Leonovus Stock Current Ratio
| LTV Stock | CAD 0.04 0.00 0.00% |
LeoNovus fundamentals help investors to digest information that contributes to LeoNovus' financial success or failures. It also enables traders to predict the movement of LeoNovus Stock. The fundamental analysis module provides a way to measure LeoNovus' 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 LeoNovus stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.06 | 0.06 |
LeoNovus | Current Ratio |
LeoNovus Company Current Ratio Analysis
LeoNovus' 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 LeoNovus Current Ratio | 3.49 X |
Most of LeoNovus' 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, LeoNovus is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
LeoNovus Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for LeoNovus is extremely important. It helps to project a fair market value of LeoNovus Stock properly, considering its historical fundamentals such as Current Ratio. Since LeoNovus' 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 LeoNovus' 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 LeoNovus' 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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LeoNovus Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, LeoNovus has a Current Ratio of 3.49 times. This is 23.32% higher than that of the Software sector and 66.19% higher than that of the Information Technology industry. The current ratio for all Canada stocks is 61.57% lower than that of the firm.
LeoNovus Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses LeoNovus' 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 LeoNovus could also be used in its relative valuation, which is a method of valuing LeoNovus by comparing valuation metrics of similar companies.LeoNovus is currently under evaluation in current ratio category among its peers.
LeoNovus Current Valuation Drivers
We derive many important indicators used in calculating different scores of LeoNovus from analyzing LeoNovus' financial statements. These drivers represent accounts that assess LeoNovus' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of LeoNovus' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 4.3M | 4.0M | 3.6M | 836.0K | 1.3M | 1.2M | |
| Enterprise Value | 4.4M | 4.3M | 3.1M | 1.6M | 1.4M | 1.3M |
LeoNovus Fundamentals
| Return On Equity | -2.28 | ||||
| Return On Asset | -6.27 | ||||
| Current Valuation | 927.04 K | ||||
| Shares Outstanding | 20.9 M | ||||
| Shares Owned By Insiders | 4.08 % | ||||
| Number Of Shares Shorted | 624 | ||||
| Price To Earning | (30.62) X | ||||
| Price To Book | 24.64 X | ||||
| Price To Sales | 188.11 X | ||||
| Gross Profit | 78 K | ||||
| EBITDA | (801 K) | ||||
| Net Income | (53 K) | ||||
| Cash And Equivalents | 2.84 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 98 K | ||||
| Debt To Equity | 24.10 % | ||||
| Current Ratio | 3.49 X | ||||
| Book Value Per Share | (0.08) X | ||||
| Cash Flow From Operations | (79 K) | ||||
| Short Ratio | 0.71 X | ||||
| Earnings Per Share | (0.06) X | ||||
| Beta | 0.84 | ||||
| Market Capitalization | 836.04 K | ||||
| Total Asset | 106 K | ||||
| Retained Earnings | (56.14 M) | ||||
| Working Capital | (1.55 M) | ||||
| Net Asset | 106 K |
About LeoNovus Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze LeoNovus's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of LeoNovus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of LeoNovus 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 LeoNovus Stock Analysis
When running LeoNovus' price analysis, check to measure LeoNovus' 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 LeoNovus is operating at the current time. Most of LeoNovus' value examination focuses on studying past and present price action to predict the probability of LeoNovus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LeoNovus' price. Additionally, you may evaluate how the addition of LeoNovus to your portfolios can decrease your overall portfolio volatility.