Red Pine Exploration Stock Current Ratio
| RPX Stock | CAD 0.20 0.01 4.76% |
Red Pine Exploration fundamentals help investors to digest information that contributes to Red Pine's financial success or failures. It also enables traders to predict the movement of Red Stock. The fundamental analysis module provides a way to measure Red Pine'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 Red Pine stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 4.00 | 5.64 |
Red | Current Ratio |
Red Pine Exploration Company Current Ratio Analysis
Red Pine's 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 Red Pine Current Ratio | 4.94 X |
Most of Red Pine's 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, Red Pine Exploration is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Red Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Red Pine is extremely important. It helps to project a fair market value of Red Stock properly, considering its historical fundamentals such as Current Ratio. Since Red Pine'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 Red Pine'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 Red Pine's 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 |
Red Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Red Pine Exploration has a Current Ratio of 4.94 times. This is 28.98% higher than that of the Metals & Mining sector and 59.61% lower than that of the Materials industry. The current ratio for all Canada stocks is 128.7% lower than that of the firm.
Red Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Red Pine's 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 Red Pine could also be used in its relative valuation, which is a method of valuing Red Pine by comparing valuation metrics of similar companies.Red Pine is currently under evaluation in current ratio category among related companies.
Red Fundamentals
| Return On Equity | -1.04 | ||||
| Return On Asset | -1.32 | ||||
| Current Valuation | 29.65 M | ||||
| Shares Outstanding | 190.71 M | ||||
| Shares Owned By Insiders | 14.54 % | ||||
| Shares Owned By Institutions | 15.33 % | ||||
| Number Of Shares Shorted | 46.2 K | ||||
| Price To Earning | (0.66) X | ||||
| Price To Book | 5.35 X | ||||
| EBITDA | (10.44 M) | ||||
| Net Income | (10.77 M) | ||||
| Cash And Equivalents | 1.77 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 4.94 X | ||||
| Book Value Per Share | 0.04 X | ||||
| Cash Flow From Operations | (10.99 M) | ||||
| Short Ratio | 0.06 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 0.4 | ||||
| Beta | 1.22 | ||||
| Market Capitalization | 37.19 M | ||||
| Total Asset | 4.17 M | ||||
| Retained Earnings | (107.25 M) | ||||
| Working Capital | 2.65 M | ||||
| Net Asset | 4.17 M |
About Red Pine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Red Pine Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Red Pine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Red Pine Exploration 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Red Pine in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Red Pine's short interest history, or implied volatility extrapolated from Red Pine options trading.
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Pine Exploration. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Red Stock analysis
When running Red Pine's price analysis, check to measure Red Pine'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 Red Pine is operating at the current time. Most of Red Pine's value examination focuses on studying past and present price action to predict the probability of Red Pine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Pine's price. Additionally, you may evaluate how the addition of Red Pine to your portfolios can decrease your overall portfolio volatility.
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