Cmc Metals Stock Current Ratio
| CMB Stock | CAD 0.02 0.00 0.00% |
CMC Metals fundamentals help investors to digest information that contributes to CMC Metals' financial success or failures. It also enables traders to predict the movement of CMC Stock. The fundamental analysis module provides a way to measure CMC Metals' 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 CMC Metals stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.44 | 0.42 |
CMC | Current Ratio |
CMC Metals Company Current Ratio Analysis
CMC Metals' 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 CMC Metals Current Ratio | 0.02 X |
Most of CMC Metals' 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, CMC Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
CMC Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for CMC Metals is extremely important. It helps to project a fair market value of CMC Stock properly, considering its historical fundamentals such as Current Ratio. Since CMC Metals' 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 CMC Metals' 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 CMC Metals' 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).
| Competition |
CMC Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, CMC Metals has a Current Ratio of 0.02 times. This is 99.48% lower than that of the Metals & Mining sector and 99.96% lower than that of the Materials industry. The current ratio for all Canada stocks is 99.07% higher than that of the company.
CMC Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CMC Metals' 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 CMC Metals could also be used in its relative valuation, which is a method of valuing CMC Metals by comparing valuation metrics of similar companies.CMC Metals is currently under evaluation in current ratio category among its peers.
CMC Metals Current Valuation Drivers
We derive many important indicators used in calculating different scores of CMC Metals from analyzing CMC Metals' financial statements. These drivers represent accounts that assess CMC Metals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CMC Metals' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 7.2M | 7.2M | 16.6M | 13.7M | 12.4M | 13.0M | |
| Enterprise Value | 6.9M | 6.7M | 15.7M | 13.6M | 12.2M | 12.8M |
CMC Fundamentals
| Return On Equity | -1.36 | ||||
| Return On Asset | -0.99 | ||||
| Current Valuation | 2.87 M | ||||
| Shares Outstanding | 157.7 M | ||||
| Shares Owned By Insiders | 5.86 % | ||||
| Number Of Shares Shorted | 8.44 K | ||||
| Price To Earning | 2.00 X | ||||
| Price To Book | 4.59 X | ||||
| EBITDA | (3.57 M) | ||||
| Net Income | (3.49 M) | ||||
| Cash And Equivalents | 10.29 K | ||||
| Total Debt | 38.45 K | ||||
| Debt To Equity | 1.22 % | ||||
| Current Ratio | 0.02 X | ||||
| Book Value Per Share | 0 X | ||||
| Cash Flow From Operations | (2.96 M) | ||||
| Short Ratio | 0.03 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.17 | ||||
| Beta | 0.97 | ||||
| Market Capitalization | 3.15 M | ||||
| Total Asset | 946.21 K | ||||
| Retained Earnings | (32.32 M) | ||||
| Working Capital | (578.07 K) | ||||
| Net Asset | 946.21 K |
About CMC Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CMC Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CMC Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CMC Metals 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 CMC Stock Analysis
When running CMC Metals' price analysis, check to measure CMC Metals' 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 CMC Metals is operating at the current time. Most of CMC Metals' value examination focuses on studying past and present price action to predict the probability of CMC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMC Metals' price. Additionally, you may evaluate how the addition of CMC Metals to your portfolios can decrease your overall portfolio volatility.