BKHA (Black Hawk Acquisition) Scaled Net Operating Assets: 0.88 (As of Feb. 2026)


BKHA Black Hawk Acquisition Corp BKHA
16 GF Score
Price $11.91
! 2 Warning Signs
View Full Analysis

What is Black Hawk Acquisition Scaled Net Operating Assets?

Black Hawk Acquisition BKHA 16 Scaled Net Operating Assets is 0.88 as of Feb. 2026. GuruFocus rates BKHA with a GF Score™ of 16/100. 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.

Black Hawk Acquisition's operating assets for the quarter that ended in Feb. 2026 was $24.64 Mil. Black Hawk Acquisition's operating liabilities for the quarter that ended in Feb. 2026 was $3.70 Mil. Black Hawk Acquisition's Total Assets for the quarter that ended in Nov. 2025 was $23.88 Mil. Therefore, Black Hawk Acquisition's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.88.

Black Hawk Acquisition Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Black Hawk 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.

Black Hawk Acquisition Scaled Net Operating Assets Chart

Black Hawk Acquisition Annual Data
Trend Nov23 Nov24 Nov25
Scaled Net Operating Assets
0.50 263.85 0.29

Black Hawk Acquisition Quarterly Data
Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.97 0.28 0.88 0.88

BKHA vs ALCYF, COLA, YHNA: Scaled Net Operating Assets Comparison

For the Shell Companies subindustry, Black Hawk 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.

Black Hawk Acquisition Scaled Net Operating Assets vs Diversified Financial Services Industry

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

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


BKHA
16GF Score
Black Hawk Acquisition Corp BKHA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Black Hawk 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.

Black Hawk Acquisition's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(23.838-3.302)/72.143
=0.28

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23.878 - 0.04
=23.838

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.897 - 0 - 0.595
=3.302

Black Hawk Acquisition's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(24.644-3.704)/23.878
=0.88

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=24.822 - 0.178
=24.644

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.701 - 0 - 0.997
=3.704

* 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 0.88 mean?
Black Hawk Acquisition (BKHA) has a Scaled Net Operating Assets of 0.88 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Black Hawk Acquisition and its competitors.
Is Black Hawk Acquisition's Scaled Net Operating Assets too high?
Black Hawk Acquisition's current Scaled Net Operating Assets is 0.88. Overall, Black Hawk Acquisition has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Black Hawk Acquisition's Scaled Net Operating Assets compare to ALCYF and COLA?
Black Hawk Acquisition's Scaled Net Operating Assets of 0.88 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 Black Hawk Acquisition and its competitors. Black Hawk Acquisition's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hawk Acquisition stock overvalued right now?
Black Hawk Acquisition (BKHA) has a current Scaled Net Operating Assets of 0.88. The current Scaled Net Operating Assets is 0.88. Black Hawk Acquisition's overall GF Score™ is 16/100 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 Black Hawk Acquisition (BKHA), the current Scaled Net Operating Assets is 0.88 as of Feb. 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.

Black Hawk Acquisition Business Description

Address 4125 Blackhawk Plaza Circle, Suite 166, Danville, CA, USA, 94506
Black Hawk Acquisition Corp is a Blank check company.
16GF Score

Get the complete analysis for BKHA

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

$11.91
Price