Saratoga Investment Corp Net Assets
Saratoga Investment Corp net assets. Based on the latest financial reports, Saratoga Investment Corp (SAR) has net assets worth $378.45 Million USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.20 Billion) and total liabilities ($818.97 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Saratoga Investment Corp annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $378.45 Million |
| % of Total Assets | 31.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | 10.83% |
| 10-Year Change | 209.77% |
| Growth Volatility | 22.04 |
Net Assets of Saratoga Investment Corp (2007–2026)
Net assets of Saratoga Investment Corp from 2007 to 2026. This chart illustrates how Saratoga Investment Corp's net assets have evolved over time, based on quarterly financial data. See Saratoga Investment Corp balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Saratoga Investment Corp (2007–2026)
The table below shows the annual net assets of Saratoga Investment Corp from 2007 to 2026. For live market cap and overall valuation, see Saratoga Investment Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-02-28 | $394.32 Million | +0.42% |
| 2025-02-28 | $392.67 Million | +6.06% |
| 2024-02-29 | $370.22 Million | +6.71% |
| 2023-02-28 | $346.96 Million | -2.48% |
| 2022-02-28 | $355.78 Million | +16.96% |
| 2021-02-28 | $304.19 Million | -0.03% |
| 2020-02-29 | $304.29 Million | +68.23% |
| 2019-02-28 | $180.88 Million | +25.88% |
| 2018-02-28 | $143.69 Million | +12.88% |
| 2017-02-28 | $127.29 Million | +1.71% |
| 2016-02-29 | $125.15 Million | +2.08% |
| 2015-02-28 | $122.60 Million | +8.09% |
| 2014-02-28 | $113.43 Million | +4.36% |
| 2013-02-28 | $108.69 Million | +11.61% |
| 2012-02-29 | $97.38 Million | +13.14% |
| 2011-02-28 | $86.07 Million | +55.14% |
| 2010-02-28 | $55.48 Million | -18.43% |
| 2009-02-28 | $68.01 Million | -30.51% |
| 2008-02-29 | $97.87 Million | +97969.04% |
| 2007-02-28 | $-100.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Saratoga Investment Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4296294700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Saratoga Investment Corp Net Assets Breakdown (February 2026)
Saratoga Investment Corp net assets breakdown by equity component as of February 2026.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $16.22K | 0.00% |
| Other Components | $439.20 Million | 110.87% |
| Total Equity | $396.16 Million | 100.00% |
Saratoga Investment Corp Competitors by Market Cap
The table below lists competitors of Saratoga Investment Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sern Kou Resources Bhd
KLSE:7180
|
$208.42 Million |
|
Asflow Co. Ltd.
KQ:159010
|
$208.46 Million |
|
Chengdu Qinchuan IoT Technology Co Ltd
SHG:688528
|
$208.47 Million |
|
Nishoku Technology Inc
TW:3679
|
$208.48 Million |
|
Cia de Ferro Ligas da Bahia - FERBASA
SA:FESA3
|
$208.37 Million |
|
Tetratherix Ltd
AU:TTX
|
$208.34 Million |
|
Peninsula Group Ltd
TA:PEN
|
$208.32 Million |
|
Tus-Design Group Co Ltd Class A
SHE:300500
|
$208.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Saratoga Investment Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 392,665,468 to 396,155,754, a change of 3,490,286 (0.9%).
- Net income of 36,604,298 contributed positively to equity growth.
- Dividend payments of 52,356,092 reduced retained earnings.
- Share repurchases of 54,314 reduced equity.
- New share issuances of 19,322,251 increased equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $36.60 Million | +9.24% |
| Dividends Paid | $52.36 Million | -13.22% |
| Share Repurchases | $54.31K | -0.01% |
| Share Issuances | $19.32 Million | +4.88% |
| Other Changes | $-25.86K | -0.01% |
| Total Change | $- | 0.89% |
Book Value vs Market Value Analysis
This analysis compares Saratoga Investment Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.52x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-02-28 | $-0.16 | $12.96 | x |
| 2008-02-29 | $126.09 | $12.96 | x |
| 2009-02-28 | $82.03 | $12.96 | x |
| 2010-02-28 | $52.27 | $12.96 | x |
| 2011-02-28 | $35.31 | $12.96 | x |
| 2012-02-29 | $28.35 | $12.96 | x |
| 2013-02-28 | $26.44 | $12.96 | x |
| 2014-02-28 | $23.05 | $12.96 | x |
| 2015-02-28 | $22.77 | $12.96 | x |
| 2016-02-29 | $22.42 | $12.96 | x |
| 2017-02-28 | $22.18 | $12.96 | x |
| 2018-02-28 | $23.85 | $12.96 | x |
| 2019-02-28 | $25.67 | $12.96 | x |
| 2020-02-29 | $32.65 | $12.96 | x |
| 2021-02-28 | $27.19 | $12.96 | x |
| 2022-02-28 | $31.05 | $12.96 | x |
| 2023-02-28 | $29.00 | $12.96 | x |
| 2024-02-29 | $29.22 | $12.96 | x |
| 2025-02-28 | $28.22 | $12.96 | x |
| 2026-02-28 | $24.99 | $12.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Saratoga Investment Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.89%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.88x
- Recent ROE (9.24%) is above the historical average (5.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-120.00K |
| 2008 | -5.57% | -25.49% | 0.11x | 1.97x | $-15.24 Million |
| 2009 | -31.34% | -91.14% | 0.18x | 1.92x | $-28.12 Million |
| 2010 | -18.86% | 0.00% | -0.03x | 1.75x | $-16.01 Million |
| 2011 | 19.70% | 146.68% | 0.12x | 1.15x | $8.35 Million |
| 2012 | 13.63% | 108.69% | 0.10x | 1.29x | $3.54 Million |
| 2013 | 13.43% | 81.63% | 0.10x | 1.60x | $3.73 Million |
| 2014 | 7.71% | 70.44% | 0.06x | 1.90x | $-2.60 Million |
| 2015 | 8.98% | 75.24% | 0.06x | 2.15x | $-1.25 Million |
| 2016 | 9.31% | 73.70% | 0.05x | 2.36x | $-869.43K |
| 2017 | 8.95% | 66.40% | 0.05x | 2.50x | $-1.34 Million |
| 2018 | 12.30% | 78.77% | 0.06x | 2.51x | $3.31 Million |
| 2019 | 10.23% | 74.68% | 0.05x | 2.60x | $421.85K |
| 2020 | 18.32% | 87.63% | 0.12x | 1.74x | $25.31 Million |
| 2021 | 4.86% | 25.63% | 0.10x | 1.95x | $-15.64 Million |
| 2022 | 12.85% | 64.65% | 0.08x | 2.46x | $10.16 Million |
| 2023 | 7.11% | 24.90% | 0.09x | 3.11x | $-10.02 Million |
| 2024 | 2.41% | 6.21% | 0.12x | 3.22x | $-28.09 Million |
| 2025 | 7.15% | 29.83% | 0.08x | 3.03x | $-11.18 Million |
| 2026 | 9.24% | 36.89% | 0.09x | 2.88x | $-3.01 Million |
Industry Comparison
This section compares Saratoga Investment Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $657,677,591
- Average return on equity (ROE) among peers: -7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Saratoga Investment Corp (SAR) | $378.45 Million | 0.00% | 2.16x | $208.41 Million |
| Acadian Asset Management Inc (AAMI) | $2.54 Billion | 1.01% | 2.37x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.54 Billion | 13.44% | 0.00x | $3.10 Billion |
| Associated Capital Group Inc (AC) | $964.38 Million | 0.92% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $91.65 Million | 11.30% | 0.03x | $71.46 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $165.43 Million | -10.20% | 0.18x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $85.02 Million | -7.77% | 0.44x | $239.77 Million |
| Amber International Holding Limited (AMBR) | $279.09 Million | -5.30% | 0.68x | $144.90 Million |
| Affiliated Managers Group, Inc. (AMG) | $769.46 Million | 19.66% | 2.46x | $9.59 Billion |
About Saratoga Investment Corp
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-i… Read more