Newcore Gold Stock Z Score
NCAUF Stock | USD 0.17 0.03 20.50% |
Newcore |
Newcore Gold OTC Stock Z Score Analysis
Newcore Gold's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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Based on the company's disclosures, Newcore Gold has a Z Score of 0.0. This is 100.0% lower than that of the Basic Materials sector and 100.0% lower than that of the Gold industry. The z score for all United States stocks is 100.0% higher than that of the company.
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Newcore Fundamentals
Return On Equity | -0.0866 | |||
Return On Asset | -0.0392 | |||
Current Valuation | 19.1 M | |||
Shares Outstanding | 138.26 M | |||
Shares Owned By Insiders | 23.72 % | |||
Shares Owned By Institutions | 30.06 % | |||
Price To Book | 0.67 X | |||
EBITDA | (3.84 M) | |||
Net Income | (4.02 M) | |||
Cash And Equivalents | 1.82 M | |||
Cash Per Share | 0.01 X | |||
Current Ratio | 4.90 X | |||
Book Value Per Share | 0.33 X | |||
Cash Flow From Operations | (2.53 M) | |||
Earnings Per Share | (0.03) X | |||
Beta | 1.19 | |||
Market Capitalization | 25.35 M | |||
Total Asset | 40.39 M | |||
Net Asset | 40.39 M |
About Newcore Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Newcore Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newcore Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newcore Gold based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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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Complementary Tools for Newcore OTC Stock analysis
When running Newcore Gold's price analysis, check to measure Newcore Gold'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 Newcore Gold is operating at the current time. Most of Newcore Gold's value examination focuses on studying past and present price action to predict the probability of Newcore Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newcore Gold's price. Additionally, you may evaluate how the addition of Newcore Gold to your portfolios can decrease your overall portfolio volatility.
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