Snipp Interactive Stock Current Ratio
| SPN Stock | CAD 0.07 0.01 7.14% |
Snipp Interactive fundamentals help investors to digest information that contributes to Snipp Interactive's financial success or failures. It also enables traders to predict the movement of Snipp Stock. The fundamental analysis module provides a way to measure Snipp Interactive'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 Snipp Interactive stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.99 | 1.57 |
Snipp | Current Ratio |
Snipp Interactive Company Current Ratio Analysis
Snipp Interactive'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 Snipp Interactive Current Ratio | 1.26 X |
Most of Snipp Interactive'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, Snipp Interactive is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Snipp Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Snipp Interactive is extremely important. It helps to project a fair market value of Snipp Stock properly, considering its historical fundamentals such as Current Ratio. Since Snipp Interactive'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 Snipp Interactive'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 Snipp Interactive's 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).
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Snipp Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Snipp Interactive has a Current Ratio of 1.26 times. This is 44.49% lower than that of the Media sector and 55.32% lower than that of the Communication Services industry. The current ratio for all Canada stocks is 41.67% higher than that of the company.
Snipp Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Snipp Interactive'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 Snipp Interactive could also be used in its relative valuation, which is a method of valuing Snipp Interactive by comparing valuation metrics of similar companies.Snipp Interactive is currently under evaluation in current ratio category among its peers.
Snipp Interactive Current Valuation Drivers
We derive many important indicators used in calculating different scores of Snipp Interactive from analyzing Snipp Interactive's financial statements. These drivers represent accounts that assess Snipp Interactive's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Snipp Interactive's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.5M | 10.8M | 57.0M | 25.1M | 27.7M | 14.5M | |
| Enterprise Value | 2.6M | 9.2M | 55.2M | 19.5M | 25.3M | 13.2M |
Snipp Fundamentals
| Return On Equity | -0.34 | ||||
| Return On Asset | -0.0921 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | (0.11) % | ||||
| Current Valuation | 15.1 M | ||||
| Shares Outstanding | 286.11 M | ||||
| Shares Owned By Insiders | 31.39 % | ||||
| Shares Owned By Institutions | 0.02 % | ||||
| Number Of Shares Shorted | 7.94 K | ||||
| Price To Earning | (1.40) X | ||||
| Price To Book | 2.74 X | ||||
| Price To Sales | 0.83 X | ||||
| Revenue | 30.55 M | ||||
| Gross Profit | 1.17 M | ||||
| EBITDA | (2.15 M) | ||||
| Net Income | (3.38 M) | ||||
| Cash And Equivalents | 1.94 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 526.53 K | ||||
| Debt To Equity | 10.60 % | ||||
| Current Ratio | 1.26 X | ||||
| Book Value Per Share | 0.02 X | ||||
| Cash Flow From Operations | (1.4 M) | ||||
| Short Ratio | 0.17 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.19 | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 21.46 M | ||||
| Total Asset | 13.43 M | ||||
| Retained Earnings | (36.92 M) | ||||
| Working Capital | (33.1 K) | ||||
| Net Asset | 13.43 M |
About Snipp Interactive Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Snipp Interactive's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Snipp Interactive using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Snipp Interactive 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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Additional Tools for Snipp Stock Analysis
When running Snipp Interactive's price analysis, check to measure Snipp Interactive'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 Snipp Interactive is operating at the current time. Most of Snipp Interactive's value examination focuses on studying past and present price action to predict the probability of Snipp Interactive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snipp Interactive's price. Additionally, you may evaluate how the addition of Snipp Interactive to your portfolios can decrease your overall portfolio volatility.