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Altima Energy (TSXV:ARH) Scaled Net Operating Assets : -0.87 (As of Nov. 2024)


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What is Altima Energy 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.

Altima Energy's operating assets for the quarter that ended in Nov. 2024 was C$8.53 Mil. Altima Energy's operating liabilities for the quarter that ended in Nov. 2024 was C$15.82 Mil. Altima Energy's Total Assets for the quarter that ended in Aug. 2024 was C$8.42 Mil. Therefore, Altima Energy's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2024 was -0.87.


Altima Energy Scaled Net Operating Assets Historical Data

The historical data trend for Altima Energy'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.

Altima Energy Scaled Net Operating Assets Chart

Altima Energy Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Feb22 Feb23 Feb24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.02 -12.68 -1.13 -1.00 -1.45

Altima Energy Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 -1.21 -1.50 -1.25 -1.16 -0.87

Competitive Comparison of Altima Energy's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Altima Energy'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.


Altima Energy's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

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

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


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Altima Energy 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.

Altima Energy's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2024 )
=(Operating Assets (A: Feb. 2024 )-Operating Liabilities (A: Feb. 2024 ))/Total Assets (A: Feb. 2023 )
=(6.207-14.214)/5.538
=-1.45

where

Operating Assets(A: Feb. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.449 - 0.242
=6.207

Operating Liabilities(A: Feb. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16.276 - 0.06 - 2.002
=14.214

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

Scaled Net Operating Assets (SNOA)(Q: Nov. 2024 )
=(Operating Assets (Q: Nov. 2024 )-Operating Liabilities (Q: Nov. 2024 ))/Total Assets (Q: Aug. 2024 )
=(8.532-15.817)/8.419
=-0.87

where

Operating Assets(Q: Nov. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9.384 - 0.852
=8.532

Operating Liabilities(Q: Nov. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19.943 - 0.813 - 3.313
=15.817

* 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.


Altima Energy Scaled Net Operating Assets Related Terms

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Altima Energy Business Description

Industry
Traded in Other Exchanges
Address
595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.
Executives
G & O Energy Investments Ltd. Director
Simco Services Inc. Director
Joe Devries Director

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