FLMCF (First Lithium Minerals) Scaled Net Operating Assets: -0.04 (As of Mar. 2026)


FLMCF First Lithium Minerals Corp FLMCF
25 GF Score
Price $0.08
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What is First Lithium Minerals Scaled Net Operating Assets?

First Lithium Minerals FLMCF 25 Scaled Net Operating Assets is -0.04 as of Mar. 2026. GuruFocus rates FLMCF with a GF Score™ of 25/100. The stock has 1 warning sign investors should review.

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

First Lithium Minerals's operating assets for the quarter that ended in Mar. 2026 was $0.42 Mil. First Lithium Minerals's operating liabilities for the quarter that ended in Mar. 2026 was $0.46 Mil. First Lithium Minerals's Total Assets for the quarter that ended in Dec. 2025 was $1.11 Mil. Therefore, First Lithium Minerals's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.04.

First Lithium Minerals Scaled Net Operating Assets Historical Data

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The historical data trend for First Lithium Minerals'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.

First Lithium Minerals Scaled Net Operating Assets Chart

First Lithium Minerals Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-2.55 2.39 0.17 0.11 0.02

First Lithium Minerals Quarterly Data
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 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 0.14 0.21 0.15 0.03 -0.04

First Lithium Minerals Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Lithium Minerals'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.

First Lithium Minerals Scaled Net Operating Assets vs Metals & Mining Industry

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

* The bar in red indicates where First Lithium Minerals's Scaled Net Operating Assets falls into.


FLMCF
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First Lithium Minerals Corp FLMCF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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First Lithium Minerals 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.

First Lithium Minerals'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 )
=(0.435-0.392)/1.953
=0.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1.11 - 0.675
=0.435

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.392 - 0 - 0
=0.392

First Lithium Minerals'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 )
=(0.417-0.463)/1.11
=-0.04

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.94 - 0.523
=0.417

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.463 - 0 - 0
=0.463

* 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 -0.04 mean?
First Lithium Minerals (FLMCF) has a Scaled Net Operating Assets of -0.04 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 First Lithium Minerals and its competitors.
Is First Lithium Minerals' Scaled Net Operating Assets too high?
First Lithium Minerals' current Scaled Net Operating Assets is -0.04. Overall, First Lithium Minerals has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does First Lithium Minerals' Scaled Net Operating Assets compare to competitors?
First Lithium Minerals' Scaled Net Operating Assets of -0.04 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 First Lithium Minerals and its competitors. First Lithium Minerals's current Scaled Net Operating Assets is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Lithium Minerals stock overvalued right now?
First Lithium Minerals (FLMCF) has a current Scaled Net Operating Assets of -0.04. The current Scaled Net Operating Assets is -0.04. First Lithium Minerals' overall GF Score™ is 25/100 with 1 warning sign 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 First Lithium Minerals (FLMCF), the current Scaled Net Operating Assets is -0.04 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.

First Lithium Minerals Business Description

Other Exchanges X28:GermanyFLM:Canada
Address 40 King Street West, Scotia Plaza, Suite 2400, P.O. Box 215, Toronto, ON, CAN, M5H 3Y2
First Lithium Minerals Corp is a mineral exploration company. The company's projects include the OCA Project in Northern Chile, the LSL Project located in Ontario, the Lucia project in Chile, the Jenna project in Chile, the Senneville project in Quebec, and the Lidstone Project in Ontario.
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