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Canoe EITome Fund (TSX:EIT.UN) Scaled Net Operating Assets : 0.95 (As of Dec. 2023)


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What is Canoe EITome Fund 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.

Canoe EITome Fund's operating assets for the quarter that ended in Dec. 2023 was C$2,643.7 Mil. Canoe EITome Fund's operating liabilities for the quarter that ended in Dec. 2023 was C$242.3 Mil. Canoe EITome Fund's Total Assets for the quarter that ended in Jun. 2023 was C$2,535.5 Mil. Therefore, Canoe EITome Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.95.

Canoe EITome Fund 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.

Canoe EITome Fund'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 )
=(2643.722-242.313)/2506.108
=0.96

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2658.495 - 14.773
=2643.722

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=338.302 - 95.989 - 0
=242.313

Canoe EITome Fund'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 )
=(2643.722-242.313)/2535.537
=0.95

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2658.495 - 14.773
=2643.722

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=338.302 - 95.989 - 0
=242.313

* 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.

Canoe EITome Fund Scaled Net Operating Assets Related Terms

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Canoe EITome Fund (TSX:EIT.UN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canoe EIT Income Fund (TSX:EIT.UN) » Definitions » Scaled Net Operating Assets
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TSX:CIX TSX:FIH.U TSX:BBUC TSX:CYB TSX:UNC TSX:CVG TSX:SII TSX:GCG TSX:SEC TSX:CGI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
ENDTF:USA EIT.PR.B.PFD:Canada EIT.PR.A.PFD:Canada
Address
421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9
Website
https://www.canoefinancial.com
Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.