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Target Healthcare REIT (LSE:THRL) Scaled Net Operating Assets : 0.99 (As of Dec. 2023)


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What is Target Healthcare REIT 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.

Target Healthcare REIT's operating assets for the quarter that ended in Dec. 2023 was £929.06 Mil. Target Healthcare REIT's operating liabilities for the quarter that ended in Dec. 2023 was £31.77 Mil. Target Healthcare REIT's Total Assets for the quarter that ended in Jun. 2023 was £908.26 Mil. Therefore, Target Healthcare REIT's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.99.

Target Healthcare REIT 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.

Target Healthcare REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2023 )
=(Operating Assets (A: Jun. 2023 )-Operating Liabilities (A: Jun. 2023 ))/Total Assets (A: Jun. 2022 )
=(892.892-26.399)/963.658
=0.90

where

Operating Assets(A: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=908.258 - 15.366
=892.892

Operating Liabilities(A: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=253.45 - 227.051 - 0
=26.399

Target Healthcare REIT'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 )
=(929.059-31.773)/908.258
=0.99

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=946.69 - 17.631
=929.059

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=281.636 - 249.863 - 0
=31.773

* 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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Target Healthcare REIT (LSE:THRL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Target Healthcare REIT PLC (LSE:THRL) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
THRLl:UK
Address
69 Old Broad Street, Level 4, Dashwood House, London, GBR, EC2M 1QS
Website
https://www.targethealthcarereit.co.uk
Target Healthcare REIT PLC is a closed-ended investment company, which acts as a long-term investor in care homes in the UK. The investment objective of the company is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long-leasehold care homes. The company pursues its objective by investing in a portfolio of care homes, in the United Kingdom, that are let to care home operators on repairing and insuring leases.