Majic Wheels Corp Stock Current Ratio
| MJWL Stock | USD 0.0001 0.00 0.00% |
Majic Wheels Corp fundamentals help investors to digest information that contributes to Majic Wheels' financial success or failures. It also enables traders to predict the movement of Majic Stock. The fundamental analysis module provides a way to measure Majic Wheels' 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 Majic Wheels stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.01 | 0.01 |
Majic | Current Ratio |
Majic Wheels Corp Company Current Ratio Analysis
Majic Wheels' 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 Majic Wheels Current Ratio | 0.02 X |
Most of Majic Wheels' 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, Majic Wheels Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Majic Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Majic Wheels is extremely important. It helps to project a fair market value of Majic Stock properly, considering its historical fundamentals such as Current Ratio. Since Majic Wheels' 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 Majic Wheels' 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 Majic Wheels' 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).
| Competition |
In accordance with the recently published financial statements, Majic Wheels Corp has a Current Ratio of 0.02 times. This is 99.03% lower than that of the Commercial Services & Supplies sector and 98.77% lower than that of the Industrials industry. The current ratio for all United States stocks is 99.07% higher than that of the company.
Majic Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Majic Wheels' 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 Majic Wheels could also be used in its relative valuation, which is a method of valuing Majic Wheels by comparing valuation metrics of similar companies.Majic Wheels is currently under evaluation in current ratio category among its peers.
Majic Fundamentals
| Operating Margin | (1.47) % | ||||
| Current Valuation | 390.67 K | ||||
| Shares Outstanding | 1.95 B | ||||
| Price To Earning | (0.01) X | ||||
| Price To Sales | 1.11 X | ||||
| EBITDA | (39.26 K) | ||||
| Net Income | (1.46 M) | ||||
| Cash And Equivalents | 8.3 K | ||||
| Total Debt | 290.12 K | ||||
| Current Ratio | 0.02 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (80.29 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Price To Earnings To Growth | 0.91 X | ||||
| Beta | 24.9 | ||||
| Market Capitalization | 390.67 K |
About Majic Wheels Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Majic Wheels Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Majic Wheels using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Majic Wheels 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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Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Majic Wheels. If investors know Majic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Majic Wheels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.558 |
The market value of Majic Wheels Corp is measured differently than its book value, which is the value of Majic that is recorded on the company's balance sheet. Investors also form their own opinion of Majic Wheels' value that differs from its market value or its book value, called intrinsic value, which is Majic Wheels' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Majic Wheels' market value can be influenced by many factors that don't directly affect Majic Wheels' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Majic Wheels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Majic Wheels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Majic Wheels' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.