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Rithm Capital (LTS:0K76) Scaled Net Operating Assets : 0.58 (As of Mar. 2024)


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What is Rithm 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.

Rithm Capital's operating assets for the quarter that ended in Mar. 2024 was $25,695 Mil. Rithm Capital's operating liabilities for the quarter that ended in Mar. 2024 was $5,204 Mil. Rithm Capital's Total Assets for the quarter that ended in Dec. 2023 was $35,312 Mil. Therefore, Rithm Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.58.

Rithm 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.

Rithm 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 )
=(34024.586-4092.038)/32479.336
=0.92

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=35311.785 - 1287.199
=34024.586

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28210.747 - 24118.709 - 0
=4092.038

Rithm Capital'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 )
=(25695.177-5204.231)/35311.785
=0.58

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=42120.928 - 16425.751
=25695.177

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=34877.556 - 29673.325 - 0
=5204.231

* 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.

Rithm Capital Scaled Net Operating Assets Related Terms

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Rithm Capital (LTS:0K76) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rithm Capital Corp (LTS:0K76) » Definitions » Scaled Net Operating Assets
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Address
799 Broadway, New York, NY, USA, 10003
Website
https://www.rithmcap.com
Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) and loans (including single family rental), and consumer loans.