LOAN (Manhattan Bridge Capital) Scaled Net Operating Assets : 0.99 (As of Sep. 2024)

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What is Manhattan Bridge Capital 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.

Manhattan Bridge Capital's operating assets for the quarter that ended in Sep. 2024 was $70.53 Mil. Manhattan Bridge Capital's operating liabilities for the quarter that ended in Sep. 2024 was $2.15 Mil. Manhattan Bridge Capital's Total Assets for the quarter that ended in Jun. 2024 was $68.79 Mil. Therefore, Manhattan Bridge Capital's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.99.

Manhattan Bridge Capital 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.

Manhattan Bridge Capital'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 )
=	(76.331	-	2.302)	/	76.28
=	0.97

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	76.435	-	0.104
=	76.331

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	33.502	-	6.048	-	25.152
=	2.302

Manhattan Bridge Capital'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 )
=	(70.534	-	2.146)	/	68.792
=	0.99

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	70.702	-	0.168
=	70.534

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	27.431	-	6.115	-	19.17
=	2.146

* 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.

Manhattan Bridge Capital Scaled Net Operating Assets Related Terms

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Manhattan Bridge Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Manhattan Bridge Capital Inc (NAS:LOAN) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

60 Cutter Mill Road, Suite 205, Great Neck, NY, USA, 11021

Website

https://www.manhattanbridgecapital.com

Manhattan Bridge Capital Inc is a real estate finance company taxed as a REIT that specializes in originating, servicing and managing a portfolio of first mortgage loans. The company offers short-term, secured, non-banking loans which may renew or extend, before or after their initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation or development of residential or commercial properties located in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.

Executives

Assaf Ran	director, 10 percent owner, officer: President & CEO	C/O DAG MEDIA INC, 125-10 QUEENS BOULEVARD, KEN GARDENS NY 11415
Michael Jackson	director	AGENCY.COM, 20 EXCHANGE PL, NEW YORK NY 10005
Lyron L Bentovim	director	60 CUTTER MILL ROAD, GREAT NECK, NEW YORK NY 11021
Vanessa Kao	officer: CFO	C/O MANHATTAN BRIDGE CAPITAL, INC., 60 CUTTER MILL ROAD, GREAT NECK NY 11021
Eran Goldshmid	director	C/O DAG MEDIA INC, 125-10 QUEENS BOULEVARD, KEN GARDENS NY 11415
Phillip Michals	director	C/O DAG MEDIA INC, 125-10 QUEENS BOULEVARD, KEN GARDENS NY 11415
Inbar Evron-yogev	officer: Chief Financial Officer	792 COLUMBUS AVENUE, NEW YORK NY 10025
Mark Alhadeff	director	520 EAST 11TH STREET, NEW YORK NY 10009
Yael Shimor Golan	director, officer: CFO	247 W 57TH ST, NEW YORK NY 10019
Hummingbird Value Fund Lp	10 percent owner, other: See footnote 1.	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	10 percent owner, other: See footnote 1.	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Paul D Sonkin	10 percent owner, other: See footnote 1.	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Microcap Value Fund Lp	10 percent owner, other: See footnote 1.	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	10 percent owner, other: See footnote 1.	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Stephen A Zelnick	director