Diamondback Energy, Inc. - FANG

FANG Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
FANG	0.6	3.0	12.5	-2.1	-14.6	20.3	43.1	101.2	186.9	929.6
S&P 500	1.0	1.8	-0.9	2.7	7.3	26.5	31.0	80.1	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	FANG
name	Diamondback Energy, Inc.
price	180.18
changes percentage	0.5918
change	1.06
day low	178.53
day high	180.9084
year high	214.5
year low	147.93
market cap	52610578020
price avg 50	171.6622
price avg 200	188.23555
exchange	NASDAQ
volume	1755357
avg volume	2091814
open	180.36
previous close	179.12
eps	17.33
pe	10.4
earnings announcement	2025-02-24T21:00:00.000+0000
shares outstanding	291989000
timestamp	2025-01-17 21:00:01

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 37.3%

Overall Quarterly Financial Health: 46.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001539838
revenue	8412000000	9643000000	-12.77
gross profit	4871000000	6778000000	-28.14
gross profit ratio	0.58	0.7	-17.62
research and development expenses	0	0	NaN
operating expenses	290000000	256000000	13.28
interest income	2000000	1000000	100.00
interest expense	177000000	159000000	11.32
ebitda	6171000000	7338000000	-15.90
ebitdaratio	0.73	0.82	-10.01
operating income	4570000000	6508000000	-29.78
operating income ratio	0.54	0.67	-19.50
net income	3143000000	4386000000	-28.34
net income ratio	0.37	0.45	-17.85
eps	17.34	24.61	-29.54

Overall Score of Annual Income Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 8,412 million in 2023 from 9,643 million in 2022 representing a change of -12.77%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 4,871 million in 2023 from 6,778 million in 2022 representing a change of -28.14%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 290 million in 2023 from 256 million in 2022 representing a change of 13.28%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 6,171 million in 2023 from 7,338 million in 2022 representing a change of -15.9%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 4,570 million in 2023 from 6,508 million in 2022 representing a change of -29.78%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 3,143 million in 2023 from 4,386 million in 2022 representing a change of -28.34%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 17.34 in 2023 from 17.34 in 2022 representing a change of -29.54%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001539838
revenue	2645000000	2483000000	6.52
gross profit	2355000000	1224000000	92.40
gross profit ratio	0.89	0.49	80.62
research and development expenses	0	0	NaN
operating expenses	1645000000	65000000	2430.77
interest income	0	0	NaN
interest expense	18000000	44000000	-59.09
ebitda	1678000000	1673000000	0.30
ebitdaratio	0.63	0.66	-4.07
operating income	710000000	1159000000	-38.74
operating income ratio	0.27	0.47	-42.49
net income	659000000	837000000	-21.27
net income ratio	0.25	0.34	-26.09
eps	3.22	4.66	-30.90

Overall Score of Quarterly Income Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 2,645 million in 2024Q3 from 2,483 million in 2024Q2 representing a change of 6.52%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 2,355 million in 2024Q3 from 1,224 million in 2024Q2 representing a change of 92.4%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 1,645 million in 2024Q3 from 65 million in 2024Q2 representing a change of 2430.77%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 1,678 million in 2024Q3 from 1,673 million in 2024Q2 representing a change of 0.3%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 710 million in 2024Q3 from 1,159 million in 2024Q2 representing a change of -38.74%. The increase in operating income indicates better operational performance and increased profitability.

• 📉 Negative Indicators

  Net Income: Net income decreased to 659 million in 2024Q3 from 837 million in 2024Q2 representing a change of -21.27%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 3.22 in 2024Q3 from 3.22 in 2024Q2 representing a change of -30.9%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001539838
total assets	29001000000	26209000000	10.65
total liabilities	11571000000	10519000000	10.00
total equity	17430000000	15690000000	11.09
cash and cash equivalents	582000000	157000000	270.70
short term investments	0	0	NaN
long term investments	529000000	566000000	-6.54
total current assets	1621000000	1392000000	16.45
total non current assets	27380000000	24817000000	10.33
total current liabilities	2108000000	1716000000	22.84
total non current liabilities	9463000000	8803000000	7.50
common stock	2000000	2000000	0.00
retained earnings	2489000000	801000000	210.74
total debt	6801000000	6248000000	8.85

Overall Score of Annual Balance Sheet

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 29,001 million in 2023 from 26,209 million in 2022 representing a change of 10.65%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 17,430 million in 2023 from 15,690 million in 2022 representing a change of 11.09%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 582 million in 2023 from 157 million in 2022 representing a change of 270.7%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 1,621 million in 2023 from 1,392 million in 2022 representing a change of 16.45%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 2,489 million in 2023 from 801 million in 2022 representing a change of 210.74%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 11,571 million in 2023 from 10,519 million in 2022 representing a change of 10.0%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 2,108 million in 2023 from 1,716 million in 2022 representing a change of 22.84%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 6,801 million in 2023 from 6,248 million in 2022 representing a change of 8.85%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001539838
total assets	65747000000	35637000000	84.49
total liabilities	26928000000	17110000000	57.38
total equity	38819000000	18527000000	109.53
cash and cash equivalents	370000000	6911000000	-94.65
short term investments	0	0	NaN
long term investments	377000000	639000000	-41.00
total current assets	2022000000	7825000000	-74.16
total non current assets	63725000000	27812000000	129.13
total current liabilities	4463000000	2137000000	108.84
total non current liabilities	22465000000	14973000000	50.04
common stock	3000000	2000000	50.00
retained earnings	3427000000	3187000000	7.53
total debt	12923000000	11980000000	7.87

Overall Score of Quarterly Balance Sheet

0.44 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 65,747 million in 2024Q3 from 35,637 million in 2024Q2 representing a change of 84.49%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 38,819 million in 2024Q3 from 18,527 million in 2024Q2 representing a change of 109.53%. This indicates an increase in shareholders' equity.

  Common Stock: Common Stock increased to 3 in 2024Q3 from 2 in 2024Q2 representing a change of 50.0%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 3,427 million in 2024Q3 from 3,187 million in 2024Q2 representing a change of 7.53%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 26,928 million in 2024Q3 from 17,110 million in 2024Q2 representing a change of 57.38%. This indicates an increase in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 370 million in 2024Q3 from 6,911 million in 2024Q2 representing a change of -94.65%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 2,022 million in 2024Q3 from 7,825 million in 2024Q2 representing a change of -74.16%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 4,463 million in 2024Q3 from 2,137 million in 2024Q2 representing a change of 108.84%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 12,923 million in 2024Q3 from 11,980 million in 2024Q2 representing a change of 7.87%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001539838
net change in cash	421000000	-508000000	182.87
operating cash flow	5920000000	6325000000	-6.40
free cash flow	1206000000	2820000000	-57.23
capital expenditure	-4714000000	-3505000000	-34.49
depreciation and amortization	1746000000	1344000000	29.91
deferred income tax	378000000	720000000	-47.50
stock based compensation	54000000	55000000	-1.82
accounts payables	57000000	-47000000	221.28
inventory	0	0	NaN
acquisitions net	0	-1567000000	100.00
investments in property plant and equipment	-4714000000	-3505000000	-34.49
net cash used for investing activites	-3323000000	-3330000000	0.21
debt repayment	377000000	-257000000	246.69
common stock issued	0	0	NaN
common stock repurchased	-935000000	-1251000000	25.26
dividends paid	-1444000000	-1572000000	8.14
net cash used provided by financing activities	-2176000000	-3503000000	37.88
cash at end of period	585000000	164000000	256.71
accounts receivables	212000000	-47000000	551.06
cash at beginning of period	164000000	672000000	-75.60

Overall Score of Annual Cashflow Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 421 million in 2023 from -508 million in 2022 representing a change of 182.87%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure decreased to -4,714 million in 2023 from -3,505 million in 2022 representing a change of -34.49%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 54 million in 2023 from 55 million in 2022 representing a change of -1.82%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Dividends Paid: Dividends Paid increased to -1,444 million in 2023 from -1,572 million in 2022 representing a change of 8.14%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 5,920 million in 2023 from 6,325 million in 2022 representing a change of -6.4%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 1,206 million in 2023 from 2,820 million in 2022 representing a change of -57.23%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables increased to 57 million in 2023 from 47 million in 2022 representing a change of 221.28%. This indicates that the company has increased its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables increased to 212 in 2023 from -47 million in 2022 representing a change of 551.06%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001539838
operating cash flow	1209000000	1529000000	-20.93
free cash flow	-7270000000	892000000	-915.02
capital expenditure	-8479000000	-637000000	-1231.08
depreciation and amortization	742000000	483000000	53.62
deferred income tax	51000000	77000000	-33.77
stock based compensation	16000000	19000000	-15.79
accounts receivables	106000000	50000000	112.00
accounts payables	-395000000	15000000	-2733.33
inventory	0	0	NaN
acquisitions net	-49000000	190000000	-125.79
investments in property plant and equipment	-8682000000	-637000000	-1262.95
net cash used for investing activites	-8166000000	-449000000	-1718.71
debt repayment	938000000	5404000000	-82.64
common stock issued	476000000	0	NaN
common stock repurchased	-515000000	0	NaN
dividends paid	-416000000	-352000000	-18.18
net cash used provided by financing activities	419000000	4932000000	-91.50
net change in cash	-6538000000	6012000000	-208.75
cash at end of period	373000000	6911000000	-94.60
cash at beginning of period	6911000000	899000000	668.74

Overall Score of Quarterly Cashflow Statement

0.25 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -6,538 million in 2024Q3 from 6,012 million in 2024Q2 representing a change of -208.75%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 1,209 million in 2024Q3 from 1,529 million in 2024Q2 representing a change of -20.93%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -7,270 million in 2024Q3 from 892 million in 2024Q2 representing a change of -915.02%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables increased to 395 million in 2024Q3 from 15 million in 2024Q2 representing a change of -2733.33%. This indicates that the company has increased its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables increased to 106 in 2024Q3 from 50 million in 2024Q2 representing a change of 112.0%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -416 million in 2024Q3 from -352 million in 2024Q2 representing a change of -18.18%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• 📈 Positive Indicators

  Capital Expenditure: Capital Expenditure decreased to -8,479 million in 2024Q3 from -637 million in 2024Q2 representing a change of -1231.08%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 16 million in 2024Q3 from 19 million in 2024Q2 representing a change of -15.79%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	46.73	54.62	-14.44
net income per share	17.46	24.84	-29.72
operating cash flow per share	32.89	35.83	-8.20
free cash flow per share	6.7	15.97	-58.06
cash per share	3.23	0.89	263.57
book value per share	96.83	88.88	8.95
tangible book value per share	96.83	88.88	8.95
shareholders equity per share	92.36	85.02	8.64
interest debt per share	38.77	36.29	6.82
market cap	27914244920.0	24147004420	15.60
enterprise value	34133244920.0	30238004420	12.88
pe ratio	8.88	5.51	61.32
price to sales ratio	3.32	2.5	32.52
pocfratio	4.72	3.82	23.51
pfcf ratio	23.15	8.56	170.31
pb ratio	1.68	1.61	4.36
ptb ratio	1.68	1.61	4.36
ev to sales	4.06	3.14	29.40
enterprise value over ebitda	5.53	4.12	34.23
ev to operating cash flow	5.77	4.78	20.60
ev to free cash flow	28.3	10.72	163.95
earnings yield	0.11	0.18	-38.01
free cash flow yield	0.04	0.12	-63.01
debt to equity	0.41	0.42	-1.73
debt to assets	0.23	0.24	-1.63
net debt to ebitda	1.01	0.83	21.41
current ratio	0.77	0.81	-5.20
interest coverage	25.82	40.93	-36.92
income quality	1.77	1.39	27.99
dividend yield	0.05	0.07	-20.54
payout ratio	0.46	0.36	28.19
sales general and administrative to revenue	0.02	0.01	19.41
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0.8	0.55	43.69
capex to revenue	0.56	0.36	54.18
capex to depreciation	2.7	2.61	3.53
stock based compensation to revenue	0.01	0.01	12.55
graham number	190.49	218.0	-12.62
roic	0.13	0.21	-37.20
return on tangible assets	0.11	0.17	-35.24
graham net net	-57.35	-54.23	-5.74
working capital	-487000000	-324000000	-50.31
tangible asset value	17430000000	15690000000	11.09
net current asset value	-9950000000	-9127000000	-9.02
invested capital	26187000000	23435000000	11.74
average receivables	926500000	838500000	10.49
average payables	194000000	81500000	138.04
average inventory	65000000	64500000	0.78
days sales outstanding	36.75	38.08	-3.48
days payables outstanding	26.9	16.18	66.28
days of inventory on hand	6.49	8.54	-23.92
receivables turnover	9.93	9.59	3.61
payables turnover	13.57	22.56	-39.86
inventory turnover	56.21	42.76	31.44
roe	0.19	0.29	-35.31
capex per share	26.19	19.85	31.91

• Neutral

  ROE: Return on Equity (ROE) decreased to 0.19 on 2023-12-31 from 0.29 on 2022-12-31, representing a change of -35.31%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 8.88 on 2023-12-31 from 5.51 on 2022-12-31, representing a change of 61.32%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.41 on 2023-12-31 from 0.42 on 2022-12-31, representing a change of -1.73%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Negative

  Current Ratio: Current Ratio decreased to 0.77 on 2023-12-31 from 0.81 on 2022-12-31, representing a change of -5.20%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
FANG
calendar year	2024	2024	NaN
revenue per share	12.92	13.92	-7.20
net income per share	3.22	4.69	-31.41
operating cash flow per share	5.91	8.57	-31.11
free cash flow per share	-35.51	5.0	-810.04
cash per share	1.81	38.75	-95.34
book value per share	189.61	103.87	82.54
tangible book value per share	189.61	103.87	82.54
shareholders equity per share	182.82	97.82	86.89
interest debt per share	63.21	67.41	-6.24
market cap	35295452000	36333715600	-2.86
enterprise value	47848452000	41402715600	15.57
pe ratio	13.39	10.85	23.38
price to sales ratio	13.34	14.63	-8.81
pocfratio	29.19	23.76	22.85
pfcf ratio	-4.85	40.73	-111.92
pb ratio	0.94	2.08	-54.72
ptb ratio	0.94	2.08	-54.72
ev to sales	18.09	16.67	8.49
enterprise value over ebitda	28.52	24.75	15.22
ev to operating cash flow	39.58	27.08	46.16
ev to free cash flow	-6.58	46.42	-114.18
earnings yield	0.02	0.02	-18.95
free cash flow yield	-0.21	0.02	-939.00
debt to equity	0.35	0.69	-49.71
debt to assets	0.2	0.34	-41.53
net debt to ebitda	7.48	3.03	146.90
current ratio	0.45	3.66	-87.63
interest coverage	39.44	26.34	49.75
income quality	1.71	1.84	-7.19
dividend yield	0.01	0.01	21.66
payout ratio	0.63	0.42	50.10
sales general and administrative to revenue	0.02	0.02	-0.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	7.01	0.42	1583.40
capex to revenue	3.21	0.26	1149.56
capex to depreciation	11.43	1.32	766.46
stock based compensation to revenue	0.01	0.01	-20.95
graham number	115.07	101.63	13.22
roic	0.01	0.03	-67.38
return on tangible assets	0.01	0.02	-57.32
graham net net	-124.18	-53.54	-131.94
working capital	-2441000000	5688000000	-142.91
tangible asset value	38819000000	18527000000	109.53
net current asset value	-24906000000	-9285000000	-168.24
invested capital	60612000000	32787000000	84.87
average receivables	1130000000	886000000	27.54
average payables	264500000	287000000	-7.84
average inventory	90500000	56000000	61.61
days sales outstanding	48.66	30.08	61.74
days payables outstanding	61.45	23.66	159.70
days of inventory on hand	39.1	3.93	894.57
receivables turnover	1.85	2.99	-38.17
payables turnover	1.46	3.8	-61.49
inventory turnover	2.3	22.89	-89.95
roe	0.02	0.05	-63.30
capex per share	41.42	3.57	1059.63

• Negative

  ROE: Return on Equity (ROE) decreased to 0.02 on 2024-09-30 Q3 from 0.05 on 2024-06-30 Q2, representing a change of -63.30%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 0.45 on 2024-09-30 Q3 from 3.66 on 2024-06-30 Q2, representing a change of -87.63%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 13.39 on 2024-09-30 Q3 from 10.85 on 2024-06-30 Q2, representing a change of 23.38%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.35 on 2024-09-30 Q3 from 0.69 on 2024-06-30 Q2, representing a change of -49.71%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None