MBNKP.PFD (Medallion Bank) Scaled Net Operating Assets : 0.15 (As of Sep. 2024)

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What is Medallion Bank 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.

Medallion Bank's operating assets for the quarter that ended in Sep. 2024 was $2,564.00 Mil. Medallion Bank's operating liabilities for the quarter that ended in Sep. 2024 was $2,189.31 Mil. Medallion Bank's Total Assets for the quarter that ended in Jun. 2024 was $2,443.39 Mil. Therefore, Medallion Bank's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.15.

Medallion Bank 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.

Medallion Bank'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 )
=	(2260.434	-	1907.248)	/	1950.827
=	0.18

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2262.056	-	1.622
=	2260.434

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1910.263	-	3.015	-	0
=	1907.248

Medallion Bank'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 )
=	(2564.001	-	2189.31)	/	2443.392
=	0.15

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2567.611	-	3.61
=	2564.001

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2191.91	-	2.6	-	0
=	2189.31

* 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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Medallion Bank Business Description

Industry

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Traded in Other Exchanges

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Address

1100 East 6600 South, Suite 510, Salt Lake, UT, USA, 84121

Website

https://www.medallionbank.com

Medallion Bank is engaged in providing consumer loans, raising deposits, and manages other banking activities. It offers affordable financing for home improvement contractors, including window, siding, and roof replacements, kitchen, bath and basement remodels, HVAC (Heating Ventilation and Air Conditioning), and solar PV installations. Medallion also offers recreation financing for new and used motorhomes, towable RVs, truck campers, cargo trailers, utility trailers, horse trailers, and a variety of ATVs and other power sport vehicles. Its segments are Recreation; Home Improvement; and Other. The company generates maximum revenue from the Recreation segment.