Delta 9 Cannabis (Delta 9 Cannabis) Scaled Net Operating Assets : 0.71 (As of Mar. 2024)

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What is Delta 9 Cannabis 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.

Delta 9 Cannabis's operating assets for the quarter that ended in Mar. 2024 was $50.95 Mil. Delta 9 Cannabis's operating liabilities for the quarter that ended in Mar. 2024 was $11.52 Mil. Delta 9 Cannabis's Total Assets for the quarter that ended in Dec. 2023 was $55.22 Mil. Therefore, Delta 9 Cannabis's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.71.

Delta 9 Cannabis Scaled Net Operating Assets Historical Data

The historical data trend for Delta 9 Cannabis'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.

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Delta 9 Cannabis Scaled Net Operating Assets Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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1.21

0.99

0.80

0.84

0.63

Delta 9 Cannabis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.76	0.78	0.72	0.70	0.71

Competitive Comparison of Delta 9 Cannabis's Scaled Net Operating Assets

For the Drug Manufacturers - Specialty & Generic subindustry, Delta 9 Cannabis'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.

Delta 9 Cannabis's Scaled Net Operating Assets Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Delta 9 Cannabis's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Delta 9 Cannabis's Scaled Net Operating Assets falls into.

Delta 9 Cannabis 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.

Delta 9 Cannabis'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 )
=	(53.619	-	11.861)	/	65.919
=	0.63

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	55.224	-	1.605
=	53.619

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	60.014	-	24.843	-	23.31
=	11.861

Delta 9 Cannabis's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(50.949	-	11.52)	/	55.224
=	0.71

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	51.884	-	0.935
=	50.949

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	59.241	-	18.108	-	29.613
=	11.52

Delta 9 Cannabis Scaled Net Operating Assets Related Terms

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Delta 9 Cannabis (Delta 9 Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

V5D1:Germany DN:Canada

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand.