Northern 2 VCT (LSE:NTV) Scaled Net Operating Assets : 0.61 (As of Sep. 2023)

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What is Northern 2 VCT 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.

Northern 2 VCT's operating assets for the quarter that ended in Sep. 2023 was £66.66 Mil. Northern 2 VCT's operating liabilities for the quarter that ended in Sep. 2023 was £0.14 Mil. Northern 2 VCT's Total Assets for the quarter that ended in Mar. 2023 was £109.75 Mil. Therefore, Northern 2 VCT's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.61.

Northern 2 VCT 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.

Northern 2 VCT'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 )
=	(80.432	-	0.174)	/	105.007
=	0.76

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	109.75	-	29.318
=	80.432

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.174	-	0	-	0
=	0.174

Northern 2 VCT'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 )
=	(66.661	-	0.141)	/	109.75
=	0.61

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	114.028	-	47.367
=	66.661

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.141	-	0	-	0
=	0.141

* 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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Northern 2 VCT (LSE:NTV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Northern 2 VCT PLC (LSE:NTV) » Definitions » Scaled Net Operating Assets

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Address

17 High Street, Forward House, Henley-in-Arden, GBR, B95 5AA

Website

https://www.mercia.co.uk

Northern 2 VCT PLC is an asset management company. The company invests mainly in unquoted venture capital holdings, with its remaining assets invested in a portfolio of listed interest-bearing and equity investments and bank deposits. Its objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth.