Galaxy Digital Holdings Stock Current Ratio
| GLXY Stock | CAD 37.08 2.22 5.65% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Galaxy Digital's long-term financial health and intrinsic value.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 2.68 | 2.54 |
Galaxy | Current Ratio |
Galaxy Digital Holdings Company Current Ratio Analysis
Galaxy Digital'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 Galaxy Digital Current Ratio | 1.01 X |
Most of Galaxy Digital'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, Galaxy Digital Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Galaxy Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Galaxy Digital is extremely important. It helps to project a fair market value of Galaxy Stock properly, considering its historical fundamentals such as Current Ratio. Since Galaxy Digital'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 Galaxy Digital'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 Galaxy Digital's interrelated accounts and indicators.
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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 |
In accordance with the recently published financial statements, Galaxy Digital Holdings has a Current Ratio of 1.01 times. This is 75.06% lower than that of the Capital Markets sector and 70.12% lower than that of the Financials industry. The current ratio for all Canada stocks is 53.24% higher than that of the company.
Galaxy Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Galaxy Digital'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 Galaxy Digital could also be used in its relative valuation, which is a method of valuing Galaxy Digital by comparing valuation metrics of similar companies.Galaxy Digital is currently under evaluation in current ratio category among its peers.
Galaxy Digital Current Valuation Drivers
We derive many important indicators used in calculating different scores of Galaxy Digital from analyzing Galaxy Digital's financial statements. These drivers represent accounts that assess Galaxy Digital's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Galaxy Digital's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 588.1M | 1.7B | 297.3M | 824.3M | 2.1B | 2.2B | |
| Enterprise Value | 608.9M | 1.6B | 287.3M | 823.5M | 2.1B | 2.2B |
Galaxy Fundamentals
| Return On Equity | 0.0874 | ||||
| Current Valuation | 4.88 B | ||||
| Shares Outstanding | 130.9 M | ||||
| Shares Owned By Insiders | 4.02 % | ||||
| Shares Owned By Institutions | 28.39 % | ||||
| Number Of Shares Shorted | 2.87 M | ||||
| Price To Earning | 2.51 X | ||||
| Price To Book | 3.43 X | ||||
| Price To Sales | 34.67 X | ||||
| EBITDA | 493.24 K | ||||
| Net Income | 78.86 M | ||||
| Cash And Equivalents | 8.71 M | ||||
| Cash Per Share | 0.08 X | ||||
| Total Debt | 98.19 M | ||||
| Current Ratio | 1.01 X | ||||
| Book Value Per Share | 8.02 X | ||||
| Cash Flow From Operations | (18.55 M) | ||||
| Short Ratio | 1.96 X | ||||
| Earnings Per Share | 0.76 X | ||||
| Target Price | 39.43 | ||||
| Number Of Employees | 528 | ||||
| Beta | 4.34 | ||||
| Market Capitalization | 14.35 B | ||||
| Total Asset | 1.12 B | ||||
| Retained Earnings | 342.92 M | ||||
| Working Capital | 72.9 M | ||||
| Net Asset | 1.12 B |
About Galaxy Digital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Galaxy Digital Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Galaxy Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Galaxy Digital Holdings 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.
Pair Trading with Galaxy Digital
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 Galaxy Digital 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 Galaxy Digital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Galaxy Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galaxy Digital 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 Galaxy Digital - 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 Galaxy Digital Holdings to buy it.
The correlation of Galaxy Digital 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 Galaxy Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Galaxy Digital Holdings 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 Galaxy Digital 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.