Global International Credit Group (HKSE:01669) Scaled Net Operating Assets : 0.86 (As of Jun. 2024)

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What is Global International Credit Group 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.

Global International Credit Group's operating assets for the quarter that ended in Jun. 2024 was HK$836.85 Mil. Global International Credit Group's operating liabilities for the quarter that ended in Jun. 2024 was HK$39.32 Mil. Global International Credit Group's Total Assets for the quarter that ended in Dec. 2023 was HK$930.74 Mil. Therefore, Global International Credit Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.86.

Global International Credit Group 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.

Global International Credit Group'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 )
=	(874.476	-	8.981)	/	943.941
=	0.92

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	930.74	-	56.264
=	874.476

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15.616	-	6.635	-	0
=	8.981

Global International Credit Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(836.851	-	39.316)	/	930.74
=	0.86

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	963.832	-	126.981
=	836.851

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	44.012	-	4.696	-	0
=	39.316

* 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.

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Global International Credit Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Global International Credit Group Ltd (HKSE:01669) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Des Voeux Road Central, Unit 01, 12th Floor, World-Wide House, Hong Kong, HKG

Website

https://www.gicl.com.hk

Global International Credit Group Ltd is engaged in the money lending business. The company provides short-term and long-term property mortgage loans to customers in Hong Kong. It provides flexible loan solutions, property mortgage loans, and personal loans. Its revenue is generated from the money lending business of providing property mortgage loans and personal loans in Hong Kong.