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Portman Ridge Finance (FRA:KJ7A) Change In Receivables : €-1.43 Mil (TTM As of Mar. 2024)


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What is Portman Ridge Finance Change In Receivables?

Portman Ridge Finance's change in receivables for the quarter that ended in Mar. 2024 was €-0.41 Mil. It means Portman Ridge Finance's Accounts Receivable increased by €0.41 Mil from Dec. 2023 to Mar. 2024 .

Portman Ridge Finance's change in receivables for the fiscal year that ended in Dec. 2023 was €0.20 Mil. It means Portman Ridge Finance's Accounts Receivable declined by €0.20 Mil from Dec. 2022 to Dec. 2023 .

Portman Ridge Finance's Accounts Receivable for the quarter that ended in Mar. 2024 was €0.00 Mil.

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 Receivable are being managed. Portman Ridge Finance's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Portman Ridge Finance's liquidation value for the three months ended in Mar. 2024 was €-272.27 Mil.


Portman Ridge Finance Change In Receivables Historical Data

The historical data trend for Portman Ridge Finance's Change In Receivables 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.

* Premium members only.

Portman Ridge Finance Change In Receivables Chart

Portman Ridge Finance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.52 -0.97 1.97 17.99 0.20

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
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.22 -2.72 0.11 1.59 -0.41

Portman Ridge Finance Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.43 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.


Portman Ridge Finance  (FRA:KJ7A) Change In Receivables 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 Receivable 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
=0/5.384*91
=0.00

2. In Ben Graham's calculation of liquidation value, Portman Ridge Finance's accounts receivable are only considered to be worth 75% of book value:

Portman Ridge Finance's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=19.163-291.433+0.75 * 0+0.5 * 0
=-272.27

* 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 Change In Receivables Related Terms

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Portman Ridge Finance (FRA:KJ7A) 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.

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