True North Financials
TGX Stock | CAD 0.05 0.02 28.57% |
Short Ratio 0.03 |
True | Select Account or Indicator |
Understanding current and past True North Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of True North's financial statements are interrelated, with each one affecting the others. For example, an increase in True North's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in True North's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of True North Gems. Check True North's Beneish M Score to see the likelihood of True North's management manipulating its earnings.
True North Stock Summary
True North competes with Data Communications, Hemisphere Energy, Brookfield Asset, Totally Hip, and Primaris Retail. True North Gems Inc. engages in the acquisition, exploration, and development of mineral properties. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada. TRUE NORTH operates under Other Precious Metals Mining classification in Canada and is traded on TSX Venture Exchange.Foreign Associate | USA |
Specialization | Basic Materials, Other Precious Metals & Mining |
Instrument | Canada Stock View All |
Exchange | TSX Venture Exchange |
ISIN | CA89784R4026 |
Business Address | 409 Granville Street, |
Sector | Metals & Mining |
Industry | Materials |
Benchmark | Dow Jones Industrial |
Website | www.truenorthgems.com |
Phone | 604 687 8055 |
Currency | CAD - Canadian Dollar |
You should never invest in True North without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of True Stock, because this is throwing your money away. Analyzing the key information contained in True North's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
True North Key Financial Ratios
There are many critical financial ratios that True North's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that True North Gems reports annually and quarterly.Gross Profit | 28.5 K | ||||
EBITDA | (129.15 K) | ||||
Net Income | (276.59 K) | ||||
Total Asset | 88.72 K | ||||
Retained Earnings | (74.02 M) |
True North Key Balance Sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 91.4K | 623.8K | 782.9K | 155.7K | 88.7K | 84.3K | |
Net Tangible Assets | (5.8M) | (4.9M) | (6.0M) | (6.4M) | (5.7M) | (5.5M) | |
Retained Earnings | (70.7M) | (72.3M) | (72.8M) | (73.7M) | (74.0M) | (77.7M) | |
Accounts Payable | 1.1M | 333.6K | 358.6K | 78.2K | 70.4K | 66.9K | |
Cash | 62.4K | 601.5K | 715.1K | 3.3K | 19.9K | 18.9K | |
Net Receivables | 35.0 | 2.1K | 1.8K | 26.3K | 3.8K | 3.6K | |
Total Liab | 4.6M | 6.6M | 6.2M | 6.5M | 6.8M | 5.7M | |
Short Long Term Debt | 2.9M | 3.7M | 3.6M | 5.4M | 6.3M | 6.6M | |
Total Current Assets | 91.4K | 623.8K | 782.9K | 78.3K | 88.7K | 84.3K | |
Common Stock | 48.6M | 49.0M | 49.3M | 50.6M | 58.2M | 52.8M | |
Net Debt | 3.5M | 4.8M | 5.5M | 6.5M | 6.7M | 5.2M | |
Net Invested Capital | (930.8K) | (543.4K) | 744.3K | 77.5K | 55.8K | 58.6K | |
Net Working Capital | (4.5M) | (6.0M) | 744.3K | 36.0 | 55.8K | 58.6K |
True North Key Income Statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Discontinued Operations | (263.9K) | 429.8K | (1.4M) | (76.6K) | (88.0K) | (92.4K) | |
Selling General Administrative | 317.2K | 212.1K | 173.9K | 165.7K | 155.1K | 147.4K | |
Operating Income | (349.8K) | (198.1K) | (152.9K) | (841.8K) | (139.3K) | (146.3K) | |
Net Income From Continuing Ops | (340.2K) | (198.2K) | 172.0K | (887.7K) | (200.0K) | (210.0K) | |
Ebit | (349.8K) | (198.1K) | (152.9K) | (828.9K) | (953.2K) | (1.0M) | |
Total Operating Expenses | 349.8K | 198.1K | 152.9K | 841.8K | 139.3K | 132.3K | |
Income Before Tax | (339.8K) | (197.2K) | 172.0K | (887.7K) | (200.0K) | (210.0K) | |
Total Other Income Expense Net | 9.9K | 991.0 | 324.8K | (5.0) | (6.8K) | (7.1K) | |
Net Income Applicable To Common Shares | (1.3M) | 89.6K | (1.6M) | (964.3K) | (1.1M) | (1.2M) | |
Net Income | 539.1K | (1.6M) | (457.5K) | (964.3K) | (276.6K) | (290.4K) | |
Tax Provision | 405.0 | 1.1K | (1.6K) | 3.2K | 3.7K | 3.9K |
True Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining True North's current stock value. Our valuation model uses many indicators to compare True North value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across True North competition to find correlations between indicators driving True North's intrinsic value. More Info.True North Gems is rated fourth in return on asset category among its peers. It also is rated fourth in current valuation 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 True North's earnings, one of the primary drivers of an investment's value.True North Gems Systematic Risk
True North's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. True North volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on True North Gems correlated with the market. If Beta is less than 0 True North generally moves in the opposite direction as compared to the market. If True North Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one True North Gems is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of True North is generally in the same direction as the market. If Beta > 1 True North moves generally in the same direction as, but more than the movement of the benchmark.
True North Gems Total Assets Over Time
True North November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of True North help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of True North Gems. We use our internally-developed statistical techniques to arrive at the intrinsic value of True North Gems based on widely used predictive technical indicators. In general, we focus on analyzing True Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build True North's daily price indicators and compare them against related drivers.
Information Ratio | 0.0543 | |||
Maximum Drawdown | 128.57 | |||
Value At Risk | (16.67) |
Additional Tools for True Stock Analysis
When running True North's price analysis, check to measure True North'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 True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.