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Ready Capital (Ready Capital) Scaled Net Operating Assets : 0.75 (As of Mar. 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 Mar. 2024 was $11,877.52 Mil. Ready Capital's operating liabilities for the quarter that ended in Mar. 2024 was $2,564.47 Mil. Ready Capital's Total Assets for the quarter that ended in Dec. 2023 was $12,441.22 Mil. Therefore, Ready Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.75.

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 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 )
=(11877.519-2564.471)/12441.217
=0.75

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12043.532 - 166.013
=11877.519

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9543.65 - 6779.039 - 200.14
=2564.471

* 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 (Ready Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ready Capital Corp (NYSE:RCPD.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
RCPC.PFD:USA RC: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 SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.