Kelt Exploration (TSX:KEL) Scaled Net Operating Assets : 0.81 (As of Mar. 2024)

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What is Kelt Exploration 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.

Kelt Exploration's operating assets for the quarter that ended in Mar. 2024 was C$1,281.0 Mil. Kelt Exploration's operating liabilities for the quarter that ended in Mar. 2024 was C$262.4 Mil. Kelt Exploration's Total Assets for the quarter that ended in Dec. 2023 was C$1,260.3 Mil. Therefore, Kelt Exploration's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.81.

Kelt Exploration Scaled Net Operating Assets Historical Data

The historical data trend for Kelt Exploration'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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Kelt Exploration Scaled Net Operating Assets Chart

Kelt Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.91

0.36

0.95

1.00

0.88

Kelt Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.78	0.77	0.80	0.81	0.81

Competitive Comparison of Kelt Exploration's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Kelt Exploration'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.

Kelt Exploration's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

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

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

Kelt Exploration 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.

Kelt Exploration'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 )
=	(1245.952	-	255.172)	/	1128.104
=	0.88

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1260.292	-	14.34
=	1245.952

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	256.629	-	0.332	-	1.125
=	255.172

Kelt Exploration'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 )
=	(1281.022	-	262.442)	/	1260.292
=	0.81

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1282.456	-	1.434
=	1281.022

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	263.852	-	0.302	-	1.108
=	262.442

Kelt Exploration Scaled Net Operating Assets Related Terms

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Kelt Exploration (TSX:KEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kelt Exploration Ltd (TSX:KEL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

KELTF:USA

Address

311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2

Website

https://www.keltexploration.com

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

Executives

Douglas Jeffery Errico

Senior Officer

Kelt Exploration (TSX:KEL) Headlines

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