Hut 8 Corp Stock Current Ratio
| HUT Stock | USD 25.92 2.44 10.39% |
Hut 8 Corp fundamentals help investors to digest information that contributes to Hut 8's financial success or failures. It also enables traders to predict the movement of Hut Stock. The fundamental analysis module provides a way to measure Hut 8'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 Hut 8 stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.55 | 0.52 |
Hut | Current Ratio |
Hut 8 Corp Company Current Ratio Analysis
Hut 8'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 Hut 8 Current Ratio | 9.57 X |
Most of Hut 8'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, Hut 8 Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Hut Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Hut 8 is extremely important. It helps to project a fair market value of Hut Stock properly, considering its historical fundamentals such as Current Ratio. Since Hut 8'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 Hut 8'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 Hut 8's interrelated accounts and indicators.
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Hut Current Ratio Historical Pattern
Today, most investors in Hut 8 Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Hut 8'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 Hut 8 current ratio as a starting point in their analysis.
Hut 8 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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Hut Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Hut 8 Corp has a Current Ratio of 9.57 times. This is 136.3% higher than that of the Capital Markets sector and 183.14% higher than that of the Financials industry. The current ratio for all United States stocks is notably lower than that of the firm.
Hut Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hut 8'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 Hut 8 could also be used in its relative valuation, which is a method of valuing Hut 8 by comparing valuation metrics of similar companies.Hut 8 is currently under evaluation in current ratio category among its peers.
Hut Fundamentals
| Return On Equity | -1.23 | ||||
| Return On Asset | -0.0425 | ||||
| Profit Margin | 1.02 % | ||||
| Operating Margin | (2.40) % | ||||
| Current Valuation | 2.7 B | ||||
| Shares Outstanding | 93.39 M | ||||
| Shares Owned By Insiders | 58.66 % | ||||
| Shares Owned By Institutions | 57.48 % | ||||
| Number Of Shares Shorted | 12.73 M | ||||
| Price To Earning | 3.08 X | ||||
| Price To Book | 3.45 X | ||||
| Price To Sales | 12.50 X | ||||
| Revenue | 81.8 M | ||||
| Gross Profit | (24.97 M) | ||||
| EBITDA | 1.36 M | ||||
| Net Income | 8.38 M | ||||
| Cash And Equivalents | 33.02 M | ||||
| Cash Per Share | 0.17 X | ||||
| Total Debt | 268.75 M | ||||
| Debt To Equity | 0.10 % | ||||
| Current Ratio | 9.57 X | ||||
| Book Value Per Share | 7.26 X | ||||
| Cash Flow From Operations | (26.48 M) | ||||
| Short Ratio | 2.65 X | ||||
| Earnings Per Share | (0.78) X | ||||
| Target Price | 24.95 | ||||
| Number Of Employees | 219 | ||||
| Beta | 3.45 | ||||
| Market Capitalization | 2.23 B | ||||
| Total Asset | 976.87 M | ||||
| Retained Earnings | (132.19 M) | ||||
| Working Capital | 215.49 M | ||||
| Net Asset | 976.87 M |
About Hut 8 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hut 8 Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hut 8 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hut 8 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.
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Additional Tools for Hut Stock Analysis
When running Hut 8's price analysis, check to measure Hut 8'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 Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.