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MCAN Financial Group (TSX:MKP) Scaled Net Operating Assets : 0.11 (As of Mar. 2024)


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What is MCAN Financial Group 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.

MCAN Financial Group's operating assets for the quarter that ended in Mar. 2024 was C$4,816.2 Mil. MCAN Financial Group's operating liabilities for the quarter that ended in Mar. 2024 was C$4,292.2 Mil. MCAN Financial Group's Total Assets for the quarter that ended in Dec. 2023 was C$4,739.1 Mil. Therefore, MCAN Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.11.

MCAN Financial Group 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.

MCAN Financial Group'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 )
=(4678.742-4140.86)/4078.676
=0.13

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4739.087 - 60.345
=4678.742

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4207.243 - 66.383 - 0
=4140.86

MCAN Financial Group'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 )
=(4816.161-4292.233)/4739.087
=0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4894.436 - 78.275
=4816.161

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4318.019 - 25.786 - 0
=4292.233

* 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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MCAN Financial Group (TSX:MKP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MCAN Financial Group (TSX:MKP) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
MAMTF:USA 885:Germany
Address
200 King Street West, Suite 600, Toronto, ON, CAN, M5H 3T4
Website
https://www.mcanfinancial.com
MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives majority of its revenues from mortgage income and equity income.
Executives
Glenn Doré Director