SAFX (XCF Global) Scaled Net Operating Assets: 0.35 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SAFX XCF Global Inc SAFX
4 GF Score
Price $0.45
! 5 Warning Signs
View Full Analysis

What is XCF Global Scaled Net Operating Assets?

XCF Global SAFX -7.86% 4 Scaled Net Operating Assets is 0.35 as of Mar. 2026. GuruFocus rates SAFX with a GF Score™ of 4/100. 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.

XCF Global's operating assets for the quarter that ended in Mar. 2026 was $401.92 Mil. XCF Global's operating liabilities for the quarter that ended in Mar. 2026 was $255.81 Mil. XCF Global's Total Assets for the quarter that ended in Dec. 2025 was $419.47 Mil. Therefore, XCF Global's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.35.


XCF Global Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for XCF Global'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.

XCF Global Scaled Net Operating Assets Chart

XCF Global Annual Data
Trend Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.45 0.50 0.45

XCF Global Quarterly Data
Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.35 0.39 0.35

SAFX vs NXXT, STEM, AGIG: Scaled Net Operating Assets Comparison

For the Utilities - Renewable subindustry, XCF Global'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.


XCF Global Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, XCF Global's Scaled Net Operating Assets distribution charts can be found below:

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


SAFX
4GF Score
XCF Global Inc SAFX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XCF Global 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.

XCF Global's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(419.318-259.312)/354.628
=0.45

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=419.473 - 0.155
=419.318

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=381.821 - 0 - 122.509
=259.312

XCF Global'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: Dec. 2025 )
=(401.915-255.806)/419.473
=0.35

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=402.963 - 1.048
=401.915

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=377.654 - 0 - 121.848
=255.806

* 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 0.35 mean?
XCF Global (SAFX) has a Scaled Net Operating Assets of 0.35 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 XCF Global and its competitors.
Is XCF Global's Scaled Net Operating Assets too high?
XCF Global's current Scaled Net Operating Assets is 0.35. Overall, XCF Global has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does XCF Global's Scaled Net Operating Assets compare to NXXT and STEM?
XCF Global's Scaled Net Operating Assets of 0.35 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 XCF Global and its competitors. XCF Global's current Scaled Net Operating Assets is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XCF Global stock overvalued right now?
XCF Global (SAFX) has a current Scaled Net Operating Assets of 0.35. The current Scaled Net Operating Assets is 0.35. XCF Global's overall GF Score™ is 4/100 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 XCF Global (SAFX), the current Scaled Net Operating Assets is 0.35 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.

XCF Global Business Description

Address 2500 City West Boulevard, Suite 150-138, Houston, TX, USA, 77042
XCF Global Inc is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. Its flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity. The Company has one reportable segment: renewable fuels. The renewable fuels segment will derive revenues from selling renewable energy products in the future once the Company's plant facilities reach principal operations.
4GF Score

Get the complete analysis for SAFX

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.45
Price