Fidelity European Trust (LSE:FEV) Scaled Net Operating Assets : 0.89 (As of Dec. 2024)

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What is Fidelity European Trust 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.

Fidelity European Trust's operating assets for the quarter that ended in Dec. 2024 was £1,507.36 Mil. Fidelity European Trust's operating liabilities for the quarter that ended in Dec. 2024 was £7.27 Mil. Fidelity European Trust's Total Assets for the quarter that ended in Jun. 2024 was £1,692.11 Mil. Therefore, Fidelity European Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.89.

Fidelity European Trust 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.

Fidelity European Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(1507.356	-	7.269)	/	1592.398
=	0.94

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1570.398	-	63.042
=	1507.356

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7.269	-	0	-	0
=	7.269

Fidelity European Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(1507.356	-	7.269)	/	1692.107
=	0.89

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1570.398	-	63.042
=	1507.356

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7.269	-	0	-	0
=	7.269

* 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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Fidelity European Trust Business Description

Industry

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Traded in Other Exchanges

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Address

Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP

Website

https://www.fidelity.co.uk

Fidelity European Trust PLC operates as an investment trust in England and Wales. Its objective is to achieve long-term growth in both capital and income by predominantly investing in equities (and their related securities) of continental European companies. The company's investment portfolio covers sectors such as financials, healthcare, industrials, oil and gas, technology and utilities among others.