TBRDF (Thunderbird Minerals) Scaled Net Operating Assets: 0.35 (As of Mar. 2026)


TBRDF Thunderbird Minerals Corp TBRDF
15 GF Score
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What is Thunderbird Minerals Scaled Net Operating Assets?

Thunderbird Minerals TBRDF 15 Scaled Net Operating Assets is 0.35 as of Mar. 2026. GuruFocus rates TBRDF with a GF Score™ of 15/100. 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.

Thunderbird Minerals's operating assets for the quarter that ended in Mar. 2026 was $0.18 Mil. Thunderbird Minerals's operating liabilities for the quarter that ended in Mar. 2026 was $0.09 Mil. Thunderbird Minerals's Total Assets for the quarter that ended in Dec. 2025 was $0.27 Mil. Therefore, Thunderbird Minerals's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.35.

Thunderbird Minerals Scaled Net Operating Assets Historical Data

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The historical data trend for Thunderbird Minerals'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.

Thunderbird Minerals Scaled Net Operating Assets Chart

Thunderbird Minerals Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.00 0.00 0.10 0.50

Thunderbird Minerals Quarterly Data
Dec22 Mar23 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 Premium Member Only Premium Member Only 0.52 0.41 0.14 0.52 0.35

TBRDF vs HL: Scaled Net Operating Assets Comparison

For the Other Precious Metals & Mining subindustry, Thunderbird Minerals'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.

Thunderbird Minerals Scaled Net Operating Assets vs Metals & Mining Industry

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

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


TBRDF
15GF Score
Thunderbird Minerals Corp TBRDF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thunderbird Minerals 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.

Thunderbird Minerals'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 )
=(0.159-0.065)/0.19
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.267 - 0.108
=0.159

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.065 - 0 - 0
=0.065

Thunderbird Minerals'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 )
=(0.18-0.086)/0.267
=0.35

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.246 - 0.066
=0.18

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.086 - 0 - 0
=0.086

* 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?
Thunderbird Minerals (TBRDF) 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 Thunderbird Minerals and its competitors.
Is Thunderbird Minerals' Scaled Net Operating Assets too high?
Thunderbird Minerals' current Scaled Net Operating Assets is 0.35. Overall, Thunderbird Minerals has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Thunderbird Minerals' Scaled Net Operating Assets compare to HL?
Thunderbird Minerals' Scaled Net Operating Assets of 0.35 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 Thunderbird Minerals and its competitors. Thunderbird Minerals'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 Thunderbird Minerals stock overvalued right now?
Thunderbird Minerals (TBRDF) has a current Scaled Net Operating Assets of 0.35. The current Scaled Net Operating Assets is 0.35. Thunderbird Minerals' overall GF Score™ is 15/100 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 Thunderbird Minerals (TBRDF), 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.

Thunderbird Minerals Business Description

Other Exchanges BIRD:Canada
Address 650 W Georgia Street, No. 2110, Vancouver, BC, CAN, V6B 4N9
Thunderbird Minerals Corp focuses on acquiring and developing exploration and evaluation assets. The firm holds legal rights to explore the Bull's Eye Property is located in the Yukon Territory in Canada. In addition, its project portfolio includes the Argo Copper Gold property located in British Columbia, and the Apache property is located in California, United States of America.
15GF 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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