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Targa Exploration (XCNQ:TEX) Scaled Net Operating Assets : -0.39 (As of Dec. 2024)


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What is Targa Exploration 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.

Targa Exploration's operating assets for the quarter that ended in Dec. 2024 was C$0.12 Mil. Targa Exploration's operating liabilities for the quarter that ended in Dec. 2024 was C$0.50 Mil. Targa Exploration's Total Assets for the quarter that ended in Sep. 2024 was C$0.99 Mil. Therefore, Targa Exploration's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was -0.39.


Targa Exploration Scaled Net Operating Assets Historical Data

The historical data trend for Targa Exploration'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.

Targa Exploration Scaled Net Operating Assets Chart

Targa Exploration Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Scaled Net Operating Assets
- - -0.11 0.01 -1.81

Targa Exploration Quarterly Data
Mar20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.06 -0.41 0.10 -0.23 -0.39

Competitive Comparison of Targa Exploration's Scaled Net Operating Assets

For the Other Industrial Metals & Mining subindustry, Targa Exploration'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.


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

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

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


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Targa Exploration 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.

Targa Exploration's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2024 )
=(Operating Assets (A: Mar. 2024 )-Operating Liabilities (A: Mar. 2024 ))/Total Assets (A: Mar. 2023 )
=(0.201-1.38)/0.653
=-1.81

where

Operating Assets(A: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.422 - 2.221
=0.201

Targa Exploration's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(0.119-0.502)/0.989
=-0.39

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.311 - 0.192
=0.119

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.502 - 0 - 0
=0.502

* 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.


Targa Exploration Scaled Net Operating Assets Related Terms

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Targa Exploration Business Description

Traded in Other Exchanges
Address
595 Burrard Street, Suite 1723, Vancouver, BC, CAN, V7X 1J1
Targa Exploration Corp is engaged in the acquisition, exploration, and development of mineral properties in Canada and currently has an interest in the Shanghai property located in the Mayo Mining District, Yukon Territory. The projects of the company include the Opinaca lithium project, Superior lithium projects, Shanghai gold-silver project, and others.
Executives
Andrew Rockandel Director
Cameron David Tymstra Senior Officer