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Ellington Credit Co (STU:73Z) Scaled Net Operating Assets : 0.13 (As of Mar. 2024)


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What is Ellington Credit Co 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.

Ellington Credit Co's operating assets for the quarter that ended in Mar. 2024 was €866.19 Mil. Ellington Credit Co's operating liabilities for the quarter that ended in Mar. 2024 was €755.36 Mil. Ellington Credit Co's Total Assets for the quarter that ended in Dec. 2023 was €867.20 Mil. Therefore, Ellington Credit Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.13.

Ellington Credit Co 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.

Ellington Credit Co'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 )
=(831.863-742.267)/994.629
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=867.198 - 35.335
=831.863

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=742.267 - 0 - 0
=742.267

Ellington Credit Co'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 )
=(866.193-755.356)/867.198
=0.13

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=886.84 - 20.647
=866.193

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=755.356 - 0 - 0
=755.356

* 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.

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Ellington Credit Co (STU:73Z) Business Description

Industry
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Traded in Other Exchanges
EARN:USA 73Z:Germany
Address
53 Forest Avenue, Old Greenwich, CT, USA, 06870
Website
http://www.earnreit.com
Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.