Saratoga Investment Corp (SAR) — Cash Flow Quality Index
Saratoga Investment Corp (SAR) has a Cash Flow Quality Index of -0.72x as of November 2025. Operating cash flow of $-8.60 Million is below net income of $12.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore SAR cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Saratoga Investment Corp Cash Flow Quality Index (2011–2026)
Historical Cash Flow Quality Index for Saratoga Investment Corp across 16 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Saratoga Investment Corp cash flow conversion.
Annual Cash Flow Quality Index for Saratoga Investment Corp (2011–2026)
Year-by-year earnings quality comparison for Saratoga Investment Corp.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | -2.40x | $-88.03 Million | $36.60 Million | ▼ -134.2% |
| 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 | ▲ +121.4% |
| 2016 | -2.77x | $-32.22 Million | $11.65 Million | ▼ -40.2% |
| 2015 | -1.97x | $-21.72 Million | $11.01 Million | ▲ +43.2% |
| 2014 | -3.47x | $-29.53 Million | $8.50 Million | ▼ -32.6% |
| 2013 | -2.62x | $-36.81 Million | $14.04 Million | ▼ -53.2% |
| 2012 | -1.71x | $-22.71 Million | $13.28 Million | ▼ -202.6% |
| 2011 | 1.67x | $28.28 Million | $16.96 Million | — |