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Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Scaled Net Operating Assets : 1.01 (As of Nov. 2023)


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What is Flaherty & Crumrine Total Return Fund Scaled Net Operating Assets?

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

Flaherty & Crumrine Total Return Fund's operating assets for the quarter that ended in Nov. 2023 was $290.15 Mil. Flaherty & Crumrine Total Return Fund's operating liabilities for the quarter that ended in Nov. 2023 was $0.95 Mil. Flaherty & Crumrine Total Return Fund's Total Assets for the quarter that ended in May. 2023 was $284.95 Mil. Therefore, Flaherty & Crumrine Total Return Fund's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 1.01.

Flaherty & Crumrine Total Return Fund 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.

Flaherty & Crumrine Total Return Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(290.146-0.95399999999999)/299.314
=0.97

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=290.146 - 0
=290.146

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=119.454 - 118.5 - 0
=0.95399999999999

Flaherty & Crumrine Total Return Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2023 )
=(Operating Assets (Q: Nov. 2023 )-Operating Liabilities (Q: Nov. 2023 ))/Total Assets (Q: May. 2023 )
=(290.146-0.95399999999999)/284.947
=1.01

where

Operating Assets(Q: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=290.146 - 0
=290.146

Operating Liabilities(Q: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=119.454 - 118.5 - 0
=0.95399999999999

* 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.

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Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Total Return Fund Inc (NYSE:FLC) » Definitions » Scaled Net Operating Assets
Comparable Companies
CIK OFS IDE EHI GRX EVG MHF BGX GGT MPA BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Website
https://www.preferredincome.com
Flaherty & Crumrine Total Return Fund Inc is a diversified, closed-end investment management company. Its investment objective is to provide its common shareholders with a high current income. The fund's secondary investment objective is capital appreciation.
Executives
Robert F Wulf director 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Karen Hanovice Hogan director 301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Chad Conwell officer: VP & Asst. Compliance Officer 301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Bradford S Stone officer: Vice President, Asst Treasurer 47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert M Ettinger officer: President 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc. 10 percent owner 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc. 10 percent owner 4 WORLD FINANCIAL CTR, NEW YORK NY 10080
Stanley Morgan 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Christopher Douglas Ryan officer: Vice President 310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Laurie C Lodolo officer: Asst CCO, Asst Treas, Asst Sec 301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc other: Investment Adviser 301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Peter C Stimes officer: VP, CFO, Chief Accounting Off. 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Donald F Crumrine director, officer: Chief Executive Officer 301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert E Chadwick officer: VP, Secretary, Asst. Treasurer 301 E COLORADO BLVD STE 720, PASADENA CA 91101