Excellon Resources Shares Outstanding vs. Current Ratio
| EXN Stock | CAD 0.1 0.01 5.00% |
For Excellon Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Excellon Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Excellon Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Excellon Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Excellon Resources over time as well as its relative position and ranking within its peers.
Excellon |
Excellon Resources Current Ratio vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Excellon Resources's current stock value. Our valuation model uses many indicators to compare Excellon Resources value to that of its competitors to determine the firm's financial worth. Excellon Resources is rated # 4 in shares outstanding category among its peers. It is rated # 3 in current ratio category among its peers . The ratio of Shares Outstanding to Current Ratio for Excellon Resources is about 79,724,823 . At this time, Excellon Resources' Current Ratio is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Excellon Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Excellon Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Excellon Current Ratio vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Excellon Resources |
| = | 112.41 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Excellon Resources |
| = | 1.41 X |
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).
Excellon Current Ratio Comparison
Excellon Resources is currently under evaluation in current ratio category among its peers.
Excellon Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Excellon Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Excellon Resources will eventually generate negative long term returns. The profitability progress is the general direction of Excellon Resources' change in net profit over the period of time. It can combine multiple indicators of Excellon Resources, 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 | -12.5 M | -11.8 M | |
| Operating Income | -5.6 M | -5.9 M | |
| Income Before Tax | 5.8 M | 6.1 M | |
| Total Other Income Expense Net | 11.4 M | 12 M | |
| Net Income | 6.5 M | 6.9 M | |
| Income Tax Expense | 743 K | 659.3 K | |
| Net Income From Continuing Ops | 6.5 M | 6.9 M | |
| Net Loss | -17 M | -17.8 M | |
| Interest Income | 11 K | 10.4 K | |
| Net Interest Income | -4.7 M | -4.5 M | |
| Change To Netincome | 59.3 M | 62.3 M | |
| Net Income Per Share | 0.15 | 0.16 | |
| Income Quality | (0.24) | (0.23) | |
| Net Income Per E B T | 1.13 | 1.95 |
Excellon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Excellon Resources. 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 Excellon Resources 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 Excellon Resources' important profitability drivers and their relationship over time.
Use Excellon Resources 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 Excellon Resources 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 Excellon Resources will appreciate offsetting losses from the drop in the long position's value.Excellon Resources Pair Trading
Excellon Resources Pair Trading Analysis
The ability to find closely correlated positions to Excellon Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excellon Resources 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 Excellon Resources - 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 Excellon Resources to buy it.
The correlation of Excellon Resources 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 Excellon Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excellon Resources 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 Excellon Resources 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 Excellon Resources position
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Other Information on Investing in Excellon Stock
To fully project Excellon Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Excellon Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Excellon Resources' income statement, its balance sheet, and the statement of cash flows.