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Thames Ventures VCT 2 (LSE:D467) Scaled Net Operating Assets : 0.71 (As of Sep. 2023)


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What is Thames Ventures VCT 2 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.

Thames Ventures VCT 2's operating assets for the quarter that ended in Sep. 2023 was £37.33 Mil. Thames Ventures VCT 2's operating liabilities for the quarter that ended in Sep. 2023 was £0.62 Mil. Thames Ventures VCT 2's Total Assets for the quarter that ended in Mar. 2023 was £51.75 Mil. Therefore, Thames Ventures VCT 2's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.71.

Thames Ventures VCT 2 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.

Thames Ventures VCT 2's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2023 )
=(Operating Assets (A: Mar. 2023 )-Operating Liabilities (A: Mar. 2023 ))/Total Assets (A: Mar. 2022 )
=(45.667-1.214)/61.842
=0.72

where

Operating Assets(A: Mar. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=51.749 - 6.082
=45.667

Operating Liabilities(A: Mar. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.214 - 0 - 0
=1.214

Thames Ventures VCT 2's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2023 )
=(Operating Assets (Q: Sep. 2023 )-Operating Liabilities (Q: Sep. 2023 ))/Total Assets (Q: Mar. 2023 )
=(37.334-0.621)/51.749
=0.71

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=45.352 - 8.018
=37.334

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.621 - 0 - 0
=0.621

* 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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Thames Ventures VCT 2 (LSE:D467) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Thames Ventures VCT 2 PLC (LSE:D467) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
3 Lower Thames Street, 6th Floor, Saint Magnus House, London, GBR, EC3R 6HD
Website
https://www.foresightgroup.eu
Thames Ventures VCT 2 PLC is a venture capital trust. Its investment objectives are to invest in a portfolio of Venture Capital Investments and Structured Products, reduce the risks normally associated with Venture Capital Investments, target an annual dividend of at least 5.00p per ordinary, B share and D Share, provide a full exit for shareholders in approximately six years at no discount to NAV, and maintain VCT status to enable shareholders to retain their 30.0% income tax relief on investment.