TCPC (BlackRock TCP Capital) Scaled Net Operating Assets: 0.86 (As of Jun. 2026)

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TCPC BlackRock TCP Capital Corp TCPC
24 GF Score
Price $4.08
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What is BlackRock TCP Capital Scaled Net Operating Assets?

BlackRock TCP Capital TCPC -2.86% 24 Scaled Net Operating Assets is 0.86 as of Jun. 2026. GuruFocus rates TCPC with a GF Score™ of 24/100.

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 Jun. 2026 was $1,318.92 Mil. BlackRock TCP Capital's operating liabilities for the quarter that ended in Jun. 2026 was $13.88 Mil. BlackRock TCP Capital's Total Assets for the quarter that ended in Mar. 2026 was $1,509.55 Mil. Therefore, BlackRock TCP Capital's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.86.

TCPC
24GF Score
BlackRock TCP Capital Corp TCPC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 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 )
=(1589.285-16.804)/1923.031
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1650.36 - 61.075
=1589.285

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1052.347 - 1035.543 - 0
=16.804

BlackRock TCP Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(1318.917-13.875)/1509.553
=0.86

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1476.464 - 157.547
=1318.917

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=924.457 - 910.582 - 0
=13.875

* 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 0.86 mean?
BlackRock TCP Capital (TCPC) has a Scaled Net Operating Assets of 0.86 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on BlackRock TCP Capital and its competitors.
Is BlackRock TCP Capital's Scaled Net Operating Assets too high?
BlackRock TCP Capital's current Scaled Net Operating Assets is 0.86. Overall, BlackRock TCP Capital has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's Scaled Net Operating Assets compare to EOT and XFLT?
BlackRock TCP Capital's Scaled Net Operating Assets of 0.86 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 BlackRock TCP Capital and its competitors. BlackRock TCP Capital's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock TCP Capital stock overvalued right now?
BlackRock TCP Capital (TCPC) has a current Scaled Net Operating Assets of 0.86. The current Scaled Net Operating Assets is 0.86. BlackRock TCP Capital's overall GF Score™ is 24/100. 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 BlackRock TCP Capital (TCPC), the current Scaled Net Operating Assets is 0.86 as of Jun. 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.

BlackRock TCP Capital Business Description

Other Exchanges 8TC:Germany
Address 2951 28th Street, Suite 1000, Santa Monica, CA, USA, 90405
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 its 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.
24GF Score

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