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SpareBank 1 Nordmore (OSL:SNOR) Scaled Net Operating Assets : 0.36 (As of Mar. 2024)


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What is SpareBank 1 Nordmore 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 Nordmore's operating assets for the quarter that ended in Mar. 2024 was kr27,384.0 Mil. SpareBank 1 Nordmore's operating liabilities for the quarter that ended in Mar. 2024 was kr17,382.0 Mil. SpareBank 1 Nordmore's Total Assets for the quarter that ended in Dec. 2023 was kr27,557.0 Mil. Therefore, SpareBank 1 Nordmore's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.36.

SpareBank 1 Nordmore 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 Nordmore'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 )
=(27469-17232)/27108
=0.38

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=27557 - 88
=27469

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23795 - 6563 - 0
=17232

SpareBank 1 Nordmore'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 )
=(27384-17382)/27557
=0.36

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=27474 - 90
=27384

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23631 - 6249 - 0
=17382

* 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 Nordmore (OSL:SNOR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 Nordmore (OSL:SNOR) » Definitions » Scaled Net Operating Assets
Comparable Companies
OSL:SPOG OSL:TOTG OSL:JAREN OSL:AURG OSL:MOBA OSL:LEA OSL:INSTA OSL:GRONG OSL:BIEN OSL:SB68 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
MZ3:Germany
Address
Langveien 21, P.O. Box 23, Kristiansund, NOR, 6501
Website
https://www.sparebank1.no
SpareBank 1 Nordmore, formerly Sparebank 1 Nordvest is an independent and local bank in More og Romsdal. The company offers banking products and services including deposits, lending, property loans, Mobile and Online banking, and offers insurance services to private clients as well as companies.