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HG Holdings (HG Holdings) Scaled Net Operating Assets : 0.46 (As of Mar. 2024)


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What is HG Holdings 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.

HG Holdings's operating assets for the quarter that ended in Mar. 2024 was $33.07 Mil. HG Holdings's operating liabilities for the quarter that ended in Mar. 2024 was $13.62 Mil. HG Holdings's Total Assets for the quarter that ended in Dec. 2023 was $41.90 Mil. Therefore, HG Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.46.


HG Holdings 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.

HG Holdings'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 )
=(31.657-8.893)/41.103
=0.55

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=41.904 - 10.247
=31.657

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9.483 - 0.59 - 0
=8.893

HG Holdings'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 )
=(33.07-13.616)/41.904
=0.46

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=46.477 - 13.407
=33.07

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.116 - 0.5 - 0
=13.616

* 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.


HG Holdings Scaled Net Operating Assets Related Terms

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HG Holdings (HG Holdings) Business Description

Traded in Other Exchanges
N/A
Address
2115 East 7th Street, Suite 101, Charlotte, NC, USA, 28204
HG Holdings, Inc, together with its consolidated subsidiaries, operates through its wholly owned subsidiarie. The Company engages in the business of providing title insurance through the subsidiary NCTIC and providing title agency services through the subsidiaries NCTG, TAV, and Omega. Through NCTIC, the Company underwrites land title insurance for owners and mortgagees as the primary insurer. The Company currently only provides title insurance services in the state of Florida.
Executives
Peter Mark Sherman director 4409 MICKLETON ROAD, CHARLOTTE NC 28226
Justin Hayles Edenfield officer: Prin. Accting & Fin. Officer 6265 OLD WATER OAK ROAD, SUITE 204, TALLAHASSEE FL 32312
Hale Partnership Capital Management, Llc 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Solas Capital Management, Llc 10 percent owner 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Hale Partnership Fund, L.p. 10 percent owner 3335 PARK SOUTH STATION BLVD., CHARLOTTE NC 28210
Matthew Hultquist director ONE CORPORATE CENTER, RYE NY 10580
Bradley G Garner officer: CFO and CAO 2115 E. 7TH STREET, SUITE 101, CHARLOTTE NC 28211
Hale Steven A Ii director, 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Matthew Wood Smith officer: Interim Chief Exec. Officer 200 N. HAMILTON STREET, HIGH POINT NC 27260
Jeffrey Stuart Gilliam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Tucker Golden Frederick 10 percent owner C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Michael P Haley director 200 NORTH HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Talanta Investment Group, Llc director, 10 percent owner 401 N. TRYON STREET, 10TH FLOOR, CHARLOTTE NC 28202
Justyn Rendal Putnam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Ian Dundee Lapey director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260