Gold79 Mines Stock Current Ratio
| AUU Stock | CAD 0.03 0.00 0.00% |
Gold79 Mines fundamentals help investors to digest information that contributes to Gold79 Mines' financial success or failures. It also enables traders to predict the movement of Gold79 Stock. The fundamental analysis module provides a way to measure Gold79 Mines' 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 Gold79 Mines stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 6.95 | 6.19 |
Gold79 | Current Ratio |
Gold79 Mines Company Current Ratio Analysis
Gold79 Mines' 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 Gold79 Mines Current Ratio | 0.45 X |
Most of Gold79 Mines' 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, Gold79 Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gold79 Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Gold79 Mines is extremely important. It helps to project a fair market value of Gold79 Stock properly, considering its historical fundamentals such as Current Ratio. Since Gold79 Mines' 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 Gold79 Mines' 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 Gold79 Mines' interrelated accounts and indicators.
Click cells to compare fundamentals
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 |
In accordance with the recently published financial statements, Gold79 Mines has a Current Ratio of 0.45 times. This is 88.25% lower than that of the Metals & Mining sector and 88.64% lower than that of the Materials industry. The current ratio for all Canada stocks is 79.17% higher than that of the company.
Gold79 Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gold79 Mines' 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 Gold79 Mines could also be used in its relative valuation, which is a method of valuing Gold79 Mines by comparing valuation metrics of similar companies.Gold79 Mines is currently under evaluation in current ratio category among related companies.
Gold79 Mines Current Valuation Drivers
We derive many important indicators used in calculating different scores of Gold79 Mines from analyzing Gold79 Mines' financial statements. These drivers represent accounts that assess Gold79 Mines' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Gold79 Mines' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.2M | 3.2M | 5.4M | 2.7M | 2.5M | 3.2M | |
| Enterprise Value | 1.1M | 3.0M | 4.4M | 2.3M | 2.1M | 2.9M |
Gold79 Fundamentals
| Return On Equity | -0.1 | ||||
| Return On Asset | -0.0572 | ||||
| Current Valuation | 4.73 M | ||||
| Shares Outstanding | 191.3 M | ||||
| Shares Owned By Insiders | 14.09 % | ||||
| Shares Owned By Institutions | 4.44 % | ||||
| Number Of Shares Shorted | 1.71 K | ||||
| Price To Earning | (35.00) X | ||||
| Price To Book | 0.70 X | ||||
| Gross Profit | (960) | ||||
| EBITDA | (656.52 K) | ||||
| Net Income | (482.21 K) | ||||
| Cash And Equivalents | 150.42 K | ||||
| Current Ratio | 0.45 X | ||||
| Book Value Per Share | 0.03 X | ||||
| Cash Flow From Operations | (686.92 K) | ||||
| Short Ratio | 0.02 X | ||||
| Beta | 2.44 | ||||
| Market Capitalization | 4.78 M | ||||
| Total Asset | 5 M | ||||
| Retained Earnings | (20.52 M) | ||||
| Working Capital | 430.71 K | ||||
| Net Asset | 5 M |
About Gold79 Mines Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gold79 Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gold79 Mines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gold79 Mines 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 Gold79 Mines
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 Gold79 Mines 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 Gold79 Mines will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Gold79 Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold79 Mines 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 Gold79 Mines - 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 Gold79 Mines to buy it.
The correlation of Gold79 Mines 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 Gold79 Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold79 Mines 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 Gold79 Mines 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Gold79 Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Gold79 Stock analysis
When running Gold79 Mines' price analysis, check to measure Gold79 Mines' 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 Gold79 Mines is operating at the current time. Most of Gold79 Mines' value examination focuses on studying past and present price action to predict the probability of Gold79 Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold79 Mines' price. Additionally, you may evaluate how the addition of Gold79 Mines to your portfolios can decrease your overall portfolio volatility.
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