Voya Financial Cash And Equivalents vs. Current Ratio

V0Y Stock  EUR 63.50  1.00  1.55%   
Taking into consideration Voya Financial's profitability measurements, Voya Financial may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Voya Financial's ability to earn profits and add value for shareholders.
For Voya Financial profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Voya Financial to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Voya Financial utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Voya Financial's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Voya Financial over time as well as its relative position and ranking within its peers.
  
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For more detail on how to invest in Voya Stock please use our How to Invest in Voya Financial guide.
Please note, there is a significant difference between Voya Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Voya Financial Current Ratio vs. Cash And Equivalents Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Voya Financial's current stock value. Our valuation model uses many indicators to compare Voya Financial value to that of its competitors to determine the firm's financial worth.
Voya Financial is rated first in cash and equivalents category among its peers. It is rated first in current ratio category among its peers . The ratio of Cash And Equivalents to Current Ratio for Voya Financial is about  288,927,336 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Voya Financial's earnings, one of the primary drivers of an investment's value.

Voya Current Ratio vs. Cash And Equivalents

Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Voya Financial

Cash

 = 

Bank Deposits

+

Liquidities

 = 
1.67 B
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.

Voya Financial

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
5.78 X
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).

Voya Current Ratio Comparison

Voya Financial is currently under evaluation in current ratio category among its peers.

Voya Financial Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Voya Financial, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Voya Financial will eventually generate negative long term returns. The profitability progress is the general direction of Voya Financial's change in net profit over the period of time. It can combine multiple indicators of Voya Financial, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Voya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. Voya Financial, Inc. was incorporated in 1999 and is based in New York, New York. VOYA FINANCIAL operates under Asset Management classification in Germany and is traded on Frankfurt Stock Exchange. It employs 6000 people.

Voya Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Voya Financial. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Voya Financial position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Voya Financial's important profitability drivers and their relationship over time.

Use Voya Financial in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Voya Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Voya Financial will appreciate offsetting losses from the drop in the long position's value.

Voya Financial Pair Trading

Voya Financial Pair Trading Analysis

The ability to find closely correlated positions to Voya Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Voya Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Voya Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Voya Financial to buy it.
The correlation of Voya Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Voya Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Voya Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Voya Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Voya Financial position

In addition to having Voya Financial in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Corporate ETFs Thematic Idea Now

Corporate ETFs
Corporate ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Corporate ETFs theme has 223 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corporate ETFs Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Voya Stock

When determining whether Voya Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Voya Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Voya Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Voya Financial Stock:
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For more detail on how to invest in Voya Stock please use our How to Invest in Voya Financial guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
To fully project Voya Financial's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Voya Financial at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Voya Financial's income statement, its balance sheet, and the statement of cash flows.
Potential Voya Financial investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Voya Financial investors may work on each financial statement separately, they are all related. The changes in Voya Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Voya Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.