MINTome Fund (TSX:MID.UN) Scaled Net Operating Assets : 0.85 (As of Dec. 2023)

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What is MINTome Fund 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.

MINTome Fund's operating assets for the quarter that ended in Dec. 2023 was C$89.44 Mil. MINTome Fund's operating liabilities for the quarter that ended in Dec. 2023 was C$0.59 Mil. MINTome Fund's Total Assets for the quarter that ended in Jun. 2023 was C$104.64 Mil. Therefore, MINTome Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.85.

MINTome Fund 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.

MINTome Fund'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 )
=	(89.437	-	0.595)	/	89.063
=	1.00

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	93.122	-	3.685
=	89.437

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21.022	-	20.427	-	0
=	0.595

MINTome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(89.437	-	0.595)	/	104.638
=	0.85

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	93.122	-	3.685
=	89.437

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21.022	-	20.427	-	0
=	0.595

* 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.

MINTome Fund Scaled Net Operating Assets Related Terms

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MINTome Fund (TSX:MID.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MINT Income Fund (TSX:MID.UN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Canadian Place, 58th Floor, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

MINT Income Fund is a closed-end investment trust. The fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high-income securities on a cost-effective basis. Primarily, it invests in a diversified portfolio of securities consisting of the equity of issuers operating in various industries and geographic regions. Additionally, the fund invests in various sectors, including real estate, financials, pipelines, industrials, healthcare, energy, consumer discretionary, preferred shares, corporate debt, consumer staples, technology, utilities, and metals and mining.