High Arctic Overseas Holdings (TSXV:HOH) Scaled Net Operating Assets : 0.45 (As of Dec. 2023)

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What is High Arctic Overseas Holdings 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.

High Arctic Overseas Holdings's operating assets for the quarter that ended in Dec. 2023 was C$43.49 Mil. High Arctic Overseas Holdings's operating liabilities for the quarter that ended in Dec. 2023 was C$12.46 Mil. High Arctic Overseas Holdings's Total Assets for the quarter that ended in Dec. 2022 was C$68.70 Mil. Therefore, High Arctic Overseas Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.45.

High Arctic Overseas Holdings Scaled Net Operating Assets Historical Data

The historical data trend for High Arctic Overseas Holdings'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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High Arctic Overseas Holdings Scaled Net Operating Assets Chart

High Arctic Overseas Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.81

0.60

0.45

High Arctic Overseas Holdings Quarterly Data
	Dec21	Dec22	Dec23
Scaled Net Operating Assets	0.81	0.60	0.45

Competitive Comparison of High Arctic Overseas Holdings's Scaled Net Operating Assets

For the Oil & Gas Equipment & Services subindustry, High Arctic Overseas Holdings'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.

High Arctic Overseas Holdings's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

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

* The bar in red indicates where High Arctic Overseas Holdings's Scaled Net Operating Assets falls into.

High Arctic Overseas Holdings 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.

High Arctic Overseas Holdings'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 )
=	(43.49	-	12.462)	/	68.699
=	0.45

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	58.191	-	14.701
=	43.49

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	13.767	-	0.68	-	0.625
=	12.462

High Arctic Overseas Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(43.49	-	12.462)	/	68.699
=	0.45

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	58.191	-	14.701
=	43.49

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	13.767	-	0.68	-	0.625
=	12.462

High Arctic Overseas Holdings Scaled Net Operating Assets Related Terms

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High Arctic Overseas Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

http://www.higharctic.com

High Arctic Overseas Holdings Corp provides drilling and specialized well completion services manpower solutions and supplies rental equipment including rig matting, camps, material handling, and drilling support equipment in Papua New Guinea. The segments of the company are Drilling services, Ancillary services, Production services.

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