Redwood Monthlyome Fund (TSX:VIP.UN) Scaled Net Operating Assets : 0.65 (As of Dec. 2017)

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What is Redwood Monthlyome 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.

Redwood Monthlyome Fund's operating assets for the quarter that ended in Dec. 2017 was C$107.63 Mil. Redwood Monthlyome Fund's operating liabilities for the quarter that ended in Dec. 2017 was C$0.95 Mil. Redwood Monthlyome Fund's Total Assets for the quarter that ended in Jun. 2017 was C$165.00 Mil. Therefore, Redwood Monthlyome Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2017 was 0.65.

Redwood Monthlyome 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.

Redwood Monthlyome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2017 )
=	(Operating Assets (A: Dec. 2017 )	-	Operating Liabilities (A: Dec. 2017 ))	/	Total Assets (A: Dec. 2016 )
=	(107.627	-	0.95)	/	165.395
=	0.64

where

	Operating Assets		(A: Dec. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	131.665	-	24.038
=	107.627

	Operating Liabilities		(A: Dec. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.95	-	0	-	0
=	0.95

Redwood Monthlyome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2017 )
=	(Operating Assets (Q: Dec. 2017 )	-	Operating Liabilities (Q: Dec. 2017 ))	/	Total Assets (Q: Jun. 2017 )
=	(107.627	-	0.95)	/	165.002
=	0.65

where

	Operating Assets		(Q: Dec. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	131.665	-	24.038
=	107.627

	Operating Liabilities		(Q: Dec. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.95	-	0	-	0
=	0.95

* 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.

Redwood Monthlyome Fund Scaled Net Operating Assets Related Terms

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Redwood Monthlyome Fund Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Adelaide Street West, Suite 1700, P.O. Box 83, Toronto, ON, CAN, M5H 3P5

Website

http://www.redwoodasset.com

Redwood Monthly Income Fund is a balanced mutual fund. The company provides a high level of income through receipt of monthly distributions. The company invests in a diversified portfolio of high-income investments. The company also invests in dividend-paying equity securities, as well as fixed income securities.