AXREF (Amarc Resources) Scaled Net Operating Assets: -0.07 (As of Dec. 2025)


AXREF Amarc Resources Ltd AXREF
32 GF Score
Price $0.67
! 2 Warning Signs
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What is Amarc Resources Scaled Net Operating Assets?

Amarc Resources AXREF -2.28% 32 Scaled Net Operating Assets is -0.07 as of Dec. 2025. GuruFocus rates AXREF with a GF Score™ of 32/100. The stock has 2 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.

Amarc Resources's operating assets for the quarter that ended in Dec. 2025 was $0.46 Mil. Amarc Resources's operating liabilities for the quarter that ended in Dec. 2025 was $0.82 Mil. Amarc Resources's Total Assets for the quarter that ended in Sep. 2025 was $5.46 Mil. Therefore, Amarc Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.07.


Amarc Resources Scaled Net Operating Assets Historical Data

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The historical data trend for Amarc 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.

Amarc Resources Scaled Net Operating Assets Chart

Amarc Resources Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.55 -0.37 -4.68 -1.06 -0.10

Amarc Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -0.12 -0.44 -2.33 -1.07 -0.07

Amarc Resources Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Amarc 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.


Amarc Resources Scaled Net Operating Assets vs Metals & Mining Industry

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

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


AXREF
32GF Score
Amarc Resources Ltd AXREF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Amarc 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.

Amarc Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(0.451-1.181)/7.271
=-0.10

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1.31 - 0.859
=0.451

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.874 - 0.001 - 0.692
=1.181

Amarc Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(0.455-0.818)/5.458
=-0.07

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1.589 - 1.134
=0.455

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.568 - 0.725 - 0.025
=0.818

* 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.

What does a Scaled Net Operating Assets of -0.07 mean?
Amarc Resources (AXREF) has a Scaled Net Operating Assets of -0.07 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Amarc Resources and its competitors.
Is Amarc Resources' Scaled Net Operating Assets too high?
Amarc Resources' current Scaled Net Operating Assets is -0.07. Overall, Amarc Resources has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Amarc Resources' Scaled Net Operating Assets compare to competitors?
Amarc Resources' Scaled Net Operating Assets of -0.07 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Amarc Resources and its competitors. Amarc Resources's current Scaled Net Operating Assets is -0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amarc Resources stock overvalued right now?
Amarc Resources (AXREF) has a current Scaled Net Operating Assets of -0.07. The current Scaled Net Operating Assets is -0.07. Amarc Resources' overall GF Score™ is 32/100 with 2 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 Amarc Resources (AXREF), the current Scaled Net Operating Assets is -0.07 as of Dec. 2025. 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.

Amarc Resources Business Description

Other Exchanges AQ5:GermanyAHR:Canada
Address 1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1
Amarc Resources Ltd is a mineral exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties mainly in British Columbia, Canada, which is also their reportable segment. Its project holdings comprise the IKE Project located in south-central British Columbia, the JOY Project, located in north-central British Columbia, and DUKE Project located in Central British Columbia. It has a single reportable segment which is the acquisition, exploration and development of mineral properties.
32GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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