Adagio 2 Capital (TSXV:ADAD.P) Scaled Net Operating Assets: -0.02 (As of Apr. 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.

TSXV:ADAD.P Adagio 2 Capital Inc TSXV:ADAD.P
15 GF Score
Price C$0.13
View Full Analysis

What is Adagio 2 Capital Scaled Net Operating Assets?

Adagio 2 Capital TSXV:ADAD.P 15 Scaled Net Operating Assets is -0.02 as of Apr. 2026. GuruFocus rates TSXV:ADAD.P with a GF Score™ of 15/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Adagio 2 Capital's operating assets for the quarter that ended in Apr. 2026 was C$0.00 Mil. Adagio 2 Capital's operating liabilities for the quarter that ended in Apr. 2026 was C$0.00 Mil. Adagio 2 Capital's Total Assets for the quarter that ended in Jan. 2026 was C$0.16 Mil. Therefore, Adagio 2 Capital's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was -0.02.


Adagio 2 Capital Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Adagio 2 Capital'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.

Adagio 2 Capital Scaled Net Operating Assets Chart

Adagio 2 Capital Annual Data
Trend Jul24 Jul25
Scaled Net Operating Assets
-0.10 -0.31

Adagio 2 Capital Quarterly Data
Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Scaled Net Operating Assets Get a 7-Day Free Trial -0.17 -0.37 -0.07 -0.11 -0.02

TSXV:ADAD.P vs XXI, CCXI, DMII: Scaled Net Operating Assets Comparison

For the Shell Companies subindustry, Adagio 2 Capital'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.


Adagio 2 Capital Scaled Net Operating Assets vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Adagio 2 Capital's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Adagio 2 Capital's Scaled Net Operating Assets falls into.


TSXV:ADAD.P
15GF Score
Adagio 2 Capital Inc TSXV:ADAD.P
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adagio 2 Capital 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.

Adagio 2 Capital's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(0.003-0.049)/0.15
=-0.31

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.212 - 0.209
=0.003

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.049 - 0 - 0
=0.049

Adagio 2 Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(0.001-0.004)/0.158
=-0.02

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.124 - 0.123
=0.001

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.004 - 0 - 0
=0.004

* 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 -0.02 mean?
Adagio 2 Capital (TSXV:ADAD.P) has a Scaled Net Operating Assets of -0.02 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Adagio 2 Capital and its competitors.
Is Adagio 2 Capital's Scaled Net Operating Assets too high?
Adagio 2 Capital's current Scaled Net Operating Assets is -0.02. Overall, Adagio 2 Capital has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Adagio 2 Capital's Scaled Net Operating Assets compare to XXI and CCXI?
Adagio 2 Capital's Scaled Net Operating Assets of -0.02 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Scaled Net Operating Assets depends on the Diversified Financial Services 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 Adagio 2 Capital and its competitors. Adagio 2 Capital's current Scaled Net Operating Assets is -0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adagio 2 Capital stock overvalued right now?
Adagio 2 Capital (TSXV:ADAD.P) has a current Scaled Net Operating Assets of -0.02. The current Scaled Net Operating Assets is -0.02. Adagio 2 Capital's overall GF Score™ is 15/100. 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 Adagio 2 Capital (TSXV:ADAD.P), the current Scaled Net Operating Assets is -0.02 as of Apr. 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.

Adagio 2 Capital Business Description

Address 890 West Pender Street, Suite 600, Vancouver, BC, CAN, V6C 3B2
Adagio 2 Capital Inc is a a capital pool company.
15GF Score

Get the complete analysis for TSXV:ADAD.P

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

C$0.13
Price