extrapolated from Electronic Systems options trading.
Pair Trading with Electronic Systems
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 Electronic Systems 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 Electronic Systems will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Electronic Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electronic Systems 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 Electronic Systems - 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 Electronic Systems Technology to buy it.
The correlation of Electronic Systems 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 Electronic Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electronic Systems 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 Electronic Systems 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electronic Systems Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Electronic Pink Sheet analysis
When running Electronic Systems' price analysis, check to measure Electronic Systems' 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 Electronic Systems is operating at the current time. Most of Electronic Systems' value examination focuses on studying past and present price action to predict the probability of Electronic Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electronic Systems' price. Additionally, you may evaluate how the addition of Electronic Systems to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |