Petro Victory Energy Corp Stock Current Asset

VRY Stock  CAD 0.82  0.05  6.49%   
Petro Victory Energy Corp fundamentals help investors to digest information that contributes to Petro Victory's financial success or failures. It also enables traders to predict the movement of Petro Stock. The fundamental analysis module provides a way to measure Petro Victory'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 Petro Victory stock.
Non Current Assets Total is likely to climb to about 13.2 M in 2024, whereas Total Current Assets are likely to drop slightly above 523.9 K in 2024.
  
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Petro Victory Energy Corp Company Current Asset Analysis

Petro Victory'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

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Cash

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Deposits

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Liquid Assets

More About Current Asset | All Equity Analysis
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.
Competition

Petro Total Assets

Total Assets

8.72 Million

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

Petro Current Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Petro Victory's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Petro Victory could also be used in its relative valuation, which is a method of valuing Petro Victory by comparing valuation metrics of similar companies.
Petro Victory is currently under evaluation in current asset category among its peers.

Petro Fundamentals

About Petro Victory Fundamental Analysis

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

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