FNCSF (North American Financial 15 Split) Scaled Net Operating Assets : 0.35 (As of May. 2024)

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What is North American 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.

North American Financial 15 Split's operating assets for the quarter that ended in May. 2024 was $588.4 Mil. North American Financial 15 Split's operating liabilities for the quarter that ended in May. 2024 was $403.6 Mil. North American Financial 15 Split's Total Assets for the quarter that ended in Nov. 2023 was $530.2 Mil. Therefore, North American Financial 15 Split's scaled net operating assets (SNOA) for the quarter that ended in May. 2024 was 0.35.

North American 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.

North American 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 )
=	(497.612	-	383.924)	/	603.727
=	0.19

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	530.235	-	32.623
=	497.612

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	383.924	-	0	-	0
=	383.924

North American Financial 15 Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: May. 2024 )
=	(Operating Assets (Q: May. 2024 )	-	Operating Liabilities (Q: May. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(588.38	-	403.641)	/	530.235
=	0.35

where

	Operating Assets		(Q: May. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	630.23	-	41.85
=	588.38

	Operating Liabilities		(Q: May. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	403.641	-	0	-	0
=	403.641

* 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.

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North American Financial 15 Split Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » North American Financial 15 Split Corp (OTCPK:FNCSF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FFN.PR.A.PFD:Canada FFN:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

North American Financial 15 Split Corp is a mutual fund corporation. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.