Wedgemount Resources (XCNQ:WDGY) Scaled Net Operating Assets : 0.56 (As of Oct. 2024)

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What is Wedgemount 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.

Wedgemount Resources's operating assets for the quarter that ended in Oct. 2024 was C$13.30 Mil. Wedgemount Resources's operating liabilities for the quarter that ended in Oct. 2024 was C$9.12 Mil. Wedgemount Resources's Total Assets for the quarter that ended in Jul. 2024 was C$7.43 Mil. Therefore, Wedgemount Resources's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2024 was 0.56.

Wedgemount Resources Scaled Net Operating Assets Historical Data

The historical data trend for Wedgemount 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.

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Wedgemount Resources Scaled Net Operating Assets Chart

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Scaled Net Operating Assets

0.13

0.15

4.56

0.64

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Scaled Net Operating Assets	Get a 7-Day Free Trial											0.62	0.71	0.57	0.45	0.56

Competitive Comparison of Wedgemount Resources's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Wedgemount 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.

Wedgemount Resources's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Wedgemount Resources's Scaled Net Operating Assets distribution charts can be found below:

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

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Wedgemount 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Jul. 2024 )
=	(Operating Assets (A: Jul. 2024 )	-	Operating Liabilities (A: Jul. 2024 ))	/	Total Assets (A: Jul. 2023 )
=	(7.333	-	4.051)	/	5.162
=	0.64

where

	Operating Assets		(A: Jul. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7.432	-	0.099
=	7.333

	Operating Liabilities		(A: Jul. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5.636	-	0.829	-	0.756
=	4.051

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

	Scaled Net Operating Assets (SNOA)		(Q: Oct. 2024 )
=	(Operating Assets (Q: Oct. 2024 )	-	Operating Liabilities (Q: Oct. 2024 ))	/	Total Assets (Q: Jul. 2024 )
=	(13.301	-	9.118)	/	7.432
=	0.56

where

	Operating Assets		(Q: Oct. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	13.664	-	0.363
=	13.301

	Operating Liabilities		(Q: Oct. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	12.557	-	2.778	-	0.661
=	9.118

Wedgemount Resources Scaled Net Operating Assets Related Terms

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Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (XCNQ:WDGY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

WDGRF:USA

Address

2303 Lawson Avenue, West Vancouver, BC, CAN, V7V 2E5

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development and operation of petroleum and natural gas in the U.S.A. The company's project includes Willowbend, TCS and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.

Executives

Steven Edward Vanry	Senior Officer
Mark Andrew Vanry	10% Security Holder, Director, Senior Officer
Richard Sean Barth	Director

Wedgemount Resources Headlines

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