DTF (DTF Tax-Freeome 2028 Term Fund) Scaled Net Operating Assets: 0.93 (As of Oct. 2025)


DTF DTF Tax-Free Income 2028 Term Fund Inc DTF
35 GF Score
Price $11.50
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What is DTF Tax-Freeome 2028 Term Fund Scaled Net Operating Assets?

DTF Tax-Freeome 2028 Term Fund DTF 35 Scaled Net Operating Assets is 0.93 as of Oct. 2025. GuruFocus rates DTF with a GF Score™ of 35/100. The stock has 7 warning signs investors should review.

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

DTF Tax-Freeome 2028 Term Fund's operating assets for the quarter that ended in Oct. 2025 was $82.64 Mil. DTF Tax-Freeome 2028 Term Fund's operating liabilities for the quarter that ended in Oct. 2025 was $1.99 Mil. DTF Tax-Freeome 2028 Term Fund's Total Assets for the quarter that ended in Apr. 2025 was $86.67 Mil. Therefore, DTF Tax-Freeome 2028 Term Fund's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2025 was 0.93.

DTF
35GF Score
DTF Tax-Free Income 2028 Term Fund Inc DTF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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DTF Tax-Freeome 2028 Term Fund 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.

DTF Tax-Freeome 2028 Term Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(82.639-1.987)/89.473
=0.90

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=87.271 - 4.632
=82.639

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.987 - 0 - 0
=1.987

DTF Tax-Freeome 2028 Term Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2025 )
=(Operating Assets (Q: Oct. 2025 )-Operating Liabilities (Q: Oct. 2025 ))/Total Assets (Q: Apr. 2025 )
=(82.639-1.987)/86.666
=0.93

where

Operating Assets(Q: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=87.271 - 4.632
=82.639

Operating Liabilities(Q: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.987 - 0 - 0
=1.987

* 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 0.93 mean?
DTF Tax-Freeome 2028 Term Fund (DTF) has a Scaled Net Operating Assets of 0.93 as of Oct. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on DTF Tax-Freeome 2028 Term Fund and its competitors.
Is DTF Tax-Freeome 2028 Term Fund's Scaled Net Operating Assets too high?
DTF Tax-Freeome 2028 Term Fund's current Scaled Net Operating Assets is 0.93. Overall, DTF Tax-Freeome 2028 Term Fund has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does DTF Tax-Freeome 2028 Term Fund's Scaled Net Operating Assets compare to HNNA and PFX?
DTF Tax-Freeome 2028 Term Fund's Scaled Net Operating Assets of 0.93 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 DTF Tax-Freeome 2028 Term Fund and its competitors. DTF Tax-Freeome 2028 Term Fund's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTF Tax-Freeome 2028 Term Fund stock overvalued right now?
DTF Tax-Freeome 2028 Term Fund (DTF) has a current Scaled Net Operating Assets of 0.93. The current Scaled Net Operating Assets is 0.93. DTF Tax-Freeome 2028 Term Fund's overall GF Score™ is 35/100 with 7 warning signs 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 DTF Tax-Freeome 2028 Term Fund (DTF), the current Scaled Net Operating Assets is 0.93 as of Oct. 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.

DTF Tax-Freeome 2028 Term Fund Business Description

Address 10 South Wacker Drive, Suite 1900, 19th Floor, Chicago, IL, USA, 60606
DTF Tax-Free Income 2028 Term Fund Inc is a diversified closed-end management investment company. The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. It seeks to achieve its investment objective by investing mainly in a diversified portfolio of investment-grade tax-exempt obligations.
35GF Score

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

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