GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GDL Fund (NYSE:GDLpC.PFD) » Definitions » Scaled Net Operating Assets

GDLPC.PFD (GDL Fund) Scaled Net Operating Assets : 0.64 (As of Dec. 2024)


View and export this data going back to 2018. Start your Free Trial

What is GDL Fund 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.

GDL Fund's operating assets for the quarter that ended in Dec. 2024 was $173.99 Mil. GDL Fund's operating liabilities for the quarter that ended in Dec. 2024 was $56.01 Mil. GDL Fund's Total Assets for the quarter that ended in Jun. 2024 was $183.21 Mil. Therefore, GDL Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.64.

GDL 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.

GDL Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(173.989-56.011)/193.624
=0.61

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=173.989 - 0
=173.989

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=56.011 - 0 - 0
=56.011

GDL Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Jun. 2024 )
=(173.989-56.011)/183.208
=0.64

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=173.989 - 0
=173.989

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=56.011 - 0 - 0
=56.011

* 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.

GDL Fund Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of GDL Fund's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

GDL Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GDL Fund (NYSE:GDLpC.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
PGP JEQ CEE BBXIA RFM RMI IHD GLU GGZ CMU BLK BX KKR OSTO:INVE A TSX:BAM APO TSX:BN LSE:III AMP XSWX:PGHN
Traded in Other Exchanges
GDL:USA
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Website
https://www.gabelli.com
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.