In reviewing some key ratios and quant data for iMining Blockchain and Cryptocurrency Inc. (TSXV:IMIN), we note that the mother of all ratios (Return on Equity) stands at -7.118421 for the firm. Return on Equity a financial ratio that is used to compare the effectiveness of a company reveals what percentage of each investment dollar is returned as a profit which when used in conjunction with variety of other ratios, is an indicator is a very important tool for investors in determining the effectiveness of a company to generate returns for investors.
Image Source: miro.medium.com
As there a lot of companies that are listed in financial stock markets analyzing the financial ratios will not be a easy task and might prove to be difficult and cumbersome for investors. A lot of investor have their own metrics by how they judge the worth of the company but starting with a small or medium size business will be the right path ahead for investors. Multinational companies stock and government organizations are big names and have good financial track records with established credential and client list which becomes a household names as they get certain coverage from media.
Image Source: blog.equinix.com
Further, we can look at some other ratios and financial indicators to get an idea of the company’s valuation. iMining Blockchain and Cryptocurrency Inc. (TSXV:IMIN) presently has a current ratio of 0.96. The current ratio actually is a liquidity ratio that shows the current asset of a company against the current liabilities of the company. The current ratio is calculated just by dividing the current liabilities by current asset. Current asset ratio having a high value means good for the company rather than having a low current asset. One of the most popular ratios is the “Return on Assets” (aka ROA). The ROA score indicates how profitable a company is relative to its total assets. The Return on Assets for iMining Blockchain and Cryptocurrency Inc. (TSXV:IMIN) is -1.337454.
Disclaimer: Darkweblink.com does not promote or endorse claims that have been made by any parties in this article. The information provided here is for the general purpose only and unintended to promote or support purchasing and/or selling of any products and services or serve as a recommendation in the involvement of doing so. Neither Darkweblink.com nor any member is responsible directly or indirectly for any loss or damage caused or alleged to be caused by or in relation with the reliance on or usage of any content, goods or services mentioned in this article.