EARN (Ellington Credit Co) Scaled Net Operating Assets: 0.25 (As of Sep. 2025)

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EARN Ellington Credit Co EARN
36 GF Score
Price $4.41
! 3 Warning Signs
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What is Ellington Credit Co Scaled Net Operating Assets?

Ellington Credit Co EARN +0.68% 36 Scaled Net Operating Assets is 0.25 as of Sep. 2025. GuruFocus rates EARN with a GF Score™ of 36/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ellington Credit Co's operating assets for the quarter that ended in Sep. 2025 was $395.66 Mil. Ellington Credit Co's operating liabilities for the quarter that ended in Sep. 2025 was $190.65 Mil. Ellington Credit Co's Total Assets for the quarter that ended in Dec. 2024 was $824.09 Mil. Therefore, Ellington Credit Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.25.

EARN
36GF Score
Ellington Credit Co EARN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ellington Credit Co 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.

Ellington Credit Co'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 )
=(907.157-809.452)/1053.632
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=945.69 - 38.533
=907.157

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=809.452 - 0 - 0
=809.452

Ellington Credit Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Dec. 2024 )
=(395.655-190.653)/824.092
=0.25

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=415.74 - 20.085
=395.655

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=190.653 - 0 - 0
=190.653

* 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.

What does a Scaled Net Operating Assets of 0.25 mean?
Ellington Credit Co (EARN) has a Scaled Net Operating Assets of 0.25 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ellington Credit Co and its competitors.
Is Ellington Credit Co's Scaled Net Operating Assets too high?
Ellington Credit Co's current Scaled Net Operating Assets is 0.25. Overall, Ellington Credit Co has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Ellington Credit Co's Scaled Net Operating Assets compare to VBF and FLC?
Ellington Credit Co's Scaled Net Operating Assets of 0.25 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ellington Credit Co and its competitors. Ellington Credit Co's current Scaled Net Operating Assets is 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ellington Credit Co stock overvalued right now?
Ellington Credit Co (EARN) has a current Scaled Net Operating Assets of 0.25. The current Scaled Net Operating Assets is 0.25. Ellington Credit Co's overall GF Score™ is 36/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ellington Credit Co (EARN), the current Scaled Net Operating Assets is 0.25 as of Sep. 2025. 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.

Ellington Credit Co Business Description

Address 53 Forest Avenue, Suite 301, Old Greenwich, CT, USA, 06870
Ellington Credit Co The Fund is focused on acquiring and actively managing a portfolio of corporate CLOs, mainly mezzanine debt and equity tranches, which are typically collateralized by portfolios consisting mainly of below-investment-grade senior secured loans with a large number of discrete underlying borrowers across various industry sectors. Additionally, the Fund may also invest in CLO loan accumulation facilities, which are entities that acquire corporate loans and other similar corporate credit-related assets in anticipation of ultimately collateralizing a CLO transaction. The company's primary investment objectives are to generate attractive current income and risk-adjusted total returns for shareholders.
36GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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