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S Split (TSX:SBN.PR.A.PFD) Scaled Net Operating Assets : 0.16 (As of Dec. 2023)


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What is S 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.

S Split's operating assets for the quarter that ended in Dec. 2023 was C$5.13 Mil. S Split's operating liabilities for the quarter that ended in Dec. 2023 was C$4.20 Mil. S Split's Total Assets for the quarter that ended in Jun. 2023 was C$5.84 Mil. Therefore, S Split's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.16.

S 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.

S Split'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 )
=(5.134-4.196)/5.943
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5.136 - 0.002
=5.134

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.196 - 0 - 0
=4.196

S Split'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 )
=(5.134-4.196)/5.837
=0.16

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5.136 - 0.002
=5.134

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.196 - 0 - 0
=4.196

* 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.

S Split Scaled Net Operating Assets Related Terms

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S Split (TSX:SBN.PR.A.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » S Split Corp (TSX:SBN.PR.A.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
SBN:Canada
Address
121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9
Website
https://www.mulvihill.com
S Split Corp is a mutual fund corporation. The Fund invests in common shares of The Bank of Nova Scotia (BNS) and may also invest up to 10 percent of its net assets to purchase call options in respect of securities in which the Fund is permitted to invest. The Fund employs an active covered call strategy to enhance the income generated by the BNS shares and to reduce volatility. In addition, the Fund may write cash-covered put options in respect of securities in which it is permitted to invest.