EVM (Eaton Vance California Municipal Bond Fund) Scaled Net Operating Assets: 0.34 (As of Mar. 2025)


EVM Eaton Vance California Municipal Bond Fund EVM
23 GF Score
Price $9.46
! 2 Warning Signs
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What is Eaton Vance California Municipal Bond Fund Scaled Net Operating Assets?

Eaton Vance California Municipal Bond Fund EVM -0.84% 23 Scaled Net Operating Assets is 0.34 as of Mar. 2025. GuruFocus rates EVM with a GF Score™ of 23/100. The stock has 2 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.

Eaton Vance California Municipal Bond Fund's operating assets for the quarter that ended in Mar. 2025 was $361.74 Mil. Eaton Vance California Municipal Bond Fund's operating liabilities for the quarter that ended in Mar. 2025 was $25.81 Mil. Eaton Vance California Municipal Bond Fund's Total Assets for the quarter that ended in Sep. 2024 was $991.76 Mil. Therefore, Eaton Vance California Municipal Bond Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2025 was 0.34.

EVM
23GF Score
Eaton Vance California Municipal Bond Fund EVM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Eaton Vance California Municipal Bond 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.

Eaton Vance California Municipal Bond Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2024 )
=(Operating Assets (A: Sep. 2024 )-Operating Liabilities (A: Sep. 2024 ))/Total Assets (A: Sep. 2023 )
=(991.763-7.605)/356.426
=2.76

where

Operating Assets(A: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=991.763 - 0
=991.763

Operating Liabilities(A: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=334.831 - 327.226 - 0
=7.605

Eaton Vance California Municipal Bond Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2025 )
=(Operating Assets (Q: Mar. 2025 )-Operating Liabilities (Q: Mar. 2025 ))/Total Assets (Q: Sep. 2024 )
=(361.744-25.81)/991.763
=0.34

where

Operating Assets(Q: Mar. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=362.038 - 0.294
=361.744

Operating Liabilities(Q: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=120.487 - 94.677 - 0
=25.81

* 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 0.34 mean?
Eaton Vance California Municipal Bond Fund (EVM) has a Scaled Net Operating Assets of 0.34 as of Mar. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Eaton Vance California Municipal Bond Fund and its competitors.
Is Eaton Vance California Municipal Bond Fund's Scaled Net Operating Assets too high?
Eaton Vance California Municipal Bond Fund's current Scaled Net Operating Assets is 0.34. Overall, Eaton Vance California Municipal Bond Fund has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance California Municipal Bond Fund's Scaled Net Operating Assets compare to TSI and LIEN?
Eaton Vance California Municipal Bond Fund's Scaled Net Operating Assets of 0.34 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 Eaton Vance California Municipal Bond Fund and its competitors. Eaton Vance California Municipal Bond Fund's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance California Municipal Bond Fund stock overvalued right now?
Eaton Vance California Municipal Bond Fund (EVM) has a current Scaled Net Operating Assets of 0.34. The current Scaled Net Operating Assets is 0.34. Eaton Vance California Municipal Bond Fund's overall GF Score™ is 23/100 with 2 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 Eaton Vance California Municipal Bond Fund (EVM), the current Scaled Net Operating Assets is 0.34 as of Mar. 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.

Eaton Vance California Municipal Bond Fund Business Description

Address One Post Office Square, Boston, MA, USA, 02109
Eaton Vance California Municipal Bond Fund is an investment company with an objective to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The company provides its solutions to individual investors, institutional investors, high net worth individuals, family office investors, and financial professionals. It offers a range of equity, income, and alternative strategies to institutional investors, both in the United States and internationally.
23GF 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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