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Bain Capital Specialty Finance (STU:618) Scaled Net Operating Assets : 0.99 (As of Mar. 2024)


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What is Bain Capital Specialty Finance 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.

Bain Capital Specialty Finance's operating assets for the quarter that ended in Mar. 2024 was €2,328.7 Mil. Bain Capital Specialty Finance's operating liabilities for the quarter that ended in Mar. 2024 was €73.6 Mil. Bain Capital Specialty Finance's Total Assets for the quarter that ended in Dec. 2023 was €2,267.1 Mil. Therefore, Bain Capital Specialty Finance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.99.

Bain Capital Specialty Finance 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.

Bain Capital Specialty Finance'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: Dec. 2022 )
=(2221.843-73.313)/2447.258
=0.88

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2267.143 - 45.3
=2221.843

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1225.004 - 1151.691 - 0
=73.313

Bain Capital Specialty Finance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(2328.677-73.615)/2267.143
=0.99

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2373.704 - 45.027
=2328.677

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1322.597 - 1248.982 - 0
=73.615

* 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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Bain Capital Specialty Finance (STU:618) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bain Capital Specialty Finance Inc (STU:618) » Definitions » Scaled Net Operating Assets
Comparable Companies
Traded in Other Exchanges
BCSF:USA 618:Germany
Address
200 Clarendon Street, 37th Floor, Boston, MA, USA, 02116
Website
https://www.baincapitalbdc.com
Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. The company is managed by the Advisor, an investment adviser that is registered with the SEC under the Investment Advisers Act. The advisor also provides the administrative services necessary for the company to operate. The primary focus is capitalizing on opportunities within Bain Capital Credit's Senior Direct Lending Strategy which seeks to provide risk-adjusted returns and current income to investors by investing primarily in middle-market companies with between $10.0 million and $150.0 million in annual EBITDA.