International Tower Hill Stock Current Liabilities
| ITH Stock | CAD 2.85 0.27 8.65% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess International Tower's long-term financial health and intrinsic value.
International |
International Tower Hill Company Current Liabilities Analysis
International Tower's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
| Competition |
In accordance with the recently published financial statements, International Tower Hill has a Current Liabilities of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The current liabilities for all Canada stocks is 100.0% higher than that of the company.
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International Fundamentals
| Return On Equity | -0.0727 | ||||
| Return On Asset | -0.042 | ||||
| Current Valuation | 536.53 M | ||||
| Shares Outstanding | 207.89 M | ||||
| Shares Owned By Insiders | 0.49 % | ||||
| Shares Owned By Institutions | 66.89 % | ||||
| Number Of Shares Shorted | 87.97 K | ||||
| Price To Earning | (14.65) X | ||||
| Price To Book | 6.65 X | ||||
| EBITDA | (3.25 M) | ||||
| Net Income | (3.6 M) | ||||
| Cash And Equivalents | 992.49 K | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 177.48 K | ||||
| Current Ratio | 19.21 X | ||||
| Book Value Per Share | 0.28 X | ||||
| Cash Flow From Operations | (2.89 M) | ||||
| Short Ratio | 2.46 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Target Price | 2.0 | ||||
| Beta | 1.01 | ||||
| Market Capitalization | 648.6 M | ||||
| Total Asset | 56.52 M | ||||
| Retained Earnings | (273.16 M) | ||||
| Working Capital | 959.7 K | ||||
| Net Asset | 56.52 M |
About International Tower Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze International Tower Hill's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of International Tower using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of International Tower Hill 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 International Tower
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 International Tower 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 International Tower will appreciate offsetting losses from the drop in the long position's value.Moving together with International Stock
| 0.76 | AG | First Majestic Silver | PairCorr |
| 0.64 | IE | Ivanhoe Energy | PairCorr |
| 0.73 | ORE | Orezone Gold Corp | PairCorr |
| 0.77 | FDY | Faraday Copper Corp | PairCorr |
| 0.61 | FDR | Flinders Resources | PairCorr |
Moving against International Stock
The ability to find closely correlated positions to International Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Tower 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 International Tower - 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 International Tower Hill to buy it.
The correlation of International Tower 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 International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill 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 International Tower 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 International Tower Hill. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.