Clarity Gold Current Ratio vs. Net Income
| CLGCF Stock | USD 0.03 0 10.29% |
For Clarity Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Clarity Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Clarity Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Clarity Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Clarity Gold Corp over time as well as its relative position and ranking within its peers.
Clarity |
Clarity Gold Corp Net Income vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Clarity Gold's current stock value. Our valuation model uses many indicators to compare Clarity Gold value to that of its competitors to determine the firm's financial worth. Clarity Gold Corp is number one stock in current ratio category among its peers. It is rated third in net income category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Clarity Gold's earnings, one of the primary drivers of an investment's value.Clarity Net Income vs. Current Ratio
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.
Clarity Gold |
| = | 4.61 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).
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Clarity Gold |
| = | (6.52 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Clarity Net Income Comparison
Clarity Gold is currently under evaluation in net income category among its peers.
Clarity Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Clarity Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Clarity Gold will eventually generate negative long term returns. The profitability progress is the general direction of Clarity Gold's change in net profit over the period of time. It can combine multiple indicators of Clarity 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.
Clarity Gold Corp. engages in the exploration of mineral properties in Canada. Clarity Gold Corp. was incorporated in 2019 and is headquartered in Vancouver, Canada. CLARITY GOLD is traded on OTC Exchange in the United States.
Clarity Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Clarity 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 Clarity 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 Clarity Gold's important profitability drivers and their relationship over time.
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Other Information on Investing in Clarity Pink Sheet
To fully project Clarity Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Clarity 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 Clarity Gold's income statement, its balance sheet, and the statement of cash flows.