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GGTPG.PFD (Gabelli Multimedia Trust) Scaled Net Operating Assets : 0.88 (As of Jun. 2024)


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What is Gabelli Multimedia 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.

Gabelli Multimedia Trust's operating assets for the quarter that ended in Jun. 2024 was $168.72 Mil. Gabelli Multimedia Trust's operating liabilities for the quarter that ended in Jun. 2024 was $0.55 Mil. Gabelli Multimedia Trust's Total Assets for the quarter that ended in Dec. 2023 was $191.00 Mil. Therefore, Gabelli Multimedia Trust's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.88.

Gabelli Multimedia 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.

Gabelli Multimedia Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(191-6.454)/195.138
=0.95

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=191.001 - 0.001
=191

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.524 - 0.07 - 0
=6.454

Gabelli Multimedia Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Dec. 2023 )
=(168.723-0.55)/191.001
=0.88

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=168.737 - 0.014
=168.723

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.553 - 0.003 - 0
=0.55

* 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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Gabelli Multimedia Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Multimedia Trust Inc (NYSE:GGTpG.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
GF JHS WHG WEA NAZ SRV BTA GLQ BWG HEQ BLK KKR BX APO TSX:BN OSTO:INVE A AMP LSE:III ARES XSWX:PGHN
Traded in Other Exchanges
GGTpE.PFD:USA GGT:USA
Address
One Corporate Center, Rye, New York, NY, USA, 10580-1422
Website
https://www.gabelli.com
Gabelli Multimedia Trust Inc is a non-diversified closed-end management investment company. Its investment objective is the long-term growth of capital with income as a secondary objective. The fund invests majority of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing, and entertainment industries.