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Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.
Old Market Capital's Net Charge Offs to Average Loans % for the quarter that ended in Mar. 2024 was 23.89%
, which is lower than
34.83% for the pervious quarter ended in Dec. 2023.
Old Market Capital's Net Charge Offs to Average Loans % for the annual that ended in Mar. 2023 was 15.86%
, which is higher than
5.13% for the pervious year ended in Mar. 2022.
The historical rank and industry rank for Old Market Capital's Net Charge Offs to Average Loans % or its related term are showing as below:
OMCC's Net Charge Offs to Average Loans % is not ranked *
in the Telecommunication Services industry.
Industry Median: * Ranked among companies with meaningful Net Charge Offs to Average Loans % only.
Old Market Capital (OTCPK:OMCC) Net Charge Offs to Average Loans % Explanation
A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.
Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.
Old Market Capital Net Charge Offs to Average Loans % Related Terms
Old Market Capital Net Charge Offs to Average Loans % Historical Data
* Premium members only.
The historical data trend for Old Market Capital's Net Charge Offs to Average Loans % can be seen below:
* 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.
Old Market Capital Net Charge Offs to Average Loans % Chart
OMCC vs FNGR, VPLM, NIXX: Net Charge Offs to Average Loans % Comparison
For the Telecom Services subindustry, Old Market Capital's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Old Market Capital (OTCPK:OMCC) Net Charge Offs to Average Loans % Calculation
Net Charge Offs to Average Loans % is calculated as
Net Charge Offs to Average Loans %
=
Net Charge-offs
/
Average Total Loans
* 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.
Frequently Asked Questions
What does a Net Charge Offs to Average Loans % of 23.89% mean?
Old Market Capital (OMCC) has a Net Charge Offs to Average Loans % of 23.89% as of Mar. 2024. Net Charge Offs Average Loans is the net charge-offs divided by the average total loans during a specific period. View historical data on Old Market Capital and its competitors.
Is Old Market Capital's Net Charge Offs to Average Loans % too high?
Old Market Capital's current Net Charge Offs to Average Loans % is 23.89%. Overall, Old Market Capital has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Old Market Capital's Net Charge Offs to Average Loans % compare to FNGR and VPLM?
Old Market Capital's Net Charge Offs to Average Loans % of 23.89% can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Charge Offs to Average Loans % for a Telecommunication Services company?
A good Net Charge Offs to Average Loans % depends on the Telecommunication Services industry context. However, Net Charge Offs to Average Loans % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Charge Offs to Average Loans % mean?
A high Net Charge Offs to Average Loans % can signal that a stock is expensive relative to its fundamentals. Net Charge Offs Average Loans is the net charge-offs divided by the average total loans during a specific period. View historical data on Old Market Capital and its competitors. Old Market Capital's current Net Charge Offs to Average Loans % is 23.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Market Capital stock overvalued right now?
Old Market Capital (OMCC) has a current Net Charge Offs to Average Loans % of 23.89%. The current Net Charge Offs to Average Loans % is 23.89%. Old Market Capital's overall GF Score™ is 33/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Charge Offs to Average Loans % calculated?
Net Charge Offs to Average Loans % is calculated from a company's financial statements. For Old Market Capital (OMCC), the current Net Charge Offs to Average Loans % is 23.89% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Old Market Capital Corp operates as a holding company which owns a controlling interest in a broadband company operating in northwest Ohio. The company generates revenues through customer contracts and provides wireless internet services, fiber internet services, and other services including voice over telephone services. It has only one operating segment, telecommunications.
33GF Score
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