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Therma Bright (TSXV:THRM) Scaled Net Operating Assets : 0.45 (As of Oct. 2024)


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What is Therma Bright 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.

Therma Bright's operating assets for the quarter that ended in Oct. 2024 was C$3.15 Mil. Therma Bright's operating liabilities for the quarter that ended in Oct. 2024 was C$1.71 Mil. Therma Bright's Total Assets for the quarter that ended in Jul. 2024 was C$3.19 Mil. Therefore, Therma Bright's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2024 was 0.45.


Therma Bright Scaled Net Operating Assets Historical Data

The historical data trend for Therma Bright'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.

Therma Bright Scaled Net Operating Assets Chart

Therma Bright Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.94 -0.37 -0.10 -0.01 0.63

Therma Bright Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 0.92 0.47 0.39 0.34 0.45

Competitive Comparison of Therma Bright's Scaled Net Operating Assets

For the Medical Devices subindustry, Therma Bright'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.


Therma Bright's Scaled Net Operating Assets Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Therma Bright's Scaled Net Operating Assets distribution charts can be found below:

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



Therma Bright 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.

Therma Bright's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2024 )
=(Operating Assets (A: Jul. 2024 )-Operating Liabilities (A: Jul. 2024 ))/Total Assets (A: Jul. 2023 )
=(3.189-1.801)/2.21
=0.63

where

Operating Assets(A: Jul. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3.19 - 0.001
=3.189

Operating Liabilities(A: Jul. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.866 - 0 - 0.065
=1.801

Therma Bright's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2024 )
=(Operating Assets (Q: Oct. 2024 )-Operating Liabilities (Q: Oct. 2024 ))/Total Assets (Q: Jul. 2024 )
=(3.149-1.712)/3.19
=0.45

where

Operating Assets(Q: Oct. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3.3 - 0.151
=3.149

Operating Liabilities(Q: Oct. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.77 - 0 - 0.058
=1.712

* 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.


Therma Bright Scaled Net Operating Assets Related Terms

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Therma Bright Business Description

Traded in Other Exchanges
Address
345 Danforth Avenue, Toronto, ON, CAN, M4K 1N7
Therma Bright Inc is a developer and partner in a range of proprietary diagnostic and medical device technologies focused on providing consumers and medical professionals with solutions to address important medical and healthcare challenges. The Company is developing, acquiring, manufacturing and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace focused on 3 key strategic areas: respiratory disease, vascular health, and consumer medical devices.
Executives
Joseph Ching-hiang Heng Director
Roberto Fia Director, Senior Officer
David J. Woods 10% Security Holder