Graniteshares 2x Long Etf Current Asset
| AMZZ Etf | USD 30.16 1.31 4.16% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess GraniteShares' long-term financial health and intrinsic value.
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GraniteShares 2x Long ETF Current Asset Analysis
GraniteShares' Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current GraniteShares Current Asset | 28 K |
Most of GraniteShares' fundamental indicators, such as Current Asset, 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, GraniteShares 2x Long is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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In accordance with the recently published financial statements, GraniteShares 2x Long has a Current Asset of 28 K. This is much higher than that of the family and significantly higher than that of the Trading--Leveraged Equity category. The current asset for all United States etfs is notably lower than that of the firm.
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GraniteShares Fundamentals
| Return On Asset | -298.27 | |||
| Current Valuation | 583.46 K | |||
| Shares Outstanding | 616 M | |||
| Net Income | (1.13 M) | |||
| Cash And Equivalents | 27.88 K | |||
| Total Debt | 549.75 K | |||
| Current Ratio | 0.04 X | |||
| Cash Flow From Operations | (843.09 K) | |||
| Earnings Per Share | (0.89) X | |||
| Total Asset | 30 K | |||
| Retained Earnings | (1.47 M) | |||
| Working Capital | (691 K) | |||
| Current Asset | 28 K | |||
| Current Liabilities | 719 K | |||
| One Year Return | (11.80) % |
About GraniteShares Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GraniteShares 2x Long's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GraniteShares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GraniteShares 2x Long based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
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Check out GraniteShares Piotroski F Score and GraniteShares Altman Z Score analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of GraniteShares 2x Long is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares' value that differs from its market value or its book value, called intrinsic value, which is GraniteShares' 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 GraniteShares' market value can be influenced by many factors that don't directly affect GraniteShares' 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 GraniteShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares' 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.