Orezone Gold Corp Stock Current Ratio
| ORE Stock | 0.71 0.06 9.23% |
Orezone Gold Corp fundamentals help investors to digest information that contributes to Orezone Gold's financial success or failures. It also enables traders to predict the movement of Orezone Stock. The fundamental analysis module provides a way to measure Orezone Gold'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 Orezone Gold stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.63 | 0.60 |
Orezone | Current Ratio |
Orezone Gold Corp Company Current Ratio Analysis
Orezone Gold'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 Orezone Gold Current Ratio | 12.00 X |
Most of Orezone Gold'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, Orezone Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Orezone Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Orezone Gold is extremely important. It helps to project a fair market value of Orezone Stock properly, considering its historical fundamentals such as Current Ratio. Since Orezone Gold'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 Orezone Gold'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 Orezone Gold'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 |
Orezone Price To Sales Ratio
Price To Sales Ratio |
|
In accordance with the recently published financial statements, Orezone Gold Corp has a Current Ratio of 12.0 times. This is 213.32% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current ratio for all Canada stocks is notably lower than that of the firm.
Orezone Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Orezone Gold'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 Orezone Gold could also be used in its relative valuation, which is a method of valuing Orezone Gold by comparing valuation metrics of similar companies.Orezone Gold is currently under evaluation in current ratio category among its peers.
Orezone Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Orezone Gold from analyzing Orezone Gold's financial statements. These drivers represent accounts that assess Orezone Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Orezone Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 108.0M | 214.7M | 293.7M | 306.6M | 230.4M | 241.9M | |
| Enterprise Value | 96.3M | 206.0M | 304.0M | 420.3M | 304.3M | 319.5M |
Orezone Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 377.39 M | ||||
| Shares Outstanding | 465.65 M | ||||
| Shares Owned By Insiders | 23.15 % | ||||
| Shares Owned By Institutions | 34.45 % | ||||
| Number Of Shares Shorted | 1.78 M | ||||
| Price To Book | 1.04 X | ||||
| Price To Sales | 1.28 X | ||||
| Revenue | 271.49 M | ||||
| Gross Profit | 19.43 M | ||||
| EBITDA | 111.5 M | ||||
| Net Income | 49.62 M | ||||
| Cash And Equivalents | 5.64 M | ||||
| Cash Per Share | 0.05 X | ||||
| Total Debt | 93.4 M | ||||
| Current Ratio | 12.00 X | ||||
| Book Value Per Share | 0.49 X | ||||
| Cash Flow From Operations | 79.95 M | ||||
| Short Ratio | 14.88 X | ||||
| Earnings Per Share | 0.10 X | ||||
| Target Price | 1.61 | ||||
| Number Of Employees | 788 | ||||
| Beta | 1.09 | ||||
| Market Capitalization | 330.61 M | ||||
| Total Asset | 320.08 M | ||||
| Retained Earnings | (189.29 M) | ||||
| Working Capital | (30.5 M) | ||||
| Current Asset | 4.3 M | ||||
| Current Liabilities | 210.27 K | ||||
| Net Asset | 320.08 M |
About Orezone Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Orezone Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Orezone Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Orezone Gold Corp 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 Orezone Gold
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 Orezone Gold 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 Orezone Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Orezone Stock
The ability to find closely correlated positions to Orezone Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orezone Gold 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 Orezone Gold - 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 Orezone Gold Corp to buy it.
The correlation of Orezone Gold 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 Orezone Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orezone Gold Corp 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 Orezone Gold 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.Other Information on Investing in Orezone Stock
Orezone Gold financial ratios help investors to determine whether Orezone Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Orezone with respect to the benefits of owning Orezone Gold security.