Western Asset Variable Rate Strategic Fd (Western Asset Variable Rate Strategic Fd) Scaled Net Operating Assets : 0.82 (As of Sep. 2020)

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What is Western Asset Variable Rate Strategic Fd 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.

Western Asset Variable Rate Strategic Fd's operating assets for the quarter that ended in Sep. 2020 was $77.54 Mil. Western Asset Variable Rate Strategic Fd's operating liabilities for the quarter that ended in Sep. 2020 was $0.59 Mil. Western Asset Variable Rate Strategic Fd's Total Assets for the quarter that ended in Mar. 2020 was $93.74 Mil. Therefore, Western Asset Variable Rate Strategic Fd's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2020 was 0.82.

Western Asset Variable Rate Strategic Fd 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.

Western Asset Variable Rate Strategic Fd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2020 )
=	(Operating Assets (A: Sep. 2020 )	-	Operating Liabilities (A: Sep. 2020 ))	/	Total Assets (A: Sep. 2019 )
=	(77.541	-	0.593)	/	106.395
=	0.72

where

	Operating Assets		(A: Sep. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	77.543	-	0.002
=	77.541

	Operating Liabilities		(A: Sep. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.593	-	0	-	0
=	0.593

Western Asset Variable Rate Strategic Fd's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2020 )
=	(Operating Assets (Q: Sep. 2020 )	-	Operating Liabilities (Q: Sep. 2020 ))	/	Total Assets (Q: Mar. 2020 )
=	(77.541	-	0.593)	/	93.738
=	0.82

where

	Operating Assets		(Q: Sep. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	77.543	-	0.002
=	77.541

	Operating Liabilities		(Q: Sep. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.593	-	0	-	0
=	0.593

* 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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Western Asset Variable Rate Strategic Fd (Western Asset Variable Rate Strategic Fd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Variable Rate Strategic Fd Inc. (NYSE:GFY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018

Website

https://www.leggmason.com

Western Asset Variable Rate Strategic Fd Inc. is a non-diversified, closed-end management investment company. Its investment objective is to maintain a high level of current income by investing in variable rate instruments of U.S. and non-U.S. issuers. The fund invests in various sectors such as energy, materials and healthcare and others.

Executives

Brian Eakes	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Relative Value Partners Group, Llc	other: QUALIFIED INSTITUTION MANAGER	1033 SKOKIE BLVD., SUITE 470, NORTHBROOK IL 60062
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar	director	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer S Berg	officer: Treasurer	100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202
Todd F Kuehl	officer: Chief Compliance Officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309
Kenneth Fuller	director, officer: CEO, Pres. & Chairman, other: CEO & Pres. Of Manager	620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Thomas C Merchant	other: Director of Subadviser	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202