Chesapeake Gold Cash And Equivalents vs. Net Income
| CKG Stock | CAD 1.09 0.08 7.92% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Profit Margin | 0.0352 | 0.0371 |
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| Operating Profit Margin | 0.0534 | 0.0562 |
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| Pretax Profit Margin | 0.0534 | 0.0562 |
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For Chesapeake Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Chesapeake Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Chesapeake Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Chesapeake Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Chesapeake Gold Corp over time as well as its relative position and ranking within its peers.
Chesapeake |
Chesapeake Gold Corp Net Income vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Chesapeake Gold's current stock value. Our valuation model uses many indicators to compare Chesapeake Gold value to that of its competitors to determine the firm's financial worth. Chesapeake Gold Corp is number one stock in cash and equivalents category among its peers. It is rated fifth in net income category among its peers . Chesapeake Gold reported Net Loss of (5.67 Million) in 2023. 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 Chesapeake Gold's earnings, one of the primary drivers of an investment's value.Chesapeake Net Income vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Chesapeake Gold |
| = | 36.69 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.
Chesapeake Gold |
| = | (6 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.
Chesapeake Net Income Comparison
Chesapeake Gold is currently under evaluation in net income category among its peers.
Chesapeake Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Chesapeake Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Chesapeake Gold will eventually generate negative long term returns. The profitability progress is the general direction of Chesapeake Gold's change in net profit over the period of time. It can combine multiple indicators of Chesapeake 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 31.8 M | 17.1 M | |
| Operating Income | -4.4 M | -4.2 M | |
| Income Before Tax | -4.3 M | -4.5 M | |
| Total Other Income Expense Net | 174 K | 182.7 K | |
| Net Loss | -6 M | -6.3 M | |
| Income Tax Expense | 1.7 M | 1.8 M | |
| Net Loss | -6 M | -6.3 M | |
| Net Loss | -8.2 M | -8.7 M | |
| Net Interest Income | 798 K | 837.9 K | |
| Interest Income | 800 K | 492.9 K | |
| Change To Netincome | 4 M | 4.2 M | |
| Net Loss | (0.08) | (0.09) | |
| Income Quality | 0.54 | 0.57 | |
| Net Income Per E B T | 1.33 | 0.78 |
Chesapeake Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Chesapeake 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 Chesapeake 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 Chesapeake Gold's important profitability drivers and their relationship over time.
Use Chesapeake Gold in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chesapeake Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chesapeake Gold will appreciate offsetting losses from the drop in the long position's value.Chesapeake Gold Pair Trading
Chesapeake Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Chesapeake Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chesapeake Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chesapeake Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chesapeake Gold Corp to buy it.
The correlation of Chesapeake Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chesapeake Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chesapeake Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chesapeake Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Chesapeake Gold position
In addition to having Chesapeake Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Chesapeake Stock Analysis
When running Chesapeake Gold's price analysis, check to measure Chesapeake Gold'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 Chesapeake Gold is operating at the current time. Most of Chesapeake Gold's value examination focuses on studying past and present price action to predict the probability of Chesapeake Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chesapeake Gold's price. Additionally, you may evaluate how the addition of Chesapeake Gold to your portfolios can decrease your overall portfolio volatility.