Fredonia Mining (Fredonia Mining) Scaled Net Operating Assets : -1.33 (As of Dec. 2023)

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What is Fredonia Mining 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.

Fredonia Mining's operating assets for the quarter that ended in Dec. 2023 was $0.16 Mil. Fredonia Mining's operating liabilities for the quarter that ended in Dec. 2023 was $0.72 Mil. Fredonia Mining's Total Assets for the quarter that ended in Sep. 2023 was $0.42 Mil. Therefore, Fredonia Mining's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -1.33.

Fredonia Mining Scaled Net Operating Assets Historical Data

The historical data trend for Fredonia Mining'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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Fredonia Mining Scaled Net Operating Assets Chart

Fredonia Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Scaled Net Operating Assets

0.41

-0.74

-0.09

-0.15

Fredonia Mining Quarterly Data
	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										2.37	0.86	0.90	-0.05	-1.33

Competitive Comparison of Fredonia Mining's Scaled Net Operating Assets

For the Other Precious Metals & Mining subindustry, Fredonia Mining'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.

Fredonia Mining's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fredonia Mining's Scaled Net Operating Assets distribution charts can be found below:

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

Fredonia Mining 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.

Fredonia Mining's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(0.161	-	0.572)	/	2.781
=	-0.15

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.424	-	0.263
=	0.161

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.572	-	0	-	0
=	0.572

Fredonia Mining'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 )
=	(0.158	-	0.723)	/	0.424
=	-1.33

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.263	-	0.105
=	0.158

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.723	-	0	-	0
=	0.723

Fredonia Mining Scaled Net Operating Assets Related Terms

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Fredonia Mining (Fredonia Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fredonia Mining Inc (OTCPK:FREDF) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

FRED:Canada

Address

350 Bay Street, Number 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.fredoniamanagement.com

Fredonia Mining Inc is engaged in the exploration of precious metals in Argentina. Fredonia holds licenses over three areas in the Deseado including the flagship El Dorado Monserrat Project, EDM, as well as El Aguila, and Hornia. Fredonia has undertaken exploration drill programs on EDM and El Aguila with encouraging results. Hornia is an underexplored area but historic drilling indicates the realistic potential for further discoveries. El Aguila is interpreted as a failed caldera with significant gold mineralization encountered in the radial as well as ring structures.

Fredonia Mining (Fredonia Mining) Headlines

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