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GGNPB.PFD (GAMCO Global Gold Natural Resources &ome Trust) Scaled Net Operating Assets : 0.93 (As of Dec. 2024)


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What is GAMCO Global Gold Natural Resources &ome Trust 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.

GAMCO Global Gold Natural Resources &ome Trust's operating assets for the quarter that ended in Dec. 2024 was $694.47 Mil. GAMCO Global Gold Natural Resources &ome Trust's operating liabilities for the quarter that ended in Dec. 2024 was $14.81 Mil. GAMCO Global Gold Natural Resources &ome Trust's Total Assets for the quarter that ended in Jun. 2024 was $730.07 Mil. Therefore, GAMCO Global Gold Natural Resources &ome Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.93.

GAMCO Global Gold Natural Resources &ome Trust 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.

GAMCO Global Gold Natural Resources &ome Trust'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 )
=(694.466-14.814)/719.546
=0.94

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=694.466 - 0
=694.466

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.814 - 0 - 0
=14.814

GAMCO Global Gold Natural Resources &ome Trust'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 )
=(694.466-14.814)/730.066
=0.93

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=694.466 - 0
=694.466

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.814 - 0 - 0
=14.814

* 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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GAMCO Global Gold Natural Resources &ome Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Global Gold Natural Resources & Income Trust (AMEX:GGNpB.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
GGN:USA
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Website
https://www.gabelli.com
GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest majority of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option planning of writing (selling) covered call options on equity securities in its portfolio.