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OCCIO.PFD (OFS Credit Co) Scaled Net Operating Assets : 0.69 (As of Oct. 2024)


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What is OFS Credit Co 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.

OFS Credit Co's operating assets for the quarter that ended in Oct. 2024 was $216.08 Mil. OFS Credit Co's operating liabilities for the quarter that ended in Oct. 2024 was $92.17 Mil. OFS Credit Co's Total Assets for the quarter that ended in Apr. 2024 was $180.36 Mil. Therefore, OFS Credit Co's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2024 was 0.69.

OFS Credit Co 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.

OFS Credit Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2024 )
=(Operating Assets (A: Oct. 2024 )-Operating Liabilities (A: Oct. 2024 ))/Total Assets (A: Oct. 2023 )
=(216.078-92.167)/185.933
=0.67

where

Operating Assets(A: Oct. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=240.774 - 24.696
=216.078

Operating Liabilities(A: Oct. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=92.167 - 0 - 0
=92.167

OFS Credit Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2024 )
=(Operating Assets (Q: Oct. 2024 )-Operating Liabilities (Q: Oct. 2024 ))/Total Assets (Q: Apr. 2024 )
=(216.078-92.167)/180.361
=0.69

where

Operating Assets(Q: Oct. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=240.774 - 24.696
=216.078

Operating Liabilities(Q: Oct. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=92.167 - 0 - 0
=92.167

* 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.

OFS Credit Co Scaled Net Operating Assets Related Terms

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OFS Credit Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » OFS Credit Co Inc (NAS:OCCIO.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
OCCI:USA
Address
10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606
Website
https://www.ofscreditcompany.com
OFS Credit Co Inc is a non-diversified, closed-end management investment company. Its investment objective is to generate current income, with a secondary objective to generate capital appreciation primarily through investment in collateralized loan obligation (CLO) equity and debt securities. The company invests in floating rate credit instruments and other structured credit investments, including; collateralized loan obligation (CLO) debt and subordinated (i.e., residual or equity) securities; traditional corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, including stressed and distressed credit situations and long/short credit investments; and other credit-related instruments.
Executives
Kyle Spina officer: Chief Accounting Officer 10 S. WACKER DR, SUITE 2500, CHICAGO IL 60606
Orchard First Source Asset Management Holdings, Llc other: Parent of Investment Adviser 10 SOUTH WACKER, SUITE 2500, CHICAGO IL 60606
Ross Teune officer: Chief Accounting Officer 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Eagle Point Cif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Dif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Credit Management Llc 10 percent owner 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Catherine Mary Fitta director 100 JAY STREET, #10D, BROOKLYN NY 11201
Oi3 2019 Trust 10 percent owner 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Oi3, Llc 10 percent owner 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Robert J Cresci director
Richard S Ressler 10 percent owner C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Orchard First Source Asset Management, Llc other: Parent of Investment Adviser 10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Bilal Rashid director, officer: President, Director and CEO 10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Romita Shetty director 70 E 55TH STREET, FLOOR 21, NEW YORK NY 10022
Wolfgang Schubert director 10 S. WACKER DRIVE, SUITE 2500, CHICAGO IL 60606