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ICG-Longbow Senior Secured UK Prop Debt Inv (LSE:LBOW) Sloan Ratio % : 0.00% (As of Jan. 2024)


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What is ICG-Longbow Senior Secured UK Prop Debt Inv Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio for the quarter that ended in Jan. 2024 was 0.00%.

As of Jan. 2024, ICG-Longbow Senior Secured UK Prop Debt Inv has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


ICG-Longbow Senior Secured UK Prop Debt Inv Sloan Ratio % Historical Data

The historical data trend for ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio % 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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ICG-Longbow Senior Secured UK Prop Debt Inv Sloan Ratio % Chart

ICG-Longbow Senior Secured UK Prop Debt Inv Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Sloan Ratio %
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ICG-Longbow Senior Secured UK Prop Debt Inv Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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Competitive Comparison of ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio %

For the Asset Management subindustry, ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.


ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio % falls into.



ICG-Longbow Senior Secured UK Prop Debt Inv Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Sloan Ratio=(Net Income (A: Jan. 2024 )-Cash Flow from Operations (A: Jan. 2024 )
-Cash Flow from Investing (A: Jan. 2024 ))/Total Assets (A: Jan. 2024 )
=(-24.876-9.991
-0)/36.616
=-95.22%

ICG-Longbow Senior Secured UK Prop Debt Inv's Sloan Ratio for the quarter that ended in Jan. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jan. 2024 )
=(-24.876-9.99
-0)/36.616
=-95.22%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. ICG-Longbow Senior Secured UK Prop Debt Inv's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was -14.71 (Jul. 2023 ) + -10.166 (Jan. 2024 ) = £-24.88 Mil.
ICG-Longbow Senior Secured UK Prop Debt Inv's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was 9.417 (Jul. 2023 ) + 0.573 (Jan. 2024 ) = £9.99 Mil.
ICG-Longbow Senior Secured UK Prop Debt Inv's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was 0 (Jul. 2023 ) + 0 (Jan. 2024 ) = £0.00 Mil.

* 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.


ICG-Longbow Senior Secured UK Prop Debt Inv  (LSE:LBOW) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Jan. 2024, ICG-Longbow Senior Secured UK Prop Debt Inv has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


ICG-Longbow Senior Secured UK Prop Debt Inv Sloan Ratio % Related Terms

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ICG-Longbow Senior Secured UK Prop Debt Inv (LSE:LBOW) Business Description

Traded in Other Exchanges
Address
Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY
ICG-Longbow Senior Secured UK Prop Debt Inv Ltd is a Guernsey registered closed-ended investment company. Its investment objective is to construct a portfolio of good quality, defensive, senior debt investments secured by first ranking fixed charges predominantly against UK commercial property investments providing target dividends of circa 6% per annum on the IPO issue price, paid quarterly, with an underlying target portfolio IRR of 8% per annum. The company's investment policy is to invest in a loan portfolio comprised of senior loans to property investors secured on UK commercial property with some potential exposure to UK investment residential property. The portfolio of the company is managed by Intermediate Capital Managers Limited.

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