Life & Banc Split (TSX:LBS.PR.A) Scaled Net Operating Assets : 0.45 (As of Dec. 2023)

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What is Life & Banc Split 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.

Life & Banc Split's operating assets for the quarter that ended in Dec. 2023 was C$727.34 Mil. Life & Banc Split's operating liabilities for the quarter that ended in Dec. 2023 was C$420.58 Mil. Life & Banc Split's Total Assets for the quarter that ended in Jun. 2023 was C$688.15 Mil. Therefore, Life & Banc Split's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.45.

Life & Banc Split 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.

Life & Banc Split'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 )
=	(727.342	-	420.578)	/	608.193
=	0.50

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	730.283	-	2.941
=	727.342

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	420.578	-	0	-	0
=	420.578

Life & Banc Split'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 )
=	(727.342	-	420.578)	/	688.149
=	0.45

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	730.283	-	2.941
=	727.342

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	420.578	-	0	-	0
=	420.578

* 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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Life & Banc Split (TSX:LBS.PR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Life & Banc Split Corp (TSX:LBS.PR.A) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

LBS:Canada

Address

181 Bay Street, Brookfield Place, Suite 2930, P.O. Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Life & Banc Split Corp is a mutual fund company. Its investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. Primarily, it invests in a portfolio comprising of common shares of Canadian banks and publicly traded Canadian life insurance companies.