CONX (CNXX) Scaled Net Operating Assets : -8.07 (As of Jun. 2024)

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What is CONX 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.

CONX's operating assets for the quarter that ended in Jun. 2024 was $23.44 Mil. CONX's operating liabilities for the quarter that ended in Jun. 2024 was $205.31 Mil. CONX's Total Assets for the quarter that ended in Mar. 2024 was $22.54 Mil. Therefore, CONX's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was -8.07.

CONX Scaled Net Operating Assets Historical Data

The historical data trend for CONX'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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CONX Scaled Net Operating Assets Chart

CONX Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.90

0.93

0.07

-0.19

CONX Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial											-0.07	-0.17	-0.57	-0.60	-8.07

Competitive Comparison of CONX's Scaled Net Operating Assets

For the Shell Companies subindustry, CONX'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.

CONX's Scaled Net Operating Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, CONX's Scaled Net Operating Assets distribution charts can be found below:

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

CONX 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.

CONX'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 )
=	(21.975	-	37.939)	/	85.664
=	-0.19

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	21.983	-	0.008
=	21.975

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	40.047	-	0	-	2.108
=	37.939

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

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Mar. 2024 )
=	(23.439	-	205.314)	/	22.537
=	-8.07

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	196.212	-	172.773
=	23.439

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	205.314	-	0	-	0
=	205.314

CONX Scaled Net Operating Assets Related Terms

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CONX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CONX Corp (OTCPK:CNXX) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5701 South Santa Fe Drive, Littleton, CO, USA, 80120

Website

CONX Corp is a shell company.

Executives

David K Moskowitz	director	C/O CONX CORP., 5701 S. SANTA FE DR., LITTLETON CO 80120
Adrian Steckel	director	5701 S. SANTA FE DR., LITTLETON CO 80120
Charles W Ergen	director, 10 percent owner, officer: Chairman	9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Gerald Gorman	director	5701 S. SANTA FE DR., LITTLETON CO 80120
Nxgen Opportunities, Llc	10 percent owner	5701 S. SANTA FE DR., LITTLETON CO 80120
Kyle Jason Kiser	director, officer: CEO, President & Director	5701 S. SANTA FE DR., LITTLETON CO 80120