CardioGenics Holdings Inc
OTC:CGNH

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CardioGenics Holdings Inc
OTC:CGNH
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Price: 0.0001 USD Market Closed
Market Cap: 9.6k USD

ROE
Return on Equity

58.8%
Current
265%
Average
-24.6%
Industry

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
58.8%
=
Net Income
-980.8k
/
Equity
-1.8m

ROE Across Competitors

CardioGenics Holdings Inc
Glance View

Market Cap
9.6k USD
Industry
Biotechnology

CardioGenics Holdings, Inc. is a biotechnology company, which engages in the business of development and commercialization of diagnostic test products to the In Vitro Diagnostics testing market. The company is headquartered in Boca Raton, Florida. The company went IPO on 2004-06-09. The firm has developed the QL Care Analyzer, a point-of-care immuno-analyzer, which is capable of running approximately 200+immunoassay diagnostic tests, such as cardiovascular diagnostic tests. As part of its technology, the Company has also developed a method for silver coating paramagnetic microspheres (a fundamental platform component of immunoassay equipment), which improves instrument sensitivity to light.

CGNH Intrinsic Value
Not Available
What is Return on Equity?

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
58.8%
=
Net Income
-980.8k
/
Equity
-1.8m
What is the ROE of CardioGenics Holdings Inc?

Based on CardioGenics Holdings Inc's most recent financial statements, the company has ROE of 58.8%.

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