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Source Rock Royalties (TSXV:SRR) Net Cash per Share : C$0.02 (As of Dec. 2023)


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What is Source Rock Royalties Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Source Rock Royalties's Net Cash per Share for the quarter that ended in Dec. 2023 was C$0.02.

The historical rank and industry rank for Source Rock Royalties's Net Cash per Share or its related term are showing as below:

TSXV:SRR' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.92   Med: 22.21   Max: 43.5
Current: 43.5

During the past 4 years, the highest Price-to-Net-Cash Ratio of Source Rock Royalties was 43.50. The lowest was 2.92. And the median was 22.21.

TSXV:SRR's Price-to-Net-Cash is ranked worse than
93.39% of 121 companies
in the Oil & Gas industry
Industry Median: 5.05 vs TSXV:SRR: 43.50

Source Rock Royalties Net Cash per Share Historical Data

The historical data trend for Source Rock Royalties's Net Cash per Share 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.

Source Rock Royalties Net Cash per Share Chart

Source Rock Royalties Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Cash per Share
- 0.02 0.26 0.02

Source Rock Royalties Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 0.23 0.17 0.18 0.02

Competitive Comparison of Source Rock Royalties's Net Cash per Share

For the Oil & Gas Midstream subindustry, Source Rock Royalties's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.


Source Rock Royalties's Price-to-Net-Cash Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Source Rock Royalties's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Source Rock Royalties's Price-to-Net-Cash falls into.



Source Rock Royalties Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Source Rock Royalties's Net Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as

Net Cash per Share (A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(1.462-0.401-0)/45.2316
=0.02

Source Rock Royalties's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

Net Cash per Share (Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(1.462-0.401-0)/45.2316
=0.02

* 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.


Source Rock Royalties  (TSXV:SRR) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Source Rock Royalties Net Cash per Share Related Terms

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Source Rock Royalties (TSXV:SRR) Business Description

Traded in Other Exchanges
Address
421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9
Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.
Executives
Bradley Robert Docherty Director, Senior Officer
Shaun Ashton Thiessen Director

Source Rock Royalties (TSXV:SRR) Headlines

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