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Ares Commercial Real Estate (FRA:41I) Scaled Net Operating Assets : 0.86 (As of Mar. 2024)


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What is Ares Commercial Real Estate 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.

Ares Commercial Real Estate's operating assets for the quarter that ended in Mar. 2024 was €1,824.39 Mil. Ares Commercial Real Estate's operating liabilities for the quarter that ended in Mar. 2024 was €27.64 Mil. Ares Commercial Real Estate's Total Assets for the quarter that ended in Dec. 2023 was €2,090.56 Mil. Therefore, Ares Commercial Real Estate's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.86.

Ares Commercial Real Estate 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.

Ares Commercial Real Estate'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 )
=(1989.265-33.873)/2381.714
=0.82

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2090.556 - 101.291
=1989.265

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1516.652 - 896.067 - 586.712
=33.873

Ares Commercial Real Estate's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(1824.388-27.643)/2090.556
=0.86

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1941.841 - 117.453
=1824.388

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1388.839 - 1361.196 - 0
=27.643

* 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.

Ares Commercial Real Estate Scaled Net Operating Assets Related Terms

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Ares Commercial Real Estate (FRA:41I) Business Description

Industry
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Traded in Other Exchanges
ACRE:USA 41I:Germany
Address
245 Park Avenue, 42nd Floor, New York, NY, USA, 10167
Website
https://www.arescre.com
Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segment namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.