Kingfish (NZSE:KFL) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


NZSE:KFL Kingfish Ltd NZSE:KFL
33 GF Score
Price NZ$1.20
! 2 Warning Signs
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What is Kingfish Scaled Net Operating Assets?

Kingfish NZSE:KFL -2.36% 33 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates NZSE:KFL with a GF Score™ of 33/100. The stock has 2 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.

Kingfish's operating assets for the quarter that ended in Mar. 2026 was NZ$425.07 Mil. Kingfish's operating liabilities for the quarter that ended in Mar. 2026 was NZ$0.71 Mil. Kingfish's Total Assets for the quarter that ended in Mar. 2025 was NZ$470.60 Mil. Therefore, Kingfish's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.

NZSE:KFL
33GF Score
Kingfish Ltd NZSE:KFL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kingfish 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.

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

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(425.067-0.713)/470.595
=0.90

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=432.083 - 7.016
=425.067

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.713 - 0 - 0
=0.713

Kingfish'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: Mar. 2025 )
=(425.067-0.713)/470.595
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=432.083 - 7.016
=425.067

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.713 - 0 - 0
=0.713

* 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 0.90 mean?
Kingfish (NZSE:KFL) has a Scaled Net Operating Assets of 0.90 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 Kingfish and its competitors.
Is Kingfish's Scaled Net Operating Assets too high?
Kingfish's current Scaled Net Operating Assets is 0.90. Overall, Kingfish has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Kingfish's Scaled Net Operating Assets compare to BLK and BX?
Kingfish's Scaled Net Operating Assets of 0.90 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Kingfish and its competitors. Kingfish's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingfish stock overvalued right now?
Kingfish (NZSE:KFL) has a current Scaled Net Operating Assets of 0.90. The current Scaled Net Operating Assets is 0.90. Kingfish's overall GF Score™ is 33/100 with 2 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 Kingfish (NZSE:KFL), the current Scaled Net Operating Assets is 0.90 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.

Kingfish Business Description

Address 67 - 73 Hurstmere Road, Level 1, Takapuna, Auckland, NTL, NZL, 0622
Kingfish Ltd is a New Zealand-based listed investment company that invests in growing New Zealand companies. The investment objective of the company is to achieve a high real rate of return, comprising both income and capital growth, within risk parameters acceptable to the directors and to provide a diversified portfolio of New Zealand stocks through a single tax-efficient investment vehicle.
33GF 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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