Digital Ally Stock Current Ratio

DGLY Stock

USD 0.84 0.02 2.44%

Digital Ally fundamentals help investors to digest information that contributes to Digital Ally's financial success or failures. It also enables traders to predict the movement of Digital Stock. The fundamental analysis module provides a way to measure Digital Ally'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 Digital Ally stock.

		Last Reported	Projected for Next Year
	Current Ratio	0.69	0.66

Current Ratio is likely to drop to 0.66 in 2024.

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Digital Ally Company Current Ratio Analysis

Digital Ally'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 Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Digital Ally Current Ratio

1.79 X

Most of Digital Ally'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, Digital Ally is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Digital Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Digital Ally is extremely important. It helps to project a fair market value of Digital Stock properly, considering its historical fundamentals such as Current Ratio. Since Digital Ally's 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 Digital Ally's 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 Digital Ally's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Treasury Stock	Intangible Assets	Net Tangible Assets	Long Term Debt	Short Term Investments	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Long Term Debt Total	Short Long Term Debt	Net Invested Capital	Long Term Investments	Net Working Capital	Capital Stock
Total Assets		0.91	0.48	-0.63	-0.45	0.57	0.82	0.62	0.9	0.06	0.53	0.78	-0.17	0.88	0.74	-0.26	0.23	0.61	0.45	0.41	-0.35	-0.5	0.95	-0.55	0.64	0.52
Total Stockholder Equity	0.91		0.23	-0.78	-0.2	0.37	0.73	0.36	0.92	-0.17	0.6	0.64	-0.18	0.76	0.69	-0.5	0.05	0.41	0.25	0.23	-0.51	-0.55	0.95	-0.33	0.74	0.61
Current Deferred Revenue	0.48	0.23		0.15	-0.98	0.81	0.53	0.87	0.28	0.44	0.07	0.75	-0.01	0.7	0.61	0.24	0.26	0.96	0.89	0.67	0.11	-0.32	0.43	-0.83	0.01	-0.05
Net Debt	-0.63	-0.78	0.15		-0.14	0.2	-0.24	0.07	-0.82	0.42	-0.84	-0.12	0.15	-0.31	-0.19	0.41	0.05	-0.06	-0.04	-0.1	0.28	0.57	-0.66	0.11	-0.88	-0.89
Retained Earnings	-0.45	-0.2	-0.98	-0.14		-0.73	-0.53	-0.81	-0.27	-0.4	-0.08	-0.67	0.12	-0.62	-0.52	-0.24	-0.32	-0.97	-0.91	-0.73	-0.14	0.41	-0.38	0.87	-0.04	0.02
Accounts Payable	0.57	0.37	0.81	0.2	-0.73		0.7	0.89	0.29	0.57	-0.18	0.93	0.08	0.84	0.84	-0.03	0.23	0.75	0.56	0.39	-0.26	-0.02	0.55	-0.54	-0.17	-0.26
Net Receivables	0.82	0.73	0.53	-0.24	-0.53	0.7		0.6	0.66	0.16	0.11	0.76	-0.41	0.76	0.74	-0.3	0.27	0.61	0.45	0.45	-0.39	-0.43	0.73	-0.47	0.3	0.11
Total Liab	0.62	0.36	0.87	0.07	-0.81	0.89	0.6		0.43	0.59	0.07	0.88	0.0	0.82	0.73	0.21	0.36	0.82	0.67	0.52	-0.06	-0.07	0.56	-0.68	0.0	0.0
Total Current Assets	0.9	0.92	0.28	-0.82	-0.27	0.29	0.66	0.43		-0.07	0.7	0.55	-0.34	0.68	0.54	-0.34	0.21	0.46	0.36	0.41	-0.28	-0.55	0.87	-0.38	0.79	0.75
Short Term Debt	0.06	-0.17	0.44	0.42	-0.4	0.57	0.16	0.59	-0.07		-0.26	0.4	0.11	0.27	0.27	-0.05	0.62	0.33	0.23	0.36	0.1	0.4	0.03	-0.11	-0.43	-0.29
Common Stock	0.53	0.6	0.07	-0.84	-0.08	-0.18	0.11	0.07	0.7	-0.26		0.14	-0.07	0.29	0.15	-0.18	0.05	0.25	0.18	0.16	-0.13	-0.5	0.59	-0.36	0.86	0.95
Property Plant Equipment	0.78	0.64	0.75	-0.12	-0.67	0.93	0.76	0.88	0.55	0.4	0.14		0.09	0.96	0.95	-0.12	0.18	0.77	0.52	0.33	-0.43	-0.17	0.79	-0.6	0.13	0.06
Treasury Stock	-0.17	-0.18	-0.01	0.15	0.12	0.08	-0.41	0.0	-0.34	0.11	-0.07	0.09		0.06	0.2	0.07	-0.18	-0.08	-0.19	-0.3	-0.27	0.32	-0.04	0.06	-0.27	-0.19
Intangible Assets	0.88	0.76	0.7	-0.31	-0.62	0.84	0.76	0.82	0.68	0.27	0.29	0.96	0.06		0.9	-0.14	0.18	0.74	0.52	0.35	-0.36	-0.3	0.89	-0.63	0.34	0.21
Net Tangible Assets	0.74	0.69	0.61	-0.19	-0.52	0.84	0.74	0.73	0.54	0.27	0.15	0.95	0.2	0.9		-0.28	0.04	0.66	0.4	0.22	-0.63	-0.19	0.78	-0.46	0.12	0.07
Long Term Debt	-0.26	-0.5	0.24	0.41	-0.24	-0.03	-0.3	0.21	-0.34	-0.05	-0.18	-0.12	0.07	-0.14	-0.28		-0.01	0.09	0.18	0.05	0.51	0.15	-0.4	-0.34	-0.26	-0.26
Short Term Investments	0.23	0.05	0.26	0.05	-0.32	0.23	0.27	0.36	0.21	0.62	0.05	0.18	-0.18	0.18	0.04	-0.01		0.28	0.15	0.56	0.14	-0.09	0.15	-0.31	0.13	0.09
Capital Surpluse	0.61	0.41	0.96	-0.06	-0.97	0.75	0.61	0.82	0.46	0.33	0.25	0.77	-0.08	0.74	0.66	0.09	0.28		0.9	0.72	-0.02	-0.51	0.57	-0.87	0.21	0.15
Deferred Long Term Liab	0.45	0.25	0.89	-0.04	-0.91	0.56	0.45	0.67	0.36	0.23	0.18	0.52	-0.19	0.52	0.4	0.18	0.15	0.9		0.82	0.29	-0.52	0.36	-0.72	0.16	0.1
Accumulated Depreciation	0.41	0.23	0.67	-0.1	-0.73	0.39	0.45	0.52	0.41	0.36	0.16	0.33	-0.3	0.35	0.22	0.05	0.56	0.72	0.82		0.3	-0.54	0.27	-0.54	0.21	0.14
Long Term Debt Total	-0.35	-0.51	0.11	0.28	-0.14	-0.26	-0.39	-0.06	-0.28	0.1	-0.13	-0.43	-0.27	-0.36	-0.63	0.51	0.14	-0.02	0.29	0.3		0.07	-0.45	-0.04	-0.07	-0.11
Short Long Term Debt	-0.5	-0.55	-0.32	0.57	0.41	-0.02	-0.43	-0.07	-0.55	0.4	-0.5	-0.17	0.32	-0.3	-0.19	0.15	-0.09	-0.51	-0.52	-0.54	0.07		-0.43	0.58	-0.65	-0.48
Net Invested Capital	0.95	0.95	0.43	-0.66	-0.38	0.55	0.73	0.56	0.87	0.03	0.59	0.79	-0.04	0.89	0.78	-0.4	0.15	0.57	0.36	0.27	-0.45	-0.43		-0.48	0.68	0.56
Long Term Investments	-0.55	-0.33	-0.83	0.11	0.87	-0.54	-0.47	-0.68	-0.38	-0.11	-0.36	-0.6	0.06	-0.63	-0.46	-0.34	-0.31	-0.87	-0.72	-0.54	-0.04	0.58	-0.48		-0.34	-0.23
Net Working Capital	0.64	0.74	0.01	-0.88	-0.04	-0.17	0.3	0.0	0.79	-0.43	0.86	0.13	-0.27	0.34	0.12	-0.26	0.13	0.21	0.16	0.21	-0.07	-0.65	0.68	-0.34		0.88
Capital Stock	0.52	0.61	-0.05	-0.89	0.02	-0.26	0.11	0.0	0.75	-0.29	0.95	0.06	-0.19	0.21	0.07	-0.26	0.09	0.15	0.1	0.14	-0.11	-0.48	0.56	-0.23	0.88

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Digital Current Ratio Historical Pattern

Today, most investors in Digital Ally Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Digital Ally's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Digital Ally current ratio as a starting point in their analysis.

Digital Ally Current Ratio

Timeline

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

Predict Digital Ally

Current Ratio Over Time

Digital Price To Sales Ratio

Price To Sales Ratio

0.2

At this time, Digital Ally's Price To Sales Ratio is fairly stable compared to the past year.

In accordance with the recently published financial statements, Digital Ally has a Current Ratio of 1.79 times. This is 13.11% lower than that of the Electronic Equipment, Instruments & Components sector and 28.11% lower than that of the Information Technology industry. The current ratio for all United States stocks is 17.13% higher than that of the company.

Digital Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Digital Ally's 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 Digital Ally could also be used in its relative valuation, which is a method of valuing Digital Ally by comparing valuation metrics of similar companies.

Digital Ally is currently under evaluation in current ratio category among its peers.

Digital Fundamentals

	Return On Equity	-1.58
	Return On Asset	-0.24
	Profit Margin	(0.86) %
	Operating Margin	(0.70) %
	Current Valuation	14.81 M
	Shares Outstanding	4.66 M
	Shares Owned By Insiders	5.90 %
	Shares Owned By Institutions	3.01 %
	Number Of Shares Shorted	377.45 K
	Price To Earning	23.42 X
	Price To Book	1.65 X
	Price To Sales	0.16 X
	Revenue	28.25 M
	Gross Profit	5.66 M
	EBITDA	(20.11 M)
	Net Income	(25.69 M)
	Cash And Equivalents	13.45 M
	Cash Per Share	0.28 X
	Total Debt	9.92 M
	Debt To Equity	0.05 %
	Current Ratio	1.79 X
	Book Value Per Share	0.66 X
	Cash Flow From Operations	(9.89 M)
	Short Ratio	6.31 X
	Earnings Per Share	(7.10) X
	Price To Earnings To Growth	(0.09) X
	Target Price	11.0
	Number Of Employees	170
	Beta	0.87
	Market Capitalization	3.83 M
	Total Asset	47.03 M
	Retained Earnings	(117.67 M)
	Working Capital	(6.96 M)
	Current Asset	21.68 M
	Current Liabilities	2.99 M
	Net Asset	47.03 M

About Digital Ally Fundamental Analysis

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

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

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