Nordic Iron Price To Book vs. Current Ratio
| NIO Stock | SEK 4.48 0.10 2.18% |
For Nordic Iron profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nordic Iron to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nordic Iron Ore utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nordic Iron's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nordic Iron Ore over time as well as its relative position and ranking within its peers.
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Nordic Iron Ore Current Ratio vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nordic Iron's current stock value. Our valuation model uses many indicators to compare Nordic Iron value to that of its competitors to determine the firm's financial worth. Nordic Iron Ore is considered to be number one stock in price to book category among its peers. It also is considered to be number one stock in current ratio category among its peers fabricating about 0.38 of Current Ratio per Price To Book. The ratio of Price To Book to Current Ratio for Nordic Iron Ore is roughly 2.66 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nordic Iron's earnings, one of the primary drivers of an investment's value.Nordic Current Ratio vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Nordic Iron |
| = | 2.05 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Nordic Iron |
| = | 0.77 X |
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).
Nordic Iron Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nordic Iron, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nordic Iron will eventually generate negative long term returns. The profitability progress is the general direction of Nordic Iron's change in net profit over the period of time. It can combine multiple indicators of Nordic Iron, 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.
Nordic Iron Ore AB engages in the exploration, development, and mining of iron-ore deposits in Vsterbergslagen, Sweden. The company was founded in 2008 and is headquartered in Danderyd, Sweden. Nordic Iron is traded on Stockholm Stock Exchange in Sweden.
Nordic Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nordic Iron. 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 Nordic Iron 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 Nordic Iron's important profitability drivers and their relationship over time.
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Additional Tools for Nordic Stock Analysis
When running Nordic Iron's price analysis, check to measure Nordic Iron'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 Nordic Iron is operating at the current time. Most of Nordic Iron's value examination focuses on studying past and present price action to predict the probability of Nordic Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic Iron's price. Additionally, you may evaluate how the addition of Nordic Iron to your portfolios can decrease your overall portfolio volatility.