Heritage Mining (XCNQ:HML) Scaled Net Operating Assets : 0.60 (As of Jun. 2024)

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What is Heritage Mining 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.

Heritage Mining's operating assets for the quarter that ended in Jun. 2024 was C$0.56 Mil. Heritage Mining's operating liabilities for the quarter that ended in Jun. 2024 was C$0.33 Mil. Heritage Mining's Total Assets for the quarter that ended in Mar. 2024 was C$0.38 Mil. Therefore, Heritage Mining's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.60.

Heritage Mining Scaled Net Operating Assets Historical Data

The historical data trend for Heritage Mining'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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Heritage Mining Scaled Net Operating Assets Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

Scaled Net Operating Assets

-0.01

0.59

0.06

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial								0.33	0.19	0.10	0.16	0.60

Competitive Comparison of Heritage Mining's Scaled Net Operating Assets

For the Other Precious Metals & Mining subindustry, Heritage Mining'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.

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

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

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

Heritage Mining 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.

Heritage Mining'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 )
=	(0.364	-	0.268)	/	1.646
=	0.06

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.536	-	0.172
=	0.364

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.354	-	0.014	-	0.072
=	0.268

Heritage Mining's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Mar. 2024 )
=	(0.561	-	0.333)	/	0.38
=	0.60

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.832	-	0.271
=	0.561

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.37	-	0	-	0.037
=	0.333

Heritage Mining Scaled Net Operating Assets Related Terms

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Heritage Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

Y66:Germany

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining Headlines

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