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Rand Capital (Rand Capital) Scaled Net Operating Assets : 0.99 (As of Mar. 2024)


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What is Rand 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.

Rand Capital's operating assets for the quarter that ended in Mar. 2024 was $83.60 Mil. Rand Capital's operating liabilities for the quarter that ended in Mar. 2024 was $3.59 Mil. Rand Capital's Total Assets for the quarter that ended in Dec. 2023 was $81.02 Mil. Therefore, Rand Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.99.

Rand 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.

Rand Capital'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 )
=(77.727-3.957)/63.481
=1.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=81.022 - 3.295
=77.727

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20.207 - 16.25 - 0
=3.957

Rand Capital'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 )
=(83.596-3.586)/81.022
=0.99

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=84.355 - 0.759
=83.596

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22.786 - 19.2 - 0
=3.586

* 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.

Rand Capital Scaled Net Operating Assets Related Terms

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Rand Capital (Rand Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rand Capital Corp (NAS:RAND) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
1405 Rand Building, Buffalo, NY, USA, 14203
Website
https://www.randcapital.com
Rand Capital Corp is a closed-end, diversified management company. The firm's investment objectives is to maximize the total return to the shareholders with current income combined with capital appreciation. Some of its portfolios include lumious, and GiveGab among others.
Executives
Benjamin E Godley director RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Adam Samuel Gusky director RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Cari L Jaroslawsky director C/O HARTER SECREST & EMERY LLP, 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Daniel P Penberthy officer: EVP and CFO C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203
Robert M Zak director 250 MAIN STREET, BUFFALO NY 14202
Erland E Kailbourne director C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203
Heather Eastgate officer: Chief Compliance Officer C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203
East Asset Management, Llc 10 percent owner 777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487
Nancy Marie Stone officer: Chief Compliance Officer C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203
Margaret Brechtel officer: EVP, Treas., CFO & Sec. C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203
User-friendly Holding, Llc 10 percent owner 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
User-friendly Phone Book, Llc 10 percent owner 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
Newman Reginald B Ii director PRIOR AVIATION SERVICE INC., 50 NORTH AIRPORT DRIVE, BUFFALO NY 14225
Utility Service Holding Co., Inc. 10 percent owner P.O. BOX 240, WARTHEN GA 31094
Colmac Holdings Ltd 10 percent owner 8 KING STREET EAST, SUITE 1901, TORONTO A6 M5C 1B5