Covalon Technologies Stock Total Debt
| COV Stock | CAD 3.65 0.05 1.35% |
Covalon Technologies fundamentals help investors to digest information that contributes to Covalon Technologies' financial success or failures. It also enables traders to predict the movement of Covalon Stock. The fundamental analysis module provides a way to measure Covalon Technologies' 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 Covalon Technologies stock.
Total Debt To Capitalization is likely to climb to 0.62 in 2024. Covalon | Total Debt |
Covalon Technologies Company Total Debt Analysis
Covalon Technologies' Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Covalon Technologies Total Debt | 1.56 M |
Most of Covalon Technologies' fundamental indicators, such as Total Debt, 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, Covalon Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Covalon Total Debt Driver Correlations
Understanding the fundamental principles of building solid financial models for Covalon Technologies is extremely important. It helps to project a fair market value of Covalon Stock properly, considering its historical fundamentals such as Total Debt. Since Covalon Technologies' 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 Covalon Technologies' 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 Covalon Technologies' interrelated accounts and indicators.
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In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Covalon Net Debt
Based on the latest financial disclosure, Covalon Technologies has a Total Debt of 1.56 M. This is 99.94% lower than that of the Biotechnology sector and 99.52% lower than that of the Health Care industry. The total debt for all Canada stocks is 99.97% higher than that of the company.
Covalon Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Covalon Technologies' direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Covalon Technologies could also be used in its relative valuation, which is a method of valuing Covalon Technologies by comparing valuation metrics of similar companies.Covalon Technologies is currently under evaluation in total debt category among its peers.
Covalon Technologies Current Valuation Drivers
We derive many important indicators used in calculating different scores of Covalon Technologies from analyzing Covalon Technologies' financial statements. These drivers represent accounts that assess Covalon Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Covalon Technologies' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 51.7M | 31.0M | 65.3M | 62.3M | 56.1M | 35.9M | |
| Enterprise Value | 60.2M | 48.4M | 45.0M | 50.4M | 45.4M | 33.7M |
Covalon Fundamentals
| Return On Equity | -0.0385 | ||||
| Return On Asset | -0.0325 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 91.68 M | ||||
| Shares Outstanding | 27.4 M | ||||
| Shares Owned By Insiders | 48.69 % | ||||
| Number Of Shares Shorted | 1.89 K | ||||
| Price To Earning | 69.86 X | ||||
| Price To Book | 4.61 X | ||||
| Price To Sales | 3.43 X | ||||
| Revenue | 26.6 M | ||||
| Gross Profit | 7.49 M | ||||
| EBITDA | (3.56 M) | ||||
| Net Income | (4.46 M) | ||||
| Cash And Equivalents | 2.53 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 1.56 M | ||||
| Debt To Equity | 2.49 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | 0.88 X | ||||
| Cash Flow From Operations | (3.18 M) | ||||
| Short Ratio | 0.07 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 8.0 | ||||
| Beta | 0.62 | ||||
| Market Capitalization | 100 M | ||||
| Total Asset | 24.9 M | ||||
| Retained Earnings | (38.37 M) | ||||
| Working Capital | 16.1 M | ||||
| Net Asset | 24.9 M |
About Covalon Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Covalon Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covalon Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covalon 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.
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Additional Tools for Covalon Stock Analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.