GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (TSX:BK.PR.A.PFD) » Definitions » Scaled Net Operating Assets

Canadian Banc (TSX:BK.PR.A.PFD) Scaled Net Operating Assets : 0.09 (As of Nov. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Canadian Banc 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.

Canadian Banc's operating assets for the quarter that ended in Nov. 2023 was C$434.40 Mil. Canadian Banc's operating liabilities for the quarter that ended in Nov. 2023 was C$393.19 Mil. Canadian Banc's Total Assets for the quarter that ended in May. 2023 was C$439.90 Mil. Therefore, Canadian Banc's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 0.09.

Canadian Banc 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.

Canadian Banc'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 )
=(434.402-393.185)/353.118
=0.12

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=630.283 - 195.881
=434.402

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=393.185 - 0 - 0
=393.185

Canadian Banc'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 )
=(434.402-393.185)/439.896
=0.09

where

Operating Assets(Q: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=630.283 - 195.881
=434.402

Operating Liabilities(Q: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=393.185 - 0 - 0
=393.185

* 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.

Canadian Banc Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Canadian Banc's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Banc (TSX:BK.PR.A.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (TSX:BK.PR.A.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
TSX:FFN TSX:ENS TSX:OLY TSX:LBS.PR.A TSX:HFPC.U TSX:PTI.UN TSX:AIM TSX:FTN TSX:URB.A TSX:QRC BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
CNDCF:USA BK:Canada
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Website
https://www.quadravest.com
Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of 6 Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.