Defense Metals Corp Stock Current Ratio

DEFN Stock  CAD 0.16  0.02  14.29%   
Defense Metals Corp fundamentals help investors to digest information that contributes to Defense Metals' financial success or failures. It also enables traders to predict the movement of Defense Stock. The fundamental analysis module provides a way to measure Defense 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 Defense Metals stock.
Last ReportedProjected for Next Year
Current Ratio 1.45  1.38 
Current Ratio is likely to drop to 1.38 in 2024.
  
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Defense Metals Corp Company Current Ratio Analysis

Defense 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 Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Defense Metals Current Ratio

    
  4.97 X  
Most of Defense 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, Defense Metals Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Defense Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Defense Metals is extremely important. It helps to project a fair market value of Defense Stock properly, considering its historical fundamentals such as Current Ratio. Since Defense 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 Defense 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 Defense Metals' interrelated accounts and indicators.
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, Defense Metals Corp has a Current Ratio of 4.97 times. This is 29.77% higher than that of the Metals & Mining sector and 25.51% higher than that of the Materials industry. The current ratio for all Canada stocks is 130.09% lower than that of the firm.

Defense Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Defense 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 Defense Metals could also be used in its relative valuation, which is a method of valuing Defense Metals by comparing valuation metrics of similar companies.
Defense Metals is currently under evaluation in current ratio category among its peers.

Defense Metals Current Valuation Drivers

We derive many important indicators used in calculating different scores of Defense Metals from analyzing Defense Metals' financial statements. These drivers represent accounts that assess Defense Metals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Defense Metals' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap3.8M21.5M27.8M53.5M57.3M60.2M
Enterprise Value3.6M20.6M27.1M51.8M56.4M59.2M

Defense Fundamentals

About Defense Metals Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Defense Metals Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Defense Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Defense 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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Defense Stock Analysis

When running Defense Metals' price analysis, check to measure Defense 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 Defense Metals is operating at the current time. Most of Defense Metals' value examination focuses on studying past and present price action to predict the probability of Defense Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Defense Metals' price. Additionally, you may evaluate how the addition of Defense Metals to your portfolios can decrease your overall portfolio volatility.