Polar Capital Global Financials Trust (LSE:PCFT) Scaled Net Operating Assets : 1.02 (As of May. 2024)

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What is Polar Capital Global Financials 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.

Polar Capital Global Financials Trust's operating assets for the quarter that ended in May. 2024 was £577.6 Mil. Polar Capital Global Financials Trust's operating liabilities for the quarter that ended in May. 2024 was £3.8 Mil. Polar Capital Global Financials Trust's Total Assets for the quarter that ended in Nov. 2023 was £564.3 Mil. Therefore, Polar Capital Global Financials Trust's scaled net operating assets (SNOA) for the quarter that ended in May. 2024 was 1.02.

Polar Capital Global Financials 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.

Polar Capital Global Financials Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Nov. 2023 )
=	(Operating Assets (A: Nov. 2023 )	-	Operating Liabilities (A: Nov. 2023 ))	/	Total Assets (A: Nov. 2022 )
=	(527.905	-	7.081)	/	605.708
=	0.86

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	564.311	-	36.406
=	527.905

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	76.113	-	69.032	-	0
=	7.081

Polar Capital Global Financials Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: May. 2024 )
=	(Operating Assets (Q: May. 2024 )	-	Operating Liabilities (Q: May. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(577.602	-	3.847)	/	564.311
=	1.02

where

	Operating Assets		(Q: May. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	636.102	-	58.5
=	577.602

	Operating Liabilities		(Q: May. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	72.741	-	68.894	-	0
=	3.847

* 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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Polar Capital Global Financials Trust Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

PCFTl:UK

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapitalglobalfinancialstrust.com

Polar Capital Global Financials Trust PLC is an asset management firm based in the United Kingdom. Its core objective is to provide its investors with a growing dividend income with capital appreciation. To achieve this, the company invests in listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other subsectors. Its portfolio entails equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options, and other instruments, including derivatives. It has a diversified portfolio of investments in different geographical regions such as North America, Europe, Asia, the United Kingdom, Latin America, Japan, and East Europe.