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BlackRock TCP Capital (STU:8TC) Scaled Net Operating Assets : 0.94 (As of Dec. 2024)


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What is BlackRock TCP Capital 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.

BlackRock TCP Capital's operating assets for the quarter that ended in Dec. 2024 was €1,749.03 Mil. BlackRock TCP Capital's operating liabilities for the quarter that ended in Dec. 2024 was €18.69 Mil. BlackRock TCP Capital's Total Assets for the quarter that ended in Sep. 2024 was €1,844.98 Mil. Therefore, BlackRock TCP Capital's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.94.

BlackRock TCP Capital 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.

BlackRock TCP Capital's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(1749.027-18.687)/1557.774
=1.11

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1836.495 - 87.468
=1749.027

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1086.702 - 1068.015 - 0
=18.687

BlackRock TCP Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(1749.027-18.687)/1844.979
=0.94

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1836.495 - 87.468
=1749.027

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1086.702 - 1068.015 - 0
=18.687

* 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.

BlackRock TCP Capital Scaled Net Operating Assets Related Terms

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BlackRock TCP Capital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock TCP Capital Corp (STU:8TC) » Definitions » Scaled Net Operating Assets
Comparable Companies
MSIF AC PCN HTD FDUS CHI CHY DLY NOAH PHK BLK BX KKR TSX:BAM OSTO:INVE A TSX:BN APO AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
TCPC:USA 8TC:Germany
Address
2951 28th Street, Suite 1000, Santa Monica, CA, USA, 90405
Website
https://www.tcpcapital.com
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.