HYT (BlackRockorate High Yield Fund) Scaled Net Operating Assets: 0.98 (As of Dec. 2025)


HYT BlackRock Corporate High Yield Fund Inc HYT
52 GF Score
Price $8.55
GF Value $8.05
Valuation Fairly Valued
! 2 Warning Signs
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What is BlackRockorate High Yield Fund Scaled Net Operating Assets?

BlackRockorate High Yield Fund HYT +0.12% 52 Scaled Net Operating Assets is 0.98 as of Dec. 2025. GuruFocus rates HYT with a GF Score™ of 52/100 and a GF Value™ of $8.05 (Fairly Valued). The stock has 2 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.

BlackRockorate High Yield Fund's operating assets for the quarter that ended in Dec. 2025 was $2,032.0 Mil. BlackRockorate High Yield Fund's operating liabilities for the quarter that ended in Dec. 2025 was $15.1 Mil. BlackRockorate High Yield Fund's Total Assets for the quarter that ended in Jun. 2025 was $2,061.8 Mil. Therefore, BlackRockorate High Yield Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.98.

HYT
52GF Score
BlackRock Corporate High Yield Fund Inc HYT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackRockorate High Yield 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.

BlackRockorate High Yield Fund'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 )
=(2032.042-15.141)/1906.49
=1.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2032.491 - 0.449
=2032.042

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=459.141 - 444 - 0
=15.141

BlackRockorate High Yield Fund'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 )
=(2032.042-15.141)/2061.783
=0.98

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2032.491 - 0.449
=2032.042

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=459.141 - 444 - 0
=15.141

* 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 0.98 mean?
BlackRockorate High Yield Fund (HYT) has a Scaled Net Operating Assets of 0.98 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 BlackRockorate High Yield Fund and its competitors.
Is BlackRockorate High Yield Fund's Scaled Net Operating Assets too high?
BlackRockorate High Yield Fund's current Scaled Net Operating Assets is 0.98. Overall, BlackRockorate High Yield Fund has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BlackRockorate High Yield Fund's Scaled Net Operating Assets compare to NFJ and QQQX?
BlackRockorate High Yield Fund's Scaled Net Operating Assets of 0.98 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 BlackRockorate High Yield Fund and its competitors. BlackRockorate High Yield Fund's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRockorate High Yield Fund stock overvalued right now?
Based on GuruFocus' analysis, BlackRockorate High Yield Fund (HYT) is currently considered Fairly Valued. The stock's GF Value™ is $8.05, compared to a current price of $8.55 — trading 6.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.98. BlackRockorate High Yield Fund's overall GF Score™ is 52/100 with 2 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 BlackRockorate High Yield Fund (HYT), the current Scaled Net Operating Assets is 0.98 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 BlackRockorate High Yield Fund (HYT) Overvalued in 2026?

Based on GuruFocus' analysis, BlackRockorate High Yield Fund stock appears to be overvalued. The current stock price of $8.55 is trading 6.2% above its estimated GF Value™ of $8.05. GuruFocus considers BlackRockorate High Yield Fund to be Fairly Valued.

Key valuation signals for HYT:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: $8.05 vs. price of $8.55 (6.2% above fair value)
  • GF Score™: 52/100 with 2 warning signs

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

BlackRockorate High Yield Fund Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
BlackRock Corporate High Yield Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to provide shareholders with current income. The trust's secondary investment objective is to provide shareholders with capital appreciation. Under Normal market conditions, the fund invests at least 80% of its net assets in high-yield securities of corporate issuers and derivatives that provide exposure to those securities or related market risk factors.
52GF Score

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$8.55
Price
$8.05
GF Value