NSBBF (NorthStar Gaming Holdings) Scaled Net Operating Assets: -0.06 (As of Sep. 2025)


What is NorthStar Gaming Holdings Scaled Net Operating Assets?

NorthStar Gaming Holdings NSBBF Scaled Net Operating Assets is -0.06 as of Sep. 2025. The stock has 4 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.

NorthStar Gaming Holdings's operating assets for the quarter that ended in Sep. 2025 was $9.07 Mil. NorthStar Gaming Holdings's operating liabilities for the quarter that ended in Sep. 2025 was $10.09 Mil. NorthStar Gaming Holdings's Total Assets for the quarter that ended in Jun. 2025 was $16.09 Mil. Therefore, NorthStar Gaming Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was -0.06.

NorthStar Gaming Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings Scaled Net Operating Assets Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23 Dec24
Scaled Net Operating Assets
-0.10 -36.95 -1.27

NorthStar Gaming Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -1.03 -1.32 -0.02 -0.02 -0.06

NSBBF vs FLUT, DKNG, SGHC: Scaled Net Operating Assets Comparison

For the Gambling subindustry, NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, NorthStar Gaming Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


NorthStar Gaming Holdings 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.

NorthStar Gaming Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(5.099-15.266)/7.993
=-1.27

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.567 - 1.468
=5.099

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24.366 - 2.509 - 6.591
=15.266

NorthStar Gaming Holdings'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: Jun. 2025 )
=(9.069-10.087)/16.086
=-0.06

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13.244 - 4.175
=9.069

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40.829 - 29.957 - 0.785
=10.087

* 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 -0.06 mean?
NorthStar Gaming Holdings (NSBBF) has a Scaled Net Operating Assets of -0.06 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 NorthStar Gaming Holdings and its competitors.
Is NorthStar Gaming Holdings' Scaled Net Operating Assets too high?
NorthStar Gaming Holdings' current Scaled Net Operating Assets is -0.06.
How does NorthStar Gaming Holdings' Scaled Net Operating Assets compare to FLUT and DKNG?
NorthStar Gaming Holdings' Scaled Net Operating Assets of -0.06 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 NorthStar Gaming Holdings and its competitors. NorthStar Gaming Holdings's current Scaled Net Operating Assets is -0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorthStar Gaming Holdings stock overvalued right now?
NorthStar Gaming Holdings (NSBBF) has a current Scaled Net Operating Assets of -0.06. The current Scaled Net Operating Assets is -0.06. 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 NorthStar Gaming Holdings (NSBBF), the current Scaled Net Operating Assets is -0.06 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.

NorthStar Gaming Holdings Business Description

Other Exchanges BET:Canada
Address 220 King Street West, Suite 200, Toronto, ON, CAN, M5H 1K4
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. The company earns revenues from two main sources: gaming revenues for its online casino and sports betting operations; and managed services revenues.