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TDb Split (TDb Split) Scaled Net Operating Assets : -0.20 (As of Nov. 2023)


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What is TDb Split 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.

TDb Split's operating assets for the quarter that ended in Nov. 2023 was $41.88 Mil. TDb Split's operating liabilities for the quarter that ended in Nov. 2023 was $53.87 Mil. TDb Split's Total Assets for the quarter that ended in May. 2023 was $60.29 Mil. Therefore, TDb Split's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was -0.20.

TDb Split 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.

TDb Split'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 )
=(41.876-53.873)/66.69
=-0.18

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=64.702 - 22.826
=41.876

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53.873 - 0 - 0
=53.873

TDb Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2023 )
=(Operating Assets (Q: Nov. 2023 )-Operating Liabilities (Q: Nov. 2023 ))/Total Assets (Q: May. 2023 )
=(41.876-53.873)/60.289
=-0.20

where

Operating Assets(Q: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=64.702 - 22.826
=41.876

Operating Liabilities(Q: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53.873 - 0 - 0
=53.873

* 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.

TDb Split Scaled Net Operating Assets Related Terms

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TDb Split (TDb Split) Business Description

Industry
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Traded in Other Exchanges
XTD.PR.A.PFD:Canada XTD:Canada
Address
200 Front Street West, Suite 2510, P.O Box 51, Toronto, ON, CAN, M5V 3K2
Website
http://www.TDbSplit.com
TDb Split Corp is a mutual fund company that invests in common shares of The Toronto-Dominion Bank. It offers two types of shares Priority Equity Shares and Class A Shares. The company's investment objective for the Priority Equity Shares is to provide holders of Priority Equity Shares with cumulative preferential monthly cash dividends and its investment objective for the Class A Shares is to provide holders with regular monthly cash dividends.