Saratoga Investment Corp (SAR) — Cash Flow Quality Index

Latest as of November 2025: 0.63x

Saratoga Investment Corp (SAR) has a Cash Flow Quality Index of 0.63x as of November 2025. Operating cash flow of $7.50 Million is below net income of $12.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore investment intensity of Saratoga Investment Corp to see how much of total assets are deployed in long-term investments.

Cash Flow Quality Index

0.63x
Operating CF / Net Income

Operating Cash Flow

$7.50 Million
USD

Net Income

$12.00 Million
USD

Data as of

Nov 2025
Most recent filing

Saratoga Investment Corp Cash Flow Quality Index (2011–2025)

Historical Cash Flow Quality Index for Saratoga Investment Corp across 15 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check how tangible is Saratoga Investment Corp's equity to evaluate the tangible quality of the company's equity base.

Annual Cash Flow Quality Index for Saratoga Investment Corp (2011–2025)

Year-by-year earnings quality comparison for Saratoga Investment Corp. For live market cap and the full company financial profile, see Saratoga Investment Corp (SAR) market capitalisation.

Year Quality Index Operating CF (USD) Net Income YoY Change
2025 7.03x $197.54 Million $28.09 Million ▲ +140.0%
2024 -17.60x $-157.21 Million $8.93 Million ▼ -233.1%
2023 -5.28x $-130.37 Million $24.68 Million ▼ -19.0%
2022 -4.44x $-203.13 Million $45.74 Million ▼ -5.3%
2021 -4.22x $-62.35 Million $14.78 Million ▼ -1452.8%
2020 -0.27x $-15.14 Million $55.74 Million ▲ +87.4%
2019 -2.16x $-39.98 Million $18.51 Million ▼ -24.1%
2018 -1.74x $-30.78 Million $17.68 Million ▼ -394.1%
2017 0.59x $6.74 Million $11.39 Million ▲ +137.0%
2016 -1.60x $-18.64 Million $11.65 Million ▲ +51.9%
2015 -3.32x $-36.60 Million $11.01 Million ▲ +1.5%
2014 -3.38x $-29.53 Million $8.74 Million ▼ -33.9%
2013 -2.52x $-36.81 Million $14.60 Million ▼ -47.4%
2012 -1.71x $-22.71 Million $13.28 Million ▼ -202.6%
2011 1.67x $28.28 Million $16.96 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.