PHD (Pioneer Floating Rate Trust) Scaled Net Operating Assets: 0.93 (As of May. 2025)


PHD Pioneer Floating Rate Trust PHD
12 GF Score
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What is Pioneer Floating Rate Trust Scaled Net Operating Assets?

Pioneer Floating Rate Trust PHD 12 Scaled Net Operating Assets is 0.93 as of May. 2025. GuruFocus rates PHD with a GF Score™ of 12/100. The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pioneer Floating Rate Trust's operating assets for the quarter that ended in May. 2025 was $190.88 Mil. Pioneer Floating Rate Trust's operating liabilities for the quarter that ended in May. 2025 was $6.83 Mil. Pioneer Floating Rate Trust's Total Assets for the quarter that ended in Nov. 2024 was $198.91 Mil. Therefore, Pioneer Floating Rate Trust's scaled net operating assets (SNOA) for the quarter that ended in May. 2025 was 0.93.

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Pioneer Floating Rate Trust PHD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pioneer Floating Rate Trust 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.

Pioneer Floating Rate Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2024 )
=(Operating Assets (A: Nov. 2024 )-Operating Liabilities (A: Nov. 2024 ))/Total Assets (A: Nov. 2023 )
=(198.746-11.04)/190.502
=0.99

where

Operating Assets(A: Nov. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=198.905 - 0.159
=198.746

Operating Liabilities(A: Nov. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=71.04 - 60 - 0
=11.04

Pioneer Floating Rate Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2025 )
=(Operating Assets (Q: May. 2025 )-Operating Liabilities (Q: May. 2025 ))/Total Assets (Q: Nov. 2024 )
=(190.881-6.835)/198.905
=0.93

where

Operating Assets(Q: May. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=190.961 - 0.08
=190.881

Operating Liabilities(Q: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66.835 - 60 - 0
=6.835

* 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 0.93 mean?
Pioneer Floating Rate Trust (PHD) has a Scaled Net Operating Assets of 0.93 as of May. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pioneer Floating Rate Trust and its competitors.
Is Pioneer Floating Rate Trust's Scaled Net Operating Assets too high?
Pioneer Floating Rate Trust's current Scaled Net Operating Assets is 0.93. Overall, Pioneer Floating Rate Trust has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Floating Rate Trust's Scaled Net Operating Assets compare to DEFG and PIAC?
Pioneer Floating Rate Trust's Scaled Net Operating Assets of 0.93 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 Pioneer Floating Rate Trust and its competitors. Pioneer Floating Rate Trust's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Floating Rate Trust stock overvalued right now?
Pioneer Floating Rate Trust (PHD) has a current Scaled Net Operating Assets of 0.93. The current Scaled Net Operating Assets is 0.93. Pioneer Floating Rate Trust's overall GF Score™ is 12/100 with 1 warning sign 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 Pioneer Floating Rate Trust (PHD), the current Scaled Net Operating Assets is 0.93 as of May. 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.

Pioneer Floating Rate Trust Business Description

Address 60 State Street, Boston, MA, USA, 02109
Pioneer Floating Rate Trust is a diversified, closed-end fund. It invests in the fixed income markets of the United States. The fund basically invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the other High Yield Loans Index banks.
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