ALSAF (Alpha Star Acquisition) Scaled Net Operating Assets: -0.77 (As of Mar. 2026)

What is Alpha Star Acquisition Scaled Net Operating Assets?

Alpha Star Acquisition ALSAF -6.47% 31 Scaled Net Operating Assets is -0.77 as of Mar. 2026. GuruFocus rates ALSAF with a GF Score™ of 31/100. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Alpha Star Acquisition's operating assets for the quarter that ended in Mar. 2026 was $0.89 Mil. Alpha Star Acquisition's operating liabilities for the quarter that ended in Mar. 2026 was $1.45 Mil. Alpha Star Acquisition's Total Assets for the quarter that ended in Dec. 2025 was $0.72 Mil. Therefore, Alpha Star Acquisition's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.77.

Alpha Star Acquisition Scaled Net Operating Assets Related Terms

Alpha Star Acquisition Scaled Net Operating Assets Historical Data

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The historical data trend for Alpha Star Acquisition'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.

Alpha Star Acquisition Scaled Net Operating Assets Chart

Alpha Star Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Dec25

Scaled Net Operating Assets

0.98

1.00

0.83

-0.03

-0.07

Alpha Star Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Scaled Net Operating Assets	Get a 7-Day Free Trial															-0.25	-5.49	-3.18	-0.97	-0.77

ALSAF vs APXIF, RDAC, FSHP: Scaled Net Operating Assets Comparison

For the Shell Companies subindustry, Alpha Star Acquisition'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.

Alpha Star Acquisition Scaled Net Operating Assets vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alpha Star Acquisition's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Alpha Star Acquisition's Scaled Net Operating Assets falls into.

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Alpha Star Acquisition Corp ALSAF

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Alpha Star Acquisition 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.

Alpha Star Acquisition's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2025 )
=	(Operating Assets (A: Dec. 2025 )	-	Operating Liabilities (A: Dec. 2025 ))	/	Total Assets (A: Dec. 2024 )
=	(0.724	-	1.541)	/	11.113
=	-0.07

where

	Operating Assets		(A: Dec. 2025 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.724	-	0
=	0.724

	Operating Liabilities		(A: Dec. 2025 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.972	-	0	-	1.431
=	1.541

Alpha Star Acquisition's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2026 )
=	(Operating Assets (Q: Mar. 2026 )	-	Operating Liabilities (Q: Mar. 2026 ))	/	Total Assets (Q: Dec. 2025 )
=	(0.892	-	1.448)	/	0.724
=	-0.77

where

	Operating Assets		(Q: Mar. 2026 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.892	-	0
=	0.892

	Operating Liabilities		(Q: Mar. 2026 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.328	-	0	-	1.88
=	1.448

Frequently Asked Questions Learn more about Scaled Net Operating Assets →

What does a Scaled Net Operating Assets of -0.77 mean?

Alpha Star Acquisition (ALSAF) has a Scaled Net Operating Assets of -0.77 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Alpha Star Acquisition and its competitors.

Is Alpha Star Acquisition's Scaled Net Operating Assets too high?

Alpha Star Acquisition's current Scaled Net Operating Assets is -0.77. Overall, Alpha Star Acquisition has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.

How does Alpha Star Acquisition's Scaled Net Operating Assets compare to APXIF and RDAC?

Alpha Star Acquisition's Scaled Net Operating Assets of -0.77 can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Scaled Net Operating Assets for a Diversified Financial Services company?

A good Scaled Net Operating Assets depends on the Diversified Financial Services industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Scaled Net Operating Assets mean?

A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Alpha Star Acquisition and its competitors. Alpha Star Acquisition's current Scaled Net Operating Assets is -0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Alpha Star Acquisition stock overvalued right now?

Alpha Star Acquisition (ALSAF) has a current Scaled Net Operating Assets of -0.77. The current Scaled Net Operating Assets is -0.77. Alpha Star Acquisition's overall GF Score™ is 31/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Scaled Net Operating Assets calculated?

Scaled Net Operating Assets is calculated from a company's financial statements. For Alpha Star Acquisition (ALSAF), the current Scaled Net Operating Assets is -0.77 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Alpha Star Acquisition Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies APXIF RDAC FSHP EURK IBAC AASP DMYY ALCY ESHA BKHA XXI XKRX:319400 CCCX DMII CEPF BCSS EVAC AEXA KRSP FTW

Address 100 Church Street, 8th Floor, New York, NY, USA, 10007

Alpha Star Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

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