Helix Exploration (LSE:HEX) Scaled Net Operating Assets: 0.93 (As of Mar. 2026)


LSE:HEX Helix Exploration PLC LSE:HEX
19 GF Score
Price £0.25
! 1 Warning Sign
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What is Helix Exploration Scaled Net Operating Assets?

Helix Exploration LSE:HEX -0.80% 19 Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus rates LSE:HEX with a GF Score™ of 19/100. 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.

Helix Exploration's operating assets for the quarter that ended in Mar. 2026 was £16.46 Mil. Helix Exploration's operating liabilities for the quarter that ended in Mar. 2026 was £0.88 Mil. Helix Exploration's Total Assets for the quarter that ended in Sep. 2025 was £16.78 Mil. Therefore, Helix Exploration's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.93.

Helix Exploration Scaled Net Operating Assets Historical Data

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The historical data trend for Helix Exploration'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.

Helix Exploration Scaled Net Operating Assets Chart

Helix Exploration Annual Data
Trend Sep24 Sep25
Scaled Net Operating Assets
0.41 1.43

Helix Exploration Semi-Annual Data
Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets -0.31 8.35 1.03 1.02 0.93

Helix Exploration Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Helix Exploration'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.

Helix Exploration Scaled Net Operating Assets vs Metals & Mining Industry

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

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


LSE:HEX
19GF Score
Helix Exploration PLC LSE:HEX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Helix Exploration 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.

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

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(14.043-0.938)/9.15
=1.43

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16.777 - 2.734
=14.043

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.938 - 0 - 0
=0.938

Helix Exploration'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: Sep. 2025 )
=(16.464-0.88)/16.777
=0.93

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18.218 - 1.754
=16.464

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.88 - 0 - 0
=0.88

* 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 0.93 mean?
Helix Exploration (LSE:HEX) has a Scaled Net Operating Assets of 0.93 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 Helix Exploration and its competitors.
Is Helix Exploration's Scaled Net Operating Assets too high?
Helix Exploration's current Scaled Net Operating Assets is 0.93. Overall, Helix Exploration has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Helix Exploration's Scaled Net Operating Assets compare to competitors?
Helix Exploration's Scaled Net Operating Assets of 0.93 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 Helix Exploration and its competitors. Helix Exploration's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helix Exploration stock overvalued right now?
Helix Exploration (LSE:HEX) has a current Scaled Net Operating Assets of 0.93. The current Scaled Net Operating Assets is 0.93. Helix Exploration's overall GF Score™ is 19/100 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 Helix Exploration (LSE:HEX), the current Scaled Net Operating Assets is 0.93 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.

Helix Exploration Business Description

Address 25EP, Eccleston Yards, 25 Eccleston Place, London, GBR, SW1W 9NF
Helix Exploration PLC is engaged in the exploration, commercial development, and monetization of a non-hydrocarbon associated helium rich gas structure focusing on Rudyard Project. The company associates it's operations in Montana, North America.
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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