CanAsia Energy (CanAsia Energy) Scaled Net Operating Assets : -0.40 (As of Mar. 2024)

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What is CanAsia Energy 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.

CanAsia Energy's operating assets for the quarter that ended in Mar. 2024 was $1.22 Mil. CanAsia Energy's operating liabilities for the quarter that ended in Mar. 2024 was $4.61 Mil. CanAsia Energy's Total Assets for the quarter that ended in Dec. 2023 was $8.47 Mil. Therefore, CanAsia Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.40.

CanAsia Energy Scaled Net Operating Assets Historical Data

The historical data trend for CanAsia Energy'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.

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CanAsia Energy Scaled Net Operating Assets Chart

CanAsia Energy Annual Data

Trend

Dec22

Dec23

Scaled Net Operating Assets

-0.37

-0.46

CanAsia Energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial			-0.48	-0.53	-0.54	-0.67	-0.40

Competitive Comparison of CanAsia Energy's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, CanAsia Energy'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.

CanAsia Energy's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

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

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

CanAsia Energy 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.

CanAsia Energy's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1.178	-	4.765)	/	7.803
=	-0.46

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	8.469	-	7.291
=	1.178

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4.778	-	0	-	0.013
=	4.765

CanAsia Energy's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(1.216	-	4.605)	/	8.469
=	-0.40

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	8.681	-	7.465
=	1.216

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4.617	-	0	-	0.012
=	4.605

CanAsia Energy Scaled Net Operating Assets Related Terms

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CanAsia Energy (CanAsia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CanAsia Energy Corp (OTCPK:CECAF) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

CEC:Canada

Address

3rd Street SW, Unit 1505, 505, Calgary, AB, CAN, T2P 3E6

Website

https://canasiacorp.com

CanAsia Energy Corp is a Calgary, Alberta-based oil and gas exploration and production company with operations located at Sawn Lake, Alberta.

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