Skylight Health Group Stock Current Ratio
Skylight Health Group fundamentals help investors to digest information that contributes to Skylight Health's financial success or failures. It also enables traders to predict the movement of Skylight Pink Sheet. The fundamental analysis module provides a way to measure Skylight Health'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 Skylight Health pink sheet.
Skylight |
Skylight Health Group Company Current Ratio Analysis
Skylight Health'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 Skylight Health Current Ratio | 1.21 X |
Most of Skylight Health'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, Skylight Health Group 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).
CompetitionIn accordance with the recently published financial statements, Skylight Health Group has a Current Ratio of 1.21 times. This is 58.42% lower than that of the Healthcare sector and significantly higher than that of the Medical Care Facilities industry. The current ratio for all United States stocks is 43.98% higher than that of the company.
Skylight Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skylight Health's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Skylight Health could also be used in its relative valuation, which is a method of valuing Skylight Health by comparing valuation metrics of similar companies.Skylight Health is currently under evaluation in current ratio category among its peers.
Skylight Fundamentals
| Return On Equity | -0.97 | |||
| Return On Asset | -0.24 | |||
| Profit Margin | (0.38) % | |||
| Operating Margin | (0.48) % | |||
| Number Of Shares Shorted | 37 | |||
| Revenue | 27.16 M | |||
| Gross Profit | 15.09 M | |||
| EBITDA | (16.57 M) | |||
| Net Income | (13.75 M) | |||
| Cash And Equivalents | 2.25 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 31.74 M | |||
| Debt To Equity | 1.17 % | |||
| Current Ratio | 1.21 X | |||
| Book Value Per Share | 0.31 X | |||
| Cash Flow From Operations | (11.31 M) | |||
| Short Ratio | 0.02 X | |||
| Number Of Employees | 259 | |||
| Beta | 2.26 | |||
| Total Asset | 65.45 M | |||
| Annual Yield | 0.29 % | |||
| Net Asset | 65.45 M |
About Skylight Health Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skylight Health Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skylight Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skylight Health Group 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 Consideration for investing in Skylight Pink Sheet
If you are still planning to invest in Skylight Health Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Skylight Health's history and understand the potential risks before investing.
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