Bitterroot Resources Stock Total Asset
BTT Stock | CAD 0.03 0.01 16.67% |
Bitterroot Resources fundamentals help investors to digest information that contributes to Bitterroot Resources' financial success or failures. It also enables traders to predict the movement of Bitterroot Stock. The fundamental analysis module provides a way to measure Bitterroot Resources' 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 Bitterroot Resources stock.
Last Reported | Projected for Next Year | ||
Total Assets | 5 M | 5.5 M | |
Intangibles To Total Assets | 0.00 | 0.00 |
Bitterroot | Total Asset |
Bitterroot Resources Company Total Asset Analysis
Bitterroot Resources' Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Bitterroot Resources Total Asset | 5.57 M |
Most of Bitterroot Resources' fundamental indicators, such as Total Asset, 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, Bitterroot Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bitterroot Total Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Bitterroot Resources is extremely important. It helps to project a fair market value of Bitterroot Stock properly, considering its historical fundamentals such as Total Asset. Since Bitterroot Resources' 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 Bitterroot Resources' 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 Bitterroot Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Competition |
Bitterroot Total Assets
Total Assets |
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Based on the latest financial disclosure, Bitterroot Resources has a Total Asset of 5.57 M. This is 99.97% lower than that of the Metals & Mining sector and 99.99% lower than that of the Materials industry. The total asset for all Canada stocks is 99.98% higher than that of the company.
Bitterroot Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bitterroot Resources' direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bitterroot Resources could also be used in its relative valuation, which is a method of valuing Bitterroot Resources by comparing valuation metrics of similar companies.Bitterroot Resources is currently under evaluation in total asset category among related companies.
Bitterroot Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Bitterroot Resources from analyzing Bitterroot Resources' financial statements. These drivers represent accounts that assess Bitterroot Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Bitterroot Resources' important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 2.8M | 5.0M | 4.3M | 2.8M | 3.2M | 3.0M | |
Enterprise Value | 3.0M | 4.3M | 4.2M | 2.9M | 3.3M | 6.3M |
Bitterroot Fundamentals
Return On Equity | -0.0634 | ||||
Return On Asset | -0.0349 | ||||
Current Valuation | 2.44 M | ||||
Shares Outstanding | 93.68 M | ||||
Shares Owned By Insiders | 31.42 % | ||||
Number Of Shares Shorted | 13.74 K | ||||
Price To Earning | 0.71 X | ||||
Price To Book | 0.36 X | ||||
Gross Profit | (11.17 K) | ||||
EBITDA | (343.01 K) | ||||
Net Income | (361.91 K) | ||||
Cash And Equivalents | 100.06 K | ||||
Total Debt | 96.83 K | ||||
Debt To Equity | 5.50 % | ||||
Current Ratio | 0.40 X | ||||
Book Value Per Share | 0.06 X | ||||
Cash Flow From Operations | (63.61 K) | ||||
Short Ratio | 1.25 X | ||||
Beta | 0.47 | ||||
Market Capitalization | 2.34 M | ||||
Total Asset | 5.57 M | ||||
Retained Earnings | (30.16 M) | ||||
Working Capital | (340.85 K) | ||||
Net Asset | 5.57 M |
About Bitterroot Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bitterroot Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bitterroot Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bitterroot Resources 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 Bitterroot Resources
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 Bitterroot Resources 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 Bitterroot Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bitterroot Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitterroot Resources 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 Bitterroot Resources - 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 Bitterroot Resources to buy it.
The correlation of Bitterroot Resources 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 Bitterroot Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitterroot Resources 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 Bitterroot Resources 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 Bitterroot Resources. 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Bitterroot Stock analysis
When running Bitterroot Resources' price analysis, check to measure Bitterroot Resources' 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 Bitterroot Resources is operating at the current time. Most of Bitterroot Resources' value examination focuses on studying past and present price action to predict the probability of Bitterroot Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitterroot Resources' price. Additionally, you may evaluate how the addition of Bitterroot Resources to your portfolios can decrease your overall portfolio volatility.
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