Great West Lifeco Stock Current Asset
| GWO Stock | CAD 50.33 0.46 0.91% |
Great West Lifeco fundamentals help investors to digest information that contributes to Great West's financial success or failures. It also enables traders to predict the movement of Great Stock. The fundamental analysis module provides a way to measure Great West'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 Great West stock.
At this time, Great West's Non Current Assets Total are very stable compared to the past year. As of the 29th of November 2024, Total Current Assets is likely to grow to about 25.6 B, while Other Current Assets are likely to drop about 19.9 B. Great | Current Asset |
Great West Lifeco Company Current Asset Analysis
Great West's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Great Current Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Great West is extremely important. It helps to project a fair market value of Great Stock properly, considering its historical fundamentals such as Current Asset. Since Great West'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 Great West'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 Great West's interrelated accounts and indicators.
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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In accordance with the recently published financial statements, Great West Lifeco has a Current Asset of 0.0. This is 100.0% lower than that of the Insurance sector and about the same as Financials (which currently averages 0.0) industry. The current asset for all Canada stocks is 100.0% higher than that of the company.
Great West Current Valuation Drivers
We derive many important indicators used in calculating different scores of Great West from analyzing Great West's financial statements. These drivers represent accounts that assess Great West's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Great West's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 31.5B | 28.2B | 35.3B | 29.2B | 40.9B | 42.9B | |
| Enterprise Value | 33.8B | 30.9B | 40.2B | 34.0B | 43.5B | 45.6B |
Great West ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Great West's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Great West's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Great Fundamentals
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0071 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.15 % | |||
| Current Valuation | 49.81 B | |||
| Shares Outstanding | 931.2 M | |||
| Shares Owned By Insiders | 70.68 % | |||
| Shares Owned By Institutions | 11.80 % | |||
| Number Of Shares Shorted | 10.47 M | |||
| Price To Earning | 10.16 X | |||
| Price To Book | 1.84 X | |||
| Price To Sales | 1.41 X | |||
| Revenue | 25.27 B | |||
| Gross Profit | 12.32 B | |||
| EBITDA | 4 B | |||
| Net Income | 2.87 B | |||
| Cash And Equivalents | 135.15 B | |||
| Cash Per Share | 145.05 X | |||
| Total Debt | 9.65 B | |||
| Debt To Equity | 0.32 % | |||
| Current Ratio | 26.00 X | |||
| Book Value Per Share | 27.39 X | |||
| Cash Flow From Operations | 5.2 B | |||
| Short Ratio | 9.04 X | |||
| Earnings Per Share | 3.89 X | |||
| Price To Earnings To Growth | 0.83 X | |||
| Target Price | 49.5 | |||
| Number Of Employees | 33.5 K | |||
| Beta | 0.84 | |||
| Market Capitalization | 46.87 B | |||
| Total Asset | 713.23 B | |||
| Retained Earnings | 15.49 B | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 5.29 % | |||
| Net Asset | 713.23 B | |||
| Last Dividend Paid | 2.19 |
About Great West Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Great West Lifeco's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Great West using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Great West Lifeco 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.
Pair Trading with Great West
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 Great West 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 Great West will appreciate offsetting losses from the drop in the long position's value.Moving against Great Stock
The ability to find closely correlated positions to Great West could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great West 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 Great West - 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 Great West Lifeco to buy it.
The correlation of Great West 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 Great West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great West Lifeco 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 Great West 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.Other Information on Investing in Great Stock
Great West financial ratios help investors to determine whether Great Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Great with respect to the benefits of owning Great West security.