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Income Financial Trust (TSX:INC.UN) Scaled Net Operating Assets : 1.01 (As of Jun. 2024)


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What is Income Financial Trust 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.

Income Financial Trust's operating assets for the quarter that ended in Jun. 2024 was C$24.19 Mil. Income Financial Trust's operating liabilities for the quarter that ended in Jun. 2024 was C$0.29 Mil. Income Financial Trust's Total Assets for the quarter that ended in Dec. 2023 was C$23.71 Mil. Therefore, Income Financial Trust's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 1.01.

Income Financial Trust 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.

Income Financial Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(22.265-0.369)/24.727
=0.89

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=23.713 - 1.448
=22.265

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.369 - 0 - 0
=0.369

Income Financial Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Dec. 2023 )
=(24.189-0.285)/23.713
=1.01

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=24.853 - 0.664
=24.189

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.285 - 0 - 0
=0.285

* 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.

Income Financial Trust Scaled Net Operating Assets Related Terms

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Income Financial Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Income Financial Trust (TSX:INC.UN) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
200 Front Street West, Suite 2510, Toronto, ON, CAN, M5V 3K2
Website
https://www.quadravest.com
Income Financial Trust is a mutual fund trust. It is managed by Quadravest Capital Management Inc. The trust's investment objective is to provide unitholders with a stable stream of monthly distributions by investing in a diversified portfolio consisting of common shares issued by corporations whose shares are included in the S&P/TSX Capped Financials Index, the S&P 500 Financials Index, or the S&P MidCap 400 Financials Index.