Aurora Cannabis Stock Debt To Equity
| ACB Stock | CAD 9.56 0.57 5.63% |
Aurora Cannabis fundamentals help investors to digest information that contributes to Aurora Cannabis' financial success or failures. It also enables traders to predict the movement of Aurora Stock. The fundamental analysis module provides a way to measure Aurora Cannabis' 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 Aurora Cannabis stock.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0.43 | 0.67 |
Aurora | Debt To Equity |
Aurora Cannabis Company Debt To Equity Analysis
Aurora Cannabis' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current Aurora Cannabis Debt To Equity | 0.41 % |
Most of Aurora Cannabis' fundamental indicators, such as Debt To Equity, 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, Aurora Cannabis is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aurora Debt To Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Aurora Cannabis is extremely important. It helps to project a fair market value of Aurora Stock properly, considering its historical fundamentals such as Debt To Equity. Since Aurora Cannabis' 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 Aurora Cannabis' 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 Aurora Cannabis' interrelated accounts and indicators.
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High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
| Competition |
Aurora Total Stockholder Equity
Total Stockholder Equity |
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According to the company disclosure, Aurora Cannabis has a Debt To Equity of 0.406%. This is 99.24% lower than that of the Pharmaceuticals sector and significantly higher than that of the Health Care industry. The debt to equity for all Canada stocks is 99.17% higher than that of the company.
Aurora Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aurora Cannabis' direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aurora Cannabis could also be used in its relative valuation, which is a method of valuing Aurora Cannabis by comparing valuation metrics of similar companies.Aurora Cannabis is currently under evaluation in debt to equity category among related companies.
Aurora Fundamentals
| Return On Equity | -1.37 | ||||
| Return On Asset | -0.0826 | ||||
| Profit Margin | 1.52 % | ||||
| Operating Margin | (0.24) % | ||||
| Current Valuation | 549.01 M | ||||
| Shares Outstanding | 54.54 M | ||||
| Shares Owned By Institutions | 7.06 % | ||||
| Number Of Shares Shorted | 2.18 M | ||||
| Price To Earning | 30.94 X | ||||
| Price To Book | 0.96 X | ||||
| Price To Sales | 1.79 X | ||||
| Revenue | 174.97 M | ||||
| Gross Profit | 21.23 M | ||||
| EBITDA | (33.33 M) | ||||
| Net Income | (265.33 M) | ||||
| Cash And Equivalents | 234.94 M | ||||
| Cash Per Share | 1.46 X | ||||
| Total Debt | 269.49 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 5.13 X | ||||
| Book Value Per Share | 10.85 X | ||||
| Cash Flow From Operations | (115.82 M) | ||||
| Short Ratio | 0.38 X | ||||
| Earnings Per Share | (79.20) X | ||||
| Target Price | 7.83 | ||||
| Number Of Employees | 1.13 K | ||||
| Beta | 2.93 | ||||
| Market Capitalization | 552.48 M | ||||
| Total Asset | 926.32 M | ||||
| Retained Earnings | (6.06 B) | ||||
| Working Capital | 599.89 M | ||||
| Net Asset | 926.32 M |
About Aurora Cannabis Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aurora Cannabis's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aurora Cannabis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aurora Cannabis 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aurora Cannabis in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aurora Cannabis' short interest history, or implied volatility extrapolated from Aurora Cannabis options trading.
Pair Trading with Aurora Cannabis
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 Aurora Cannabis 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 Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving together with Aurora Stock
| 0.75 | DML | Denison Mines Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis 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 Aurora Cannabis - 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 Aurora Cannabis to buy it.
The correlation of Aurora Cannabis 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 Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Aurora Cannabis 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Aurora Stock analysis
When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' 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 Aurora Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.
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