Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Scaled Net Operating Assets : -0.69 (As of Jun. 2016)

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What is Big Bank Big Oil Split 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.

Big Bank Big Oil Split's operating assets for the quarter that ended in Jun. 2016 was C$0.22 Mil. Big Bank Big Oil Split's operating liabilities for the quarter that ended in Jun. 2016 was C$31.60 Mil. Big Bank Big Oil Split's Total Assets for the quarter that ended in Dec. 2015 was C$45.54 Mil. Therefore, Big Bank Big Oil Split's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2016 was -0.69.

Big Bank Big Oil Split 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.

Big Bank Big Oil Split's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2015 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2015 )
=	(Operating Assets (A: Dec. 2015 )	-	Operating Liabilities (A: Dec. 2015 ))	/	Total Assets (A: Dec. 2014 )
=	(44.814	-	31.572)	/	57.509
=	0.23

where

	Operating Assets		(A: Dec. 2015 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	45.54	-	0.726
=	44.814

	Operating Liabilities		(A: Dec. 2015 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	31.572	-	0	-	0
=	31.572

Big Bank Big Oil Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2016 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2016 )
=	(Operating Assets (Q: Jun. 2016 )	-	Operating Liabilities (Q: Jun. 2016 ))	/	Total Assets (Q: Dec. 2015 )
=	(0.219	-	31.6)	/	45.54
=	-0.69

where

	Operating Assets		(Q: Jun. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	49.963	-	49.744
=	0.219

	Operating Liabilities		(Q: Jun. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	31.6	-	0	-	0
=	31.6

* 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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Big Bank Big Oil Split (TSX:BBO.PR.A.PFD) Business Description

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Address

Website

http://www.blackrock.com/ca

Big Bank Big Oil Split Corp. is a mutual fund corporation. The manager of the Company is Claymore Investments, Inc. The Company has been created to provide a diversified investment in big Canadian banks and oil and gas companies.