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PHD (Pioneer Floating Rate Trust) Scaled Net Operating Assets : 0.96 (As of Nov. 2024)


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What is Pioneer Floating Rate 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.

Pioneer Floating Rate Trust's operating assets for the quarter that ended in Nov. 2024 was $198.75 Mil. Pioneer Floating Rate Trust's operating liabilities for the quarter that ended in Nov. 2024 was $11.04 Mil. Pioneer Floating Rate Trust's Total Assets for the quarter that ended in May. 2024 was $195.75 Mil. Therefore, Pioneer Floating Rate Trust's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2024 was 0.96.

Pioneer Floating Rate 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.

Pioneer Floating Rate Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2024 )
=(Operating Assets (A: Nov. 2024 )-Operating Liabilities (A: Nov. 2024 ))/Total Assets (A: Nov. 2023 )
=(198.746-11.04)/190.502
=0.99

where

Operating Assets(A: Nov. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=198.905 - 0.159
=198.746

Operating Liabilities(A: Nov. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=71.04 - 60 - 0
=11.04

Pioneer Floating Rate Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2024 )
=(Operating Assets (Q: Nov. 2024 )-Operating Liabilities (Q: Nov. 2024 ))/Total Assets (Q: May. 2024 )
=(198.746-11.04)/195.749
=0.96

where

Operating Assets(Q: Nov. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=198.905 - 0.159
=198.746

Operating Liabilities(Q: Nov. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=71.04 - 60 - 0
=11.04

* 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.

Pioneer Floating Rate Trust Scaled Net Operating Assets Related Terms

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Pioneer Floating Rate Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Floating Rate Trust (NYSE:PHD) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
60 State Street, Boston, MA, USA, 02109
Website
https://www.amundi.com
Pioneer Floating Rate Trust is a diversified, closed-end fund. It invests in the fixed income markets of the United States. The fund basically invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the other High Yield Loans Index banks.
Executives
Yana Karalnik officer: CHIEF COMPLIANCE OFFICER 60 STATE STREET, BOSTON MA 02109
Michael Melnick officer: Assistant Treasurer 60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr officer: Treasurer 60 STATE STREET, BOSTON MA 02109
Craig C Mackay officer: Trustee 75 WEST 125TH STREET, NEW YORK NY 10027
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Diane Durnin other: Trustee 60 STATE STREET, BOSTON MA 02109
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Baumgardner John E Jr. other: Trustee 60 STATE STREET, BOSTON MA 02109
John Michael Malone officer: Chief Compliance Officer 60 STATE STREET, BOSTON MA 02019
Lorraine H Monchak other: Trustee 60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi other: Trustee 60 STATE STREET, BOSTON MA 02109
Lisa Jones officer: Chief Executive Officer 60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Mark Goodwin officer: Executive Vice President PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Kenneth Taubes other: Trustee
Marc O Mayer other: Trustee C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105