Apollo Senior Floating Rate Fund (Apollo Senior Floating Rate Fund) Enterprise Value : $320.97 Mil (As of Apr. 30, 2024)

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What is Apollo Senior Floating Rate Fund Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Apollo Senior Floating Rate Fund's Enterprise Value is $320.97 Mil. Apollo Senior Floating Rate Fund's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $38.20 Mil. Therefore, Apollo Senior Floating Rate Fund's EV-to-Revenue ratio for today is 8.40.

Apollo Senior Floating Rate Fund Enterprise Value Historical Data

The historical data trend for Apollo Senior Floating Rate Fund's Enterprise Value 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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Apollo Senior Floating Rate Fund Enterprise Value Chart

Apollo Senior Floating Rate Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Enterprise Value

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362.56

340.15

354.59

294.36

304.30

Apollo Senior Floating Rate Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Enterprise Value	Get a 7-Day Free Trial								354.59	328.04	294.36	328.61	304.30

Competitive Comparison of Apollo Senior Floating Rate Fund's Enterprise Value

For the Asset Management subindustry, Apollo Senior Floating Rate Fund's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.

Apollo Senior Floating Rate Fund's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Apollo Senior Floating Rate Fund's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Apollo Senior Floating Rate Fund's Enterprise Value falls into.

Apollo Senior Floating Rate Fund Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Apollo Senior Floating Rate Fund's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

	Enterprise Value (A: Dec. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	206.3502	+	0	+	129.901
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	31.949
=	304.30

Apollo Senior Floating Rate Fund's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

	Enterprise Value (Q: Dec. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	206.3502	+	0	+	129.901
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	31.949
=	304.30

Apollo Senior Floating Rate Fund (NYSE:AFT) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Apollo Senior Floating Rate Fund's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	320.965	/	38.197
	=	8.40

Apollo Senior Floating Rate Fund's current Enterprise Value is $320.97 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Apollo Senior Floating Rate Fund's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $38.20 Mil.

Apollo Senior Floating Rate Fund Enterprise Value Related Terms

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Apollo Senior Floating Rate Fund (Apollo Senior Floating Rate Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, New York, NY, USA, 10019

Website

https://www.apollofunds.com

Apollo Senior Floating Rate Fund Inc.is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and preservation of capital by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar economic characteristics. Senior loans typically hold a first lien priority and pay floating rates of interest, generally quoted as a spread over a reference floating rate benchmark. Under normal market conditions, the Fund invests at least 80% of its managed assets (which includes leverage) in floating rate senior loans and investments with similar economic characteristics.

Executives

James Vanek	officer: See Remarks	9 W 57TH STREET, FLOOR 41, NEW YORK NY 10019
Ryan Delgiudice	officer: See Remarks	1520 E. GRAND AVENUE, EL SEGUNDO CA 90245
Kristin Hester	officer: See Remarks	9 WEST 57TH STREET, NEW YORK NY 10019
Robert L Borden	director	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Seifert Kenneth Lee Jr.	officer: See Remarks	9 WEST 57TH STREET, NEW YORK NY 10019
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Joseph A. Moroney	officer: President and CIO	C/O APOLLO SENIOR FLOATING RATE FUND, 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Total Return Master Fund L.p.	other: See Remarks	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10057
Frank F Marra	officer: Treasurer and CFO	APOLLO GLOBAL MANAGEMENT, 730 FIFTH AVE, 11TH FLOOR, NEW YORK NY 10019
Elliot Jr Stein	director	C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Barry J. Cohen	director	C/O APOLLO SENIOR FLOATING RATE FUND INC, 9 WEST 57TH STREET, NEW YORK NY 10019
John J Hannan	director	9 WEST 57TH STREET, NEW YORK NY 10019
Todd J Slotkin	director	35 EAST 62ND STREET, NEW YORK NY 10021
Glenn N Marchak	director	CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902