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Portman Ridge Finance (Portman Ridge Finance) Accounts Receivable : $0.00 Mil (As of Mar. 2024)


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What is Portman Ridge Finance Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Portman Ridge Finance's accounts receivables for the quarter that ended in Mar. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Portman Ridge Finance's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Portman Ridge Finance's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-31.71.


Portman Ridge Finance Accounts Receivable Historical Data

The historical data trend for Portman Ridge Finance's Accounts Receivable 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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Portman Ridge Finance Accounts Receivable Chart

Portman Ridge Finance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Portman Ridge Finance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Portman Ridge Finance Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Portman Ridge Finance Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Portman Ridge Finance's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/5.852*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Portman Ridge Finance's accounts receivable are only considered to be worth 75% of book value:

Portman Ridge Finance's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(20.829+0.75 * 0+0.5 * 0-316.775
-0-0)/9.33212
=-31.71

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Portman Ridge Finance Accounts Receivable Related Terms

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Portman Ridge Finance (Portman Ridge Finance) Business Description

Traded in Other Exchanges
Address
650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022
Portman Ridge Finance Corp Inc is a non-diversified closed-end investment company. The primary investment objective of the firm is to generate current income and capital appreciation by lending directly to privately-held middle-market companies. It invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies, asset management companies, and debt and subordinated securities.
Executives
Repertoire Partners Lp 10 percent owner 31 HUDSON YARDS, 11TH FLOOR SUITE #43, NEW YORK NY 10001
Repertoire Master Fund Lp 10 percent owner 345 CALIFORNIA STREET, SUITE 600, SAN FRANCISCO CA 94104
Tricia Nicole Hazelwood director 154 EAST 66TH STREET, NEW YORK NY 10065
Jennifer Kwon Chou director C/O THE GORES GROUP, 9800 WILSHIRE BOULEVARD, BEVERLY HILLS CA 90212
Patrick Schafer officer: Chief Investment Officer 650 MADISON AVENUE, NEW YORK NY 10022
David Held officer: Chief Compliance Officer 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Jason T Roos officer: CFO, Treasurer and Secretary 23 SPRINGHURST ROAD, BEDFORD HILLS NY 10507
Joseph Morea director C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458
Matthew Joseph Westwood director 56 WATERFRONT DRIVE, PITTSBURGH PA 15222
Edward J. Goldthorpe director, officer: President, CEO 650 MADISON AVENUE, NEW YORK NY 10022
Robert Herman Warshauer director 8 GOLDEN POND ROAD, WEST HARRISON NY 10604
Alexander Duka director 650 MADISON AVENUE, NEW YORK NY 10022
Christopher Lacovara director C/O KATY INDUSTRIES INC, 765 STRAITS TURNPIKE STE 2000, MIDDLEBURY CT 06762
Andrew Devine officer: Chief Compliance Officer 650 MADISON AVENUE, NEW YORK NY 10022
George Grunebaum director C/O ASHMORE INVESTMENT MANAGEMENT LTD., 61 ALDWYCH, LONDON X0 WC2B 4AE