COVA Acquisition (COVA Acquisition) Scaled Net Operating Assets : 0.95 (As of Sep. 2022)

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What is COVA Acquisition 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.

COVA Acquisition's operating assets for the quarter that ended in Sep. 2022 was $302.21 Mil. COVA Acquisition's operating liabilities for the quarter that ended in Sep. 2022 was $14.83 Mil. COVA Acquisition's Total Assets for the quarter that ended in Jun. 2022 was $301.12 Mil. Therefore, COVA Acquisition's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2022 was 0.95.

COVA Acquisition Scaled Net Operating Assets Historical Data

The historical data trend for COVA Acquisition's Scaled Net Operating Assets can be seen below:

* 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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COVA Acquisition Scaled Net Operating Assets Chart

COVA Acquisition Annual Data

Trend

Dec20

Dec21

Scaled Net Operating Assets

0.17

1,117.05

COVA Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Scaled Net Operating Assets	Get a 7-Day Free Trial			0.92	0.92	0.95	0.94	0.95

Competitive Comparison of COVA Acquisition's Scaled Net Operating Assets

For the Shell Companies subindustry, COVA Acquisition's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

COVA Acquisition's Scaled Net Operating Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, COVA Acquisition's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where COVA Acquisition's Scaled Net Operating Assets falls into.

COVA Acquisition 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.

COVA Acquisition's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2021 )
=	(Operating Assets (A: Dec. 2021 )	-	Operating Liabilities (A: Dec. 2021 ))	/	Total Assets (A: Dec. 2020 )
=	(300.918	-	22.773)	/	0.249
=	1,117.05

where

	Operating Assets		(A: Dec. 2021 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	300.925	-	0.007
=	300.918

	Operating Liabilities		(A: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	22.773	-	0	-	0
=	22.773

COVA Acquisition's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2022 )
=	(Operating Assets (Q: Sep. 2022 )	-	Operating Liabilities (Q: Sep. 2022 ))	/	Total Assets (Q: Jun. 2022 )
=	(302.214	-	14.832)	/	301.123
=	0.95

where

	Operating Assets		(Q: Sep. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	302.216	-	0.002
=	302.214

	Operating Liabilities		(Q: Sep. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15.786	-	0	-	0.954
=	14.832

COVA Acquisition Scaled Net Operating Assets Related Terms

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