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Utility Split Trust (TSX:UST.PR.B.PFD) Scaled Net Operating Assets : -0.33 (As of Jun. 2016)


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What is Utility Split 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.

Utility Split Trust's operating assets for the quarter that ended in Jun. 2016 was C$0.09 Mil. Utility Split Trust's operating liabilities for the quarter that ended in Jun. 2016 was C$6.55 Mil. Utility Split Trust's Total Assets for the quarter that ended in Dec. 2015 was C$19.48 Mil. Therefore, Utility Split Trust's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2016 was -0.33.

Utility Split 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.

Utility Split Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2015 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2015 )
=(Operating Assets (A: Dec. 2015 )-Operating Liabilities (A: Dec. 2015 ))/Total Assets (A: Dec. 2014 )
=(14.4-7.646)/24.373
=0.28

where

Operating Assets(A: Dec. 2015 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=19.481 - 5.081
=14.4

Operating Liabilities(A: Dec. 2015 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.646 - 0 - 0
=7.646

Utility Split Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2016 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2016 )
=(Operating Assets (Q: Jun. 2016 )-Operating Liabilities (Q: Jun. 2016 ))/Total Assets (Q: Dec. 2015 )
=(0.094000000000001-6.545)/19.481
=-0.33

where

Operating Assets(Q: Jun. 2016 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=18.027 - 17.933
=0.094000000000001

Operating Liabilities(Q: Jun. 2016 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.545 - 0 - 0
=6.545

* 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.

Utility Split Trust Scaled Net Operating Assets Related Terms

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Utility Split Trust (TSX:UST.PR.B.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Utility Split Trust (TSX:UST.PR.B.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
Website
http://www.firstasset.com
Utility Split Trust was formed on October 24, 2006 and is domiciled in Canada. It is a close ended equity mutual fund of fund launched by First Asset Fund Inc. The fund is managed by First Asset Investment Management Inc. It invests in funds investing in the public equity markets. The fund also makes direct investments in the public equity markets. It seeks to invest in stocks of companies engaged in the utilities sector.