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Canadian Life Split (TSX:LFE) Scaled Net Operating Assets : 0.23 (As of May. 2024)


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What is Canadian Life 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.

Canadian Life Split's operating assets for the quarter that ended in May. 2024 was C$144.75 Mil. Canadian Life Split's operating liabilities for the quarter that ended in May. 2024 was C$105.50 Mil. Canadian Life Split's Total Assets for the quarter that ended in Nov. 2023 was C$167.87 Mil. Therefore, Canadian Life Split's scaled net operating assets (SNOA) for the quarter that ended in May. 2024 was 0.23.

Canadian Life 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.

Canadian Life 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 )
=(159.077-117.517)/170.815
=0.24

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=167.868 - 8.791
=159.077

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=117.517 - 0 - 0
=117.517

Canadian Life Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2024 )
=(Operating Assets (Q: May. 2024 )-Operating Liabilities (Q: May. 2024 ))/Total Assets (Q: Nov. 2023 )
=(144.749-105.501)/167.868
=0.23

where

Operating Assets(Q: May. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=154.673 - 9.924
=144.749

Operating Liabilities(Q: May. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=105.501 - 0 - 0
=105.501

* 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 Life Split Scaled Net Operating Assets Related Terms

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Canadian Life Split Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Life Companies Split Corp (TSX:LFE) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
CLSPF:USA LFE.PR.B.PFD:Canada
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Website
https://www.quadravest.com
Canadian Life Companies Split Corp is an investment management firm. The company invests in an actively managed portfolio of common shares comprised of four core large-capitalization Canadian life insurance companies. The firm's objective is to provide holders of Preferred shares with a cumulative preferential floating rate monthly dividend.