P2 Gold Stock Current Ratio
| PGLD Stock | CAD 0.13 0.01 7.14% |
Fundamental analysis of P2 Gold allows traders to better anticipate movements in P2 Gold's stock price by examining its financial health and performance throughout various phases of its business cycle.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.23 | 0.22 |
PGLD | Current Ratio |
P2 Gold Company Current Ratio Analysis
P2 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 P2 Gold Current Ratio | 5.26 X |
Most of P2 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, P2 Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
PGLD Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for P2 Gold is extremely important. It helps to project a fair market value of PGLD Stock properly, considering its historical fundamentals such as Current Ratio. Since P2 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 P2 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 P2 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, P2 Gold has a Current Ratio of 5.26 times. This is 37.34% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current ratio for all Canada stocks is 143.52% lower than that of the firm.
PGLD Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses P2 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 P2 Gold could also be used in its relative valuation, which is a method of valuing P2 Gold by comparing valuation metrics of similar companies.P2 Gold is currently under evaluation in current ratio category among its peers.
P2 Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of P2 Gold from analyzing P2 Gold's financial statements. These drivers represent accounts that assess P2 Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of P2 Gold's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 1.3M | 7.7M | 33.5M | 7.5M | 6.7M | 7.5M | |
| Enterprise Value | 759.5K | 6.1M | 26.0M | 9.3M | 8.4M | 6.1M |
PGLD Fundamentals
| Return On Equity | -6.88 | ||||
| Return On Asset | -0.68 | ||||
| Current Valuation | 20.75 M | ||||
| Shares Outstanding | 152.16 M | ||||
| Shares Owned By Insiders | 22.82 % | ||||
| Shares Owned By Institutions | 16.19 % | ||||
| Number Of Shares Shorted | 9.19 K | ||||
| Price To Book | 25.52 X | ||||
| EBITDA | (1.22 M) | ||||
| Net Income | 4.15 M | ||||
| Cash And Equivalents | 1.2 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 2.36 M | ||||
| Debt To Equity | 0.27 % | ||||
| Current Ratio | 5.26 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (1.64 M) | ||||
| Short Ratio | 0.09 X | ||||
| Target Price | 0.37 | ||||
| Beta | 1.57 | ||||
| Market Capitalization | 19.78 M | ||||
| Total Asset | 685.1 K | ||||
| Retained Earnings | (49.01 M) | ||||
| Working Capital | (2.1 M) | ||||
| Net Asset | 685.1 K |
About P2 Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze P2 Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of P2 Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of P2 Gold 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 PGLD Stock Analysis
When running P2 Gold's price analysis, check to measure P2 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 P2 Gold is operating at the current time. Most of P2 Gold's value examination focuses on studying past and present price action to predict the probability of P2 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 P2 Gold's price. Additionally, you may evaluate how the addition of P2 Gold to your portfolios can decrease your overall portfolio volatility.