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Avanti Gold (XCNQ:AGC) Scaled Net Operating Assets : -22.27 (As of Jul. 2024)


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What is Avanti Gold 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.

Avanti Gold's operating assets for the quarter that ended in Jul. 2024 was C$0.06 Mil. Avanti Gold's operating liabilities for the quarter that ended in Jul. 2024 was C$6.76 Mil. Avanti Gold's Total Assets for the quarter that ended in Apr. 2024 was C$0.30 Mil. Therefore, Avanti Gold's scaled net operating assets (SNOA) for the quarter that ended in Jul. 2024 was -22.27.


Avanti Gold Scaled Net Operating Assets Historical Data

The historical data trend for Avanti Gold'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.

Avanti Gold Scaled Net Operating Assets Chart

Avanti Gold Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.07 3.46 -1.45 -102.95 -18.34

Avanti Gold Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -16.29 -65.32 -77.15 -75.48 -22.27

Competitive Comparison of Avanti Gold's Scaled Net Operating Assets

For the Gold subindustry, Avanti Gold'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.


Avanti Gold's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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



Avanti Gold 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.

Avanti Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Apr. 2024 )
=(Operating Assets (A: Apr. 2024 )-Operating Liabilities (A: Apr. 2024 ))/Total Assets (A: Apr. 2023 )
=(0.059-6.55)/0.354
=-18.34

where

Operating Assets(A: Apr. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.301 - 0.242
=0.059

Operating Liabilities(A: Apr. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.275 - 0 - 0.725
=6.55

Avanti Gold's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jul. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jul. 2024 )
=(Operating Assets (Q: Jul. 2024 )-Operating Liabilities (Q: Jul. 2024 ))/Total Assets (Q: Apr. 2024 )
=(0.06-6.763)/0.301
=-22.27

where

Operating Assets(Q: Jul. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.062 - 0.002
=0.06

Operating Liabilities(Q: Jul. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.628 - 0 - 0.865
=6.763

* 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.


Avanti Gold Scaled Net Operating Assets Related Terms

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Avanti Gold Business Description

Traded in Other Exchanges
Address
1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9
Avanti Gold Corp is a mineral exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo, located in the Fizi territory of South Kivu province. The Misisi Gold Project contains an inferred mineral resource of 3 million ounces of gold. The Project comprises three contiguous 30-year mining leases, covering 133 square kilometers of prospective exploration ground along the long Kibara Gold Belt.
Executives
The K2 Principal Fund L.p. 10% Security Holder

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