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RC (Ready Capital) Scaled Net Operating Assets : 0.72 (As of Sep. 2024)


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What is Ready 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.

Ready Capital's operating assets for the quarter that ended in Sep. 2024 was $11,071.72 Mil. Ready Capital's operating liabilities for the quarter that ended in Sep. 2024 was $2,595.17 Mil. Ready Capital's Total Assets for the quarter that ended in Jun. 2024 was $11,774.33 Mil. Therefore, Ready Capital's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.72.

Ready 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.

Ready 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 )
=(12302.685-2558.716)/11620.977
=0.84

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12441.217 - 138.532
=12302.685

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9802.816 - 7094.177 - 149.923
=2558.716

Ready 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 )
=(11071.72-2595.173)/11774.333
=0.72

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11253.044 - 181.324
=11071.72

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8922.997 - 6025.871 - 301.953
=2595.173

* 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.

Ready Capital Scaled Net Operating Assets Related Terms

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Ready Capital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ready Capital Corp (NYSE:RC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
RCpC.PFD:USA 0SZ:Germany
Address
1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020
Website
https://www.readycapital.com
Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of LMM Commercial Real Estate and Small Business Lending. It generates the majority of its revenue from LMM Commercial Real Estate.
Executives
Gilbert E Nathan director C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Kevin M Luebbers director 850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120
Thomas E Capasse director, officer: Chairman of the Board and CEO SUTHERLAND ASSET MANAGEMENT CORPORATION, 1185 AVENUE OF THE AMERICAS, 18TH FLOOR, NEW YORK NY 10036
Pinkie Dent Mayfield director 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101
Daniel J. Hirsch director 748 DIAMOND STREET, SAN FRANCISCO CA 94114
Dominique Mielle director C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Meredith Marshall director 50 RIVERSIDE BLVD, APT 14C, NEW YORK NY 10069
Andrew Ahlborn officer: Chief Financial Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Erving Julius W Ii director DR J ENTERPRISES LLC, 3355 LENOX ROAD NE SUITE 750, ATLANTA GA 30326
Andrea Petro director C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FL., NEW YORK NY 10020
Adam Zausmer officer: Chief Credit Officer C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK NY 10020
Gary Taylor officer: Chief Operating Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
J Mitchell Reese director 210 MONTEREY DR. S., VERO BEACH FL 32963
Todd M. Sinai director C/O SUTHERLAND ASSET MANAGEMENT CORP, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Thomas Buttacavoli officer: Chief Investment Officer C/O SUTHERLAND ASSET MANAGEMENT CORP., 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036