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Two Harbors Investment (Two Harbors Investment) Scaled Net Operating Assets : 0.24 (As of Dec. 2023)


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What is Two Harbors Investment 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.

Two Harbors Investment's operating assets for the quarter that ended in Dec. 2023 was $12,408.98 Mil. Two Harbors Investment's operating liabilities for the quarter that ended in Dec. 2023 was $9,042.39 Mil. Two Harbors Investment's Total Assets for the quarter that ended in Sep. 2023 was $13,916.73 Mil. Therefore, Two Harbors Investment's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.24.

Two Harbors Investment 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.

Two Harbors Investment'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 )
=(12409.068-9042.386)/13466.16
=0.25

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13138.8 - 729.732
=12409.068

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10935.41 - 563.853 - 1329.171
=9042.386

Two Harbors Investment'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 )
=(12408.982-9042.386)/13916.729
=0.24

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13138.8 - 729.818
=12408.982

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10935.41 - 563.853 - 1329.171
=9042.386

* 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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Two Harbors Investment (Two Harbors Investment) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Two Harbors Investment Corp (NYSE:TWO) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
TWOpC.PFD:USA TWOpB.PFD:USA TWOpA.PFD:USA 2H2:Germany
Address
1601 Utica Avenue South, Suite 900, St. Louis Park, MN, USA, 55416
Website
https://www.twoharborsinvestment.com
Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.
Executives
Nicholas Letica officer: Vice Pres. & Chief Inv. Off. 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Robert Rush officer: Vice President & CRO 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Jason Vinar officer: Vice President & Head of MSR 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Matthew Keen officer: Vice President & CTO 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Alecia Hanson officer: Vice President & CAO 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
William Ross Greenberg officer: Co-Chief Investment Officer 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Mary Kathryn Riskey officer: Chief Accounting Officer 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Rebecca B Sandberg officer: General Counsel and Secretary 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
David B Hughes other: EVP Servicing Ops RoundPoint 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Nathan Boucher other: EVP General Counsel RoundPoint 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Spencer Abraham director 600 14TH STREET, NW, SUITE 500, WASHINGTON DC 20005
James J Bender director 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen G Kasnet director 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Matthew Koeppen officer: Co-Chief Investment Officer 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Thomas Siering director, officer: Chief Executive Officer & Pres TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305