Cumberland Resources Nickel (XCNQ:LAND) Scaled Net Operating Assets : -0.26 (As of Mar. 2024)

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What is Cumberland Resources Nickel 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.

Cumberland Resources Nickel's operating assets for the quarter that ended in Mar. 2024 was C$0.00 Mil. Cumberland Resources Nickel's operating liabilities for the quarter that ended in Mar. 2024 was C$0.04 Mil. Cumberland Resources Nickel's Total Assets for the quarter that ended in Dec. 2023 was C$0.15 Mil. Therefore, Cumberland Resources Nickel's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.26.

Cumberland Resources Nickel Scaled Net Operating Assets Historical Data

The historical data trend for Cumberland Resources Nickel'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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Cumberland Resources Nickel Scaled Net Operating Assets Chart

Cumberland Resources Nickel Annual Data

Trend

Sep21

Sep22

Sep23

Scaled Net Operating Assets

-0.67

-6.98

-0.13

Cumberland Resources Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial								-0.09	-0.11	-0.37	-0.22	-0.26

Competitive Comparison of Cumberland Resources Nickel's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Cumberland Resources Nickel'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.

Cumberland Resources Nickel's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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

Cumberland Resources Nickel 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.

Cumberland Resources Nickel's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(0	-	0.081)	/	0.609
=	-0.13

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.198	-	0.198
=	0

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.081	-	0	-	0
=	0.081

Cumberland Resources Nickel's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(0	-	0.038)	/	0.146
=	-0.26

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.12	-	0.12
=	0

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.038	-	0	-	0
=	0.038

Cumberland Resources Nickel Scaled Net Operating Assets Related Terms

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Cumberland Resources Nickel (XCNQ:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cumberland Resources Nickel Corp (XCNQ:LAND) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

Cumberland Resources Nickel Corp is focused on exploring and developing its mineral properties. It holds a 100% interest in the St. Anthony Property located in Newfoundland, Canada.