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Canadian Oil Recovery & Remediation Enterprises (TSXV:CVR.H) Tangible Book per Share : C$-0.02 (As of Sep. 2021)


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What is Canadian Oil Recovery & Remediation Enterprises Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Canadian Oil Recovery & Remediation Enterprises's tangible book value per share for the quarter that ended in Sep. 2021 was C$-0.02.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


Canadian Oil Recovery & Remediation Enterprises Tangible Book per Share Historical Data

The historical data trend for Canadian Oil Recovery & Remediation Enterprises's Tangible Book per Share 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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Canadian Oil Recovery & Remediation Enterprises Tangible Book per Share Chart

Canadian Oil Recovery & Remediation Enterprises Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Tangible Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.02 -0.02 -0.02 -0.02

Canadian Oil Recovery & Remediation Enterprises Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Tangible Book per Share 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 -0.02 -0.02 -0.02 -0.02 -0.02

Competitive Comparison of Canadian Oil Recovery & Remediation Enterprises's Tangible Book per Share

For the Waste Management subindustry, Canadian Oil Recovery & Remediation Enterprises's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.


Canadian Oil Recovery & Remediation Enterprises's Price-to-Tangible-Book Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canadian Oil Recovery & Remediation Enterprises's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Canadian Oil Recovery & Remediation Enterprises's Price-to-Tangible-Book falls into.


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Canadian Oil Recovery & Remediation Enterprises Tangible Book per Share Calculation

Canadian Oil Recovery & Remediation Enterprises's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2020 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(-3.644-0-0)/169.666
=-0.02

Canadian Oil Recovery & Remediation Enterprises's Tangible Book Value Per Share for the quarter that ended in Sep. 2021 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(-3.609-0-0)/169.666
=-0.02

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


Canadian Oil Recovery & Remediation Enterprises  (TSXV:CVR.H) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Canadian Oil Recovery & Remediation Enterprises Tangible Book per Share Related Terms

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Canadian Oil Recovery & Remediation Enterprises Business Description

Traded in Other Exchanges
N/A
Address
141 Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5
Canadian Oil Recovery & Remediation Enterprises Ltd provides full cycle oil waste management solutions to the petroleum industry. The company's primary customers are in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). Its operating lines include remediating oil-contaminated soil; treating sludge, oil-based muds and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. Soil remediation, sludge treatment and oil recovery are provided by CORRE through its Advanced Recovery Equipment Systems (ARES), which consists of two soil washing plants known as ARES I and ARES II.

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