RC (Ready Capital) Scaled Net Operating Assets: 0.51 (As of Mar. 2026)


RC Ready Capital Corp RC
31 GF Score
Price $1.71
GF Value $0.65
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Ready Capital Scaled Net Operating Assets?

Ready Capital RC +1.79% 31 Scaled Net Operating Assets is 0.51 as of Mar. 2026. GuruFocus rates RC with a GF Score™ of 31/100 and a GF Value™ of $0.65 (Significantly Overvalued). The stock has 1 warning sign investors should review.

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 Mar. 2026 was $6,113.06 Mil. Ready Capital's operating liabilities for the quarter that ended in Mar. 2026 was $2,162.14 Mil. Ready Capital's Total Assets for the quarter that ended in Dec. 2025 was $7,769.80 Mil. Therefore, Ready Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.51.

RC
31GF Score
Ready Capital Corp RC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(7561.952-2602.14)/10141.921
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7769.796 - 207.844
=7561.952

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6126.529 - 3139.273 - 385.116
=2602.14

Ready Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(6113.055-2162.137)/7769.796
=0.51

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6314.288 - 201.233
=6113.055

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4873.949 - 2353.812 - 358
=2162.137

* 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.

What does a Scaled Net Operating Assets of 0.51 mean?
Ready Capital (RC) has a Scaled Net Operating Assets of 0.51 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ready Capital and its competitors.
Is Ready Capital's Scaled Net Operating Assets too high?
Ready Capital's current Scaled Net Operating Assets is 0.51. Overall, Ready Capital has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ready Capital's Scaled Net Operating Assets compare to NREF and ACRE?
Ready Capital's Scaled Net Operating Assets of 0.51 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ready Capital and its competitors. Ready Capital's current Scaled Net Operating Assets is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ready Capital stock overvalued right now?
Based on GuruFocus' analysis, Ready Capital (RC) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.65, compared to a current price of $1.71 — trading 163.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.51. Ready Capital's overall GF Score™ is 31/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ready Capital (RC), the current Scaled Net Operating Assets is 0.51 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ready Capital (RC) Overvalued in 2026?

Based on GuruFocus' analysis, Ready Capital stock appears to be overvalued. The current stock price of $1.71 is trading 163.1% above its estimated GF Value™ of $0.65. GuruFocus considers Ready Capital to be Significantly Overvalued.

Key valuation signals for RC:

  • Scaled Net Operating Assets: 0.51
  • GF Value™: $0.65 vs. price of $1.71 (163.1% above fair value)
  • GF Score™: 31/100 with 1 warning sign

No single metric tells the full story. See the RC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ready Capital Business Description

Industry Real EstateREITs
Other Exchanges RCpC.PFD:USA0SZ:Germany
Address 1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020
Ready Capital Corp is a real estate finance company that originates, acquires, finances, and services LMM loans, SBA loans, construction loans, USDA loans and, to a lesser extent, MBS collateralized mainly by LMM loans or other real estate-related investments. Its loans are used by businesses to purchase real estate used in their operations or by investors seeking to acquire multi-family, office, retail, mixed use or warehouse properties. It operates through two segments: LMM Commercial Real Estate, which originates LMM loans across the life-cycle of an LMM property including construction, bridge, stabilized and agency loan channels, and Small Business Lending, which acquires, originates and services owner-occupied loans guaranteed by the SBA and also originates and services USDA loans.
31GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.71
Price
$0.65
GF Value