Aberforth Gearedome Trust (LSE:AGIZ.PFD) Scaled Net Operating Assets : 0.76 (As of Dec. 2016)

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What is Aberforth Gearedome 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.

Aberforth Gearedome Trust's operating assets for the quarter that ended in Dec. 2016 was £351.49 Mil. Aberforth Gearedome Trust's operating liabilities for the quarter that ended in Dec. 2016 was £113.06 Mil. Aberforth Gearedome Trust's Total Assets for the quarter that ended in Jun. 2016 was £314.42 Mil. Therefore, Aberforth Gearedome Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2016 was 0.76.

Aberforth Gearedome 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.

Aberforth Gearedome Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2016 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2016 )
=	(Operating Assets (A: Jun. 2016 )	-	Operating Liabilities (A: Jun. 2016 ))	/	Total Assets (A: Jun. 2015 )
=	(310.721	-	109.842)	/	353.59
=	0.57

where

	Operating Assets		(A: Jun. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	314.424	-	3.703
=	310.721

	Operating Liabilities		(A: Jun. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	109.842	-	0	-	0
=	109.842

Aberforth Gearedome Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2016 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2016 )
=	(Operating Assets (Q: Dec. 2016 )	-	Operating Liabilities (Q: Dec. 2016 ))	/	Total Assets (Q: Jun. 2016 )
=	(351.494	-	113.057)	/	314.424
=	0.76

where

	Operating Assets		(Q: Dec. 2016 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	360.403	-	8.909
=	351.494

	Operating Liabilities		(Q: Dec. 2016 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	113.057	-	0	-	0
=	113.057

* 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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Aberforth Gearedome Trust Business Description

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Address

Website

http://www.aberforth.co.uk

Aberforth Geared Income Trust PLC is the United Kingdom based split capital investment trust which is managed by Aberforth Partners LLP. It has two classes of shares; Ordinary Shares and Zero Dividend Preference Shares. The Trust invests in a diversified portfolio of small the United Kingdom quoted companies listed on the London Stock Exchange, thereby proving its ordinary shareholders with the potential for high income and capital growth. Its zero dividend preference shareholders are provided pre-determined final capital. Aberforth invests across various sectors, including oil and gas, chemicals, mining, construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, and industrial transportation.