Firm Capital Mortgage Investment (TSX:FC) Scaled Net Operating Assets : 0.94 (As of Dec. 2023)

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What is Firm Capital Mortgage 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.

Firm Capital Mortgage Investment's operating assets for the quarter that ended in Dec. 2023 was C$580.24 Mil. Firm Capital Mortgage Investment's operating liabilities for the quarter that ended in Dec. 2023 was C$7.62 Mil. Firm Capital Mortgage Investment's Total Assets for the quarter that ended in Sep. 2023 was C$611.03 Mil. Therefore, Firm Capital Mortgage Investment's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.94.

Firm Capital Mortgage 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.

Firm Capital Mortgage 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 )
=	(580.24	-	7.617)	/	656.176
=	0.87

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	589.607	-	9.367
=	580.24

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	190.417	-	158.122	-	24.678
=	7.617

Firm Capital Mortgage 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 )
=	(580.24	-	7.617)	/	611.033
=	0.94

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	589.607	-	9.367
=	580.24

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	190.417	-	158.122	-	24.678
=	7.617

* 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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Firm Capital Mortgage Investment (TSX:FC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.