Durango Resources Stock Current Ratio
| DGO Stock | CAD 0.03 0.01 25.00% |
Durango Resources fundamentals help investors to digest information that contributes to Durango Resources' financial success or failures. It also enables traders to predict the movement of Durango Stock. The fundamental analysis module provides a way to measure Durango Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Durango Resources stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 1.53 | 1.45 |
Durango | Current Ratio |
Durango Resources Company Current Ratio Analysis
Durango Resources' 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 Durango Resources Current Ratio | 1.76 X |
Most of Durango Resources' 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, Durango Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Durango Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Durango Resources is extremely important. It helps to project a fair market value of Durango Stock properly, considering its historical fundamentals such as Current Ratio. Since Durango Resources' 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 Durango Resources' 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 Durango Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
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, Durango Resources has a Current Ratio of 1.76 times. This is 54.05% lower than that of the Metals & Mining sector and 55.56% lower than that of the Materials industry. The current ratio for all Canada stocks is 18.52% higher than that of the company.
Durango Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Durango Resources' 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 Durango Resources could also be used in its relative valuation, which is a method of valuing Durango Resources by comparing valuation metrics of similar companies.Durango Resources is currently under evaluation in current ratio category among its peers.
Durango Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Durango Resources from analyzing Durango Resources' financial statements. These drivers represent accounts that assess Durango Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Durango Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 6.5M | 4.7M | 5.8M | 3.6M | 3.2M | 2.0M | |
| Enterprise Value | 6.1M | 4.4M | 5.6M | 3.0M | 2.7M | 1.8M |
Durango Fundamentals
| Return On Equity | -0.23 | |||
| Return On Asset | -0.0819 | |||
| Current Valuation | 2.18 M | |||
| Shares Outstanding | 94.21 M | |||
| Shares Owned By Insiders | 7.12 % | |||
| Number Of Shares Shorted | 230 | |||
| Price To Earning | 3.89 X | |||
| Price To Book | 2.64 X | |||
| EBITDA | (299.11 K) | |||
| Net Income | (288.7 K) | |||
| Cash And Equivalents | 339.05 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 468.89 K | |||
| Debt To Equity | 0.22 % | |||
| Current Ratio | 1.76 X | |||
| Book Value Per Share | 0.01 X | |||
| Cash Flow From Operations | (236.79 K) | |||
| Beta | 1.47 | |||
| Market Capitalization | 2.36 M | |||
| Total Asset | 1.56 M | |||
| Retained Earnings | (10.61 M) | |||
| Working Capital | 153.31 K | |||
| Net Asset | 1.56 M |
About Durango Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Durango Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Durango Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Durango Resources 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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Durango Stock Analysis
When running Durango Resources' price analysis, check to measure Durango Resources' 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 Durango Resources is operating at the current time. Most of Durango Resources' value examination focuses on studying past and present price action to predict the probability of Durango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durango Resources' price. Additionally, you may evaluate how the addition of Durango Resources to your portfolios can decrease your overall portfolio volatility.