Headwater Gold (FRA:997) Scaled Net Operating Assets: 0.47 (As of Nov. 2025)


FRA:997 Headwater Gold Inc FRA:997
16 GF Score
Price €0.26
! 2 Warning Signs
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What is Headwater Gold Scaled Net Operating Assets?

Headwater Gold FRA:997 -4.38% 16 Scaled Net Operating Assets is 0.47 as of Nov. 2025. GuruFocus rates FRA:997 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.

Headwater Gold's operating assets for the quarter that ended in Nov. 2025 was €5.08 Mil. Headwater Gold's operating liabilities for the quarter that ended in Nov. 2025 was €2.15 Mil. Headwater Gold's Total Assets for the quarter that ended in Aug. 2025 was €6.30 Mil. Therefore, Headwater Gold's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.47.


Headwater Gold Scaled Net Operating Assets Historical Data

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The historical data trend for Headwater Gold'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.

Headwater Gold Scaled Net Operating Assets Chart

Headwater Gold Annual Data
Trend Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Scaled Net Operating Assets
Get a 7-Day Free Trial 4.40 0.42 0.68 0.54 0.37

Headwater Gold Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
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 0.32 0.35 0.37 0.47

FRA:997 vs NEM, AU: Scaled Net Operating Assets Comparison

For the Gold subindustry, Headwater Gold'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.


Headwater Gold Scaled Net Operating Assets vs Metals & Mining Industry

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

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


FRA:997
16GF Score
Headwater Gold Inc FRA:997
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Headwater Gold 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.

Headwater Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2025 )
=(Operating Assets (A: Feb. 2025 )-Operating Liabilities (A: Feb. 2025 ))/Total Assets (A: Feb. 2024 )
=(5.734-3.018)/7.343
=0.37

where

Operating Assets(A: Feb. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7.576 - 1.842
=5.734

Operating Liabilities(A: Feb. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.174 - 0.061 - 0.095
=3.018

Headwater Gold's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: Aug. 2025 )
=(5.081-2.148)/6.297
=0.47

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.466 - 1.385
=5.081

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.355 - 0.105 - 0.102
=2.148

* 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 0.47 mean?
Headwater Gold (FRA:997) has a Scaled Net Operating Assets of 0.47 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Headwater Gold and its competitors.
Is Headwater Gold's Scaled Net Operating Assets too high?
Headwater Gold's current Scaled Net Operating Assets is 0.47. Overall, Headwater Gold has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Headwater Gold's Scaled Net Operating Assets compare to NEM and AU?
Headwater Gold's Scaled Net Operating Assets of 0.47 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 Headwater Gold and its competitors. Headwater Gold's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwater Gold stock overvalued right now?
Headwater Gold (FRA:997) has a current Scaled Net Operating Assets of 0.47. The current Scaled Net Operating Assets is 0.47. Headwater Gold'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 Headwater Gold (FRA:997), the current Scaled Net Operating Assets is 0.47 as of Nov. 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.

Headwater Gold Business Description

Other Exchanges HWAUF:USAHWG:Canada
Address 1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4
Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. It has acquired interests in a portfolio of mineral projects in Idaho and Nevada, and also holds other mineral projects through third-party agreements and property options, and certain projects are subject to NSRs. The company's project portfolio includes the Mahogany, Agate Point, Midas North, and Spring Peak projects.
16GF 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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