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First Atlantic Nickel (TSXV:FAN) Scaled Net Operating Assets : 0.52 (As of Oct. 2023)


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What is First Atlantic Nickel 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.

First Atlantic Nickel's operating assets for the quarter that ended in Oct. 2023 was C$1.82 Mil. First Atlantic Nickel's operating liabilities for the quarter that ended in Oct. 2023 was C$0.68 Mil. First Atlantic Nickel's Total Assets for the quarter that ended in Jul. 2023 was C$2.18 Mil. Therefore, First Atlantic Nickel's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2023 was 0.52.


First Atlantic Nickel Scaled Net Operating Assets Historical Data

The historical data trend for First Atlantic Nickel'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.

First Atlantic Nickel Scaled Net Operating Assets Chart

First Atlantic Nickel Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.29 -2.44 0.55 0.84 0.02

First Atlantic Nickel Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 0.79 0.02 0.25 0.41 0.53

Competitive Comparison of First Atlantic Nickel's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, First Atlantic Nickel'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.


First Atlantic Nickel's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

* The bar in red indicates where First Atlantic Nickel's Scaled Net Operating Assets falls into.



First Atlantic Nickel 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.

First Atlantic Nickel's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2023 )
=(Operating Assets (A: Jan. 2023 )-Operating Liabilities (A: Jan. 2023 ))/Total Assets (A: Jan. 2022 )
=(0.638-0.591)/2.368
=0.02

where

Operating Assets(A: Jan. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1.451 - 0.813
=0.638

Operating Liabilities(A: Jan. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.626 - 0.012 - 0.023
=0.591

First Atlantic Nickel's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2023 )
=(Operating Assets (Q: Oct. 2023 )-Operating Liabilities (Q: Oct. 2023 ))/Total Assets (Q: Jul. 2023 )
=(1.821-0.675)/2.183
=0.52

where

Operating Assets(Q: Oct. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.653 - 0.832
=1.821

Operating Liabilities(Q: Oct. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.694 - 0 - 0.019
=0.675

* 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.


First Atlantic Nickel Scaled Net Operating Assets Related Terms

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First Atlantic Nickel (TSXV:FAN) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Avante Mining Corp, formerly ArcPacific Resources Corp is a Canadian-based exploration company expanding its exploration initiative on multiple projects which include past-producing gold and silver-gold-copper mines in the Timmins gold camp, in Ontario, and in the Nicola mining division in Southern British Columbia. The company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties. ArcPacific owns a stake in the LMSL Copper Gold & Silver Project in British Columbia, Canada, which is known for its copper and gold deposits. The company also has exploratory properties in Canada, including the Blackdome gold project, which has revealed continuous gold mineralization.
Executives
Adrian Allister Smith Director, Senior Officer

First Atlantic Nickel (TSXV:FAN) Headlines