Spruce Financial Statements From 2010 to 2025
| SRCGF Stock | USD 0.07 0.01 15.12% |
Check Spruce Ridge financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Spruce Ridge's main balance sheet or income statement drivers, such as , as well as many indicators such as . Spruce financial statements analysis is a perfect complement when working with Spruce Ridge Valuation or Volatility modules.
Spruce |
Spruce Ridge Resources OTC Stock Return On Equity Analysis
Spruce Ridge'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 Spruce Ridge Return On Equity | 0.32 |
Most of Spruce Ridge'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, Spruce Ridge Resources 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.
| Competition |
Based on the latest financial disclosure, Spruce Ridge Resources has a Return On Equity of 0.3199. This is 64.85% lower than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The return on equity for all United States stocks is notably lower than that of the firm.
Spruce Ridge Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Spruce Ridge's current stock value. Our valuation model uses many indicators to compare Spruce Ridge value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Spruce Ridge competition to find correlations between indicators driving Spruce Ridge's intrinsic value. More Info.Spruce Ridge Resources is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock 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 Spruce Ridge's earnings, one of the primary drivers of an investment's value.About Spruce Ridge Financial Statements
Spruce Ridge stakeholders use historical fundamental indicators, such as Spruce Ridge's revenue or net income, to determine how well the company is positioned to perform in the future. Although Spruce Ridge investors may analyze each financial statement separately, they are all interrelated. For example, changes in Spruce Ridge's assets and liabilities are reflected in the revenues and expenses on Spruce Ridge'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 Spruce Ridge Resources. Please read more on our technical analysis and fundamental analysis pages.
Spruce Ridge Resources Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties. The company was incorporated in 1989 and is headquartered in Puslinch, Canada. Spruce Ridge is traded on OTC Exchange in the United States.
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Other Information on Investing in Spruce OTC Stock
Spruce Ridge financial ratios help investors to determine whether Spruce OTC Stock 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 Spruce with respect to the benefits of owning Spruce Ridge security.