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Tri-Continental (Tri-Continental) Scaled Net Operating Assets : 1.02 (As of Dec. 2023)


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What is Tri-Continental 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.

Tri-Continental's operating assets for the quarter that ended in Dec. 2023 was $1,753.2 Mil. Tri-Continental's operating liabilities for the quarter that ended in Dec. 2023 was $4.4 Mil. Tri-Continental's Total Assets for the quarter that ended in Jun. 2023 was $1,707.2 Mil. Therefore, Tri-Continental's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 1.02.

Tri-Continental 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.

Tri-Continental'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 )
=(1753.15-4.422)/1616.451
=1.08

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1753.15 - 0
=1753.15

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.422 - 0 - 0
=4.422

Tri-Continental'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 )
=(1753.15-4.422)/1707.238
=1.02

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1753.15 - 0
=1753.15

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.422 - 0 - 0
=4.422

* 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.

Tri-Continental Scaled Net Operating Assets Related Terms

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Tri-Continental (Tri-Continental) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tri-Continental Corp (NYSE:TY) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
TYp.PFD:USA
Address
290 Congress Street, Boston, MA, USA, 02110
Website
https://www.columbiathreadneedleus.com
Tri-Continental Corp is a United States-based closed-end management investment company. It invests to produce future growth of both capital and income while providing reasonable current income. The fund is divided into two equal segments namely, the equity segment uses quantitative models to select individual stocks whereas the Flexible capital income segment invests across a company's investable capital structure, including stocks, bonds, and convertible securities. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, industrials, materials, real estate, telecommunication services, utilities, aerospace and defense, banking, chemicals, and others.
Executives
Janet Carrig director ONE SOUTH WACKER DRIVE SUITE 3200, CHICAGO IL 60606
Raghavendran Sivaraman other: Portfolio Manager of Issuer 225 FRANKLIN STREET, BOSTON MA 02110
Douglas A Hacker director P O BOX 66100-WHQLD, CHICAGO IL 60666
Oleg Nusinzon other: Portfolio Manager of Issuer 225 FRANKLIN ST, BOSTON MA 02110
Gene R Tannuzzo other: Man Dir/GL HD of FI Issuer IA 225 FRANKLIN ST., BOSTON MA 02110
Christopher O. Petersen officer: Vice President and Secretary 5228 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Grace Lee other: Portfolio Manager of Issuer 225 FRANKLIN STREET, BOSTON MA 02110
Brian M. Engelking other: Dir., VP & CFO of Issuer's IA 225 FRANKLIN STREET, BOSTON MA 02110
Sandra Yeager director 225 FRANKLIN ST., BOSTON MA 02110
Jonathan C Cleasby other: Dir., VP & CFO of Issuer's IA 225 FRANKLIN ST., BOSTON MA 02110
David L King other: Portfolio Manager of Issuer C/O PUTNAM LLC, ONE POST OFFICE SQUARE L5, BOSTON MA 02109
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Daniel Beckman officer: Senior Vice President 225 FRANKLIN STREET, BOSTON MA 02110
Brian J Gallagher director 225 FRANKLIN STREET, BOSTON MA 02110
Anthony M Santomero director RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM 19