First National Financial (TSX:FN) Scaled Net Operating Assets : 0.93 (As of Mar. 2024)

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What is First National Financial 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.

First National Financial's operating assets for the quarter that ended in Mar. 2024 was C$45,766.0 Mil. First National Financial's operating liabilities for the quarter that ended in Mar. 2024 was C$2,977.1 Mil. First National Financial's Total Assets for the quarter that ended in Dec. 2023 was C$45,957.4 Mil. Therefore, First National Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.93.

First National Financial 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.

First National Financial'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 )
=	(45957.399	-	4607.407)	/	43763.672
=	0.94

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	45957.399	-	0
=	45957.399

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	45219.636	-	40612.229	-	0
=	4607.407

First National Financial'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 )
=	(45765.958	-	2977.112)	/	45957.399
=	0.93

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	45765.958	-	0
=	45765.958

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	44998.686	-	42021.574	-	0
=	2977.112

* 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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First National Financial (TSX:FN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Financial Corp (TSX:FN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FNLIF:USA 63Z:Germany FN.PR.B.PFD:Canada FN.PR.A.PFD:Canada

Address

16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6

Website

https://www.firstnational.ca

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through securitization conduits, in each case with retained servicing. In general, originations are allocated from one funding source to another depending on market conditions and strategic considerations related to maintaining diversified funding sources.

Executives

Martine Irman

Director