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Finance of America (Finance of America) Scaled Net Operating Assets : 1.00 (As of Dec. 2023)


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What is Finance of America 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.

Finance of America's operating assets for the quarter that ended in Dec. 2023 was $27,061.11 Mil. Finance of America's operating liabilities for the quarter that ended in Dec. 2023 was $548.31 Mil. Finance of America's Total Assets for the quarter that ended in Sep. 2023 was $26,397.46 Mil. Therefore, Finance of America's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 1.00.

Finance of America 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.

Finance of America'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 )
=(27061.108-548.305)/20872.655
=1.27

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=27107.59 - 46.482
=27061.108

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26835.183 - 25358.399 - 928.479
=548.305

Finance of America'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 )
=(27061.108-548.305)/26397.462
=1.00

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=27107.59 - 46.482
=27061.108

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26835.183 - 25358.399 - 928.479
=548.305

* 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.

Finance of America Scaled Net Operating Assets Related Terms

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Finance of America (Finance of America) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Finance of America Companies Inc (NYSE:FOA) » Definitions » Scaled Net Operating Assets
Comparable Companies
SEZL OPFI NICK CURO JT MCVT SPFX PT CFNB CAFI V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN SYF
Traded in Other Exchanges
N/A
Address
5830 Granite Parkway, Suite 400, Plano, TX, USA, 75024
Website
https://www.financeofamerica.com
Finance of America Companies Inc provides a diverse selection of lending products and services. Its products include home loans, reverse mortgages, commercial loans and lender services. Its operating segments include Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management.
Executives
Kristen N Sieffert officer: President C/O FINANCE OF AMERICA COMPANIES INC., 5830 GRANITE PARKWAY, SUITE 400, PLANO TX 75024
Reza Jahangiri 10 percent owner C/O AMERICAN ADVISORS GROUP, INC., 18200 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92612
Bloom Retirement Holdings Inc. 10 percent owner 3800 W. CHAPMAN AVENUE, THIRD FLOOR, ORANGE CA 92868
Lauren Richmond officer: Chief Legal Officer C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Blackstone Tactical Opportunities Fund - S - Nq L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Associates - Nq L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Edmond Safra 10 percent owner C/O REPLAY ACQUISITION CORP., 767 FIFTH AVENUE, 46TH FLOOR, NEW YORK NY 10153
D1 Capital Partners L.p. 10 percent owner 9 WEST 57TH STREET, 36TH FLOOR, NEW YORK NY 10019
Patricia Cook director, officer: Chief Executive Officer C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Graham Fleming officer: President C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Brian L Libman director, 10 percent owner CLAYTON HOLDINGS, INC., 2 CORPORATE DRIVE, SHELTON CT 06484
Johan Gericke officer: EVP, Chief Financial Officer C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Blackstone Tactical Opportunities Fund - O - Nq L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Fund - L - Nq L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Fund - N - Nq L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154