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Portman Ridge Finance (Portman Ridge Finance) Scaled Net Operating Assets : 0.87 (As of Mar. 2024)


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What is Portman Ridge Finance 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.

Portman Ridge Finance's operating assets for the quarter that ended in Mar. 2024 was $506.55 Mil. Portman Ridge Finance's operating liabilities for the quarter that ended in Mar. 2024 was $27.91 Mil. Portman Ridge Finance's Total Assets for the quarter that ended in Dec. 2023 was $549.24 Mil. Therefore, Portman Ridge Finance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.87.

Portman Ridge Finance 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.

Portman Ridge Finance's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(522.327-13.311)/619.486
=0.82

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=549.239 - 26.912
=522.327

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=335.721 - 322.41 - 0
=13.311

Portman Ridge Finance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(506.553-27.912)/549.239
=0.87

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=527.382 - 20.829
=506.553

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=316.775 - 288.863 - 0
=27.912

* 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.

Portman Ridge Finance Scaled Net Operating Assets Related Terms

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Portman Ridge Finance (Portman Ridge Finance) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Portman Ridge Finance Corp (NAS:PTMN) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
KJ7A:Germany
Address
650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022
Website
https://www.portmanridge.com
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