Ntg Nordic Transport Stock Current Ratio
| NTG Stock | DKK 260.00 1.00 0.38% |
NTG Nordic Transport fundamentals help investors to digest information that contributes to NTG Nordic's financial success or failures. It also enables traders to predict the movement of NTG Stock. The fundamental analysis module provides a way to measure NTG Nordic'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 NTG Nordic stock.
NTG |
NTG Nordic Transport Company Current Ratio Analysis
NTG Nordic'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 NTG Nordic Current Ratio | 0.92 X |
Most of NTG Nordic'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, NTG Nordic Transport 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, NTG Nordic Transport has a Current Ratio of 0.92 times. This is 55.34% lower than that of the Air Freight & Logistics sector and significantly higher than that of the Industrials industry. The current ratio for all Denmark stocks is 57.41% higher than that of the company.
NTG Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NTG Nordic'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 NTG Nordic could also be used in its relative valuation, which is a method of valuing NTG Nordic by comparing valuation metrics of similar companies.NTG Nordic is currently under evaluation in current ratio category among its peers.
NTG Fundamentals
| Return On Equity | 0.63 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.07 % | |||
| Current Valuation | 5.82 B | |||
| Shares Outstanding | 21.77 M | |||
| Shares Owned By Insiders | 32.49 % | |||
| Shares Owned By Institutions | 21.26 % | |||
| Price To Earning | 74.71 X | |||
| Price To Book | 5.42 X | |||
| Price To Sales | 0.53 X | |||
| Revenue | 7.3 B | |||
| Gross Profit | 1.59 B | |||
| EBITDA | 670 M | |||
| Net Income | 349 M | |||
| Cash And Equivalents | 177.8 M | |||
| Cash Per Share | 7.96 X | |||
| Total Debt | 626.7 M | |||
| Debt To Equity | 1.43 % | |||
| Current Ratio | 0.92 X | |||
| Book Value Per Share | 44.76 X | |||
| Cash Flow From Operations | 461.6 M | |||
| Earnings Per Share | 22.03 X | |||
| Target Price | 340.0 | |||
| Number Of Employees | 1.88 K | |||
| Beta | 1.62 | |||
| Market Capitalization | 6.73 B | |||
| Total Asset | 3.24 B | |||
| Z Score | 8.0 | |||
| Net Asset | 3.24 B |
About NTG Nordic Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NTG Nordic Transport's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NTG Nordic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NTG Nordic Transport 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 NTG Nordic
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 NTG Nordic 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 NTG Nordic will appreciate offsetting losses from the drop in the long position's value.Moving against NTG Stock
| 0.58 | PNDORA | Pandora AS | PairCorr |
| 0.38 | MAERSK-A | AP Mller | PairCorr |
| 0.38 | MAERSK-B | AP Mller | PairCorr |
| 0.33 | CHEMM | ChemoMetec AS | PairCorr |
The ability to find closely correlated positions to NTG Nordic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NTG Nordic 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 NTG Nordic - 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 NTG Nordic Transport to buy it.
The correlation of NTG Nordic 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 NTG Nordic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NTG Nordic Transport 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 NTG Nordic 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 NTG Stock
NTG Nordic financial ratios help investors to determine whether NTG 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 NTG with respect to the benefits of owning NTG Nordic security.