GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGP.PFD) » Definitions » Scaled Net Operating Assets

Corning Natural Gas Holding (Corning Natural Gas Holding) Scaled Net Operating Assets : 0.72 (As of Mar. 2022)


View and export this data going back to 2016. Start your Free Trial

What is Corning Natural Gas Holding 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.

Corning Natural Gas Holding's operating assets for the quarter that ended in Mar. 2022 was $152.58 Mil. Corning Natural Gas Holding's operating liabilities for the quarter that ended in Mar. 2022 was $46.15 Mil. Corning Natural Gas Holding's Total Assets for the quarter that ended in Dec. 2021 was $148.09 Mil. Therefore, Corning Natural Gas Holding's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2022 was 0.72.


Corning Natural Gas Holding Scaled Net Operating Assets Historical Data

The historical data trend for Corning Natural Gas Holding'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.

Corning Natural Gas Holding Scaled Net Operating Assets Chart

Corning Natural Gas Holding Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.79 0.79 0.83 0.77

Corning Natural Gas Holding Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 0.73 0.72 0.74 0.72 0.72

Competitive Comparison of Corning Natural Gas Holding's Scaled Net Operating Assets

For the Utilities - Regulated Gas subindustry, Corning Natural Gas Holding'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.


Corning Natural Gas Holding's Scaled Net Operating Assets Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Corning Natural Gas Holding's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Corning Natural Gas Holding's Scaled Net Operating Assets falls into.



Corning Natural Gas Holding 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.

Corning Natural Gas Holding's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2021 )
=(Operating Assets (A: Sep. 2021 )-Operating Liabilities (A: Sep. 2021 ))/Total Assets (A: Sep. 2020 )
=(143.721-38.221)/136.459
=0.77

where

Operating Assets(A: Sep. 2021 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=144.055 - 0.334
=143.721

Operating Liabilities(A: Sep. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=103.602 - 45.908 - 19.473
=38.221

Corning Natural Gas Holding's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2022 )
=(Operating Assets (Q: Mar. 2022 )-Operating Liabilities (Q: Mar. 2022 ))/Total Assets (Q: Dec. 2021 )
=(152.58-46.146)/148.09
=0.72

where

Operating Assets(Q: Mar. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=152.913 - 0.333
=152.58

Operating Liabilities(Q: Mar. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=110.577 - 42.563 - 21.868
=46.146

* 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.


Corning Natural Gas Holding Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Corning Natural Gas Holding's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description

Traded in Other Exchanges
N/A
Address
330 West William Street, Corning, NY, USA, 14830
Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.
Executives
Williamson John B Iii director PO BOX 13007, ROANOKE VA 24030
Michael I German director, officer: CEO and President C/O ENERGY EAST CORP, PO BOX 3287, ITHACA NY 14852-3287
Robert B Johnston director
Joseph P Mirabito director C/O THE WILBER CORPORATION, 245 MAIN STREET, PO BOX 430, ONEONTA NY 13820
Ted W Gibson director 330 WEST WILLIAM STREET, CORNING NY 14830
George J Welch director 330 WEST WILLIAM ST, CORNING NY 14830
Cook Henry B Jr director 330 WEST WILLIAM ST, CORNING NY 14830
William Mirabito director 188 HIGHLAND TERRACE, WEST ONEONTA NY 13861
Russell S Miller officer: SVP, Chief Information Officer
Matthew J Cook officer: SVP & Chief Operations Officer 330 WEST WILLIAM STREET, CORNING NY 14830
Charles A. Lenns officer: Vice President and CFO 330 WEST WILLIAM STREET, CORNING NY 14830
Stanley G Sleve officer: Vice President Administration
Anita G Zucker 10 percent owner 4838 JENKINS AVE, N CHARLESTON SC 29405
Firouzeh Sarhangi officer: Chief Financial Officer