PRRSF (Prospect Ridge Resources) Scaled Net Operating Assets : 0.77 (As of Aug. 2024)

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What is Prospect Ridge Resources 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.

Prospect Ridge Resources's operating assets for the quarter that ended in Aug. 2024 was $4.38 Mil. Prospect Ridge Resources's operating liabilities for the quarter that ended in Aug. 2024 was $0.70 Mil. Prospect Ridge Resources's Total Assets for the quarter that ended in May. 2024 was $4.78 Mil. Therefore, Prospect Ridge Resources's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2024 was 0.77.

Prospect Ridge Resources Scaled Net Operating Assets Historical Data

The historical data trend for Prospect Ridge Resources'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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Prospect Ridge Resources Scaled Net Operating Assets Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Aug24

Scaled Net Operating Assets

-0.01

0.33

3.42

0.59

0.71

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Scaled Net Operating Assets	Get a 7-Day Free Trial											-	0.78	0.86	0.88	0.77

Competitive Comparison of Prospect Ridge Resources's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Prospect Ridge Resources'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.

Prospect Ridge Resources's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Prospect Ridge Resources's Scaled Net Operating Assets distribution charts can be found below:

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

Prospect Ridge Resources 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.

Prospect Ridge Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Aug. 2024 )
=	(Operating Assets (A: Aug. 2024 )	-	Operating Liabilities (A: Aug. 2024 ))	/	Total Assets (A: Aug. 2023 )
=	(4.377	-	0.696)	/	5.203
=	0.71

where

	Operating Assets		(A: Aug. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7.475	-	3.098
=	4.377

	Operating Liabilities		(A: Aug. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.945	-	0.193	-	0.056
=	0.696

Prospect Ridge Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Aug. 2024 )
=	(Operating Assets (Q: Aug. 2024 )	-	Operating Liabilities (Q: Aug. 2024 ))	/	Total Assets (Q: May. 2024 )
=	(4.377	-	0.696)	/	4.78
=	0.77

where

	Operating Assets		(Q: Aug. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7.475	-	3.098
=	4.377

	Operating Liabilities		(Q: Aug. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.945	-	0.193	-	0.056
=	0.696

Prospect Ridge Resources Scaled Net Operating Assets Related Terms

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Prospect Ridge Resources Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0ED:Germany PRR:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.