Precipitate Gold Corp Stock Current Ratio
| PRG Stock | CAD 0.13 0.01 7.14% |
Precipitate Gold Corp fundamentals help investors to digest information that contributes to Precipitate Gold's financial success or failures. It also enables traders to predict the movement of Precipitate Stock. The fundamental analysis module provides a way to measure Precipitate 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 Precipitate Gold stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 16.64 | 19.12 |
Precipitate | Current Ratio |
Precipitate Gold Corp Company Current Ratio Analysis
Precipitate 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 Precipitate Gold Current Ratio | 18.77 X |
Most of Precipitate 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, Precipitate Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Precipitate Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Precipitate Gold is extremely important. It helps to project a fair market value of Precipitate Stock properly, considering its historical fundamentals such as Current Ratio. Since Precipitate 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 Precipitate 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 Precipitate Gold's interrelated accounts and indicators.
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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, Precipitate Gold Corp has a Current Ratio of 18.77 times. This is 390.08% higher than that of the Metals & Mining sector and 53.48% higher than that of the Materials industry. The current ratio for all Canada stocks is notably lower than that of the firm.
Precipitate Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Precipitate 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 Precipitate Gold could also be used in its relative valuation, which is a method of valuing Precipitate Gold by comparing valuation metrics of similar companies.Precipitate Gold is currently under evaluation in current ratio category among its peers.
Precipitate Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | -0.0963 | ||||
| Current Valuation | 12.14 M | ||||
| Shares Outstanding | 130.37 M | ||||
| Shares Owned By Insiders | 16.41 % | ||||
| Number Of Shares Shorted | 21.24 K | ||||
| Price To Earning | (4.81) X | ||||
| Price To Book | 3.10 X | ||||
| Gross Profit | (140.14 K) | ||||
| EBITDA | (1.21 M) | ||||
| Net Income | 358.61 K | ||||
| Cash And Equivalents | 457.16 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 380.93 K | ||||
| Current Ratio | 18.77 X | ||||
| Book Value Per Share | 0.04 X | ||||
| Cash Flow From Operations | (1.2 M) | ||||
| Earnings Per Share | (0.02) X | ||||
| Beta | 1.98 | ||||
| Market Capitalization | 16.95 M | ||||
| Total Asset | 6.42 M | ||||
| Retained Earnings | (15.37 M) | ||||
| Working Capital | 4.68 M | ||||
| Net Asset | 6.42 M |
About Precipitate Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Precipitate Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precipitate Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precipitate 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.
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Additional Tools for Precipitate Stock Analysis
When running Precipitate Gold's price analysis, check to measure Precipitate 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 Precipitate Gold is operating at the current time. Most of Precipitate Gold's value examination focuses on studying past and present price action to predict the probability of Precipitate 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 Precipitate Gold's price. Additionally, you may evaluate how the addition of Precipitate Gold to your portfolios can decrease your overall portfolio volatility.