MidCap Financial Investment (STU:55O1) Scaled Net Operating Assets : 1.18 (As of Sep. 2024)

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What is MidCap Financial Investment 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.

MidCap Financial Investment's operating assets for the quarter that ended in Sep. 2024 was €2,821.2 Mil. MidCap Financial Investment's operating liabilities for the quarter that ended in Sep. 2024 was €24.3 Mil. MidCap Financial Investment's Total Assets for the quarter that ended in Jun. 2024 was €2,370.0 Mil. Therefore, MidCap Financial Investment's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 1.18.

MidCap Financial Investment 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.

MidCap Financial Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(2181.73	-	30.952)	/	2360.91
=	0.91

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2293.721	-	111.991
=	2181.73

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1371.851	-	1340.899	-	0
=	30.952

MidCap Financial Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(2821.235	-	24.305)	/	2369.996
=	1.18

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2897.645	-	76.41
=	2821.235

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1621.628	-	1597.323	-	0
=	24.305

* 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.

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MidCap Financial Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MidCap Financial Investment Corp (STU:55O1) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MFIC:USA 55O1:Germany

Address

9 West 57th Street, 37th Floor, New York, NY, USA, 10019

Website

https://www.midcapfinancialic.com

MidCap Financial Investment Corp is an externally managed, publicly traded, closed-end, diversified management investment company. Its investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. It predominantly invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, and in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies.