Firan Technology Group Stock Current Ratio
| FTG Stock | CAD 7.50 0.11 1.45% |
Firan Technology Group fundamentals help investors to digest information that contributes to Firan Technology's financial success or failures. It also enables traders to predict the movement of Firan Stock. The fundamental analysis module provides a way to measure Firan Technology'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 Firan Technology stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 1.20 | 1.53 |
Firan | Current Ratio |
Firan Technology Group Company Current Ratio Analysis
Firan Technology'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 Firan Technology Current Ratio | 2.49 X |
Most of Firan Technology'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, Firan Technology Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Firan Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Firan Technology is extremely important. It helps to project a fair market value of Firan Stock properly, considering its historical fundamentals such as Current Ratio. Since Firan Technology'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 Firan Technology'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 Firan Technology'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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Firan Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Firan Technology Group has a Current Ratio of 2.49 times. This is 20.87% higher than that of the Aerospace & Defense sector and 11.39% lower than that of the Industrials industry. The current ratio for all Canada stocks is 15.28% lower than that of the firm.
Firan Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Firan Technology'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 Firan Technology could also be used in its relative valuation, which is a method of valuing Firan Technology by comparing valuation metrics of similar companies.Firan Technology is currently under evaluation in current ratio category among its peers.
Firan Technology Current Valuation Drivers
We derive many important indicators used in calculating different scores of Firan Technology from analyzing Firan Technology's financial statements. These drivers represent accounts that assess Firan Technology's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Firan Technology's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 46.4M | 57.6M | 45.2M | 107.3M | 13.7M | 13.0M | |
| Enterprise Value | 46.2M | 50.3M | 43.2M | 135.9M | 18.1M | 31.9M |
Firan Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.077 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 204.45 M | ||||
| Shares Outstanding | 23.87 M | ||||
| Shares Owned By Insiders | 32.64 % | ||||
| Shares Owned By Institutions | 11.99 % | ||||
| Number Of Shares Shorted | 32.99 K | ||||
| Price To Earning | 13.31 X | ||||
| Price To Book | 2.67 X | ||||
| Price To Sales | 1.14 X | ||||
| Revenue | 135.2 M | ||||
| Gross Profit | 26.63 M | ||||
| EBITDA | 22.26 M | ||||
| Net Income | 11.82 M | ||||
| Cash And Equivalents | 13.71 M | ||||
| Cash Per Share | 0.57 X | ||||
| Total Debt | 35.18 M | ||||
| Debt To Equity | 0.27 % | ||||
| Current Ratio | 2.49 X | ||||
| Book Value Per Share | 2.81 X | ||||
| Cash Flow From Operations | 11.3 M | ||||
| Short Ratio | 0.79 X | ||||
| Earnings Per Share | 0.42 X | ||||
| Target Price | 10.0 | ||||
| Beta | 1.47 | ||||
| Market Capitalization | 179.06 M | ||||
| Total Asset | 125.71 M | ||||
| Retained Earnings | 31.04 M | ||||
| Working Capital | 41.05 M | ||||
| Net Asset | 125.71 M |
About Firan Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Firan Technology Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Firan Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Firan Technology Group 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.
Pair Trading with Firan Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Firan Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Firan Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Firan Stock
The ability to find closely correlated positions to Firan Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firan Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Firan Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Firan Technology Group to buy it.
The correlation of Firan Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Firan Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Firan Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Firan Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Firan Stock
Firan Technology financial ratios help investors to determine whether Firan 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 Firan with respect to the benefits of owning Firan Technology security.