Doric Nimrod Air Three (LSE:DNA3) Scaled Net Operating Assets: 0.39 (As of Sep. 2025)

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LSE:DNA3 Doric Nimrod Air Three Ltd LSE:DNA3
24 GF Score
Price £0.64
GF Value £0.62
! 5 Warning Signs
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What is Doric Nimrod Air Three Scaled Net Operating Assets?

Doric Nimrod Air Three LSE:DNA3 -0.78% 24 Scaled Net Operating Assets is 0.39 as of Sep. 2025. GuruFocus rates LSE:DNA3 with a GF Score™ of 24/100 and a GF Value™ of £0.62. The stock has 5 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.

Doric Nimrod Air Three's operating assets for the quarter that ended in Sep. 2025 was £66.58 Mil. Doric Nimrod Air Three's operating liabilities for the quarter that ended in Sep. 2025 was £4.00 Mil. Doric Nimrod Air Three's Total Assets for the quarter that ended in Mar. 2025 was £159.27 Mil. Therefore, Doric Nimrod Air Three's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.39.

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Doric Nimrod Air Three Ltd LSE:DNA3
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Doric Nimrod Air Three 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.

Doric Nimrod Air Three's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(143.768-30.997)/182.023
=0.62

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=159.268 - 15.5
=143.768

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30.997 - 0 - 0
=30.997

Doric Nimrod Air Three's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(66.579-3.997)/159.268
=0.39

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=148.108 - 81.529
=66.579

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.997 - 0 - 0
=3.997

* 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 0.39 mean?
Doric Nimrod Air Three (LSE:DNA3) has a Scaled Net Operating Assets of 0.39 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Doric Nimrod Air Three and its competitors.
Is Doric Nimrod Air Three's Scaled Net Operating Assets too high?
Doric Nimrod Air Three's current Scaled Net Operating Assets is 0.39. Overall, Doric Nimrod Air Three has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Doric Nimrod Air Three's Scaled Net Operating Assets compare to URI and FTAI?
Doric Nimrod Air Three's Scaled Net Operating Assets of 0.39 can be compared against companies in the Business 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business 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 Doric Nimrod Air Three and its competitors. Doric Nimrod Air Three's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doric Nimrod Air Three stock overvalued right now?
Doric Nimrod Air Three (LSE:DNA3) has a current Scaled Net Operating Assets of 0.39. The stock's GF Value™ is £0.62, compared to a current price of £0.64 — trading 3.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.39. Doric Nimrod Air Three's overall GF Score™ is 24/100 with 5 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 Doric Nimrod Air Three (LSE:DNA3), the current Scaled Net Operating Assets is 0.39 as of Sep. 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.

Is Doric Nimrod Air Three (LSE:DNA3) Overvalued in 2026?

Based on GuruFocus' analysis, Doric Nimrod Air Three stock appears to be overvalued. The current stock price of £0.64 is trading 3.2% above its estimated GF Value™ of £0.62.

Key valuation signals for LSE:DNA3:

  • Scaled Net Operating Assets: 0.39
  • GF Value™: £0.62 vs. price of £0.64 (3.2% above fair value)
  • GF Score™: 24/100 with 5 warning signs

No single metric tells the full story. See the LSE:DNA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Doric Nimrod Air Three Business Description

Address Admiral Park, Ground Floor, Dorey Court, Saint Peter Port, GGY, GY1 2HT
Doric Nimrod Air Three Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The company is engaged in a single business segment which is acquiring, leasing, and then selling aircraft. The company has four Airbus A380 aircraft, which it is leasing to Emirates Airline.
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