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Trinidad Drilling (Trinidad Drilling) Scaled Net Operating Assets : 0.69 (As of Sep. 2018)


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What is Trinidad 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.

Trinidad Drilling's operating assets for the quarter that ended in Sep. 2018 was $1,045.1 Mil. Trinidad Drilling's operating liabilities for the quarter that ended in Sep. 2018 was $79.4 Mil. Trinidad Drilling's Total Assets for the quarter that ended in Jun. 2018 was $1,409.5 Mil. Therefore, Trinidad Drilling's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2018 was 0.69.


Trinidad Drilling Scaled Net Operating Assets Historical Data

The historical data trend for Trinidad 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.

Trinidad Drilling Scaled Net Operating Assets Chart

Trinidad Drilling Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.80 0.86 0.84 0.94

Trinidad Drilling Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 1.01 0.90 0.94 0.89 0.69

Competitive Comparison of Trinidad Drilling's Scaled Net Operating Assets

For the Oil & Gas Drilling subindustry, Trinidad 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.


Trinidad Drilling's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Trinidad Drilling's Scaled Net Operating Assets distribution charts can be found below:

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



Trinidad 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.

Trinidad Drilling's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2017 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2017 )
=(Operating Assets (A: Dec. 2017 )-Operating Liabilities (A: Dec. 2017 ))/Total Assets (A: Dec. 2016 )
=(1487.842-93.858)/1485.925
=0.94

where

Operating Assets(A: Dec. 2017 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1490.934 - 3.092
=1487.842

Operating Liabilities(A: Dec. 2017 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=494.574 - 400.716 - 0
=93.858

Trinidad Drilling's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2018 )
=(Operating Assets (Q: Sep. 2018 )-Operating Liabilities (Q: Sep. 2018 ))/Total Assets (Q: Jun. 2018 )
=(1045.108-79.427)/1409.473
=0.69

where

Operating Assets(Q: Sep. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1050.298 - 5.19
=1045.108

Operating Liabilities(Q: Sep. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=460.046 - 380.619 - 0
=79.427

* 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.


Trinidad Drilling Scaled Net Operating Assets Related Terms

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Trinidad Drilling (Trinidad Drilling) Business Description

Traded in Other Exchanges
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Address
Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.

Trinidad Drilling (Trinidad Drilling) Headlines

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