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Tetragon Financial Group (XAMS:TFG) Scaled Net Operating Assets : 0.99 (As of Dec. 2023)


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What is Tetragon Financial Group 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.

Tetragon Financial Group's operating assets for the quarter that ended in Dec. 2023 was $3,082.7 Mil. Tetragon Financial Group's operating liabilities for the quarter that ended in Dec. 2023 was $30.4 Mil. Tetragon Financial Group's Total Assets for the quarter that ended in Jun. 2023 was $3,087.1 Mil. Therefore, Tetragon Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.99.

Tetragon Financial Group 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.

Tetragon Financial Group'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 )
=(3082.7-30.4)/2974.2
=1.03

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3105.8 - 23.1
=3082.7

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=280.4 - 250 - 0
=30.4

Tetragon Financial Group'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 )
=(3082.7-30.4)/3087.1
=0.99

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3105.8 - 23.1
=3082.7

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=280.4 - 250 - 0
=30.4

* 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.

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Tetragon Financial Group (XAMS:TFG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tetragon Financial Group Ltd (XAMS:TFG) » Definitions » Scaled Net Operating Assets
Comparable Companies
XAMS:VTA XAMS:VALUE XAMS:ECT BLK BX KKR OSTO:INVE A APO TSX:BN AMP BK OSTO:EQT XSWX:PGHN LSE:III TROW BOM:543940 ARES STT PFG LSE:LGEN
Traded in Other Exchanges
TFG:UK
Address
La Charroterie, Mill Court, St. Peter Port, GGY, GY1 1EJ
Website
https://www.tetragoninv.com
Tetragon Financial Group Ltd is a Guernsey closed-ended investment company. The company's investment objective is to generate distributable income and capital appreciation. It provides stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. The firm's investment portfolio comprises of assets, including a diversified alternative asset management business, TFG Asset Management, and covers bank loans, real estate, equities, credit, convertible bonds, and infrastructure.