Comet Lithium (TSXV:CLIC) Scaled Net Operating Assets : 0.72 (As of Dec. 2023)

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What is Comet Lithium 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.

Comet Lithium's operating assets for the quarter that ended in Dec. 2023 was C$5.75 Mil. Comet Lithium's operating liabilities for the quarter that ended in Dec. 2023 was C$1.01 Mil. Comet Lithium's Total Assets for the quarter that ended in Sep. 2023 was C$6.56 Mil. Therefore, Comet Lithium's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.72.

Comet Lithium Scaled Net Operating Assets Historical Data

The historical data trend for Comet Lithium'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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Comet Lithium Scaled Net Operating Assets Chart

Comet Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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1.11

1.45

1.08

0.80

0.83

Comet Lithium 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															0.86	0.89	0.79	0.84	0.72

Competitive Comparison of Comet Lithium's Scaled Net Operating Assets

For the Other Precious Metals & Mining subindustry, Comet Lithium'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.

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

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

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

Comet Lithium 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.

Comet Lithium'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 )
=	(5.749	-	1.01)	/	5.694
=	0.83

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7.48	-	1.731
=	5.749

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.01	-	0	-	0
=	1.01

Comet Lithium'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 )
=	(5.749	-	1.01)	/	6.561
=	0.72

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7.48	-	1.731
=	5.749

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.01	-	0	-	0
=	1.01

Comet Lithium Scaled Net Operating Assets Related Terms

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Comet Lithium (TSXV:CLIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Comet Lithium Corp (TSXV:CLIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

XTRRF:USA 8QY:Germany

Address

147 Avenue Quebec, Rouyn-Noranda, QC, CAN, J9X 6M8

Website

http://www.xterraresources.com

Comet Lithium Corp is an exploration stage company, which is engaged in the business of acquiring, exploring, and developing mining and oil and gas properties. It holds interests in properties at the exploration stage located in Canada. Its projects are Troilus East, Ducran, Veronneau, and Others.

Executives

Vincent Metcalfe

Director, Senior Officer

Comet Lithium (TSXV:CLIC) Headlines

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