Nordic Unmanned As Stock Current Ratio

NUMND Stock  NOK 0.67  0.04  6.35%   
Nordic Unmanned As fundamentals help investors to digest information that contributes to Nordic Unmanned's financial success or failures. It also enables traders to predict the movement of Nordic Stock. The fundamental analysis module provides a way to measure Nordic Unmanned'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 Nordic Unmanned stock.
  
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Nordic Unmanned As Company Current Ratio Analysis

Nordic Unmanned'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 Nordic Unmanned Current Ratio

    
  3.75 X  
Most of Nordic Unmanned'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, Nordic Unmanned As 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, Nordic Unmanned As has a Current Ratio of 3.75 times. This is 82.04% higher than that of the Industrials sector and 33.45% higher than that of the Aerospace & Defense industry. The current ratio for all Norway stocks is 73.61% lower than that of the firm.

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Nordic Fundamentals

About Nordic Unmanned Fundamental Analysis

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

Nordic Unmanned financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Unmanned security.