Doubleline Etf Trust Etf Current Ratio
| DCMT Etf | 26.49 0.04 0.15% |
DoubleLine ETF Trust fundamentals help investors to digest information that contributes to DoubleLine ETF's financial success or failures. It also enables traders to predict the movement of DoubleLine Etf. The fundamental analysis module provides a way to measure DoubleLine ETF's 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 DoubleLine ETF etf.
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DoubleLine ETF Trust ETF Current Ratio Analysis
DoubleLine ETF's 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 DoubleLine ETF Current Ratio | 4.92 X |
Most of DoubleLine ETF's 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, DoubleLine ETF Trust 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, DoubleLine ETF Trust has a Current Ratio of 4.92 times. This is much higher than that of the family and significantly higher than that of the Commodities Broad Basket category. The current ratio for all United States etfs is notably lower than that of the firm.
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DoubleLine Fundamentals
| Net Income | (1.29 M) | |||
| Cash And Equivalents | 2.53 M | |||
| Cash Per Share | 0.11 X | |||
| Current Ratio | 4.92 X | |||
| Cash Flow From Operations | 943 K | |||
| Market Capitalization | 3.77 M | |||
| Total Asset | 6.71 M | |||
| Retained Earnings | (34.53 M) | |||
| Working Capital | 5.24 M | |||
| Current Asset | 6.58 M | |||
| Current Liabilities | 1.34 M |
About DoubleLine ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze DoubleLine ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DoubleLine ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DoubleLine ETF Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
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Check out DoubleLine ETF Piotroski F Score and DoubleLine ETF Altman Z Score analysis. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of DoubleLine ETF Trust is measured differently than its book value, which is the value of DoubleLine that is recorded on the company's balance sheet. Investors also form their own opinion of DoubleLine ETF's value that differs from its market value or its book value, called intrinsic value, which is DoubleLine ETF's 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 DoubleLine ETF's market value can be influenced by many factors that don't directly affect DoubleLine ETF's 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 DoubleLine ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if DoubleLine ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DoubleLine ETF's 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.