Canlan Ice Sports Stock Current Ratio
| ICE Stock | CAD 4.10 0.00 0.00% |
Canlan Ice Sports fundamentals help investors to digest information that contributes to Canlan Ice's financial success or failures. It also enables traders to predict the movement of Canlan Stock. The fundamental analysis module provides a way to measure Canlan Ice'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 Canlan Ice stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.82 | 0.52 |
Canlan | Current Ratio |
Canlan Ice Sports Company Current Ratio Analysis
Canlan Ice'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 Canlan Ice Current Ratio | 0.68 X |
Most of Canlan Ice'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, Canlan Ice Sports is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Canlan Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Canlan Ice is extremely important. It helps to project a fair market value of Canlan Stock properly, considering its historical fundamentals such as Current Ratio. Since Canlan Ice'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 Canlan Ice'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 Canlan Ice's interrelated accounts and indicators.
Click cells to compare fundamentals
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 |
Canlan Price To Sales Ratio
Price To Sales Ratio |
|
In accordance with the recently published financial statements, Canlan Ice Sports has a Current Ratio of 0.68 times. This is 70.04% lower than that of the Leisure Products sector and 67.77% lower than that of the Consumer Discretionary industry. The current ratio for all Canada stocks is 68.52% higher than that of the company.
Canlan Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canlan Ice'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 Canlan Ice could also be used in its relative valuation, which is a method of valuing Canlan Ice by comparing valuation metrics of similar companies.Canlan Ice is currently under evaluation in current ratio category among its peers.
Canlan Ice Current Valuation Drivers
We derive many important indicators used in calculating different scores of Canlan Ice from analyzing Canlan Ice's financial statements. These drivers represent accounts that assess Canlan Ice's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canlan Ice's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 68.0M | 48.7M | 45.3M | 52.0M | 54.7M | 33.4M | |
| Enterprise Value | 117.9M | 104.8M | 88.3M | 83.6M | 84.9M | 65.9M |
Canlan Fundamentals
| Return On Equity | -0.0154 | ||||
| Return On Asset | 0.0083 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 86.1 M | ||||
| Shares Outstanding | 13.34 M | ||||
| Shares Owned By Insiders | 93.45 % | ||||
| Number Of Shares Shorted | 337 | ||||
| Price To Earning | 20.04 X | ||||
| Price To Book | 1.14 X | ||||
| Price To Sales | 0.61 X | ||||
| Revenue | 86.15 M | ||||
| Gross Profit | 32.25 M | ||||
| EBITDA | 9.42 M | ||||
| Net Income | 435 K | ||||
| Cash And Equivalents | 18.53 M | ||||
| Cash Per Share | 0.90 X | ||||
| Total Debt | 49.27 M | ||||
| Debt To Equity | 139.00 % | ||||
| Current Ratio | 0.68 X | ||||
| Book Value Per Share | 3.35 X | ||||
| Cash Flow From Operations | 9.31 M | ||||
| Short Ratio | 0.80 X | ||||
| Earnings Per Share | (0.06) X | ||||
| Number Of Employees | 1 K | ||||
| Beta | 1.01 | ||||
| Market Capitalization | 54.68 M | ||||
| Total Asset | 122 M | ||||
| Retained Earnings | (21.83 M) | ||||
| Working Capital | (5.26 M) | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 2.19 % | ||||
| Net Asset | 122 M |
About Canlan Ice Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canlan Ice Sports's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canlan Ice using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canlan Ice Sports 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 Canlan Ice
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 Canlan Ice 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 Canlan Ice will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canlan Ice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canlan Ice 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 Canlan Ice - 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 Canlan Ice Sports to buy it.
The correlation of Canlan Ice 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 Canlan Ice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canlan Ice Sports 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 Canlan Ice 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 Canlan Stock
Canlan Ice financial ratios help investors to determine whether Canlan 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 Canlan with respect to the benefits of owning Canlan Ice security.