Allbanc Split II (TSX:ALB.PR.C.PFD) Scaled Net Operating Assets: -0.34 (As of Aug. 2020)


What is Allbanc Split II Scaled Net Operating Assets?

Allbanc Split II TSX:ALB.PR.C.PFD Scaled Net Operating Assets is -0.34 as of Aug. 2020.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Allbanc Split II's operating assets for the quarter that ended in Aug. 2020 was C$0.00 Mil. Allbanc Split II's operating liabilities for the quarter that ended in Aug. 2020 was C$11.05 Mil. Allbanc Split II's Total Assets for the quarter that ended in Feb. 2020 was C$32.55 Mil. Therefore, Allbanc Split II's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2020 was -0.34.

Allbanc Split II 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.

Allbanc Split II's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2020 )
=(Operating Assets (A: Feb. 2020 )-Operating Liabilities (A: Feb. 2020 ))/Total Assets (A: Feb. 2019 )
=(32.527-11.052)/39.366
=0.55

where

Operating Assets(A: Feb. 2020 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=32.547 - 0.02
=32.527

Operating Liabilities(A: Feb. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11.052 - 0 - 0
=11.052

Allbanc Split II's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Aug. 2020 )
=(Operating Assets (Q: Aug. 2020 )-Operating Liabilities (Q: Aug. 2020 ))/Total Assets (Q: Feb. 2020 )
=(0.00099999999999767-11.052)/32.547
=-0.34

where

Operating Assets(Q: Aug. 2020 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=30.698 - 30.697
=0.00099999999999767

Operating Liabilities(Q: Aug. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11.052 - 0 - 0
=11.052

* 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.

What does a Scaled Net Operating Assets of -0.34 mean?
Allbanc Split II (TSX:ALB.PR.C.PFD) has a Scaled Net Operating Assets of -0.34 as of Aug. 2020. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Allbanc Split II and its competitors.
Is Allbanc Split II's Scaled Net Operating Assets too high?
Allbanc Split II's current Scaled Net Operating Assets is -0.34.
How does Allbanc Split II's Scaled Net Operating Assets compare to competitors?
Allbanc Split II's Scaled Net Operating Assets of -0.34 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Allbanc Split II and its competitors. Allbanc Split II's current Scaled Net Operating Assets is -0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allbanc Split II stock overvalued right now?
Allbanc Split II (TSX:ALB.PR.C.PFD) has a current Scaled Net Operating Assets of -0.34. The current Scaled Net Operating Assets is -0.34. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Allbanc Split II (TSX:ALB.PR.C.PFD), the current Scaled Net Operating Assets is -0.34 as of Aug. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Allbanc Split II Business Description

Address 150 King Street West, 18th Floor, Toronto, ON, CAN, M5H 1J9
Allbanc Split Corp II is a Canada based company. It holds a portfolio of common shares of Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, The Bank of Nova Scotia, Royal Bank of Canada, and Toronto-Dominion Bank. The objective of the company is to invest in portfolio shares and not engage in trading.