HA Sustainable Infrastructure Capital (FRA:6HA) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


FRA:6HA HA Sustainable Infrastructure Capital Inc FRA:6HA
76 GF Score
Price €33.87
GF Value €19.79
Valuation Significantly Overvalued
! 8 Warning Signs
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What is HA Sustainable Infrastructure Capital Scaled Net Operating Assets?

HA Sustainable Infrastructure Capital FRA:6HA -0.32% 76 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates FRA:6HA with a GF Score™ of 76/100 and a GF Value™ of €19.79 (Significantly Overvalued). The stock has 8 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.

HA Sustainable Infrastructure Capital's operating assets for the quarter that ended in Mar. 2026 was €6,987.4 Mil. HA Sustainable Infrastructure Capital's operating liabilities for the quarter that ended in Mar. 2026 was €243.9 Mil. HA Sustainable Infrastructure Capital's Total Assets for the quarter that ended in Dec. 2025 was €6,992.5 Mil. Therefore, HA Sustainable Infrastructure Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.

FRA:6HA
76GF Score
HA Sustainable Infrastructure Capital Inc FRA:6HA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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HA Sustainable Infrastructure Capital 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.

HA Sustainable Infrastructure Capital'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 )
=(6898.396-325.12)/6761.634
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6992.522 - 94.126
=6898.396

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4722.702 - 4397.582 - 0
=325.12

HA Sustainable Infrastructure Capital'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 )
=(6987.352-243.949)/6992.522
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7095.043 - 107.691
=6987.352

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4902.429 - 4658.48 - 0
=243.949

* 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 0.96 mean?
HA Sustainable Infrastructure Capital (FRA:6HA) has a Scaled Net Operating Assets of 0.96 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 HA Sustainable Infrastructure Capital and its competitors.
Is HA Sustainable Infrastructure Capital's Scaled Net Operating Assets too high?
HA Sustainable Infrastructure Capital's current Scaled Net Operating Assets is 0.96. Overall, HA Sustainable Infrastructure Capital has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HA Sustainable Infrastructure Capital's Scaled Net Operating Assets compare to VCTR and OTF?
HA Sustainable Infrastructure Capital's Scaled Net Operating Assets of 0.96 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 HA Sustainable Infrastructure Capital and its competitors. HA Sustainable Infrastructure Capital's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HA Sustainable Infrastructure Capital stock overvalued right now?
Based on GuruFocus' analysis, HA Sustainable Infrastructure Capital (FRA:6HA) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.79, compared to a current price of €33.87 — trading 71.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.96. HA Sustainable Infrastructure Capital's overall GF Score™ is 76/100 with 8 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 HA Sustainable Infrastructure Capital (FRA:6HA), the current Scaled Net Operating Assets is 0.96 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.

Is HA Sustainable Infrastructure Capital (FRA:6HA) Overvalued in 2026?

Based on GuruFocus' analysis, HA Sustainable Infrastructure Capital stock appears to be overvalued. The current stock price of €33.87 is trading 71.1% above its estimated GF Value™ of €19.79. GuruFocus considers HA Sustainable Infrastructure Capital to be Significantly Overvalued.

Key valuation signals for FRA:6HA:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: €19.79 vs. price of €33.87 (71.1% above fair value)
  • GF Score™: 76/100 with 8 warning signs

No single metric tells the full story. See the FRA:6HA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HA Sustainable Infrastructure Capital Business Description

Other Exchanges HASI:USA0J2Z:UK6HA:Germany
Address One Park Place, Suite 200, Annapolis, MD, USA, 21401
HA Sustainable Infrastructure Capital Inc is an investor in sustainable infrastructure assets advancing the energy transition. Its investment is focused on actively partnering with clients to deploy capital in income-generating real assets that are supported by long-term recurring cash flows. This enabled to the generation of attractive risk-adjusted returns and provided stockholders with diversified exposure to the energy transition. The company's single reportable segment generates net investment and equity method investment income through investments in energy transition assets and infrastructure projects, as well as revenue through the gain on sale of assets and recurring asset management fees.
76GF 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.

€33.87
Price
€19.79
GF Value