Highland Opportunities andome Fund (Highland Opportunities andome Fund) Scaled Net Operating Assets : 0.81 (As of Dec. 2023)

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What is Highland Opportunities andome 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.

Highland Opportunities andome Fund's operating assets for the quarter that ended in Dec. 2023 was $1,033.57 Mil. Highland Opportunities andome Fund's operating liabilities for the quarter that ended in Dec. 2023 was $150.12 Mil. Highland Opportunities andome Fund's Total Assets for the quarter that ended in Jun. 2023 was $1,095.99 Mil. Therefore, Highland Opportunities andome Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.81.

Highland Opportunities andome 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.

Highland Opportunities andome Fund'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 )
=	(1033.569	-	150.115)	/	1129.58
=	0.78

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1041.221	-	7.652
=	1033.569

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	170.805	-	20.69	-	0
=	150.115

Highland Opportunities andome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(1033.569	-	150.115)	/	1095.992
=	0.81

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1041.221	-	7.652
=	1033.569

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	170.805	-	20.69	-	0
=	150.115

* 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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Highland Opportunities andome Fund (Highland Opportunities andome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highland Opportunities and Income Fund (NYSE:HFROpA.PFD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

HFRO:USA

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

https://www.nexpointassetmgmt.com

Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of current income, consistent with the preservation of capital. The company's portfolio of investments includes different industry investments such as financial, chemicals, energy, healthcare, industrial, manufacturing, and others.