Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Norandaome Fund's share price for the quarter that ended in Sep. 2022 was C$1.11. Norandaome Fund's Shares Outstanding (EOP) for the quarter that ended in Sep. 2022 was 50 Mil. Therefore, Norandaome Fund's market cap for the quarter that ended in Sep. 2022 was C$55 Mil.
Norandaome Fund's quarterly market cap
declined
from Mar. 2022 (C$74 Mil) to Jun. 2022 (C$62 Mil) and
declined
from Jun. 2022 (C$62 Mil) to Sep. 2022 (C$55 Mil).
Norandaome Fund's annual market cap
declined
from Dec. 2019 (C$124 Mil) to Dec. 2020 (C$56 Mil) but then
increased
from Dec. 2020 (C$56 Mil) to Dec. 2021 (C$67 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Norandaome Fund's Enterprise Value for Today is C$477 Mil.
Norandaome Fund Market Cap Historical Data
The historical data trend for Norandaome Fund's Market Cap 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.
Competitive Comparison of Norandaome Fund's Market Cap
For the Other Industrial Metals & Mining subindustry, Norandaome Fund's Market Cap, along with its competitors' market caps and Market Cap 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.
Norandaome Fund's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Norandaome Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where Norandaome Fund's Market Cap falls into.
Norandaome Fund Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Norandaome Fund's Market Cap for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Norandaome Fund (TSX:NIF.UN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Norandaome Fund Market Cap Related Terms
Thank you for viewing the detailed overview of Norandaome Fund's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.
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