Rio2 Stock Current Asset

RIO Stock  CAD 0.68  0.02  3.03%   
Rio2 fundamentals help investors to digest information that contributes to Rio2's financial success or failures. It also enables traders to predict the movement of Rio2 Stock. The fundamental analysis module provides a way to measure Rio2'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 Rio2 stock.
At this time, Rio2's Non Current Assets Total are fairly stable compared to the past year. Total Current Assets is likely to climb to about 6.8 M in 2024, whereas Net Current Asset Value is likely to drop (805.4 K) in 2024.
  
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Rio2 Company Current Asset Analysis

Rio2's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.

Current Asset

 = 

Cash

+

Deposits

+

Liquid Assets

More About Current Asset | All Equity Analysis

Rio2 Current Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Rio2 is extremely important. It helps to project a fair market value of Rio2 Stock properly, considering its historical fundamentals such as Current Asset. Since Rio2's 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 Rio2's 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 Rio2's interrelated accounts and indicators.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Rio2 Total Assets

Total Assets

150.11 Million

At this time, Rio2's Total Assets are fairly stable compared to the past year.
In accordance with the recently published financial statements, Rio2 has a Current Asset of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The current asset for all Canada stocks is 100.0% higher than that of the company.

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Rio2 Fundamentals

About Rio2 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Rio2's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rio2 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rio2 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.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Rio2 Stock Analysis

When running Rio2's price analysis, check to measure Rio2's 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 Rio2 is operating at the current time. Most of Rio2's value examination focuses on studying past and present price action to predict the probability of Rio2's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio2's price. Additionally, you may evaluate how the addition of Rio2 to your portfolios can decrease your overall portfolio volatility.