Skycorp Solar Group Stock Current Ratio
| PN Stock | 3.30 0.29 8.08% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Skycorp Solar's long-term financial health and intrinsic value.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 2.29 | 2.37 |
Skycorp | Current Ratio | Build AI portfolio with Skycorp Stock |
Skycorp Solar Group Company Current Ratio Analysis
Skycorp Solar'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 Skycorp Solar Current Ratio | 1.26 X |
Most of Skycorp Solar'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, Skycorp Solar Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Skycorp Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Skycorp Solar is extremely important. It helps to project a fair market value of Skycorp Stock properly, considering its historical fundamentals such as Current Ratio. Since Skycorp Solar'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 Skycorp Solar'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 Skycorp Solar's interrelated accounts and indicators.
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Skycorp Current Ratio Historical Pattern
Today, most investors in Skycorp Solar Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Skycorp Solar'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 Skycorp Solar current ratio as a starting point in their analysis.
Skycorp Solar Current Ratio |
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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).
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Skycorp Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Skycorp Solar Group has a Current Ratio of 1.26 times. This is 55.48% lower than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The current ratio for all United States stocks is 41.67% higher than that of the company.
Skycorp Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skycorp Solar'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 Skycorp Solar could also be used in its relative valuation, which is a method of valuing Skycorp Solar by comparing valuation metrics of similar companies.Skycorp Solar is currently under evaluation in current ratio category among its peers.
Skycorp Fundamentals
| Return On Equity | 0.0651 | ||||
| Return On Asset | 0.0228 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 98.69 M | ||||
| Shares Outstanding | 27 M | ||||
| Number Of Shares Shorted | 15.74 K | ||||
| Price To Earning | (51.67) X | ||||
| Price To Book | 6.15 X | ||||
| Price To Sales | 2.11 X | ||||
| Revenue | 49.86 M | ||||
| Gross Profit | 6.53 M | ||||
| EBITDA | 1.44 M | ||||
| Net Income | (817 K) | ||||
| Cash And Equivalents | 91.89 M | ||||
| Cash Per Share | 2.93 X | ||||
| Total Debt | 2.88 M | ||||
| Debt To Equity | 0.39 % | ||||
| Current Ratio | 1.26 X | ||||
| Book Value Per Share | 0.66 X | ||||
| Cash Flow From Operations | 2.57 M | ||||
| Earnings Per Share | 0.02 X | ||||
| Price To Earnings To Growth | 0.03 X | ||||
| Number Of Employees | 113 | ||||
| Market Capitalization | 105.17 M | ||||
| Total Asset | 31.95 M | ||||
| Retained Earnings | 14.28 M | ||||
| Working Capital | 12.67 M | ||||
| Current Asset | 65.34 M | ||||
| Current Liabilities | 90.73 M | ||||
| Net Asset | 31.95 M |
About Skycorp Solar Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skycorp Solar Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skycorp Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skycorp Solar Group 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 Skycorp Solar
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 Skycorp Solar 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 Skycorp Solar will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Skycorp Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skycorp Solar 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 Skycorp Solar - 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 Skycorp Solar Group to buy it.
The correlation of Skycorp Solar 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 Skycorp Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skycorp Solar Group 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 Skycorp Solar 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 Skycorp Solar Piotroski F Score and Skycorp Solar Altman Z Score analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Electrical Components & Equipment space 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 Skycorp Solar. If investors know Skycorp 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 Skycorp Solar 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 (0.93) | Earnings Share 0.02 | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
The market value of Skycorp Solar Group is measured differently than its book value, which is the value of Skycorp that is recorded on the company's balance sheet. Investors also form their own opinion of Skycorp Solar's value that differs from its market value or its book value, called intrinsic value, which is Skycorp Solar'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 Skycorp Solar's market value can be influenced by many factors that don't directly affect Skycorp Solar'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 Skycorp Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skycorp Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skycorp Solar'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.