Minas Metals (XCNQ:MINA) Scaled Net Operating Assets : 0.97 (As of Oct. 2023)

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What is Minas Metals 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.

Minas Metals's operating assets for the quarter that ended in Oct. 2023 was C$3.46 Mil. Minas Metals's operating liabilities for the quarter that ended in Oct. 2023 was C$0.28 Mil. Minas Metals's Total Assets for the quarter that ended in Jul. 2023 was C$3.26 Mil. Therefore, Minas Metals's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2023 was 0.97.

Minas Metals Scaled Net Operating Assets Historical Data

The historical data trend for Minas Metals'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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Minas Metals Scaled Net Operating Assets Chart

Minas Metals Annual Data

Trend

Jan22

Jan23

Scaled Net Operating Assets

0.80

0.76

Minas Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Scaled Net Operating Assets	Get a 7-Day Free Trial						0.77	0.91	0.93	1.00	0.97

Competitive Comparison of Minas Metals's Scaled Net Operating Assets

For the Gold subindustry, Minas Metals'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.

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

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

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

Minas Metals 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.

Minas Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jan. 2023 )
=	(Operating Assets (A: Jan. 2023 )	-	Operating Liabilities (A: Jan. 2023 ))	/	Total Assets (A: Jan. 2022 )
=	(2.863	-	0.085)	/	3.678
=	0.76

where

	Operating Assets		(A: Jan. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2.976	-	0.113
=	2.863

	Operating Liabilities		(A: Jan. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.085	-	0	-	0
=	0.085

Minas Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Oct. 2023 )
=	(Operating Assets (Q: Oct. 2023 )	-	Operating Liabilities (Q: Oct. 2023 ))	/	Total Assets (Q: Jul. 2023 )
=	(3.461	-	0.284)	/	3.263
=	0.97

where

	Operating Assets		(Q: Oct. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	3.481	-	0.02
=	3.461

	Operating Liabilities		(Q: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.387	-	0	-	0.103
=	0.284

Minas Metals Scaled Net Operating Assets Related Terms

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Minas Metals (XCNQ:MINA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

1J1:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.minasmetals.ca

Minas Metals Ltd is a Canadian junior mining exploration company exploring its flagship Cracker Creek gold project in northeastern Oregon, USA, and battery metal projects in Minas Gerais state of Brazil, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.

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