Thanks! It looks like it can't cover the back fully the way it covers the front, right? IE the back part is only as a stand and not for protection.
Sort of correct, it only covers the front or the back (exclusive or), not both simultaneously. So when it's being used as a hand-held tablet the back will be covered, but when it's used as a stand the back is mostly uncovered, and when the front is covered the back is uncovered.
https://www.apple.com/shop/product/MQ4L2ZM/A/ipad-smart-cove...
Magnetically attached to an edge, only covers the front when "closed", the back when open, or can be folded up to provide a stand.