FCT (First Trust Senior Floating Rateome Fund II) Scaled Net Operating Assets: 0.87 (As of Nov. 2025)


FCT First Trust Senior Floating Rate Income Fund II FCT
31 GF Score
Price $9.56
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What is First Trust Senior Floating Rateome Fund II Scaled Net Operating Assets?

First Trust Senior Floating Rateome Fund II FCT -0.42% 31 Scaled Net Operating Assets is 0.87 as of Nov. 2025. GuruFocus rates FCT with a GF Score™ of 31/100. The stock has 7 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.

First Trust Senior Floating Rateome Fund II's operating assets for the quarter that ended in Nov. 2025 was $327.99 Mil. First Trust Senior Floating Rateome Fund II's operating liabilities for the quarter that ended in Nov. 2025 was $19.03 Mil. First Trust Senior Floating Rateome Fund II's Total Assets for the quarter that ended in May. 2025 was $356.33 Mil. Therefore, First Trust Senior Floating Rateome Fund II's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.87.

FCT
31GF Score
First Trust Senior Floating Rate Income Fund II FCT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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First Trust Senior Floating Rateome Fund II 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.

First Trust Senior Floating Rateome Fund II's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(355.278-27.453)/344.535
=0.95

where

Operating Assets(A: May. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=356.325 - 1.047
=355.278

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=81.453 - 54 - 0
=27.453

First Trust Senior Floating Rateome Fund II's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(327.991-19.028)/356.325
=0.87

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=328.096 - 0.105
=327.991

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=59.028 - 40 - 0
=19.028

* 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 0.87 mean?
First Trust Senior Floating Rateome Fund II (FCT) has a Scaled Net Operating Assets of 0.87 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First Trust Senior Floating Rateome Fund II and its competitors.
Is First Trust Senior Floating Rateome Fund II's Scaled Net Operating Assets too high?
First Trust Senior Floating Rateome Fund II's current Scaled Net Operating Assets is 0.87. Overall, First Trust Senior Floating Rateome Fund II has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does First Trust Senior Floating Rateome Fund II's Scaled Net Operating Assets compare to MMT and MCR?
First Trust Senior Floating Rateome Fund II's Scaled Net Operating Assets of 0.87 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 First Trust Senior Floating Rateome Fund II and its competitors. First Trust Senior Floating Rateome Fund II's current Scaled Net Operating Assets is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Senior Floating Rateome Fund II stock overvalued right now?
First Trust Senior Floating Rateome Fund II (FCT) has a current Scaled Net Operating Assets of 0.87. The current Scaled Net Operating Assets is 0.87. First Trust Senior Floating Rateome Fund II's overall GF Score™ is 31/100 with 7 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 First Trust Senior Floating Rateome Fund II (FCT), the current Scaled Net Operating Assets is 0.87 as of Nov. 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.

First Trust Senior Floating Rateome Fund II Business Description

Address 120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
First Trust Senior Floating Rate Income Fund II is a United States-based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, it attempts to preserve capital. The fund invests in a portfolio of senior secured floating-rate corporate loans (Senior Loans) of companies from different industries, such as Insurance, Software, Health Care Providers and Services, Professional Services, Health Care Technology, IT Services, and others.
31GF Score

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