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Comstock Resources (Comstock Resources) Scaled Net Operating Assets : 0.84 (As of Dec. 2023)


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What is Comstock Resources Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Comstock Resources's operating assets for the quarter that ended in Dec. 2023 was $6,237 Mil. Comstock Resources's operating liabilities for the quarter that ended in Dec. 2023 was $1,156 Mil. Comstock Resources's Total Assets for the quarter that ended in Sep. 2023 was $6,031 Mil. Therefore, Comstock Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.84.


Comstock Resources Scaled Net Operating Assets Historical Data

The historical data trend for Comstock Resources's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Comstock Resources Scaled Net Operating Assets Chart

Comstock Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.83 0.85 0.82 0.96 0.89

Comstock Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.81 0.82 0.84 0.84

Competitive Comparison of Comstock Resources's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Comstock Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Comstock Resources's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Comstock Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Comstock Resources's Scaled Net Operating Assets falls into.



Comstock Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Comstock Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(6236.954-1156.235)/5694.255
=0.89

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6253.623 - 16.669
=6236.954

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3870.432 - 2688.133 - 26.064
=1156.235

Comstock Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(6236.954-1156.235)/6031.108
=0.84

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6253.623 - 16.669
=6236.954

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3870.432 - 2688.133 - 26.064
=1156.235

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Comstock Resources Scaled Net Operating Assets Related Terms

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Comstock Resources (Comstock Resources) Business Description

Industry
Traded in Other Exchanges
Address
5300 Town and Country Boulevard, Suite 500, Comstock Tower, Frisco, TX, USA, 75034
Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana, Texas and North Dakota.
Executives
Roland O Burns director, officer: Sr. VP & CFO 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Brian Christopher Claunch officer: VP of Financial Reporting 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Patrick Mcgough officer: Vice President of Operations 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Jim L Turner director DEAN FOODS COMPANY, 2711 N. HASKELL AVE., SUITE 3400, DALLAS TX 75204
Morris E Foster director C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD., IRVING TX 75039-2298
Newell Clifford Doyle Iii officer: VP of Corporate Development 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
M Jay Allison director, officer: Chairman & CEO 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Kanaman Lori Ann Arendt officer: VP of Marketing 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Stuart D Porter director, 10 percent owner 200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Russell W Romoser officer: VP of Reservoir Engineering 5300 TOWN AND COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Ronald Eugene Mills officer: VP of Finance. and IR 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
John David Jacobi director 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
David John Terry officer: Sr. VP of Corporate Dev. 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Covey Park Holdings Llc director, 10 percent owner 8401 N. CENTRAL EXPRESSWAY, SUITE 700, DALLAS TX 75225
Jordan Tatum Marye director 700 LOUISIANA STREET, SUITE 3700, HOUSTON TX 77002