Federal Agricultural Mortgage (Federal Agricultural Mortgage) Scaled Net Operating Assets : 0.64 (As of Dec. 2023)

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What is Federal Agricultural Mortgage 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.

Federal Agricultural Mortgage's operating assets for the quarter that ended in Dec. 2023 was $18,184.3 Mil. Federal Agricultural Mortgage's operating liabilities for the quarter that ended in Dec. 2023 was $174.5 Mil. Federal Agricultural Mortgage's Total Assets for the quarter that ended in Sep. 2023 was $28,311.4 Mil. Therefore, Federal Agricultural Mortgage's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.64.

Federal Agricultural Mortgage 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.

Federal Agricultural Mortgage'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 )
=	(28635.675	-	174.491)	/	27333.11
=	1.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	29524.382	-	888.707
=	28635.675

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28112.519	-	19850.86	-	8087.168
=	174.491

Federal Agricultural Mortgage's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(18184.265	-	174.491)	/	28311.381
=	0.64

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	29524.382	-	11340.117
=	18184.265

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28112.519	-	19850.86	-	8087.168
=	174.491

* 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.

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Federal Agricultural Mortgage (Federal Agricultural Mortgage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Federal Agricultural Mortgage Corp (NYSE:AGM.A) » Definitions » Scaled Net Operating Assets

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Address

1999 K Street, North West, 4th Floor, Washington, DC, USA, 20006

Website

https://www.farmermac.com

Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.