Canada Nickel Co (TSXV:CNC) Scaled Net Operating Assets : 0.82 (As of Jan. 2024)

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What is Canada Nickel Co 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.

Canada Nickel Co's operating assets for the quarter that ended in Jan. 2024 was C$175.70 Mil. Canada Nickel Co's operating liabilities for the quarter that ended in Jan. 2024 was C$26.41 Mil. Canada Nickel Co's Total Assets for the quarter that ended in Oct. 2023 was C$183.07 Mil. Therefore, Canada Nickel Co's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.82.

Canada Nickel Co Scaled Net Operating Assets Historical Data

The historical data trend for Canada Nickel Co'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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Canada Nickel Co Scaled Net Operating Assets Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Scaled Net Operating Assets

0.61

1.33

2.16

1.10

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial												0.90	0.98	0.89	0.94	0.82

Competitive Comparison of Canada Nickel Co's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Canada Nickel Co'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.

Canada Nickel Co's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Canada Nickel Co 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.

Canada Nickel Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2023 )
=	(Operating Assets (A: Oct. 2023 )	-	Operating Liabilities (A: Oct. 2023 ))	/	Total Assets (A: Oct. 2022 )
=	(168.634	-	10.149)	/	144.315
=	1.10

where

	Operating Assets		(A: Oct. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	183.068	-	14.434
=	168.634

	Operating Liabilities		(A: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	27.027	-	0.205	-	16.673
=	10.149

Canada Nickel Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(175.697	-	26.413)	/	183.068
=	0.82

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	218.389	-	42.692
=	175.697

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	43.776	-	0.191	-	17.172
=	26.413

Canada Nickel Co Scaled Net Operating Assets Related Terms

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Canada Nickel Co (TSXV:CNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (TSXV:CNC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

CNIKF:USA 4E0:Germany

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.