Ground Rentsome Fund (LSE:GRIO) Scaled Net Operating Assets : 0.94 (As of Sep. 2022)

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What is Ground Rentsome 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.

Ground Rentsome Fund's operating assets for the quarter that ended in Sep. 2022 was £110.32 Mil. Ground Rentsome Fund's operating liabilities for the quarter that ended in Sep. 2022 was £2.98 Mil. Ground Rentsome Fund's Total Assets for the quarter that ended in Mar. 2022 was £114.01 Mil. Therefore, Ground Rentsome Fund's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2022 was 0.94.

Ground Rentsome 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.

Ground Rentsome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2022 )
=	(Operating Assets (A: Sep. 2022 )	-	Operating Liabilities (A: Sep. 2022 ))	/	Total Assets (A: Sep. 2021 )
=	(110.323	-	2.982)	/	122.339
=	0.88

where

	Operating Assets		(A: Sep. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	112.235	-	1.912
=	110.323

	Operating Liabilities		(A: Sep. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23.713	-	20.731	-	0
=	2.982

Ground Rentsome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2022 )
=	(Operating Assets (Q: Sep. 2022 )	-	Operating Liabilities (Q: Sep. 2022 ))	/	Total Assets (Q: Mar. 2022 )
=	(110.323	-	2.982)	/	114.009
=	0.94

where

	Operating Assets		(Q: Sep. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	112.235	-	1.912
=	110.323

	Operating Liabilities		(Q: Sep. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23.713	-	20.731	-	0
=	2.982

* 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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Ground Rentsome Fund (LSE:GRIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ground Rents Income Fund PLC (LSE:GRIO) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

http://www.groundrentsincomefund.com

Ground Rents Income Fund PLC is a closed-ended real estate investment trust. It is involved in ground rents which include freeholds and leaseholds of residential, retail, and commercial. Its investment objective is to provide secure long-term performance through investment in long-dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. It also offers a commission on insurance policies. The majority of the revenue is earned by the income received from the ground rent.