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Portman Ridge Finance (FRA:KJ7A) Scaled Net Operating Assets : 0.87 (As of Sep. 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 Sep. 2024 was €405.39 Mil. Portman Ridge Finance's operating liabilities for the quarter that ended in Sep. 2024 was €9.71 Mil. Portman Ridge Finance's Total Assets for the quarter that ended in Jun. 2024 was €454.11 Mil. Therefore, Portman Ridge Finance's scaled net operating assets (SNOA) for the quarter that ended in Sep. 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 )
=(478.974-12.206)/584.795
=0.80

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=503.652 - 24.678
=478.974

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=307.856 - 295.65 - 0
=12.206

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

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(405.392-9.706)/454.105
=0.87

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=417.768 - 12.376
=405.392

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=248.397 - 238.691 - 0
=9.706

* 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Portman Ridge Finance Corp (FRA:KJ7A) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
PTMN:USA
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 company originates, structures, and invests in secured term loans, bonds or notes, and mezzanine debt primarily in privately-held middle market companies but may also invest in other investments such as loans to publicly traded companies, high-yield bonds, and distressed debt securities. The company's investment objective in the Debt securities portfolio is to generate current income and, to a lesser extent, capital appreciation from the investments in senior secured term loans, mezzanine debt, and selected equity investments in privately-held middle market companies.