Aurora Solar Technologies Stock Current Ratio

ACU Stock  CAD 0.03  0.01  25.00%   
Aurora Solar Technologies fundamentals help investors to digest information that contributes to Aurora Solar's financial success or failures. It also enables traders to predict the movement of Aurora Stock. The fundamental analysis module provides a way to measure Aurora Solar'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 Aurora Solar stock.
Last ReportedProjected for Next Year
Current Ratio 1.91  1.82 
Current Ratio is likely to drop to 1.82 in 2024.
  
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Aurora Solar Technologies Company Current Ratio Analysis

Aurora Solar'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 Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Aurora Solar Current Ratio

    
  1.80 X  
Most of Aurora Solar'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, Aurora Solar Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Aurora Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Aurora Solar is extremely important. It helps to project a fair market value of Aurora Stock properly, considering its historical fundamentals such as Current Ratio. Since Aurora Solar'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 Aurora Solar'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 Aurora Solar's interrelated accounts and indicators.
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

Aurora Price To Sales Ratio

Price To Sales Ratio

0.97

At this time, Aurora Solar's Price To Sales Ratio is fairly stable compared to the past year.
In accordance with the recently published financial statements, Aurora Solar Technologies has a Current Ratio of 1.8 times. This is 36.4% lower than that of the Semiconductors & Semiconductor Equipment sector and 68.37% lower than that of the Information Technology industry. The current ratio for all Canada stocks is 16.67% higher than that of the company.

Aurora Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aurora Solar'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 Aurora Solar could also be used in its relative valuation, which is a method of valuing Aurora Solar by comparing valuation metrics of similar companies.
Aurora Solar is currently under evaluation in current ratio category among its peers.

Aurora Solar Current Valuation Drivers

We derive many important indicators used in calculating different scores of Aurora Solar from analyzing Aurora Solar's financial statements. These drivers represent accounts that assess Aurora Solar's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aurora Solar's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap5.8M39.2M14.3M8.6M11.1M6.6M
Enterprise Value4.0M36.8M14.4M6.1M8.6M5.8M

Aurora Fundamentals

About Aurora Solar Fundamental Analysis

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

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