Easywell Biomedicals Stock Current Ratio
| 1799 Stock | TWD 67.90 3.10 4.78% |
Easywell Biomedicals fundamentals help investors to digest information that contributes to Easywell Biomedicals' financial success or failures. It also enables traders to predict the movement of Easywell Stock. The fundamental analysis module provides a way to measure Easywell Biomedicals' 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 Easywell Biomedicals stock.
Easywell |
Easywell Biomedicals Company Current Ratio Analysis
Easywell Biomedicals' 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 Easywell Biomedicals Current Ratio | 6.64 X |
Most of Easywell Biomedicals' 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, Easywell Biomedicals 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).
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In accordance with the recently published financial statements, Easywell Biomedicals has a Current Ratio of 6.64 times. This is 128.18% higher than that of the Healthcare sector and 95.29% higher than that of the Medical Devices industry. The current ratio for all Taiwan stocks is notably lower than that of the firm.
Easywell Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Easywell Biomedicals' 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 Easywell Biomedicals could also be used in its relative valuation, which is a method of valuing Easywell Biomedicals by comparing valuation metrics of similar companies.Easywell Biomedicals is currently under evaluation in current ratio category among its peers.
Easywell Fundamentals
| EBITDA | (140.2 M) | |||
| Net Income | (183.52 M) | |||
| Cash And Equivalents | 399.51 M | |||
| Cash Per Share | 3.49 X | |||
| Total Debt | 344.06 M | |||
| Debt To Equity | 0.41 % | |||
| Current Ratio | 6.64 X | |||
| Book Value Per Share | 7.01 X | |||
| Cash Flow From Operations | (102.55 M) | |||
| Earnings Per Share | (1.31) X | |||
| Number Of Employees | 11 | |||
| Beta | 0.93 | |||
| Market Capitalization | 1.2 B | |||
| Z Score | 1.8 | |||
| Last Dividend Paid | 1.79 |
About Easywell Biomedicals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Easywell Biomedicals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Easywell Biomedicals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Easywell Biomedicals 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 Easywell Biomedicals
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 Easywell Biomedicals 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 Easywell Biomedicals will appreciate offsetting losses from the drop in the long position's value.Moving against Easywell Stock
| 0.84 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.83 | 2357 | Asustek Computer | PairCorr |
| 0.81 | 3293 | International Games | PairCorr |
| 0.76 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.76 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Easywell Biomedicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Easywell Biomedicals 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 Easywell Biomedicals - 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 Easywell Biomedicals to buy it.
The correlation of Easywell Biomedicals 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 Easywell Biomedicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Easywell Biomedicals 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 Easywell Biomedicals 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.Additional Tools for Easywell Stock Analysis
When running Easywell Biomedicals' price analysis, check to measure Easywell Biomedicals' 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 Easywell Biomedicals is operating at the current time. Most of Easywell Biomedicals' value examination focuses on studying past and present price action to predict the probability of Easywell Biomedicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Easywell Biomedicals' price. Additionally, you may evaluate how the addition of Easywell Biomedicals to your portfolios can decrease your overall portfolio volatility.