Hour Loop Stock Cash And Equivalents

HOUR Stock  USD 1.09  0.02  1.87%   
Hour Loop fundamentals help investors to digest information that contributes to Hour Loop's financial success or failures. It also enables traders to predict the movement of Hour Stock. The fundamental analysis module provides a way to measure Hour Loop'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 Hour Loop 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.

Hour Loop Company Cash And Equivalents Analysis

Hour Loop'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

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Liquidities

More About Cash And Equivalents | All Equity Analysis

Current Hour Loop Cash And Equivalents

    
  2.31 M  
Most of Hour Loop'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, Hour Loop is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Hour Cash And Equivalents Driver Correlations

Understanding the fundamental principles of building solid financial models for Hour Loop is extremely important. It helps to project a fair market value of Hour Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Hour Loop'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 Hour Loop'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 Hour Loop's interrelated accounts and indicators.
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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

In accordance with the recently published financial statements, Hour Loop has 2.31 M in Cash And Equivalents. This is 99.7% lower than that of the Broadline Retail sector and significantly higher than that of the Consumer Discretionary industry. The cash and equivalents for all United States stocks is 99.91% higher than that of the company.

Hour Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hour Loop'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 Hour Loop could also be used in its relative valuation, which is a method of valuing Hour Loop by comparing valuation metrics of similar companies.
Hour Loop is currently under evaluation in cash and equivalents category among its peers.

Hour Fundamentals

About Hour Loop Fundamental Analysis

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

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Additional Tools for Hour Stock Analysis

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