Velocity Minerals Stock Current Ratio
| VLC Stock | CAD 0.17 0.01 5.56% |
Velocity Minerals fundamentals help investors to digest information that contributes to Velocity Minerals' financial success or failures. It also enables traders to predict the movement of Velocity Stock. The fundamental analysis module provides a way to measure Velocity Minerals' 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 Velocity Minerals stock.
Velocity | Current Ratio |
Velocity Minerals Company Current Ratio Analysis
Velocity Minerals' 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 Velocity Minerals Current Ratio | 14.27 X |
Most of Velocity Minerals' 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, Velocity Minerals 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, Velocity Minerals has a Current Ratio of 14.27 times. This is 272.58% higher than that of the Metals & Mining sector and 16.68% higher than that of the Materials industry. The current ratio for all Canada stocks is notably lower than that of the firm.
Velocity Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Velocity Minerals' 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 Velocity Minerals could also be used in its relative valuation, which is a method of valuing Velocity Minerals by comparing valuation metrics of similar companies.Velocity Minerals is currently under evaluation in current ratio category among its peers.
Velocity Fundamentals
| Return On Equity | -0.0558 | ||||
| Return On Asset | -0.0424 | ||||
| Current Valuation | 31.64 M | ||||
| Shares Outstanding | 196.3 M | ||||
| Shares Owned By Insiders | 52.31 % | ||||
| Number Of Shares Shorted | 2.48 K | ||||
| Price To Book | 1.41 X | ||||
| Gross Profit | (246.08 K) | ||||
| EBITDA | (1.87 M) | ||||
| Net Income | (1.8 M) | ||||
| Cash And Equivalents | 7.89 M | ||||
| Cash Per Share | 0.08 X | ||||
| Total Debt | 976.49 K | ||||
| Debt To Equity | 52.40 % | ||||
| Current Ratio | 14.27 X | ||||
| Book Value Per Share | 0.12 X | ||||
| Cash Flow From Operations | (1.35 M) | ||||
| Short Ratio | 0.15 X | ||||
| Target Price | 0.55 | ||||
| Beta | 1.13 | ||||
| Market Capitalization | 33.37 M | ||||
| Total Asset | 29.86 M | ||||
| Retained Earnings | (22.94 M) | ||||
| Working Capital | 2.66 M | ||||
| Net Asset | 29.86 M |
About Velocity Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Velocity Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Velocity Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Velocity Minerals 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 Velocity Stock Analysis
When running Velocity Minerals' price analysis, check to measure Velocity Minerals' 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 Velocity Minerals is operating at the current time. Most of Velocity Minerals' value examination focuses on studying past and present price action to predict the probability of Velocity Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Velocity Minerals' price. Additionally, you may evaluate how the addition of Velocity Minerals to your portfolios can decrease your overall portfolio volatility.