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WhiteHorse Finance (FRA:M9X) Scaled Net Operating Assets : 0.88 (As of Sep. 2024)


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What is WhiteHorse 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.

WhiteHorse Finance's operating assets for the quarter that ended in Sep. 2024 was €605.85 Mil. WhiteHorse Finance's operating liabilities for the quarter that ended in Sep. 2024 was €30.56 Mil. WhiteHorse Finance's Total Assets for the quarter that ended in Jun. 2024 was €653.26 Mil. Therefore, WhiteHorse Finance's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.88.

WhiteHorse 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.

WhiteHorse 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 )
=(660.242-25.246)/751.871
=0.84

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=670.099 - 9.857
=660.242

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=379.619 - 354.373 - 0
=25.246

WhiteHorse 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 )
=(605.85-30.556)/653.257
=0.88

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=615.909 - 10.059
=605.85

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=348.425 - 317.869 - 0
=30.556

* 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.

WhiteHorse Finance Scaled Net Operating Assets Related Terms

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WhiteHorse Finance Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WhiteHorse Finance Inc (FRA:M9X) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
WHF:USA
Address
1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131
Website
https://www.whitehorsefinance.com
WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate attractive risk-adjusted returns for investors, primarily by originating senior secured loans to privately held small-cap companies across a broad range of industries.