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TYP.PFD (Tri-Continental) Scaled Net Operating Assets : 1.02 (As of Dec. 2024)


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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. 2024 was $1,905.68 Mil. Tri-Continental's operating liabilities for the quarter that ended in Dec. 2024 was $4.31 Mil. Tri-Continental's Total Assets for the quarter that ended in Jun. 2024 was $1,861.70 Mil. Therefore, Tri-Continental's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 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. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(1905.679-4.31)/1753.15
=1.08

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1905.679 - 0
=1905.679

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.31 - 0 - 0
=4.31

Tri-Continental's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Jun. 2024 )
=(1905.679-4.31)/1861.702
=1.02

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1905.679 - 0
=1905.679

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.31 - 0 - 0
=4.31

* 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tri-Continental Corp (NYSE:TYp.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
TY: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.