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US Financial 15 Split (TSX:FTU.PR.B.PFD) Scaled Net Operating Assets : -0.11 (As of Nov. 2022)


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What is US Financial 15 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.

US Financial 15 Split's operating assets for the quarter that ended in Nov. 2022 was C$12.26 Mil. US Financial 15 Split's operating liabilities for the quarter that ended in Nov. 2022 was C$13.68 Mil. US Financial 15 Split's Total Assets for the quarter that ended in May. 2022 was C$13.32 Mil. Therefore, US Financial 15 Split's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2022 was -0.11.

US Financial 15 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.

US Financial 15 Split's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(10.345-11.224)/13.683
=-0.06

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11.224 - 0.879
=10.345

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11.224 - 0 - 0
=11.224

US Financial 15 Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2022 )
=(Operating Assets (Q: Nov. 2022 )-Operating Liabilities (Q: Nov. 2022 ))/Total Assets (Q: May. 2022 )
=(12.258-13.683)/13.317
=-0.11

where

Operating Assets(Q: Nov. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13.683 - 1.425
=12.258

Operating Liabilities(Q: Nov. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.683 - 0 - 0
=13.683

* 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.

US Financial 15 Split Scaled Net Operating Assets Related Terms

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US Financial 15 Split (TSX:FTU.PR.B.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » US Financial 15 Split Corp (TSX:FTU.PR.B.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
FTU:Canada
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Website
https://www.quadravest.com
US Financial 15 Split Corp is an investment company. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others. The company offers two types of shares that are preferred shares and class A shares.