Northern Solar Holdings Bhd (XKLS:0340) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)


XKLS:0340 Northern Solar Holdings Bhd XKLS:0340
19 GF Score
Price RM0.68
! 4 Warning Signs
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What is Northern Solar Holdings Bhd Scaled Net Operating Assets?

Northern Solar Holdings Bhd XKLS:0340 +0.75% 19 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates XKLS:0340 with a GF Score™ of 19/100. The stock has 4 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.

Northern Solar Holdings Bhd's operating assets for the quarter that ended in Mar. 2026 was RM78.6 Mil. Northern Solar Holdings Bhd's operating liabilities for the quarter that ended in Mar. 2026 was RM27.7 Mil. Northern Solar Holdings Bhd's Total Assets for the quarter that ended in Dec. 2025 was RM114.7 Mil. Therefore, Northern Solar Holdings Bhd's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


Northern Solar Holdings Bhd Scaled Net Operating Assets Historical Data

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The historical data trend for Northern Solar Holdings Bhd'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.

Northern Solar Holdings Bhd Scaled Net Operating Assets Chart

Northern Solar Holdings Bhd Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
0.28 0.89 0.67 0.79 0.52

Northern Solar Holdings Bhd Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.34 0.30 0.46 0.44

XKLS:0340 vs FSLR, NXT, ENPH: Scaled Net Operating Assets Comparison

For the Solar subindustry, Northern Solar Holdings Bhd'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.


Northern Solar Holdings Bhd Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Northern Solar Holdings Bhd's Scaled Net Operating Assets falls into.


XKLS:0340
19GF Score
Northern Solar Holdings Bhd XKLS:0340
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Solar Holdings Bhd 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.

Northern Solar Holdings Bhd'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 )
=(78.585-27.679)/97.062
=0.52

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=123.885 - 45.3
=78.585

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40.512 - 8.212 - 4.621
=27.679

Northern Solar Holdings Bhd'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 )
=(78.585-27.679)/114.684
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=123.885 - 45.3
=78.585

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40.512 - 8.212 - 4.621
=27.679

* 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 0.44 mean?
Northern Solar Holdings Bhd (XKLS:0340) has a Scaled Net Operating Assets of 0.44 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 Northern Solar Holdings Bhd and its competitors.
Is Northern Solar Holdings Bhd's Scaled Net Operating Assets too high?
Northern Solar Holdings Bhd's current Scaled Net Operating Assets is 0.44. Overall, Northern Solar Holdings Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Scaled Net Operating Assets compare to FSLR and NXT?
Northern Solar Holdings Bhd's Scaled Net Operating Assets of 0.44 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Northern Solar Holdings Bhd and its competitors. Northern Solar Holdings Bhd's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Scaled Net Operating Assets of 0.44. The current Scaled Net Operating Assets is 0.44. Northern Solar Holdings Bhd's overall GF Score™ is 19/100 with 4 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 Northern Solar Holdings Bhd (XKLS:0340), the current Scaled Net Operating Assets is 0.44 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.

Northern Solar Holdings Bhd Business Description

Address No. 3, Jalan SS20/27, Units 8-01 and 8-02, Level 8, Menara Lagenda, Petaling Jaya, SGR, MYS, 47400
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
19GF 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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