Cuscal (FRA:Y49) Scaled Net Operating Assets: -0.80 (As of Dec. 2025)


FRA:Y49 Cuscal Ltd FRA:Y49
19 GF Score
Price €2.90
! 6 Warning Signs
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What is Cuscal Scaled Net Operating Assets?

Cuscal FRA:Y49 +0.69% 19 Scaled Net Operating Assets is -0.80 as of Dec. 2025. GuruFocus rates FRA:Y49 with a GF Score™ of 19/100. The stock has 6 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.

Cuscal's operating assets for the quarter that ended in Dec. 2025 was €1,174.8 Mil. Cuscal's operating liabilities for the quarter that ended in Dec. 2025 was €2,747.6 Mil. Cuscal's Total Assets for the quarter that ended in Jun. 2025 was €1,955.9 Mil. Therefore, Cuscal's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.80.

Cuscal Scaled Net Operating Assets Historical Data

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The historical data trend for Cuscal'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.

Cuscal Scaled Net Operating Assets Chart

Cuscal Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
0.00 0.00 -0.04 -0.56

Cuscal Semi-Annual Data
Jun22 Jun23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 -0.04 -0.55 -0.55 -0.80

FRA:Y49 vs MSFT, ORCL, PLTR: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Cuscal'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.

Cuscal Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Cuscal's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:Y49
19GF Score
Cuscal Ltd FRA:Y49
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cuscal 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.

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

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(144.105-1349.552)/2148.482
=-0.56

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1955.943 - 1811.838
=144.105

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1743.483 - 277.259 - 116.672
=1349.552

Cuscal'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: Jun. 2025 )
=(1174.774-2747.61)/1955.943
=-0.80

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2969.82 - 1795.046
=1174.774

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2749.596 - 1.986 - 0
=2747.61

* 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 -0.80 mean?
Cuscal (FRA:Y49) has a Scaled Net Operating Assets of -0.80 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 Cuscal and its competitors.
Is Cuscal's Scaled Net Operating Assets too high?
Cuscal's current Scaled Net Operating Assets is -0.80. Overall, Cuscal has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Cuscal's Scaled Net Operating Assets compare to MSFT and ORCL?
Cuscal's Scaled Net Operating Assets of -0.80 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Cuscal and its competitors. Cuscal's current Scaled Net Operating Assets is -0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cuscal stock overvalued right now?
Cuscal (FRA:Y49) has a current Scaled Net Operating Assets of -0.80. The current Scaled Net Operating Assets is -0.80. Cuscal's overall GF Score™ is 19/100 with 6 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 Cuscal (FRA:Y49), the current Scaled Net Operating Assets is -0.80 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.

Cuscal Business Description

Other Exchanges CCL:Australia
Address 201 Sussex Street, Tower 1, Level 11, Darling Park, Sydney, NSW, AUS, 2000
Cuscal Ltd is a payment and regulated data services provider in Australia. The group offers a comprehensive suite of payment infrastructure solutions to a diversified client base. It enables a range of payment types, from physical cards to real-time payments, in the payment value chain and constantly evolves its offerings to meet the demands of a rapidly changing economy. The company has two reportable segments: Payments and Other segments. The payment segment encompasses electronic and paper payment processing, card products, card platform services, digital application development, liquidity management and settlement services, specialized finance facilities, network communication services, fraud management services, real-time payments, and open data services.
19GF 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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