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Letho Resources (TSXV:LET.H) Scaled Net Operating Assets : 0.50 (As of Jun. 2024)


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What is Letho 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.

Letho Resources's operating assets for the quarter that ended in Jun. 2024 was C$0.46 Mil. Letho Resources's operating liabilities for the quarter that ended in Jun. 2024 was C$0.24 Mil. Letho Resources's Total Assets for the quarter that ended in Mar. 2024 was C$0.44 Mil. Therefore, Letho Resources's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.50.


Letho Resources Scaled Net Operating Assets Historical Data

The historical data trend for Letho 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.

Letho Resources Scaled Net Operating Assets Chart

Letho Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 1.14 0.24 0.29 0.30

Letho Resources Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.40 0.50 0.40 0.49 0.50

Competitive Comparison of Letho Resources's Scaled Net Operating Assets

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


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

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

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



Letho 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.

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

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(0.403-0.238)/0.554
=0.30

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.411 - 0.008
=0.403

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.724 - 1.486 - 0
=0.238

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

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Mar. 2024 )
=(0.457-0.238)/0.438
=0.50

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.458 - 0.001
=0.457

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.872 - 0 - 1.634
=0.238

* 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.


Letho Resources Scaled Net Operating Assets Related Terms

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Letho Resources Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 300-1455 Bellevue Avenue, Vancouver, BC, CAN, V7T 1C3
Letho Resources Corp is an oil and gas exploration company that engages in the acquisition, exploration, and development of oil and gas properties. It holds mineral interests in the Porcupine Division at Whitney Ontario. It has one operating segment which is the acquisition and exploration of oil and gas properties.

Letho Resources Headlines

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