Liberty Gold Shares Outstanding vs. Current Ratio

LGD Stock  CAD 0.29  0.01  3.57%   
Based on the measurements of profitability obtained from Liberty Gold's financial statements, Liberty Gold Corp may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Liberty Gold's ability to earn profits and add value for shareholders. At this time, Liberty Gold's Invested Capital is very stable compared to the past year. As of the 4th of December 2024, Average Payables is likely to grow to about 1.2 M, while PTB Ratio is likely to drop 2.62.
For Liberty Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Liberty Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Liberty Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Liberty Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Liberty Gold Corp over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Liberty Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Liberty Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Liberty Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Liberty Gold Corp Current Ratio vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Liberty Gold's current stock value. Our valuation model uses many indicators to compare Liberty Gold value to that of its competitors to determine the firm's financial worth.
Liberty Gold Corp is rated second overall in shares outstanding category among its peers. It is rated third overall in current ratio category among its peers . The ratio of Shares Outstanding to Current Ratio for Liberty Gold Corp is about  87,023,971 . At this time, Liberty Gold's Current Ratio is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Liberty Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Liberty Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Liberty Current Ratio vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Liberty Gold

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
381.16 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.

Liberty Gold

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
4.38 X
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).

Liberty Current Ratio Comparison

Liberty Gold is currently under evaluation in current ratio category among its peers.

Liberty Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Liberty Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Liberty Gold will eventually generate negative long term returns. The profitability progress is the general direction of Liberty Gold's change in net profit over the period of time. It can combine multiple indicators of Liberty Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-10.1 M-10.6 M
Operating Income-20 M-19 M
Income Before Tax-20.4 M-19.4 M
Total Other Income Expense Net-371.3 K-352.7 K
Net Loss-20.2 M-19.2 M
Income Tax Expense422.8 K480.4 K
Net Loss-20.8 M-19.8 M
Net Loss-19 M-18 M
Interest Income513.1 KM
Net Interest Income513.1 K297.8 K
Change To Netincome6.5 M6.8 M
Net Loss(0.06)(0.06)
Income Quality 0.78  0.48 
Net Income Per E B T 0.99  0.81 

Liberty Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Liberty Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Liberty Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Liberty Gold's important profitability drivers and their relationship over time.

Use Liberty Gold in pair-trading

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 Liberty 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 Liberty Gold will appreciate offsetting losses from the drop in the long position's value.

Liberty Gold Pair Trading

Liberty Gold Corp Pair Trading Analysis

The ability to find closely correlated positions to Liberty 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 Liberty 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 Liberty 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 Liberty Gold Corp to buy it.
The correlation of Liberty 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 Liberty Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty 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 Liberty 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Liberty Gold position

In addition to having Liberty Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Preferred Stock ETFs
Preferred Stock ETFs Theme
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Preferred Stock ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Liberty Stock

To fully project Liberty Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Liberty Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Liberty Gold's income statement, its balance sheet, and the statement of cash flows.
Potential Liberty Gold investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Liberty Gold investors may work on each financial statement separately, they are all related. The changes in Liberty Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Liberty Gold's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.