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Red Metal Resources (XCNQ:RMES) Scaled Net Operating Assets : -0.19 (As of Jul. 2024)


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What is Red Metal Resources 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.

Red Metal Resources's operating assets for the quarter that ended in Jul. 2024 was C$0.82 Mil. Red Metal Resources's operating liabilities for the quarter that ended in Jul. 2024 was C$0.98 Mil. Red Metal Resources's Total Assets for the quarter that ended in Apr. 2024 was C$0.83 Mil. Therefore, Red Metal Resources's scaled net operating assets (SNOA) for the quarter that ended in Jul. 2024 was -0.19.


Red Metal Resources Scaled Net Operating Assets Historical Data

The historical data trend for Red Metal Resources'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.

Red Metal Resources Scaled Net Operating Assets Chart

Red Metal Resources Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.61 0.44 0.14 -0.15

Red Metal Resources 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 0.02 -0.06 -0.17 -0.16 -0.19

Competitive Comparison of Red Metal Resources's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Red Metal Resources'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.


Red Metal Resources's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

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

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



Red Metal Resources 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.

Red Metal Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2024 )
=(Operating Assets (A: Jan. 2024 )-Operating Liabilities (A: Jan. 2024 ))/Total Assets (A: Jan. 2023 )
=(0.815-0.964)/1.012
=-0.15

where

Operating Assets(A: Jan. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.841 - 0.026
=0.815

Operating Liabilities(A: Jan. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.526 - 0 - 2.562
=0.964

Red Metal Resources'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 )
=(0.824-0.982)/0.832
=-0.19

where

Operating Assets(Q: Jul. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.837 - 0.013
=0.824

Operating Liabilities(Q: Jul. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.955 - 1.65 - 0.323
=0.982

* 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.


Red Metal Resources Scaled Net Operating Assets Related Terms

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Red Metal Resources Business Description

Traded in Other Exchanges
Address
1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4
Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property and the Mateo Project located on the Mateo Property.
Executives
Richard Norman Jeffs 10% Security Holder
Caitlin Leigh Jeffs 10% Security Holder, Director
Michael John Thompson Director, Senior Officer

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