Canadian Spirit Resources Stock Probability Of Bankruptcy
| SPI Stock | CAD 0.09 0.01 12.50% |
Canadian | Probability Of Bankruptcy |
Canadian Spirit Resources Company odds of financial turmoil Analysis
Canadian Spirit's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Canadian Spirit Probability Of Bankruptcy | Over 63% |
Most of Canadian Spirit's fundamental indicators, such as Probability Of Bankruptcy, 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, Canadian Spirit Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Canadian Spirit probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Canadian Spirit odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Canadian Spirit Resources financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Canadian Spirit Resources has a Probability Of Bankruptcy of 63%. This is 30.65% higher than that of the Oil, Gas & Consumable Fuels sector and 29.44% higher than that of the Energy industry. The probability of bankruptcy for all Canada stocks is 58.17% lower than that of the firm.
Canadian Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Spirit's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Spirit could also be used in its relative valuation, which is a method of valuing Canadian Spirit by comparing valuation metrics of similar companies.Canadian Spirit is currently under evaluation in probability of bankruptcy category among related companies.
Canadian Spirit Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 114.7K | 899.8K | 445.4K | 724.9K | 652.5K | 611.3K | |
| Non Current Liabilities Total | 2.1M | 2.2M | 1.9M | 2.0M | 1.8M | 1.7M | |
| Total Assets | 38.6M | 39.1M | 39.0M | 39.3M | 35.3M | 40.2M | |
| Total Current Assets | 703.1K | 1.4M | 1.4M | 984.5K | 886.1K | 841.8K | |
| Total Cash From Operating Activities | (1.2M) | (795.4K) | (1.2M) | (1.3M) | (1.2M) | (1.3M) |
Canadian Fundamentals
| Return On Equity | -0.0592 | ||||
| Return On Asset | -0.032 | ||||
| Operating Margin | (4.15) % | ||||
| Current Valuation | 23.24 M | ||||
| Shares Outstanding | 278.18 M | ||||
| Shares Owned By Insiders | 63.21 % | ||||
| Number Of Shares Shorted | 32 | ||||
| Price To Earning | (0.55) X | ||||
| Price To Book | 0.61 X | ||||
| Price To Sales | 41.04 X | ||||
| Revenue | 284.01 K | ||||
| Gross Profit | (162.7 K) | ||||
| EBITDA | (1.47 M) | ||||
| Net Income | (1.83 M) | ||||
| Cash And Equivalents | 1.65 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 45.68 K | ||||
| Debt To Equity | 0.10 % | ||||
| Current Ratio | 14.46 X | ||||
| Book Value Per Share | 0.13 X | ||||
| Cash Flow From Operations | (1.33 M) | ||||
| Short Ratio | 0.10 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.15 | ||||
| Beta | 1.76 | ||||
| Market Capitalization | 23.65 M | ||||
| Total Asset | 39.27 M | ||||
| Retained Earnings | (95.94 M) | ||||
| Working Capital | 259.57 K | ||||
| Net Asset | 39.27 M |
About Canadian Spirit Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Spirit Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Spirit using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Spirit Resources 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.
Currently Active Assets on Macroaxis
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Canadian Spirit Resources. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Canadian Stock analysis
When running Canadian Spirit's price analysis, check to measure Canadian Spirit'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 Canadian Spirit is operating at the current time. Most of Canadian Spirit's value examination focuses on studying past and present price action to predict the probability of Canadian Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Spirit's price. Additionally, you may evaluate how the addition of Canadian Spirit to your portfolios can decrease your overall portfolio volatility.
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