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Herzfeld Caribbean Basin Fund (Herzfeld Caribbean Basin Fund) Scaled Net Operating Assets : 1.58 (As of Dec. 2023)


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What is Herzfeld Caribbean Basin 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.

Herzfeld Caribbean Basin Fund's operating assets for the quarter that ended in Dec. 2023 was $63.12 Mil. Herzfeld Caribbean Basin Fund's operating liabilities for the quarter that ended in Dec. 2023 was $6.92 Mil. Herzfeld Caribbean Basin Fund's Total Assets for the quarter that ended in Jun. 2023 was $35.68 Mil. Therefore, Herzfeld Caribbean Basin Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 1.58.

Herzfeld Caribbean Basin 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.

Herzfeld Caribbean Basin Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2023 )
=(Operating Assets (A: Jun. 2023 )-Operating Liabilities (A: Jun. 2023 ))/Total Assets (A: Jun. 2022 )
=(35.683-0.108)/30.438
=1.17

where

Operating Assets(A: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=35.683 - 0
=35.683

Operating Liabilities(A: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.108 - 0 - 0
=0.108

Herzfeld Caribbean Basin Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Jun. 2023 )
=(63.121-6.918)/35.683
=1.58

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=63.121 - 0
=63.121

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.918 - 0 - 0
=6.918

* 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.

Herzfeld Caribbean Basin Fund Scaled Net Operating Assets Related Terms

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Herzfeld Caribbean Basin Fund (Herzfeld Caribbean Basin Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Herzfeld Caribbean Basin Fund Inc (NAS:CUBA) » Definitions » Scaled Net Operating Assets
Comparable Companies
ENDI NOM EQS TETAA PWM AINC ILUS SFE PIAC MFV BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
119 Washington Avenue, Suite 504, Miami Beach, FL, USA, 33139
Website
https://www.herzfeld.com
Herzfeld Caribbean Basin Fund Inc operates as a closed-end management investment company. The company's investment objective is to obtain long-term capital appreciation. The firm offers customized discretionary account management and fund management services to individual and institutional investors. The fund invests in equity and equity-linked securities of public and private companies, including United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country. The fund's revenue source is through the dividends it receives. Its investments are geographically allocated in the United States followed by Puerto Rico, Mexico, and other countries.
Executives
Thomas J Herzfeld director, officer: President THE HERZFELD CARIBBEAN BASIN FUND INC, 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Erik Mervin Herzfeld officer: Portfolio Manager THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE. SUITE 504, MIAMI BEACH FL 33139
Ryan M Paylor other: Portfolio Manager THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Cecilia L Gondor officer: Secretary/Treasurer THE HERZFELD CARIBBEAN BASIN FUND INC, 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Zachary Paul Richmond officer: Treasurer C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Alice Tham officer: Secretary C/O THOMAS J. HERZFELD ADVISORS, INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Thomas K Morgan officer: CCO C/O THOMAS J. HERZFELD ADVISORS, INC., 119 WASHINGTON AVE, MIAMI BEACH FL 33139
Jose Raphael Oro other: Access Person 17 OLD ORCHARD ROAD, NORTH HAVEN CT 06473
Teofilo Abraham Babun other: Access Person 119 WASHINGTON AVENUE, SUITE 504, MIAMI BEACH FL 33139
Kay W Tatum director 122 SEVILLA AVE, APT 1713, CORAL GABLES FL 33134
Lee Reanna J.m. officer: Secretary/Treasurer/CCO 119 WASHINGTON AVE, STE 504, MIAMI BEACH FL 33139
John A Gelety director THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Ann S Lieff director THE HERZFELD CARIBBEAN BASIN FUND INC., 119 WASHINGTON AVE., SUITE 504, MIAMI BEACH FL 33139
Michael A Rubin director 420 SOUTH DIXIE HIGHWAY, STE 4-B, CORAL GABLES FL 33176