International Current Ratio from 2010 to 2026
| ITH Stock | CAD 3.66 0.30 8.93% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 7.37 | Current Value 7 | Quarterly Volatility 7.03943938 |
Check International Tower financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among International Tower's main balance sheet or income statement drivers, such as Interest Expense of 8.2 K, Other Operating Expenses of 3.9 M or Total Operating Expenses of 3.9 M, as well as many indicators such as Price To Sales Ratio of 324.1 K, Dividend Yield of 0.0 or PTB Ratio of 1.76. International financial statements analysis is a perfect complement when working with International Tower Valuation or Volatility modules.
International | Current Ratio |
Evaluating International Tower's Current Ratio across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into International Tower Hill's fundamental strength.
Latest International Tower's Current Ratio Growth Pattern
Below is the plot of the Current Ratio of International Tower Hill over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. International Tower's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in International Tower's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 19.21 X | 10 Years Trend |
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Current Ratio |
| Timeline |
International Current Ratio Regression Statistics
| Arithmetic Mean | 12.06 | |
| Geometric Mean | 9.95 | |
| Coefficient Of Variation | 58.39 | |
| Mean Deviation | 5.75 | |
| Median | 9.50 | |
| Standard Deviation | 7.04 | |
| Sample Variance | 49.55 | |
| Range | 25.2953 | |
| R-Value | (0.06) | |
| Mean Square Error | 52.67 | |
| R-Squared | 0 | |
| Significance | 0.82 | |
| Slope | (0.08) | |
| Total Sum of Squares | 792.86 |
International Current Ratio History
About International Tower Financial Statements
International Tower investors utilize fundamental indicators, such as Current Ratio, to predict how International Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 7.37 | 7.00 |
Pair Trading with International Tower
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 International Tower 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 International Tower will appreciate offsetting losses from the drop in the long position's value.Moving together with International Stock
| 0.93 | AG | First Majestic Silver | PairCorr |
| 0.89 | IE | Ivanhoe Energy | PairCorr |
| 0.95 | ORE | Orezone Gold Corp | PairCorr |
| 0.89 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to International Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Tower 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 International Tower - 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 International Tower Hill to buy it.
The correlation of International Tower 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 International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill 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 International Tower 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 the analysis of International Tower Correlation against competitors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .