BTA (Blackrock Long-term Municipal AdtgTrust) Scaled Net Operating Assets: 0.57 (As of Jul. 2025)


BTA Blackrock Long-term Municipal AdtgTrust BTA
18 GF Score
Price $10.04
! 1 Warning Sign
View Full Analysis

What is Blackrock Long-term Municipal AdtgTrust Scaled Net Operating Assets?

Blackrock Long-term Municipal AdtgTrust BTA 18 Scaled Net Operating Assets is 0.57 as of Jul. 2025. GuruFocus rates BTA with a GF Score™ of 18/100. The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Blackrock Long-term Municipal AdtgTrust's operating assets for the quarter that ended in Jul. 2025 was $211.64 Mil. Blackrock Long-term Municipal AdtgTrust's operating liabilities for the quarter that ended in Jul. 2025 was $83.95 Mil. Blackrock Long-term Municipal AdtgTrust's Total Assets for the quarter that ended in Jan. 2025 was $224.81 Mil. Therefore, Blackrock Long-term Municipal AdtgTrust's scaled net operating assets (SNOA) for the quarter that ended in Jul. 2025 was 0.57.

BTA
18GF Score
Blackrock Long-term Municipal AdtgTrust BTA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackrock Long-term Municipal AdtgTrust 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.

Blackrock Long-term Municipal AdtgTrust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(211.637-83.953)/231.562
=0.55

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=211.637 - 0
=211.637

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=83.955 - 0.002 - 0
=83.953

Blackrock Long-term Municipal AdtgTrust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jul. 2025 )
=(Operating Assets (Q: Jul. 2025 )-Operating Liabilities (Q: Jul. 2025 ))/Total Assets (Q: Jan. 2025 )
=(211.637-83.953)/224.806
=0.57

where

Operating Assets(Q: Jul. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=211.637 - 0
=211.637

Operating Liabilities(Q: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=83.955 - 0.002 - 0
=83.953

* 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.

What does a Scaled Net Operating Assets of 0.57 mean?
Blackrock Long-term Municipal AdtgTrust (BTA) has a Scaled Net Operating Assets of 0.57 as of Jul. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors.
Is Blackrock Long-term Municipal AdtgTrust's Scaled Net Operating Assets too high?
Blackrock Long-term Municipal AdtgTrust's current Scaled Net Operating Assets is 0.57. Overall, Blackrock Long-term Municipal AdtgTrust has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock Long-term Municipal AdtgTrust's Scaled Net Operating Assets compare to CIK and BGX?
Blackrock Long-term Municipal AdtgTrust's Scaled Net Operating Assets of 0.57 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors. Blackrock Long-term Municipal AdtgTrust's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Long-term Municipal AdtgTrust stock overvalued right now?
Blackrock Long-term Municipal AdtgTrust (BTA) has a current Scaled Net Operating Assets of 0.57. The current Scaled Net Operating Assets is 0.57. Blackrock Long-term Municipal AdtgTrust's overall GF Score™ is 18/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Blackrock Long-term Municipal AdtgTrust (BTA), the current Scaled Net Operating Assets is 0.57 as of Jul. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Blackrock Long-term Municipal AdtgTrust Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Long-term Municipal AdtgTrust is a diversified closed-end investment trust. Its investment objective is to provide current income exempt from regular U.S. federal income tax. The fund, under normal market conditions, invests a majority of its managed assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are expected to pay interest or income that is exempt from U.S. federal income tax. Its investment portfolio comprises dollar-weighted, long-term municipal bonds with a maturity of more than ten years at the time of investment. The fund's investments have exposure to various sectors such as Corporate, Health, County/City/Special District/School District, Transportation, Education, Utilities, State, Tobacco, etc.
18GF Score

Get the complete analysis for BTA

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.04
Price