Ridgestone Financial Statements From 2010 to 2024
| RIGMF Stock | USD 0.06 0.01 22.00% |
Check Ridgestone Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ridgestone Mining's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ridgestone financial statements analysis is a perfect complement when working with Ridgestone Mining Valuation or Volatility modules.
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Ridgestone Mining Company Return On Equity Analysis
Ridgestone Mining's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Ridgestone Mining Return On Equity | -0.29 |
Most of Ridgestone Mining's fundamental indicators, such as Return On Equity, 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, Ridgestone Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Ridgestone Mining has a Return On Equity of -0.2935. This is 132.25% lower than that of the Basic Materials sector and significantly lower than that of the Other Industrial Metals & Mining industry. The return on equity for all United States stocks is 5.32% lower than that of the firm.
Ridgestone Mining Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ridgestone Mining's current stock value. Our valuation model uses many indicators to compare Ridgestone Mining value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ridgestone Mining competition to find correlations between indicators driving Ridgestone Mining's intrinsic value. More Info.Ridgestone Mining is rated below average in return on equity category among its peers. It is rated third in return on asset 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 Ridgestone Mining's earnings, one of the primary drivers of an investment's value.About Ridgestone Mining Financial Statements
Ridgestone Mining stakeholders use historical fundamental indicators, such as Ridgestone Mining's revenue or net income, to determine how well the company is positioned to perform in the future. Although Ridgestone Mining investors may analyze each financial statement separately, they are all interrelated. For example, changes in Ridgestone Mining's assets and liabilities are reflected in the revenues and expenses on Ridgestone Mining's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Ridgestone Mining. Please read more on our technical analysis and fundamental analysis pages.
Ridgestone Mining Inc. acquires, explores for, and develops mineral properties in Mexico. The company was incorporated in 2017 and is based in North Vancouver, Canada. Ridgestone Mining is traded on OTC Exchange in the United States.
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Other Information on Investing in Ridgestone Pink Sheet
Ridgestone Mining financial ratios help investors to determine whether Ridgestone Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ridgestone with respect to the benefits of owning Ridgestone Mining security.