FTHY (FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND) Scaled Net Operating Assets: 0.99 (As of Nov. 2025)


FTHY FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND FTHY
26 GF Score
Price $13.67
! 6 Warning Signs
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What is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Scaled Net Operating Assets?

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND FTHY +0.37% 26 Scaled Net Operating Assets is 0.99 as of Nov. 2025. GuruFocus rates FTHY with a GF Score™ of 26/100. 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.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's operating assets for the quarter that ended in Nov. 2025 was $741.67 Mil. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's operating liabilities for the quarter that ended in Nov. 2025 was $9.09 Mil. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Total Assets for the quarter that ended in May. 2025 was $739.28 Mil. Therefore, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.99.

FTHY
26GF Score
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND FTHY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND 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 HIGH YIELD OPPORTUNITIES 2027 TERM FUND'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 )
=(739.068-29.788)/703.213
=1.01

where

Operating Assets(A: May. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=739.28 - 0.212
=739.068

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=186.788 - 157 - 0
=29.788

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND'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 )
=(741.669-9.086)/739.28
=0.99

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=741.679 - 0.01
=741.669

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=192.086 - 183 - 0
=9.086

* 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?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY) has a Scaled Net Operating Assets of 0.99 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 HIGH YIELD OPPORTUNITIES 2027 TERM FUND and its competitors.
Is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Scaled Net Operating Assets too high?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's current Scaled Net Operating Assets is 0.99. Overall, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Scaled Net Operating Assets compare to BGB and ETO?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND'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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND and its competitors. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND'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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND stock overvalued right now?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY) has a current Scaled Net Operating Assets of 0.99. The current Scaled Net Operating Assets is 0.99. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's overall GF Score™ is 26/100 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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY), the current Scaled Net Operating Assets is 0.99 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 HIGH YIELD OPPORTUNITIES 2027 TERM FUND Business Description

Address 120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND is a diversified, closed-end management investment company. The investment objective of the fund is to provide current income. The fund invests a majority of its managed assets in high-yield debt securities of any maturity that are rated below investment grade at the time of purchase or unrated securities. Its investment portfolio comprises corporate bonds and notes, senior floating-rate loan interests, foreign corporate bonds and notes, money market funds, and other instruments across various industries.
26GF Score

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