Canadian Spirit Resources Stock Current Ratio
| SPI Stock | CAD 0.09 0.00 0.00% |
Canadian Spirit Resources fundamentals help investors to digest information that contributes to Canadian Spirit's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Spirit'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 Canadian Spirit stock.
Canadian | Current Ratio |
Canadian Spirit Resources Company Current Ratio Analysis
Canadian Spirit'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 Canadian Spirit Current Ratio | 14.46 X |
Most of Canadian Spirit'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, Canadian Spirit Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, Canadian Spirit Resources has a Current Ratio of 14.46 times. This is much higher than that of the Oil, Gas & Consumable Fuels sector and notably higher than that of the Energy industry. The current ratio for all Canada stocks is notably lower than that of the firm.
Canadian Current Ratio 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 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 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 current ratio category among related companies.
Canadian Fundamentals
| Return On Equity | -0.0592 | ||||
| Return On Asset | -0.032 | ||||
| Operating Margin | (4.15) % | ||||
| Current Valuation | 24.63 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 | 25.04 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Spirit in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Spirit's short interest history, or implied volatility extrapolated from Canadian Spirit options trading.
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |