M Split (TSX:XMF.PR.B.PFD) Scaled Net Operating Assets : -0.05 (As of Nov. 2023)

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What is M 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.

M Split's operating assets for the quarter that ended in Nov. 2023 was C$14.38 Mil. M Split's operating liabilities for the quarter that ended in Nov. 2023 was C$15.14 Mil. M Split's Total Assets for the quarter that ended in May. 2023 was C$14.50 Mil. Therefore, M Split's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was -0.05.

M 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.

M 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 )
=	(14.375	-	15.141)	/	14.513
=	-0.05

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15.141	-	0.766
=	14.375

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15.141	-	0	-	0
=	15.141

M Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Nov. 2023 )
=	(Operating Assets (Q: Nov. 2023 )	-	Operating Liabilities (Q: Nov. 2023 ))	/	Total Assets (Q: May. 2023 )
=	(14.375	-	15.141)	/	14.495
=	-0.05

where

	Operating Assets		(Q: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15.141	-	0.766
=	14.375

	Operating Liabilities		(Q: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15.141	-	0	-	0
=	15.141

* 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.

M Split Scaled Net Operating Assets Related Terms

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M Split (TSX:XMF.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M Split Corp (TSX:XMF.PR.B.PFD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

XMF.PR.C.PFD:Canada XMF.A:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

M Split Corp is a mutual fund corporation established in Canada. The fund seeks to provide holders with regular monthly cash dividends. In order to achieve its objectives, the company will invest the net proceeds of the offerings in common shares of Manulife.