Avino Silver Gold Stock Current Ratio
ASM Stock | CAD 0.84 0.04 5.00% |
Avino Silver Gold fundamentals help investors to digest information that contributes to Avino Silver's financial success or failures. It also enables traders to predict the movement of Avino Stock. The fundamental analysis module provides a way to measure Avino Silver'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 Avino Silver stock.
As of the 28th of March 2024, Current Ratio is likely to drop to 1.67. Avino | Current Ratio |
Avino Current Ratio Analysis
Avino Silver'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.
More About Current Ratio | All Equity Analysis
Avino Silver Current Ratio |
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Current Ratio | = | Current AssetCurrent Liabilities |
Current Avino Silver Current Ratio | 2.92 X |
Most of Avino Silver'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, Avino Silver Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Avino Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Avino Silver is extremely important. It helps to project a fair market value of Avino Stock properly, considering its historical fundamentals such as Current Ratio. Since Avino Silver'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 Avino Silver'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 Avino Silver's interrelated accounts and indicators.
Click cells to compare fundamentals
Avino Current Ratio Historical Pattern
Today, most investors in Avino Silver Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Avino Silver'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 Avino Silver current ratio as a starting point in their analysis.
Avino Silver 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).
Competition |
Avino Discontinued Operations
Discontinued Operations |
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In accordance with the recently published financial statements, Avino Silver Gold has a Current Ratio of 2.92 times. This is 23.76% lower than that of the Metals & Mining sector and 93.57% lower than that of the Materials industry. The current ratio for all Canada stocks is 35.19% lower than that of the firm.
Avino Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avino Silver'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 Avino Silver could also be used in its relative valuation, which is a method of valuing Avino Silver by comparing valuation metrics of similar companies.Avino Silver is rated second in current ratio category among related companies.
Avino Fundamentals
Return On Equity | 0.0053 | ||||
Return On Asset | 0.0015 | ||||
Profit Margin | 0.01 % | ||||
Operating Margin | 0.07 % | ||||
Current Valuation | 103.99 M | ||||
Shares Outstanding | 128.73 M | ||||
Shares Owned By Insiders | 0.88 % | ||||
Shares Owned By Institutions | 7.78 % | ||||
Number Of Shares Shorted | 153.82 K | ||||
Price To Earning | 980.00 X | ||||
Price To Book | 0.73 X | ||||
Price To Sales | 2.32 X | ||||
Revenue | 46.01 M | ||||
Gross Profit | 15.31 M | ||||
EBITDA | 3.26 M | ||||
Net Income | 1.27 M | ||||
Cash And Equivalents | 10.39 M | ||||
Cash Per Share | 0.12 X | ||||
Total Debt | 6.67 M | ||||
Debt To Equity | 0.09 % | ||||
Current Ratio | 2.92 X | ||||
Book Value Per Share | 0.82 X | ||||
Cash Flow From Operations | 4.19 M | ||||
Short Ratio | 3.65 X | ||||
Earnings Per Share | 0.01 X | ||||
Target Price | 1.92 | ||||
Beta | 1.87 | ||||
Market Capitalization | 101.7 M | ||||
Total Asset | 121.2 M | ||||
Retained Earnings | (52.03 M) | ||||
Working Capital | 8.82 M | ||||
Z Score | 9.1 | ||||
Net Asset | 121.2 M |
About Avino Silver Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Avino Silver Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avino Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avino Silver Gold 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.Last Reported | Projected for 2024 | ||
Current Ratio | 1.76 | 1.67 |
Pair Trading with Avino Silver
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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Avino Stock
0.93 | PPTA | Perpetua Resources Corp | PairCorr |
0.84 | CGG | China Gold International | PairCorr |
Moving against Avino Stock
0.65 | LUC | Lucara Diamond Corp | PairCorr |
0.5 | LIF | Labrador Iron Ore | PairCorr |
0.49 | III | Imperial Metals | PairCorr |
0.43 | ELR | Eastern Platinum | PairCorr |
The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver 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 Avino Silver - 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 Avino Silver Gold to buy it.
The correlation of Avino Silver 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 Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold 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 Avino Silver 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 Avino Silver Piotroski F Score and Avino Silver Altman Z Score analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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When running Avino Silver's price analysis, check to measure Avino Silver'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 Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.
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