CGX Energy Debt To Equity vs. Retained Earnings

OYL Stock  CAD 0.20  0.01  4.76%   
Based on the key profitability measurements obtained from CGX Energy's financial statements, CGX Energy may not be well positioned to generate adequate gross income at this time. It has a very high risk of underperforming in January. Profitability indicators assess CGX Energy's ability to earn profits and add value for shareholders.
 
Debt To Equity  
First Reported
2010-12-31
Previous Quarter
0.29
Current Value
0.3
Quarterly Volatility
0.69145034
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, CGX Energy's Price To Sales Ratio is fairly stable compared to the past year. Days Sales Outstanding is likely to climb to about 17.7 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 54.20 in 2024. At this time, CGX Energy's Accumulated Other Comprehensive Income is fairly stable compared to the past year. Total Other Income Expense Net is likely to climb to 1,639 in 2024, whereas Net Loss is likely to drop (3.4 M) in 2024.
For CGX Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CGX Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CGX Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CGX Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CGX Energy over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between CGX Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CGX Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CGX Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

CGX Energy Retained Earnings vs. Debt To Equity Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining CGX Energy's current stock value. Our valuation model uses many indicators to compare CGX Energy value to that of its competitors to determine the firm's financial worth.
CGX Energy is considered to be number one stock in debt to equity category among its peers. It also is considered to be number one stock in retained earnings category among its peers . At this time, CGX Energy's Debt To Equity is fairly stable compared to the past year. 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 CGX Energy's earnings, one of the primary drivers of an investment's value.

CGX Retained Earnings vs. Debt To Equity

Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.

CGX Energy

D/E

 = 

Total Debt

Total Equity

 = 
76.20 %
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

CGX Energy

Retained Earnings

 = 

Beginning RE + Income

-

Dividends

 = 
(323.76 M)
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.

CGX Retained Earnings Comparison

CGX Energy is currently under evaluation in retained earnings category among its peers.

CGX Energy Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in CGX Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CGX Energy will eventually generate negative long term returns. The profitability progress is the general direction of CGX Energy's change in net profit over the period of time. It can combine multiple indicators of CGX Energy, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income29 M30.5 M
Operating Income-4.8 K-5 K
Net Loss-3.2 M-3.4 M
Income Tax Expense-167.9 K-159.5 K
Income Before Tax-3.2 K-3.4 K
Total Other Income Expense Net1.6 K1.6 K
Net Loss-3.2 M-3.4 M
Net Loss-11.5 M-12.1 M
Net Interest Income-567.3 K-595.7 K
Change To Netincome3.4 MM
Net Loss(0.01)(0.01)
Income Quality 1.15  1.21 
Net Income Per E B T 1.13  1.08 

CGX Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on CGX Energy. 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 CGX Energy 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 CGX Energy's important profitability drivers and their relationship over time.

Use CGX Energy 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 CGX Energy 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 CGX Energy will appreciate offsetting losses from the drop in the long position's value.

CGX Energy Pair Trading

CGX Energy Pair Trading Analysis

The ability to find closely correlated positions to CGX Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CGX Energy 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 CGX Energy - 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 CGX Energy to buy it.
The correlation of CGX Energy 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 CGX Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CGX Energy 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 CGX Energy 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your CGX Energy position

In addition to having CGX Energy 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.

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Additional Tools for CGX Stock Analysis

When running CGX Energy's price analysis, check to measure CGX Energy'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 CGX Energy is operating at the current time. Most of CGX Energy's value examination focuses on studying past and present price action to predict the probability of CGX Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CGX Energy's price. Additionally, you may evaluate how the addition of CGX Energy to your portfolios can decrease your overall portfolio volatility.