Eltel Ab Stock Current Ratio
Eltel AB fundamentals help investors to digest information that contributes to Eltel AB's financial success or failures. It also enables traders to predict the movement of Eltel Stock. The fundamental analysis module provides a way to measure Eltel AB'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 Eltel AB stock.
Eltel |
Eltel AB Company Current Ratio Analysis
Eltel AB's 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.
Current Eltel AB Current Ratio | 0.93 X |
Most of Eltel AB's fundamental indicators, such as Current Ratio, 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, Eltel AB is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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).
CompetitionIn accordance with the recently published financial statements, Eltel AB has a Current Ratio of 0.93 times. This is 54.85% lower than that of the Construction & Engineering sector and 45.61% lower than that of the Industrials industry. The current ratio for all Sweden stocks is 56.94% higher than that of the company.
Eltel Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eltel AB's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eltel AB could also be used in its relative valuation, which is a method of valuing Eltel AB by comparing valuation metrics of similar companies.Eltel AB is currently under evaluation in current ratio category among related companies.
Eltel Fundamentals
| Return On Equity | -0.0134 | |||
| Return On Asset | 0.0059 | |||
| Profit Margin | (0) % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 3.24 B | |||
| Shares Outstanding | 156.74 M | |||
| Shares Owned By Insiders | 30.49 % | |||
| Shares Owned By Institutions | 53.60 % | |||
| Price To Earning | (4.97) X | |||
| Price To Book | 0.60 X | |||
| Price To Sales | 1.81 X | |||
| Revenue | 812.6 M | |||
| Gross Profit | 88.1 M | |||
| EBITDA | 44.8 M | |||
| Net Income | 14.5 M | |||
| Cash And Equivalents | 32.3 M | |||
| Cash Per Share | 0.45 X | |||
| Total Debt | 61.3 M | |||
| Debt To Equity | 137.30 % | |||
| Current Ratio | 0.93 X | |||
| Book Value Per Share | 1.38 X | |||
| Cash Flow From Operations | 22.3 M | |||
| Earnings Per Share | 0.19 X | |||
| Price To Earnings To Growth | 0.20 X | |||
| Target Price | 5.58 | |||
| Number Of Employees | 5.04 K | |||
| Beta | 1.15 | |||
| Market Capitalization | 2.19 B | |||
| Total Asset | 630.8 M | |||
| Retained Earnings | (40 M) | |||
| Working Capital | 72 M | |||
| Current Asset | 493 M | |||
| Current Liabilities | 421 M | |||
| Z Score | 22.0 | |||
| Net Asset | 630.8 M |
Pair Trading with Eltel AB
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 Eltel AB 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 Eltel AB will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Eltel Stock analysis
When running Eltel AB's price analysis, check to measure Eltel AB'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 Eltel AB is operating at the current time. Most of Eltel AB's value examination focuses on studying past and present price action to predict the probability of Eltel AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eltel AB's price. Additionally, you may evaluate how the addition of Eltel AB to your portfolios can decrease your overall portfolio volatility.
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