XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Scaled Net Operating Assets : 1.09 (As of Sep. 2023)

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What is XAI Octagon Floating Rate & Alternativeome Trust 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.

XAI Octagon Floating Rate & Alternativeome Trust's operating assets for the quarter that ended in Sep. 2023 was $541.88 Mil. XAI Octagon Floating Rate & Alternativeome Trust's operating liabilities for the quarter that ended in Sep. 2023 was $94.55 Mil. XAI Octagon Floating Rate & Alternativeome Trust's Total Assets for the quarter that ended in Mar. 2023 was $411.89 Mil. Therefore, XAI Octagon Floating Rate & Alternativeome Trust's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 1.09.

XAI Octagon Floating Rate & Alternativeome Trust 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.

XAI Octagon Floating Rate & Alternativeome Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(541.881	-	94.549)	/	404.981
=	1.10

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	543.096	-	1.215
=	541.881

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	244.815	-	150.266	-	0
=	94.549

XAI Octagon Floating Rate & Alternativeome Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(541.881	-	94.549)	/	411.893
=	1.09

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	543.096	-	1.215
=	541.881

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	244.815	-	150.266	-	0
=	94.549

* 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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XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

321 North Clark Street, Suite 2430, Chicago, IL, USA, 60654

Website

https://www.xainvestments.com

XAI Octagon FR & Alt Income Term Trust is a diversified, closed-end management investment company. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.

Executives

Theodore J Brombach	officer: President & CEO, other: Interested Trustee	321 N. CLARK STREET, CHICAGO IL 60054
John Yogi Spence	officer: CFO & Treasurer	321 N. CLARK STREET, CHICAGO IL 60054
Randi Jean Roessler	officer: Chief Compliance Officer	C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Benjamin Mcculloch	officer: Secretary & CLO	321 NORTH CLARK STREET, SUITE 2430, CHICAGO IL 60654
John P Mcgarrity	officer: Chief Legal & Secretary	321 N. CLARK STREET, CHICAGO IL 60054
Eagle Point Credit Management Llc	10 percent owner	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Ep Dif Cayman I Lp	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Core Income Fund Lp	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Cif Gp I Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Dif Gp I Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Sean Michael Gleason	other: Sub-Adviser Inv Comm Member	250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Philip G Franklin	other: Trustee	C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Andrew David Gordon	other: Sub-Adviser Inv Comm Member	250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Scott C Jones	other: Trustee	C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Maegan Gallagher Boger	other: Sub-Adviser Inv Comm Member	250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177