BGT (Blackrock Floating Rateome Trust) Scaled Net Operating Assets: 0.99 (As of Dec. 2025)


BGT Blackrock Floating Rate Income Trust BGT
45 GF Score
Price $10.52
GF Value $6.59
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Blackrock Floating Rateome Trust Scaled Net Operating Assets?

Blackrock Floating Rateome Trust BGT -0.75% 45 Scaled Net Operating Assets is 0.99 as of Dec. 2025. GuruFocus rates BGT with a GF Score™ of 45/100 and a GF Value™ of $6.59 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Blackrock Floating Rateome Trust's operating assets for the quarter that ended in Dec. 2025 was $437.51 Mil. Blackrock Floating Rateome Trust's operating liabilities for the quarter that ended in Dec. 2025 was $13.02 Mil. Blackrock Floating Rateome Trust's Total Assets for the quarter that ended in Jun. 2025 was $426.72 Mil. Therefore, Blackrock Floating Rateome Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.99.

BGT
45GF Score
Blackrock Floating Rate Income Trust BGT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Blackrock Floating Rateome Trust 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.

Blackrock Floating Rateome Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(437.513-13.015)/397.43
=1.07

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=437.516 - 0.003
=437.513

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=84.461 - 71.446 - 0
=13.015

Blackrock Floating Rateome Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(437.513-13.015)/426.721
=0.99

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=437.516 - 0.003
=437.513

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=84.461 - 71.446 - 0
=13.015

* 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.

What does a Scaled Net Operating Assets of 0.99 mean?
Blackrock Floating Rateome Trust (BGT) has a Scaled Net Operating Assets of 0.99 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blackrock Floating Rateome Trust and its competitors.
Is Blackrock Floating Rateome Trust's Scaled Net Operating Assets too high?
Blackrock Floating Rateome Trust's current Scaled Net Operating Assets is 0.99. Overall, Blackrock Floating Rateome Trust has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackrock Floating Rateome Trust's Scaled Net Operating Assets compare to TCPC and RIV?
Blackrock Floating Rateome Trust's Scaled Net Operating Assets of 0.99 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blackrock Floating Rateome Trust and its competitors. Blackrock Floating Rateome Trust's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Floating Rateome Trust stock overvalued right now?
Based on GuruFocus' analysis, Blackrock Floating Rateome Trust (BGT) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.59, compared to a current price of $10.52 — trading 59.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.99. Blackrock Floating Rateome Trust's overall GF Score™ is 45/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Blackrock Floating Rateome Trust (BGT), the current Scaled Net Operating Assets is 0.99 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blackrock Floating Rateome Trust (BGT) Overvalued in 2026?

Based on GuruFocus' analysis, Blackrock Floating Rateome Trust stock appears to be overvalued. The current stock price of $10.52 is trading 59.6% above its estimated GF Value™ of $6.59. GuruFocus considers Blackrock Floating Rateome Trust to be Significantly Overvalued.

Key valuation signals for BGT:

  • Scaled Net Operating Assets: 0.99
  • GF Value™: $6.59 vs. price of $10.52 (59.6% above fair value)
  • GF Score™: 45/100 with 6 warning signs

No single metric tells the full story. See the BGT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Blackrock Floating Rateome Trust Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Floating Rate Income Trust is a diversified closed-end management investment company. Its investment objective is to provide a high level of current income. The company, as a secondary objective, also focuses on preservation of capital to the extent consistent with its primary objective of high current income. The Trust seeks to achieve its investment objectives by investing in worl-wide portfolio of floating rate securities, including investing a substantial amount in U.S. and non-U.S. senior secured floating rate loans (Senior Loans), made to corporate and other business entities.
45GF Score

Get the complete analysis for BGT

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.52
Price
$6.59
GF Value