MQMIF (MetalQuest Mining) Scaled Net Operating Assets: 0.37 (As of Jan. 2026)


MQMIF MetalQuest Mining Inc MQMIF
24 GF Score
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What is MetalQuest Mining Scaled Net Operating Assets?

MetalQuest Mining MQMIF -0.26% 24 Scaled Net Operating Assets is 0.37 as of Jan. 2026. GuruFocus rates MQMIF with a GF Score™ of 24/100. 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.

MetalQuest Mining's operating assets for the quarter that ended in Jan. 2026 was $0.61 Mil. MetalQuest Mining's operating liabilities for the quarter that ended in Jan. 2026 was $0.21 Mil. MetalQuest Mining's Total Assets for the quarter that ended in Oct. 2025 was $1.09 Mil. Therefore, MetalQuest Mining's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.37.


MetalQuest Mining Scaled Net Operating Assets Historical Data

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The historical data trend for MetalQuest Mining'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.

MetalQuest Mining Scaled Net Operating Assets Chart

MetalQuest Mining Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 0.01 0.04 -0.08 0.65

MetalQuest Mining Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 -0.09 0.20 0.51 0.33 0.37

MetalQuest Mining Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, MetalQuest Mining'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.


MetalQuest Mining Scaled Net Operating Assets vs Metals & Mining Industry

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

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


MQMIF
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MetalQuest Mining Inc MQMIF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MetalQuest Mining 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.

MetalQuest Mining's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(0.614-0.211)/0.625
=0.64

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3.751 - 3.137
=0.614

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.211 - 0 - 0
=0.211

MetalQuest Mining's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(0.614-0.211)/1.088
=0.37

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3.751 - 3.137
=0.614

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.211 - 0 - 0
=0.211

* 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 0.37 mean?
MetalQuest Mining (MQMIF) has a Scaled Net Operating Assets of 0.37 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on MetalQuest Mining and its competitors.
Is MetalQuest Mining's Scaled Net Operating Assets too high?
MetalQuest Mining's current Scaled Net Operating Assets is 0.37. Overall, MetalQuest Mining has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does MetalQuest Mining's Scaled Net Operating Assets compare to competitors?
MetalQuest Mining's Scaled Net Operating Assets of 0.37 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 MetalQuest Mining and its competitors. MetalQuest Mining's current Scaled Net Operating Assets is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MetalQuest Mining stock overvalued right now?
MetalQuest Mining (MQMIF) has a current Scaled Net Operating Assets of 0.37. The current Scaled Net Operating Assets is 0.37. MetalQuest Mining's overall GF Score™ is 24/100 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 MetalQuest Mining (MQMIF), the current Scaled Net Operating Assets is 0.37 as of Jan. 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.

MetalQuest Mining Business Description

Other Exchanges MQM:Canada
Address 101 - 2148 West 38th Avenue, Vancouver, BC, CAN, V6M 1R9
MetalQuest Mining Inc is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada with the view of developing them to a stage where it can be exploited at a profit or to arrange joint ventures whereby other companies provide funding for development and exploration. The company projects include the Murray Brook Project and the Lac Otelnuk Iron Ore Project.
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