Tau Capital (LSE:TAU) Scaled Net Operating Assets : -0.01 (As of Jun. 2019)

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What is Tau Capital 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.

Tau Capital's operating assets for the quarter that ended in Jun. 2019 was $0.05 Mil. Tau Capital's operating liabilities for the quarter that ended in Jun. 2019 was $0.07 Mil. Tau Capital's Total Assets for the quarter that ended in Dec. 2018 was $1.43 Mil. Therefore, Tau Capital's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2019 was -0.01.

Tau Capital 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.

Tau Capital's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2018 )
=	(Operating Assets (A: Dec. 2018 )	-	Operating Liabilities (A: Dec. 2018 ))	/	Total Assets (A: Dec. 2017 )
=	(0.023	-	0.064)	/	2.763
=	-0.01

where

	Operating Assets		(A: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1.43	-	1.407
=	0.023

	Operating Liabilities		(A: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.064	-	0	-	0
=	0.064

Tau Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2019 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2019 )
=	(Operating Assets (Q: Jun. 2019 )	-	Operating Liabilities (Q: Jun. 2019 ))	/	Total Assets (Q: Dec. 2018 )
=	(0.053	-	0.07)	/	1.43
=	-0.01

where

	Operating Assets		(Q: Jun. 2019 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	0.2	-	0.147
=	0.053

	Operating Liabilities		(Q: Jun. 2019 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.07	-	0	-	0
=	0.07

* 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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Tau Capital (LSE:TAU) Business Description

Industry

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Traded in Other Exchanges

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Address

Hope Street, Ioma House, Douglas, IMN, IM1 1AP

Website

http://www.taucapitalplc.com

Tau Capital PLC is a part of the financial services sector as a closed-ended investment fund. The company's objective is to invest in public and private businesses that are established in, operating in or have exposure to Kazakhstan and neighboring countries. Tau Capital invests in the Kazakhstan economy but also in other countries in the region, including the Kyrgyz Republic, Uzbekistan, Turkmenistan, Tajikistan, Russia, and Mongolia.