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SOL Global Investments (XCNQ:SOL) Scaled Net Operating Assets : 0.40 (As of Aug. 2024)


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What is SOL Global Investments 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.

SOL Global Investments's operating assets for the quarter that ended in Aug. 2024 was C$82.38 Mil. SOL Global Investments's operating liabilities for the quarter that ended in Aug. 2024 was C$48.44 Mil. SOL Global Investments's Total Assets for the quarter that ended in May. 2024 was C$85.52 Mil. Therefore, SOL Global Investments's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2024 was 0.40.

SOL Global Investments 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.

SOL Global Investments'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 )
=(106.282-66.514)/153.125
=0.26

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=106.396 - 0.114
=106.282

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.684 - 32.17 - 0
=66.514

SOL Global Investments's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Aug. 2024 )
=(Operating Assets (Q: Aug. 2024 )-Operating Liabilities (Q: Aug. 2024 ))/Total Assets (Q: May. 2024 )
=(82.375-48.443)/85.518
=0.40

where

Operating Assets(Q: Aug. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=82.4 - 0.025
=82.375

Operating Liabilities(Q: Aug. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=77.476 - 29.033 - 0
=48.443

* 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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SOL Global Investments Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SOL Global Investments Corp (XCNQ:SOL) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
SOLCF:USA 9SB:Germany
Address
100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9
Website
https://www.solglobal.com
SOL Global Investments Corp is a cannabis company with a focus on legal U.S. states. Its strategic investments and partnerships across cultivation, distribution and retail complement the company's R&D program with the University of Miami. It is also involved in Retail, Agriculture, Quick Service Restaurants & Hospitality, Media Technology & Gaming, Energy and New Age Wellness.
Executives
Andrew A. Defrancesco 10% Security Holder
Olivier Marc Centner Director