SpareBank 1 Ringerike Hadeland (OSL:RING) Scaled Net Operating Assets : 0.32 (As of Mar. 2024)

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What is SpareBank 1 Ringerike Hadeland 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.

SpareBank 1 Ringerike Hadeland's operating assets for the quarter that ended in Mar. 2024 was kr30,575 Mil. SpareBank 1 Ringerike Hadeland's operating liabilities for the quarter that ended in Mar. 2024 was kr20,765 Mil. SpareBank 1 Ringerike Hadeland's Total Assets for the quarter that ended in Dec. 2023 was kr30,294 Mil. Therefore, SpareBank 1 Ringerike Hadeland's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.32.

SpareBank 1 Ringerike Hadeland 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.

SpareBank 1 Ringerike Hadeland'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 )
=	(30191	-	19812)	/	29610
=	0.35

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	30294	-	103
=	30191

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	25540	-	5728	-	0
=	19812

SpareBank 1 Ringerike Hadeland'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 )
=	(30575	-	20765)	/	30294
=	0.32

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	30678	-	103
=	30575

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	26104	-	5339	-	0
=	20765

* 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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SpareBank 1 Ringerike Hadeland (OSL:RING) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Southern Torv 6, Honefoss, NOR, 3510

Website

https://www.sparebank1.no

SpareBank 1 Ringerike Hadeland is a savings bank in Norway offering financing, placement, payment services, pensions, and life insurance. Its business is organized into two sections, personal and corporate market. The Bank serves less self-employed, agricultural, and business class customers as well. The Bank also provides credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.