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LMFA (LM Funding America) Scaled Net Operating Assets : 0.85 (As of Sep. 2024)


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What is LM Funding 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.

LM Funding America's operating assets for the quarter that ended in Sep. 2024 was $30.60 Mil. LM Funding America's operating liabilities for the quarter that ended in Sep. 2024 was $1.47 Mil. LM Funding America's Total Assets for the quarter that ended in Jun. 2024 was $34.14 Mil. Therefore, LM Funding America's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.85.

LM Funding 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.

LM Funding 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 )
=(35.29-2.087)/53.19
=0.62

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=37.713 - 2.423
=35.29

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.851 - 0.086 - 0.678
=2.087

LM Funding America'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 )
=(30.602-1.465)/34.137
=0.85

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=36.536 - 5.934
=30.602

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.944 - 4.849 - 1.63
=1.465

* 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.

LM Funding America Scaled Net Operating Assets Related Terms

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LM Funding America Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LM Funding America Inc (NAS:LMFA) » Definitions » Scaled Net Operating Assets
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COSG SNTG AIHS NISN SUNL DXF RAHGF NECAD BWMY PT V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
N/A
Address
1200 Platt Street, Suite 1000, Tampa, FL, USA, 33602
Website
http://www.lmfunding.com
LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations, which generate the majority of its revenue.
Executives
Ryan H Duran officer: Chief Financial Officer 3408 W. CHEROKEE AVE, TAMPA FL 33611
Andrew L. Graham director 3802 COCONUT PALM DRIVE, TAMPA FL 33619
Martin A Traber director 100 N TAMPA STREET, SUITE 2700, TAMPA FL 33602
Bruce M. Rodgers director, officer: Chairman, CEO and President 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602
Richard D. Russell officer: Vice President of Operations 3201 W BAY VISTA AVE, TAMPA FL 33611
Tian Zhang director 1200 WEST PLATT STREET, SUITE 100, TAMPA FL 33606
Douglas I. Mccree director 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602
Mint Capital Advisors Ltd 10 percent owner WESTERN ROAD, NASSAU C5 00000
Frank Charles Silcox director FS VENTURES, LLC, 315 S. PLANT AVENUE, TAMPA FL 33606
User-friendly Holding, Llc 10 percent owner 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
User-friendly Phone Book, Llc 10 percent owner 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
Xueyuan Han 10 percent owner 22 WHITE PLACE, WEST ORANGE NJ 07052
Bz Industrial Ltd 10 percent owner 22 WHITE PLACE, WEST ORANGE NJ 07052
Craven House Capital North America Llc 10 percent owner 107 WEST FEDERAL ST. PO BOX 480, MIDDLEBURG VA 20018-0480
Frederick J Mills director 3006 EUCLID AVE, TAMPA FL 33611