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NCVPA.PFD (Virtus Convertible &ome Fund) Scaled Net Operating Assets : 0.83 (As of Jul. 2024)


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What is Virtus Convertible &ome 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.

Virtus Convertible &ome Fund's operating assets for the quarter that ended in Jul. 2024 was $539.83 Mil. Virtus Convertible &ome Fund's operating liabilities for the quarter that ended in Jul. 2024 was $80.95 Mil. Virtus Convertible &ome Fund's Total Assets for the quarter that ended in Jan. 2024 was $553.53 Mil. Therefore, Virtus Convertible &ome Fund's scaled net operating assets (SNOA) for the quarter that ended in Jul. 2024 was 0.83.

Virtus Convertible &ome 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.

Virtus Convertible &ome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2024 )
=(Operating Assets (A: Jan. 2024 )-Operating Liabilities (A: Jan. 2024 ))/Total Assets (A: Jan. 2023 )
=(538.174-86.709)/656.713
=0.69

where

Operating Assets(A: Jan. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=553.532 - 15.358
=538.174

Operating Liabilities(A: Jan. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=120.709 - 34 - 0
=86.709

Virtus Convertible &ome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jul. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jul. 2024 )
=(Operating Assets (Q: Jul. 2024 )-Operating Liabilities (Q: Jul. 2024 ))/Total Assets (Q: Jan. 2024 )
=(539.826-80.947)/553.532
=0.83

where

Operating Assets(Q: Jul. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=550.578 - 10.752
=539.826

Operating Liabilities(Q: Jul. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=114.947 - 34 - 0
=80.947

* 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.

Virtus Convertible &ome Fund Scaled Net Operating Assets Related Terms

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Virtus Convertible &ome Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income Fund (NYSE:NCVpA.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
ALTI OIA RCS ASG JGH DBL NCA DSM PMO TPVG BLK BX KKR OSTO:INVE A TSX:BAM APO TSX:BN LSE:III AMP XSWX:PGHN
Traded in Other Exchanges
NCV:USA
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Website
https://www.virtus.com
Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes Software, the Internet, the Commercial Services sector in the form of Convertible Bonds and Notes, and Media, Oil, Gas & Consumable Fuels, and Entertainment sector in the form of Corporate Bonds and Notes.
Executives
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
James S Macleod director 250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102