FMO (Fiduciary/Claymore Energy Infrastructure Fund) Scaled Net Operating Assets: 0.94 (As of Nov. 2021)


FMO Fiduciary/Claymore Energy Infrastructure Fund FMO
40 GF Score
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What is Fiduciary/Claymore Energy Infrastructure Fund Scaled Net Operating Assets?

Fiduciary/Claymore Energy Infrastructure Fund FMO 40 Scaled Net Operating Assets is 0.94 as of Nov. 2021. GuruFocus rates FMO with a GF Score™ of 40/100.

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

Fiduciary/Claymore Energy Infrastructure Fund's operating assets for the quarter that ended in Nov. 2021 was $98.69 Mil. Fiduciary/Claymore Energy Infrastructure Fund's operating liabilities for the quarter that ended in Nov. 2021 was $0.44 Mil. Fiduciary/Claymore Energy Infrastructure Fund's Total Assets for the quarter that ended in May. 2021 was $104.37 Mil. Therefore, Fiduciary/Claymore Energy Infrastructure Fund's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2021 was 0.94.

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Fiduciary/Claymore Energy Infrastructure Fund FMO
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Fiduciary/Claymore Energy Infrastructure 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.

Fiduciary/Claymore Energy Infrastructure Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2021 )
=(Operating Assets (A: Nov. 2021 )-Operating Liabilities (A: Nov. 2021 ))/Total Assets (A: Nov. 2020 )
=(98.686-0.443)/81.947
=1.20

where

Operating Assets(A: Nov. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=98.686 - 0
=98.686

Operating Liabilities(A: Nov. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15.495 - 15.052 - 0
=0.443

Fiduciary/Claymore Energy Infrastructure Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2021 )
=(Operating Assets (Q: Nov. 2021 )-Operating Liabilities (Q: Nov. 2021 ))/Total Assets (Q: May. 2021 )
=(98.686-0.443)/104.368
=0.94

where

Operating Assets(Q: Nov. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=98.686 - 0
=98.686

Operating Liabilities(Q: Nov. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15.495 - 15.052 - 0
=0.443

* 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 0.94 mean?
Fiduciary/Claymore Energy Infrastructure Fund (FMO) has a Scaled Net Operating Assets of 0.94 as of Nov. 2021. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fiduciary/Claymore Energy Infrastructure Fund and its competitors.
Is Fiduciary/Claymore Energy Infrastructure Fund's Scaled Net Operating Assets too high?
Fiduciary/Claymore Energy Infrastructure Fund's current Scaled Net Operating Assets is 0.94. Overall, Fiduciary/Claymore Energy Infrastructure Fund has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Fiduciary/Claymore Energy Infrastructure Fund's Scaled Net Operating Assets compare to DTF and IAE?
Fiduciary/Claymore Energy Infrastructure Fund's Scaled Net Operating Assets of 0.94 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 Fiduciary/Claymore Energy Infrastructure Fund and its competitors. Fiduciary/Claymore Energy Infrastructure Fund's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiduciary/Claymore Energy Infrastructure Fund stock overvalued right now?
Fiduciary/Claymore Energy Infrastructure Fund (FMO) has a current Scaled Net Operating Assets of 0.94. The current Scaled Net Operating Assets is 0.94. Fiduciary/Claymore Energy Infrastructure Fund's overall GF Score™ is 40/100. 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 Fiduciary/Claymore Energy Infrastructure Fund (FMO), the current Scaled Net Operating Assets is 0.94 as of Nov. 2021. 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.

Fiduciary/Claymore Energy Infrastructure Fund Business Description

Address 227 West Monroe Street, Chicago, IL, USA, 60606
Fiduciary/Claymore Energy Infrastructure Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of after-tax total return with an emphasis on current distributions paid to shareholders.
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