Horizon Gold (STU:HO0) Scaled Net Operating Assets: 0.84 (As of Dec. 2025)


STU:HO0 Horizon Gold Ltd STU:HO0
38 GF Score
Price €0.62
! 3 Warning Signs
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What is Horizon Gold Scaled Net Operating Assets?

Horizon Gold STU:HO0 +3.36% 38 Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus rates STU:HO0 with a GF Score™ of 38/100. The stock has 3 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.

Horizon Gold's operating assets for the quarter that ended in Dec. 2025 was €30.39 Mil. Horizon Gold's operating liabilities for the quarter that ended in Dec. 2025 was €7.51 Mil. Horizon Gold's Total Assets for the quarter that ended in Jun. 2025 was €27.26 Mil. Therefore, Horizon Gold's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.84.

Horizon Gold Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Horizon Gold'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.

Horizon Gold Scaled Net Operating Assets Chart

Horizon Gold Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.89 0.87 0.64 0.78 0.70

Horizon Gold Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.77 0.70 0.69 0.67 0.84

STU:HO0 vs NEM, AU: Scaled Net Operating Assets Comparison

For the Gold subindustry, Horizon Gold'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.

Horizon Gold Scaled Net Operating Assets vs Metals & Mining Industry

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

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


STU:HO0
38GF Score
Horizon Gold Ltd STU:HO0
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Horizon Gold 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.

Horizon Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(26.978-8.052)/27.206
=0.70

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=27.262 - 0.284
=26.978

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8.334 - 0 - 0.282
=8.052

Horizon Gold's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(30.394-7.513)/27.262
=0.84

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32.898 - 2.504
=30.394

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.513 - 0 - 0
=7.513

* 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 0.84 mean?
Horizon Gold (STU:HO0) has a Scaled Net Operating Assets of 0.84 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Horizon Gold and its competitors.
Is Horizon Gold's Scaled Net Operating Assets too high?
Horizon Gold's current Scaled Net Operating Assets is 0.84. Overall, Horizon Gold has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Gold's Scaled Net Operating Assets compare to NEM and AU?
Horizon Gold's Scaled Net Operating Assets of 0.84 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 Horizon Gold and its competitors. Horizon Gold's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Gold stock overvalued right now?
Horizon Gold (STU:HO0) has a current Scaled Net Operating Assets of 0.84. The current Scaled Net Operating Assets is 0.84. Horizon Gold's overall GF Score™ is 38/100 with 3 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 Horizon Gold (STU:HO0), the current Scaled Net Operating Assets is 0.84 as of Dec. 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.

Horizon Gold Business Description

Other Exchanges HO0:GermanyHRN:Australia
Address 47 Havelock Street, Suite 8, Level 3, West Perth, WA, AUS, 6005
Horizon Gold Ltd is a gold mining company. It is engaged in the acquisition, exploration, and development of gold reserves of the Gum Creek Gold Project situated in the Central Murchison region of Western Australia.
38GF 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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