Greengro Tech EBITDA vs. Current Liabilities
Considering the key profitability indicators obtained from Greengro Tech's historical financial statements, Greengro Tech may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Greengro Tech's ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis.
For Greengro Tech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Greengro Tech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Greengro Tech utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Greengro Tech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Greengro Tech over time as well as its relative position and ranking within its peers.
Greengro |
Greengro Tech Current Liabilities vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Greengro Tech's current stock value. Our valuation model uses many indicators to compare Greengro Tech value to that of its competitors to determine the firm's financial worth. Greengro Tech is one of the top stocks in ebitda category among its peers. It also is one of the top stocks in current liabilities category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Greengro Tech by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Greengro Tech's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Greengro Current Liabilities vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Greengro Tech |
| = | (122.9 K) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Greengro Tech |
| = | 400 K |
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
Greengro Current Liabilities Comparison
Greengro Tech is currently under evaluation in current liabilities category among its peers.
Greengro Tech Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Greengro Tech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Greengro Tech will eventually generate negative long term returns. The profitability progress is the general direction of Greengro Tech's change in net profit over the period of time. It can combine multiple indicators of Greengro Tech, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
GreenGro Technologies, Inc. designs, manufactures, and markets green eco-friendly vertical cultivation systems in the United States. The company, formerly known as Authoriszor, Inc., was founded in 1996 and is based in Anaheim, California. Greengro Tech is traded on OTC Exchange in the United States.
Greengro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Greengro Tech. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Greengro Tech position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Greengro Tech's important profitability drivers and their relationship over time.
Use Greengro Tech in pair-trading
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 Greengro Tech 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 Greengro Tech will appreciate offsetting losses from the drop in the long position's value.Greengro Tech Pair Trading
Greengro Tech Pair Trading Analysis
The ability to find closely correlated positions to Greengro Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greengro Tech 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 Greengro Tech - 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 Greengro Tech to buy it.
The correlation of Greengro Tech 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 Greengro Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greengro Tech 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 Greengro Tech 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.Use Investing Themes to Complement your Greengro Tech position
In addition to having Greengro Tech in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Aluminum
Companies involved in production of aluminum. The Aluminum theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Aluminum Theme or any other thematic opportunities.
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Other Information on Investing in Greengro Pink Sheet
To fully project Greengro Tech's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Greengro Tech at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Greengro Tech's income statement, its balance sheet, and the statement of cash flows.