Builders Capital Mortgage (TSXV:BCF) Scaled Net Operating Assets : 0.97 (As of Mar. 2024)

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What is Builders Capital Mortgage 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.

Builders Capital Mortgage's operating assets for the quarter that ended in Mar. 2024 was C$32.96 Mil. Builders Capital Mortgage's operating liabilities for the quarter that ended in Mar. 2024 was C$0.68 Mil. Builders Capital Mortgage's Total Assets for the quarter that ended in Dec. 2023 was C$33.35 Mil. Therefore, Builders Capital Mortgage's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.97.

Builders Capital Mortgage 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.

Builders Capital Mortgage'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 )
=	(33.353	-	0.678)	/	35.72
=	0.91

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	33.354	-	0.001
=	33.353

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.978	-	0	-	3.3
=	0.678

Builders Capital Mortgage'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 )
=	(32.956	-	0.676)	/	33.354
=	0.97

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	32.957	-	0.001
=	32.956

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.579	-	0	-	2.903
=	0.676

* 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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Builders Capital Mortgage (TSXV:BCF) Business Description

Industry

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Address

260 - 1414 8th Street SW, Calgary, AB, CAN, T2R 1J6

Website

https://www.builderscapital.ca

Builders Capital Mortgage Corp is a mortgage lender providing short?term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. Its investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for mortgage investment corporations (MIC).