Kingfisher Metals Corp Stock Current Ratio
| KFR Stock | CAD 0.19 0.03 18.75% |
Kingfisher Metals Corp fundamentals help investors to digest information that contributes to Kingfisher Metals' financial success or failures. It also enables traders to predict the movement of Kingfisher Stock. The fundamental analysis module provides a way to measure Kingfisher Metals' 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 Kingfisher Metals stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 4.80 | 4.56 |
Kingfisher | Current Ratio |
Kingfisher Metals Corp Company Current Ratio Analysis
Kingfisher Metals' 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 Kingfisher Metals Current Ratio | 7.71 X |
Most of Kingfisher Metals' 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, Kingfisher Metals Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Kingfisher Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Kingfisher Metals is extremely important. It helps to project a fair market value of Kingfisher Stock properly, considering its historical fundamentals such as Current Ratio. Since Kingfisher Metals' 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 Kingfisher Metals' 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 Kingfisher Metals' interrelated accounts and indicators.
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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, Kingfisher Metals Corp has a Current Ratio of 7.71 times. This is 101.31% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current ratio for all Canada stocks is notably lower than that of the firm.
Kingfisher Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kingfisher Metals' 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 Kingfisher Metals could also be used in its relative valuation, which is a method of valuing Kingfisher Metals by comparing valuation metrics of similar companies.Kingfisher Metals is currently under evaluation in current ratio category among related companies.
Kingfisher Fundamentals
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0558 | ||||
| Current Valuation | 2.44 M | ||||
| Shares Outstanding | 28.32 M | ||||
| Shares Owned By Insiders | 32.48 % | ||||
| Shares Owned By Institutions | 14.64 % | ||||
| Number Of Shares Shorted | 23.99 K | ||||
| Price To Book | 0.36 X | ||||
| EBITDA | (1.45 M) | ||||
| Net Income | (1.6 M) | ||||
| Cash And Equivalents | 7.63 M | ||||
| Cash Per Share | 0.07 X | ||||
| Current Ratio | 7.71 X | ||||
| Book Value Per Share | 0.59 X | ||||
| Cash Flow From Operations | (1.21 M) | ||||
| Short Ratio | 2.28 X | ||||
| Earnings Per Share | (0.05) X | ||||
| Beta | -0.15 | ||||
| Market Capitalization | 4.53 M | ||||
| Total Asset | 15.82 M | ||||
| Retained Earnings | (6.5 M) | ||||
| Working Capital | 2.01 M | ||||
| Net Asset | 15.82 M |
About Kingfisher Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kingfisher Metals Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kingfisher Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kingfisher Metals 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.
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 Kingfisher Metals 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, Kingfisher Metals' short interest history, or implied volatility extrapolated from Kingfisher Metals options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingfisher Metals Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Kingfisher Stock analysis
When running Kingfisher Metals' price analysis, check to measure Kingfisher Metals' 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 Kingfisher Metals is operating at the current time. Most of Kingfisher Metals' value examination focuses on studying past and present price action to predict the probability of Kingfisher Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingfisher Metals' price. Additionally, you may evaluate how the addition of Kingfisher Metals to your portfolios can decrease your overall portfolio volatility.
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