SVVC (Firsthand Technology Value Fund) Scaled Net Operating Assets: -1.65 (As of Mar. 2026)


What is Firsthand Technology Value Fund Scaled Net Operating Assets?

Firsthand Technology Value Fund SVVC -19.60% Scaled Net Operating Assets is -1.65 as of Mar. 2026. The stock has 2 warning signs investors should review.

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

Firsthand Technology Value Fund's operating assets for the quarter that ended in Mar. 2026 was $0.19 Mil. Firsthand Technology Value Fund's operating liabilities for the quarter that ended in Mar. 2026 was $0.63 Mil. Firsthand Technology Value Fund's Total Assets for the quarter that ended in Dec. 2025 was $0.27 Mil. Therefore, Firsthand Technology Value Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -1.65.

Firsthand Technology Value Fund 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.

Firsthand Technology Value Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(0.27-0.505)/1.796
=-0.13

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=0.27 - 0
=0.27

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.505 - 0 - 0
=0.505

Firsthand Technology Value Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(0.186-0.631)/0.27
=-1.65

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=0.186 - 0
=0.186

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.631 - 0 - 0
=0.631

* 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 -1.65 mean?
Firsthand Technology Value Fund (SVVC) has a Scaled Net Operating Assets of -1.65 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Firsthand Technology Value Fund and its competitors.
Is Firsthand Technology Value Fund's Scaled Net Operating Assets too high?
Firsthand Technology Value Fund's current Scaled Net Operating Assets is -1.65.
How does Firsthand Technology Value Fund's Scaled Net Operating Assets compare to LGCP and BLK?
Firsthand Technology Value Fund's Scaled Net Operating Assets of -1.65 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 Firsthand Technology Value Fund and its competitors. Firsthand Technology Value Fund's current Scaled Net Operating Assets is -1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firsthand Technology Value Fund stock overvalued right now?
Firsthand Technology Value Fund (SVVC) has a current Scaled Net Operating Assets of -1.65. The current Scaled Net Operating Assets is -1.65. 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 Firsthand Technology Value Fund (SVVC), the current Scaled Net Operating Assets is -1.65 as of Mar. 2026. 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.

Firsthand Technology Value Fund Business Description

Address 150 Almaden Boulevard, Suite 1250, San Jose, CA, USA, 95113
Firsthand Technology Value Fund Inc is an externally managed, non-diversified, closed-end management investment company. The Fund's investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. Its portfolio is predominantly composed of equity and equity derivative securities of illiquid private technology and cleantech companies but it may also invest in micro-cap publicly traded companies with market capitalizations. The Fund invests in companies in various stages of maturity with the goal of achieving profitable exits via IPO or acquisition.