Unity Biotechnology Stock Cash And Equivalents

UBX Stock  USD 1.42  0.02  1.43%   
Unity Biotechnology fundamentals help investors to digest information that contributes to Unity Biotechnology's financial success or failures. It also enables traders to predict the movement of Unity Stock. The fundamental analysis module provides a way to measure Unity Biotechnology'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 Unity Biotechnology stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Unity Biotechnology Company Cash And Equivalents Analysis

Unity Biotechnology's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

 = 

Bank Deposits

+

Liquidities

More About Cash And Equivalents | All Equity Analysis

Current Unity Biotechnology Cash And Equivalents

    
  64.51 M  
Most of Unity Biotechnology's fundamental indicators, such as Cash And Equivalents, 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, Unity Biotechnology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Unity Cash And Equivalents Driver Correlations

Understanding the fundamental principles of building solid financial models for Unity Biotechnology is extremely important. It helps to project a fair market value of Unity Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Unity Biotechnology'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 Unity Biotechnology'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 Unity Biotechnology's interrelated accounts and indicators.
0.780.70.42-0.170.830.29-0.460.860.650.48-0.880.430.770.830.220.350.40.120.25-0.3
0.780.780.75-0.520.90.59-0.910.550.760.53-0.780.550.40.540.50.070.250.3-0.180.13
0.70.780.67-0.70.770.81-0.670.460.670.55-0.780.670.220.430.68-0.040.270.44-0.390.34
0.420.750.67-0.880.450.86-0.81-0.010.670.74-0.650.67-0.16-0.050.79-0.180.470.77-0.620.52
-0.17-0.52-0.7-0.88-0.29-0.980.660.23-0.53-0.650.5-0.70.450.28-0.90.34-0.28-0.830.85-0.75
0.830.90.770.45-0.290.42-0.740.730.720.39-0.720.520.550.730.330.230.120.010.08-0.09
0.290.590.810.86-0.980.42-0.7-0.070.620.67-0.570.71-0.34-0.120.87-0.250.260.75-0.780.67
-0.46-0.91-0.67-0.810.66-0.74-0.7-0.22-0.69-0.460.53-0.51-0.01-0.23-0.570.13-0.1-0.380.44-0.39
0.860.550.46-0.010.230.73-0.07-0.220.330.02-0.60.00.90.99-0.220.320.01-0.250.48-0.48
0.650.760.670.67-0.530.720.62-0.690.330.86-0.720.680.180.310.580.540.40.18-0.06-0.12
0.480.530.550.74-0.650.390.67-0.460.020.86-0.670.8-0.04-0.020.730.420.70.45-0.20.02
-0.88-0.78-0.78-0.650.5-0.72-0.570.53-0.6-0.72-0.67-0.64-0.5-0.53-0.57-0.22-0.39-0.460.110.01
0.430.550.670.67-0.70.520.71-0.510.00.680.8-0.64-0.07-0.050.890.110.60.51-0.330.28
0.770.40.22-0.160.450.55-0.34-0.010.90.18-0.04-0.5-0.070.89-0.310.420.11-0.360.67-0.63
0.830.540.43-0.050.280.73-0.12-0.230.990.31-0.02-0.53-0.050.89-0.280.33-0.01-0.320.52-0.5
0.220.50.680.79-0.90.330.87-0.57-0.220.580.73-0.570.89-0.31-0.28-0.140.390.72-0.680.6
0.350.07-0.04-0.180.340.23-0.250.130.320.540.42-0.220.110.420.33-0.140.24-0.550.69-0.84
0.40.250.270.47-0.280.120.26-0.10.010.40.7-0.390.60.11-0.010.390.240.330.09-0.08
0.120.30.440.77-0.830.010.75-0.38-0.250.180.45-0.460.51-0.36-0.320.72-0.550.33-0.80.73
0.25-0.18-0.39-0.620.850.08-0.780.440.48-0.06-0.20.11-0.330.670.52-0.680.690.09-0.8-0.95
-0.30.130.340.52-0.75-0.090.67-0.39-0.48-0.120.020.010.28-0.63-0.50.6-0.84-0.080.73-0.95
Click cells to compare fundamentals
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Competition

Unity Cash And Cash Equivalents Changes

Cash And Cash Equivalents Changes

(17.71 Million)

Unity Biotechnology reported Cash And Cash Equivalents Changes of (18.65 Million) in 2023
In accordance with the recently published financial statements, Unity Biotechnology has 64.51 M in Cash And Equivalents. This is 92.14% lower than that of the Biotechnology sector and 85.57% lower than that of the Health Care industry. The cash and equivalents for all United States stocks is 97.61% higher than that of the company.

Unity Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Unity Biotechnology's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Unity Biotechnology could also be used in its relative valuation, which is a method of valuing Unity Biotechnology by comparing valuation metrics of similar companies.
Unity Biotechnology is currently under evaluation in cash and equivalents category among its peers.

Unity Fundamentals

About Unity Biotechnology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Unity Biotechnology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Unity Biotechnology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Unity Biotechnology 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Unity Stock Analysis

When running Unity Biotechnology's price analysis, check to measure Unity Biotechnology'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 Unity Biotechnology is operating at the current time. Most of Unity Biotechnology's value examination focuses on studying past and present price action to predict the probability of Unity Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Biotechnology's price. Additionally, you may evaluate how the addition of Unity Biotechnology to your portfolios can decrease your overall portfolio volatility.