Turtle Beach Corp Stock Current Ratio

HEAR Stock  USD 17.24  0.05  0.29%   
Turtle Beach Corp fundamentals help investors to digest information that contributes to Turtle Beach's financial success or failures. It also enables traders to predict the movement of Turtle Stock. The fundamental analysis module provides a way to measure Turtle Beach'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 Turtle Beach stock.
As of 03/29/2024, Current Ratio is likely to grow to 4.19.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Turtle Current Ratio Analysis

Turtle Beach'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.

Turtle Beach Current Ratio

4.19

Current Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Turtle Beach Current Ratio

    
  1.76 X  
Most of Turtle Beach'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, Turtle Beach Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Turtle Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Turtle Beach is extremely important. It helps to project a fair market value of Turtle Stock properly, considering its historical fundamentals such as Current Ratio. Since Turtle Beach'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 Turtle Beach'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 Turtle Beach's interrelated accounts and indicators.
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Turtle Current Ratio Historical Pattern

Today, most investors in Turtle Beach Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Turtle Beach's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Turtle Beach current ratio as a starting point in their analysis.
   Turtle Beach Current Ratio   
       Timeline  
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).
Competition

Turtle Short Term Coverage Ratios

Short Term Coverage Ratios

22.63

At this time, Turtle Beach's Short Term Coverage Ratios is relatively stable compared to the past year.
In accordance with the recently published financial statements, Turtle Beach Corp has a Current Ratio of 1.76 times. This is 37.81% lower than that of the Household Durables sector and 57.89% lower than that of the Consumer Discretionary industry. The current ratio for all United States stocks is 18.52% higher than that of the company.

Turtle Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Turtle Beach'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 Turtle Beach could also be used in its relative valuation, which is a method of valuing Turtle Beach by comparing valuation metrics of similar companies.
Turtle Beach is currently under evaluation in current ratio category among related companies.

Turtle Fundamentals

About Turtle Beach Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Turtle Beach Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Turtle Beach using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Turtle Beach Corp 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.
Last ReportedProjected for 2024
Current Ratio 2.22  4.19 
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 Turtle Beach 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, Turtle Beach's short interest history, or implied volatility extrapolated from Turtle Beach options trading.

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When determining whether Turtle Beach Corp is a strong investment it is important to analyze Turtle Beach's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Turtle Beach's future performance. For an informed investment choice regarding Turtle Stock, refer to the following important reports:
Check out Turtle Beach Piotroski F Score and Turtle Beach Altman Z Score analysis.
Note that the Turtle Beach Corp information on this page should be used as a complementary analysis to other Turtle Beach's 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Turtle Stock analysis

When running Turtle Beach's price analysis, check to measure Turtle Beach'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 Turtle Beach is operating at the current time. Most of Turtle Beach's value examination focuses on studying past and present price action to predict the probability of Turtle Beach's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turtle Beach's price. Additionally, you may evaluate how the addition of Turtle Beach to your portfolios can decrease your overall portfolio volatility.
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Is Turtle Beach's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turtle Beach. If investors know Turtle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turtle Beach listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.73)
Earnings Share
(1.03)
Revenue Per Share
15.064
Quarterly Revenue Growth
(0.01)
Return On Assets
(0.06)
The market value of Turtle Beach Corp is measured differently than its book value, which is the value of Turtle that is recorded on the company's balance sheet. Investors also form their own opinion of Turtle Beach's value that differs from its market value or its book value, called intrinsic value, which is Turtle Beach's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turtle Beach's market value can be influenced by many factors that don't directly affect Turtle Beach's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turtle Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turtle Beach is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turtle Beach's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.