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Standard Premium Finance Holdings (Standard Premium Finance Holdings) Scaled Net Operating Assets : 0.99 (As of Mar. 2024)


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What is Standard Premium Finance 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.

Standard Premium Finance Holdings's operating assets for the quarter that ended in Mar. 2024 was $67.49 Mil. Standard Premium Finance Holdings's operating liabilities for the quarter that ended in Mar. 2024 was $5.81 Mil. Standard Premium Finance Holdings's Total Assets for the quarter that ended in Dec. 2023 was $62.38 Mil. Therefore, Standard Premium Finance Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.99.

Standard Premium Finance 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.

Standard Premium Finance 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 )
=(62.33-4.237)/51.489
=1.13

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=62.375 - 0.045
=62.33

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=55.979 - 6.551 - 45.191
=4.237

Standard Premium Finance 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 )
=(67.485-5.811)/62.375
=0.99

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=67.486 - 0.001
=67.485

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=60.992 - 6.734 - 48.447
=5.811

* 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.

Standard Premium Finance Holdings Scaled Net Operating Assets Related Terms

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Standard Premium Finance Holdings (Standard Premium Finance Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Standard Premium Finance Holdings Inc (OTCPK:SPFX) » Definitions » Scaled Net Operating Assets
Comparable Companies
PT MCVT JT CAFI NISN COSG LMFA SNTG CURO NICK V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN SYF
Traded in Other Exchanges
N/A
Address
13590 SW 134th Avenue, Suite 214, Miami, FL, USA, 33186
Website
https://www.standardpremium.com
Standard Premium Finance Holdings Inc is a specialized finance company that makes collateralized loans to businesses and individuals to finance the insurance premiums they pay on their commercial property and casualty insurance policies. The company operates in the states of Arizona, Florida, Georgia, North Carolina, South Carolina, Texas and Tennessee. The company originate loans mainly in Florida, although it operates in several states. It generates the majority of its revenue through interest income and the associated fees earned from loan products.
Executives
John Leavitt director 13590 SW 134TH AVE #214, MIAMI FL 33186
Brian Krogol director, officer: CFO 13590 SW 134TH AVE #214, MIAMI FL 33186
William Koppelmann director, 10 percent owner, officer: CEO 13590 SW 134TH AVE #214, MIAMI FL 33186
Margaret Ruiz officer: Corporate Secretary 13590 SW 134TH AVE #214, MIAMI FL 33186
Victor Galliano officer: VP of Marketing 13590 SW 134TH AVE #214, MIAMI FL 33186
Robert Mattucci officer: VP of Sales 13590 SW 134TH AVE #214, MIAMI FL 33186
Ramon Mejido officer: VP of Technology 13590 SW 134TH AVE #214, MIAMI FL 33186
Samuel Konig director, officer: Executive Vice President 19707 TURNBERRY WAY, APT 27C, AVENTURA FL 33180
Bobby Story director, officer: Chief Financial Officer 14000 MILITARY TRAIL, SUITE 104, DELRAY BEACH FL 33484
Mark Eliot Kutner director 13590 SW 134TH AVE #214, MIAMI FL 33186
Carl Christian Hoechner director 13590 SW 134TH AVE #214, MIAMI FL 33186
Scott Howell director 13590 SW 134TH AVE #214, MIAMI FL 33186
Christopher Perrucci director 13590 SW 134TH AVE #214, MIAMI FL 33186
James Albert Wall director 13590 SW 134TH AVE #214, MIAMI FL 33186