KBDC (Kayne Anderson BDC) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


KBDC Kayne Anderson BDC Inc KBDC
11 GF Score
Price $13.65
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What is Kayne Anderson BDC Scaled Net Operating Assets?

Kayne Anderson BDC KBDC +0.52% 11 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates KBDC with a GF Score™ of 11/100. The stock has 5 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.

Kayne Anderson BDC's operating assets for the quarter that ended in Mar. 2026 was $2,238.05 Mil. Kayne Anderson BDC's operating liabilities for the quarter that ended in Mar. 2026 was $50.45 Mil. Kayne Anderson BDC's Total Assets for the quarter that ended in Dec. 2025 was $2,286.70 Mil. Therefore, Kayne Anderson BDC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.

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Kayne Anderson BDC Inc KBDC
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Kayne Anderson BDC 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.

Kayne Anderson BDC'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 )
=(2268.675-59.773)/2082.664
=1.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2286.702 - 18.027
=2268.675

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1176.771 - 1116.998 - 0
=59.773

Kayne Anderson BDC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2238.045-50.451)/2286.702
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2252.359 - 14.314
=2238.045

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1173.167 - 1122.716 - 0
=50.451

* 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 0.96 mean?
Kayne Anderson BDC (KBDC) has a Scaled Net Operating Assets of 0.96 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Kayne Anderson BDC and its competitors.
Is Kayne Anderson BDC's Scaled Net Operating Assets too high?
Kayne Anderson BDC's current Scaled Net Operating Assets is 0.96. Overall, Kayne Anderson BDC has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Kayne Anderson BDC's Scaled Net Operating Assets compare to STK and OXLC?
Kayne Anderson BDC's Scaled Net Operating Assets of 0.96 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 Kayne Anderson BDC and its competitors. Kayne Anderson BDC's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kayne Anderson BDC stock overvalued right now?
Kayne Anderson BDC (KBDC) has a current Scaled Net Operating Assets of 0.96. The current Scaled Net Operating Assets is 0.96. Kayne Anderson BDC's overall GF Score™ is 11/100 with 5 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 Kayne Anderson BDC (KBDC), the current Scaled Net Operating Assets is 0.96 as of Mar. 2026. 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.

Kayne Anderson BDC Business Description

Address 717 Texas Avenue, Suite 2200, Houston, TX, USA, 77002
Kayne Anderson BDC Inc is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company, investing mainly in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation mainly through debt investments in middle-market companies.
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