Xtra Gold Resources Corp Stock Current Liabilities
| XTG Stock | CAD 2.11 0.03 1.40% |
Xtra Gold Resources Corp fundamentals help investors to digest information that contributes to Xtra-Gold Resources' financial success or failures. It also enables traders to predict the movement of Xtra-Gold Stock. The fundamental analysis module provides a way to measure Xtra-Gold 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 Xtra-Gold Resources stock.
As of the 21st of March 2025, Total Current Liabilities is likely to grow to about 1.8 M. Xtra-Gold | Current Liabilities |
Xtra Gold Resources Corp Company Current Liabilities Analysis
Xtra-Gold Resources' Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Xtra-Gold Current Liabilities Driver Correlations
Understanding the fundamental principles of building solid financial models for Xtra-Gold Resources is extremely important. It helps to project a fair market value of Xtra-Gold Stock properly, considering its historical fundamentals such as Current Liabilities. Since Xtra-Gold 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 Xtra-Gold 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 Xtra-Gold Resources' interrelated accounts and indicators.
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Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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Xtra-Gold Total Current Liabilities
Total Current Liabilities |
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In accordance with the recently published financial statements, Xtra Gold Resources Corp has a Current Liabilities of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The current liabilities for all Canada stocks is 100.0% higher than that of the company.
Xtra-Gold Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Xtra-Gold Resources from analyzing Xtra-Gold Resources' financial statements. These drivers represent accounts that assess Xtra-Gold Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Xtra-Gold Resources' important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 48.6M | 36.2M | 29.9M | 36.7M | 42.2M | 40.2M | |
| Enterprise Value | 44.2M | 31.6M | 24.1M | 29.5M | 34.0M | 37.3M |
Xtra-Gold Fundamentals
| Return On Equity | 0.0738 | ||||
| Return On Asset | 0.11 | ||||
| Current Valuation | 79.34 M | ||||
| Shares Outstanding | 46.04 M | ||||
| Shares Owned By Insiders | 22.99 % | ||||
| Shares Owned By Institutions | 0.07 % | ||||
| Number Of Shares Shorted | 712 | ||||
| Price To Earning | 19.17 X | ||||
| Price To Book | 5.36 X | ||||
| EBITDA | 2.27 M | ||||
| Net Income | 14.72 K | ||||
| Cash And Equivalents | 5.78 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 1.52 M | ||||
| Current Ratio | 20.82 X | ||||
| Book Value Per Share | 0.28 X | ||||
| Cash Flow From Operations | 1.81 M | ||||
| Short Ratio | 0.07 X | ||||
| Earnings Per Share | 0.01 X | ||||
| Beta | 0.5 | ||||
| Market Capitalization | 98.53 M | ||||
| Total Asset | 11.86 M | ||||
| Retained Earnings | (21.51 M) | ||||
| Working Capital | 8.77 M | ||||
| Net Asset | 11.86 M |
About Xtra-Gold Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Xtra Gold Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Xtra-Gold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Xtra Gold Resources 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 Xtra-Gold 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 Xtra-Gold 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 Xtra-Gold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtra-Gold Stock
Moving against Xtra-Gold Stock
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The ability to find closely correlated positions to Xtra-Gold 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 Xtra-Gold 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 Xtra-Gold 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 Xtra Gold Resources Corp to buy it.
The correlation of Xtra-Gold 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 Xtra-Gold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold 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 Xtra-Gold 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.Other Information on Investing in Xtra-Gold Stock
Xtra-Gold Resources financial ratios help investors to determine whether Xtra-Gold 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 Xtra-Gold with respect to the benefits of owning Xtra-Gold Resources security.