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New Mountain Finance (FRA:1N4) Scaled Net Operating Assets : 0.96 (As of Mar. 2024)


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What is New Mountain 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.

New Mountain Finance's operating assets for the quarter that ended in Mar. 2024 was €2,896.3 Mil. New Mountain Finance's operating liabilities for the quarter that ended in Mar. 2024 was €128.6 Mil. New Mountain Finance's Total Assets for the quarter that ended in Dec. 2023 was €2,897.0 Mil. Therefore, New Mountain Finance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.96.

New Mountain 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.

New Mountain 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 )
=(2832.726-38.552)/3167.051
=0.88

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2896.999 - 64.273
=2832.726

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1675.809 - 1637.257 - 0
=38.552

New Mountain 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 )
=(2896.288-128.647)/2896.999
=0.96

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2995.158 - 98.87
=2896.288

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1735.51 - 1606.863 - 0
=128.647

* 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.

New Mountain Finance Scaled Net Operating Assets Related Terms

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New Mountain Finance (FRA:1N4) Business Description

Industry
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Traded in Other Exchanges
NMFC:USA
Address
1633 Broadway, 48th Floor, New York, NY, USA, 10019
Website
https://www.newmountainfinance.com
New Mountain Finance Corp is a closed-end, non-diversified management investment company. It invests in equity interests such as preferred stock, common stock, warrants, or options received in connection with debt investments or may include direct investment in the equity of private companies. The company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second-lien debt, notes, bonds, and mezzanine securities.