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Greenfire Resources (TSX:GFR) Scaled Net Operating Assets : 0.82 (As of Sep. 2024)


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What is Greenfire 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.

Greenfire Resources's operating assets for the quarter that ended in Sep. 2024 was C$1,126.1 Mil. Greenfire Resources's operating liabilities for the quarter that ended in Sep. 2024 was C$102.0 Mil. Greenfire Resources's Total Assets for the quarter that ended in Jun. 2024 was C$1,247.1 Mil. Therefore, Greenfire Resources's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.82.


Greenfire Resources Scaled Net Operating Assets Historical Data

The historical data trend for Greenfire 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.

* Premium members only.

Greenfire Resources Scaled Net Operating Assets Chart

Greenfire Resources Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
- - 0.94 0.83

Greenfire Resources Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.81 0.82 0.78 0.82

Competitive Comparison of Greenfire Resources's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Greenfire 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.


Greenfire Resources's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

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

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



Greenfire 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.

Greenfire Resources'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 )
=(1063.958-88.409)/1174.258
=0.83

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1173.483 - 109.525
=1063.958

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=478.483 - 339.751 - 50.323
=88.409

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

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(1126.05-101.954)/1247.106
=0.82

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1163.759 - 37.709
=1126.05

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=421.375 - 221.964 - 97.457
=101.954

* 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.


Greenfire Resources Scaled Net Operating Assets Related Terms

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Greenfire Resources Business Description

Industry
Traded in Other Exchanges
Address
1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7
Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo. The Company has one reportable operating segment which is made up of its oil sands operations based on geographic location : Athabasca oil sands region of Alberta, Canada, nature of the products sold and integration of facilities and operations.
Executives
Andrew Kim Director
Kevin William Millar Senior Officer
Kanderka Jonathan Senior Officer
Crystal Bernice Park Senior Officer
Anton Kraljic Senior Officer
Jonathan William Klesch Director
Robert Bahr Logan Director, Senior Officer