Envirotech Vehicles Stock Current Ratio
| EVTV Stock | USD 1.40 0.21 13.04% |
Envirotech Vehicles fundamentals help investors to digest information that contributes to Envirotech Vehicles' financial success or failures. It also enables traders to predict the movement of Envirotech Stock. The fundamental analysis module provides a way to measure Envirotech Vehicles' 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 Envirotech Vehicles stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 6.80 | 4.52 |
Envirotech | Current Ratio |
Envirotech Vehicles Company Current Ratio Analysis
Envirotech Vehicles' 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 Envirotech Vehicles Current Ratio | 16.08 X |
Most of Envirotech Vehicles' 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, Envirotech Vehicles is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Envirotech Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Envirotech Vehicles is extremely important. It helps to project a fair market value of Envirotech Stock properly, considering its historical fundamentals such as Current Ratio. Since Envirotech Vehicles' 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 Envirotech Vehicles' 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 Envirotech Vehicles' interrelated accounts and indicators.
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Envirotech Current Ratio Historical Pattern
Today, most investors in Envirotech Vehicles Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Envirotech Vehicles' 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 Envirotech Vehicles current ratio as a starting point in their analysis.
Envirotech Vehicles Current Ratio |
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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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Envirotech Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Envirotech Vehicles has a Current Ratio of 16.08 times. This is much higher than that of the Automobile Components sector and notably higher than that of the Consumer Discretionary industry. The current ratio for all United States stocks is notably lower than that of the firm.
Envirotech Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Envirotech Vehicles' 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 Envirotech Vehicles could also be used in its relative valuation, which is a method of valuing Envirotech Vehicles by comparing valuation metrics of similar companies.Envirotech Vehicles is currently under evaluation in current ratio category among its peers.
Envirotech Fundamentals
| Return On Equity | -0.62 | ||||
| Return On Asset | -0.2 | ||||
| Operating Margin | (1.63) % | ||||
| Current Valuation | 23.8 M | ||||
| Shares Outstanding | 16.62 M | ||||
| Shares Owned By Insiders | 14.33 % | ||||
| Shares Owned By Institutions | 5.46 % | ||||
| Number Of Shares Shorted | 264.51 K | ||||
| Price To Book | 1.23 X | ||||
| Price To Sales | 12.72 X | ||||
| Revenue | 2.86 M | ||||
| Gross Profit | 1.73 M | ||||
| EBITDA | (7.49 M) | ||||
| Net Income | (12.68 M) | ||||
| Cash And Equivalents | 4.6 M | ||||
| Cash Per Share | 0.31 X | ||||
| Total Debt | 806.55 K | ||||
| Current Ratio | 16.08 X | ||||
| Book Value Per Share | 1.36 X | ||||
| Cash Flow From Operations | (4.25 M) | ||||
| Short Ratio | 11.31 X | ||||
| Earnings Per Share | (0.62) X | ||||
| Target Price | 0.7 | ||||
| Number Of Employees | 14 | ||||
| Beta | 0.76 | ||||
| Market Capitalization | 23.27 M | ||||
| Total Asset | 22.65 M | ||||
| Retained Earnings | (64.61 M) | ||||
| Working Capital | 10.28 M | ||||
| Net Asset | 22.65 M |
About Envirotech Vehicles Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Envirotech Vehicles's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envirotech Vehicles using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envirotech Vehicles 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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Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.