BankNordik P/F (OCSE:BNORDIK CSE) Scaled Net Operating Assets : 0.05 (As of Mar. 2024)

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What is BankNordik P/F 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.

BankNordik P/F's operating assets for the quarter that ended in Mar. 2024 was kr10,972.7 Mil. BankNordik P/F's operating liabilities for the quarter that ended in Mar. 2024 was kr10,317.9 Mil. BankNordik P/F's Total Assets for the quarter that ended in Dec. 2023 was kr12,944.8 Mil. Therefore, BankNordik P/F's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.05.

BankNordik P/F 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.

BankNordik P/F'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 )
=	(10888.793	-	9789.344)	/	12167.073
=	0.09

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	12944.835	-	2056.042
=	10888.793

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10942.693	-	1153.349	-	0
=	9789.344

BankNordik P/F'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 )
=	(10972.732	-	10317.855)	/	12944.835
=	0.05

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	13377.435	-	2404.703
=	10972.732

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11400.036	-	1082.181	-	0
=	10317.855

* 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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BankNordik P/F (OCSE:BNORDIK CSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankNordik P/F (OCSE:BNORDIK CSE) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

BNW:Germany

Address

Oknarvegur 5, P.O. Box 3048, Torshavn, FRO, FO-110

Website

https://www.banknordik.fo

BankNordik P/F is a banking company. The bank provides a range of banking products and financial services to private and corporate customers. Its business units includes Banking and Non-life insurance. The Banking unit comprises Personal Banking and Corporate Banking. Personal Banking comprises private customers in the Faroe Islands and Greenland. Corporate Banking comprises corporate customers mainly in the Faroe Islands and in Greenland. The corporate also comprises a few remaining corporate customers from Denmark. Non-life insurance comprises the insurance company P/F TRYGD based The Faroe Islands. TRYGD is responsible for the-life insurance products. The company operates in the Faroe Islands, Denmark and Greenland of which key revenue is derived from the Faroe Islands.