Ground Rentsome Fund (LSE:GRIO) Scaled Net Operating Assets : 0.73 (As of Mar. 2024)

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What is Ground Rentsome 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.

Ground Rentsome Fund's operating assets for the quarter that ended in Mar. 2024 was £84.76 Mil. Ground Rentsome Fund's operating liabilities for the quarter that ended in Mar. 2024 was £4.17 Mil. Ground Rentsome Fund's Total Assets for the quarter that ended in Sep. 2023 was £110.45 Mil. Therefore, Ground Rentsome Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.73.

Ground Rentsome 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.

Ground Rentsome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(108.848	-	3.399)	/	112.235
=	0.94

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	110.45	-	1.602
=	108.848

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	24.249	-	20.85	-	0
=	3.399

Ground Rentsome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Sep. 2023 )
=	(84.764	-	4.172)	/	110.45
=	0.73

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	91.141	-	6.377
=	84.764

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	24.957	-	20.785	-	0
=	4.172

* 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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Ground Rentsome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ground Rents Income Fund PLC (LSE:GRIO) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

http://www.groundrentsincomefund.com

Ground Rents Income Fund PLC is a closed-ended real estate investment trust. Its investment objective is to achieve a balance between periodically returning cash to shareholders and optimizing the net realization value of its investments. The company works towards its objective by investing in a diversified portfolio of ground rents including freeholds and head leases of residential, retail, and commercial properties located in the United Kingdom. The majority of its revenue is earned in the form of income received from ground rent.