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Orbit Garant Drilling (TSX:OGD) Scaled Net Operating Assets : 0.77 (As of Mar. 2024)


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What is Orbit Garant Drilling 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.

Orbit Garant Drilling's operating assets for the quarter that ended in Mar. 2024 was C$130.4 Mil. Orbit Garant Drilling's operating liabilities for the quarter that ended in Mar. 2024 was C$33.8 Mil. Orbit Garant Drilling's Total Assets for the quarter that ended in Dec. 2023 was C$126.1 Mil. Therefore, Orbit Garant Drilling's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.77.


Orbit Garant Drilling Scaled Net Operating Assets Historical Data

The historical data trend for Orbit Garant Drilling'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.

Orbit Garant Drilling Scaled Net Operating Assets Chart

Orbit Garant Drilling Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.78 0.78 0.73 0.69

Orbit Garant Drilling 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 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 0.74 0.68 0.77 0.73 0.77

Competitive Comparison of Orbit Garant Drilling's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Orbit Garant Drilling'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.


Orbit Garant Drilling's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Orbit Garant Drilling's Scaled Net Operating Assets falls into.



Orbit Garant Drilling 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.

Orbit Garant Drilling's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2023 )
=(Operating Assets (A: Jun. 2023 )-Operating Liabilities (A: Jun. 2023 ))/Total Assets (A: Jun. 2022 )
=(125.382-30.362)/137.059
=0.69

where

Operating Assets(A: Jun. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=127.563 - 2.181
=125.382

Operating Liabilities(A: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=65.919 - 33.035 - 2.522
=30.362

Orbit Garant Drilling'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 )
=(130.426-33.826)/126.138
=0.77

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=131.239 - 0.813
=130.426

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70.203 - 34.514 - 1.863
=33.826

* 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.


Orbit Garant Drilling Scaled Net Operating Assets Related Terms

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Orbit Garant Drilling (TSX:OGD) Business Description

Traded in Other Exchanges
Address
3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6
Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.
Executives
Alain Laplante Senior Officer

Orbit Garant Drilling (TSX:OGD) Headlines

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