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Angel Oak Financial Stratsome Term (Angel Oak Financial Stratsome Term) Scaled Net Operating Assets : 1.00 (As of Jan. 2024)


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What is Angel Oak Financial Stratsome Term 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.

Angel Oak Financial Stratsome Term's operating assets for the quarter that ended in Jan. 2024 was $487.23 Mil. Angel Oak Financial Stratsome Term's operating liabilities for the quarter that ended in Jan. 2024 was $0.96 Mil. Angel Oak Financial Stratsome Term's Total Assets for the quarter that ended in Jul. 2023 was $485.81 Mil. Therefore, Angel Oak Financial Stratsome Term's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 1.00.

Angel Oak Financial Stratsome Term 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.

Angel Oak Financial Stratsome Term's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2024 )
=(Operating Assets (A: Jan. 2024 )-Operating Liabilities (A: Jan. 2024 ))/Total Assets (A: Jan. 2023 )
=(487.233-0.964)/524.09
=0.93

where

Operating Assets(A: Jan. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=487.233 - 0
=487.233

Operating Liabilities(A: Jan. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=140.251 - 139.287 - 0
=0.964

Angel Oak Financial Stratsome Term's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2024 )
=(Operating Assets (Q: Jan. 2024 )-Operating Liabilities (Q: Jan. 2024 ))/Total Assets (Q: Jul. 2023 )
=(487.233-0.964)/485.811
=1.00

where

Operating Assets(Q: Jan. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=487.233 - 0
=487.233

Operating Liabilities(Q: Jan. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=140.251 - 139.287 - 0
=0.964

* 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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Angel Oak Financial Stratsome Term (Angel Oak Financial Stratsome Term) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Angel Oak Financial Strats Income Term (NYSE:FINS) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326
Website
https://www.angeloakcapital.com
Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.
Executives
Kevin Parks other: Portfolio Manager Affil. Fund 145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019
William Eldredge officer: Chief Compliance Officer C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Angel Oak Capital Partners Ii, Llc other: General Partner of Adviser 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309
Kevin Sluss officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Navid Abghari other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sun Life Financial Inc 10 percent owner SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada 10 percent owner ONE YORK STREET, TORONTO A6 M5J 0B6
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Michael Fierman other: Investment Adviser Principal ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Daniel Asher 10 percent owner 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Angel Oak Capital Advisors, Llc other: Investment Adviser ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240
John R Hsu officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Cheryl Pate other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sreeniwas Prabhu director ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Johannes Palsson other: Portfolio Manager 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326