GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ellington Credit Co (FRA:73Z) » Definitions » Scaled Net Operating Assets

Ellington Credit Co (FRA:73Z) Scaled Net Operating Assets : 0.17 (As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Ellington Credit Co 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.

Ellington Credit Co's operating assets for the quarter that ended in Sep. 2024 was €654.63 Mil. Ellington Credit Co's operating liabilities for the quarter that ended in Sep. 2024 was €505.17 Mil. Ellington Credit Co's Total Assets for the quarter that ended in Jun. 2024 was €867.18 Mil. Therefore, Ellington Credit Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.17.

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 )
=(831.863-742.267)/994.629
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=867.198 - 35.335
=831.863

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=742.267 - 0 - 0
=742.267

Ellington Credit Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(654.627-505.167)/867.182
=0.17

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=677.825 - 23.198
=654.627

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=505.167 - 0 - 0
=505.167

* 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.

Ellington Credit Co Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Ellington Credit Co's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Ellington Credit Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ellington Credit Co (FRA:73Z) » Definitions » Scaled Net Operating Assets
Comparable Companies
CHMI ACR LFT MITT LOAN AJX WMC AAIC SACH SEVN NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR
Traded in Other Exchanges
EARN:USA
Address
53 Forest Avenue, Old Greenwich, CT, USA, 06870
Website
https://www.ellingtoncredit.com
Ellington Credit Co is focused on corporate collateralized loan obligations (CLOs). It focuses on acquiring, investing in, and managing secondary CLO mezzanine debt and equity tranches. The company relies on strong risk management, including disciplined liquidity management and selective use of credit hedges, to preserve book value during times of stress. It also leverages Ellington's proprietary technology, analytics and risk management systems to enhance underwriting and investment selection and to guide ongoing portfolio monitoring and surveillance.