Ichitan Group Public Stock Current Ratio

ICHI Stock  THB 14.70  0.10  0.68%   
Ichitan Group Public fundamentals help investors to digest information that contributes to Ichitan Group's financial success or failures. It also enables traders to predict the movement of Ichitan Stock. The fundamental analysis module provides a way to measure Ichitan Group'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 Ichitan Group stock.
  
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Ichitan Group Public Company Current Ratio Analysis

Ichitan Group'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 Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Ichitan Group Current Ratio

    
  0.96 X  
Most of Ichitan Group'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, Ichitan Group Public is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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

In accordance with the recently published financial statements, Ichitan Group Public has a Current Ratio of 0.96 times. This is 51.76% lower than that of the Food Products sector and 55.35% lower than that of the Consumer Staples industry. The current ratio for all Thailand stocks is 55.56% higher than that of the company.

Ichitan Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ichitan Group'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 Ichitan Group could also be used in its relative valuation, which is a method of valuing Ichitan Group by comparing valuation metrics of similar companies.
Ichitan Group is currently under evaluation in current ratio category among its peers.

Ichitan Fundamentals

About Ichitan Group Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ichitan Group Public's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ichitan Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ichitan Group Public 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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Other Information on Investing in Ichitan Stock

Ichitan Group financial ratios help investors to determine whether Ichitan 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 Ichitan with respect to the benefits of owning Ichitan Group security.