Cn Energy Group Stock Current Ratio

CNEY Stock  USD 0.51  0.19  59.38%   
CN Energy Group fundamentals help investors to digest information that contributes to CN Energy's financial success or failures. It also enables traders to predict the movement of CNEY Stock. The fundamental analysis module provides a way to measure CN Energy'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 CN Energy stock.
Last ReportedProjected for Next Year
Current Ratio 2.89  2.37 
Current Ratio is likely to drop to 2.37 in 2024.
  
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CN Energy Group Company Current Ratio Analysis

CN Energy'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 CN Energy Current Ratio

    
  8.12 X  
Most of CN Energy'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, CN Energy Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

CNEY Current Ratio Driver Correlations

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

Today, most investors in CN Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various CN Energy's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of CN Energy current ratio as a starting point in their analysis.
   CN Energy Current Ratio   
       Timeline  
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

CNEY Price To Sales Ratio

Price To Sales Ratio

0.12

At this time, CN Energy's Price To Sales Ratio is fairly stable compared to the past year.
In accordance with the recently published financial statements, CN Energy Group has a Current Ratio of 8.12 times. This is 112.01% higher than that of the Metals & Mining sector and 114.81% higher than that of the Materials industry. The current ratio for all United States stocks is notably lower than that of the firm.

CNEY Current Ratio Peer Comparison

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

CN Energy Current Valuation Drivers

We derive many important indicators used in calculating different scores of CN Energy from analyzing CN Energy's financial statements. These drivers represent accounts that assess CN Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CN Energy's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Enterprise Value132.7M141.3M31.9M13.6M15.6M14.8M

CNEY Fundamentals

About CN Energy Fundamental Analysis

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

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