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). Noble Iron's share price for the quarter that ended in Dec. 2023 was C$0.02. Noble Iron's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 27.27 Mil. Therefore, Noble Iron's market cap for the quarter that ended in Dec. 2023 was C$0.55 Mil.
Noble Iron's quarterly market cap
declined
from Jun. 2023 (C$8.45 Mil) to Sep. 2023 (C$0.68 Mil) and
declined
from Sep. 2023 (C$0.68 Mil) to Dec. 2023 (C$0.55 Mil).
Noble Iron's annual market cap
declined
from Dec. 2021 (C$19.36 Mil) to Dec. 2022 (C$5.45 Mil) and
declined
from Dec. 2022 (C$5.45 Mil) to Dec. 2023 (C$0.55 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Noble Iron's Enterprise Value for Today is C$-0.60 Mil.
Noble Iron Market Cap Historical Data
The historical data trend for Noble Iron'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.
For the Software - Application subindustry, Noble Iron'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.
Noble Iron's Market Cap Distribution in the Software Industry
For the Software industry and Technology sector, Noble Iron's Market Cap distribution charts can be found below:
* The bar in red indicates where Noble Iron's Market Cap falls into.
Noble Iron 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.
Noble Iron's Market Cap for the fiscal year that ended in Dec. 2023 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.
Noble Iron (TSXV:NIR.H) 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.
Noble Iron Market Cap Related Terms
Thank you for viewing the detailed overview of Noble Iron's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Noble Iron Inc operates in equipment rental, equipment distribution, and enterprise asset management software for the construction and industrial equipment industry. The firm's software division operates under the name "Texada Software". Texada Software develops software applications to manage the complete equipment ownership lifecycle: from equipment purchasing, rental and sales transactions, inventory management, maintenance, and depreciation tracking through to used equipment sales, disposal, and inventory replenishment. Texada Software offers in the cloud or client-based software and is scalable to meet the needs of any equipment rental company, dealership, construction company, contractor, and any customer who owns or uses construction or industrial equipment.
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