Ecosynthetix Stock Current Ratio
| ECO Stock | CAD 4.07 0.06 1.50% |
EcoSynthetix fundamentals help investors to digest information that contributes to EcoSynthetix's financial success or failures. It also enables traders to predict the movement of EcoSynthetix Stock. The fundamental analysis module provides a way to measure EcoSynthetix'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 EcoSynthetix stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 24.00 | 18.98 |
EcoSynthetix | Current Ratio |
EcoSynthetix Company Current Ratio Analysis
EcoSynthetix'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 EcoSynthetix Current Ratio | 30.53 X |
Most of EcoSynthetix'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, EcoSynthetix is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
EcoSynthetix Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for EcoSynthetix is extremely important. It helps to project a fair market value of EcoSynthetix Stock properly, considering its historical fundamentals such as Current Ratio. Since EcoSynthetix'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 EcoSynthetix'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 EcoSynthetix's interrelated accounts and indicators.
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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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EcoSynthetix Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, EcoSynthetix has a Current Ratio of 30.53 times. This is much higher than that of the Chemicals sector and notably higher than that of the Materials industry. The current ratio for all Canada stocks is notably lower than that of the firm.
EcoSynthetix Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EcoSynthetix'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 EcoSynthetix could also be used in its relative valuation, which is a method of valuing EcoSynthetix by comparing valuation metrics of similar companies.EcoSynthetix is currently under evaluation in current ratio category among its peers.
EcoSynthetix Current Valuation Drivers
We derive many important indicators used in calculating different scores of EcoSynthetix from analyzing EcoSynthetix's financial statements. These drivers represent accounts that assess EcoSynthetix's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of EcoSynthetix's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 118.9M | 165.6M | 266.0M | 179.0M | 159.9M | 100.7M | |
| Enterprise Value | 112.3M | 150.3M | 224.8M | 175.0M | 155.6M | 163.4M |
EcoSynthetix Fundamentals
| Return On Equity | -0.0429 | ||||
| Return On Asset | -0.0579 | ||||
| Profit Margin | (0.11) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 184.63 M | ||||
| Shares Outstanding | 58.61 M | ||||
| Shares Owned By Insiders | 14.48 % | ||||
| Shares Owned By Institutions | 14.73 % | ||||
| Number Of Shares Shorted | 400.74 K | ||||
| Price To Earning | (18.42) X | ||||
| Price To Book | 4.17 X | ||||
| Price To Sales | 14.74 X | ||||
| Revenue | 12.66 M | ||||
| Gross Profit | 4.15 M | ||||
| EBITDA | (3.75 M) | ||||
| Net Income | (2.82 M) | ||||
| Cash And Equivalents | 44.59 M | ||||
| Cash Per Share | 0.76 X | ||||
| Total Debt | 584.36 K | ||||
| Debt To Equity | 2.70 % | ||||
| Current Ratio | 30.53 X | ||||
| Book Value Per Share | 0.68 X | ||||
| Cash Flow From Operations | 316.99 K | ||||
| Short Ratio | 12.89 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 8.39 | ||||
| Number Of Employees | 25 | ||||
| Beta | 0.86 | ||||
| Market Capitalization | 235.01 M | ||||
| Total Asset | 42.84 M | ||||
| Retained Earnings | (459.55 M) | ||||
| Working Capital | 36.96 M | ||||
| Net Asset | 42.84 M |
About EcoSynthetix Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EcoSynthetix's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EcoSynthetix using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EcoSynthetix 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.
Other Information on Investing in EcoSynthetix Stock
EcoSynthetix financial ratios help investors to determine whether EcoSynthetix Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EcoSynthetix with respect to the benefits of owning EcoSynthetix security.