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TF Bank AB (OSTO:TFBANK) Scaled Net Operating Assets : 0.11 (As of Mar. 2024)


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What is TF Bank AB 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.

TF Bank AB's operating assets for the quarter that ended in Mar. 2024 was kr24,052 Mil. TF Bank AB's operating liabilities for the quarter that ended in Mar. 2024 was kr21,454 Mil. TF Bank AB's Total Assets for the quarter that ended in Dec. 2023 was kr23,947 Mil. Therefore, TF Bank AB's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.11.

TF Bank AB 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.

TF Bank AB'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 )
=(23927.842-21280.081)/18376.457
=0.14

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=23946.758 - 18.916
=23927.842

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21785.844 - 505.763 - 0
=21280.081

TF Bank AB'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 )
=(24051.992-21454.235)/23946.758
=0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=24070.51 - 18.518
=24051.992

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21801.448 - 347.213 - 0
=21454.235

* 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.

TF Bank AB Scaled Net Operating Assets Related Terms

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TF Bank AB (OSTO:TFBANK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TF Bank AB (OSTO:TFBANK) » Definitions » Scaled Net Operating Assets
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TSE:2341 TSE:3678 TSE:9479 TSE:9476 TSE:3931 TSE:2408 TSE:3641 TSE:2376 NGO:9471 TSE:2481 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
6TF:Germany
Address
Lilla Brogatan 6, PO Box 947, Boras, SWE, 50110
Website
https://www.tfbankgroup.com
TF Bank AB is an internet-based niche bank which offers consumer banking services and Ecommerce Solutions through a proprietary IT platform with a high degree of automation. It is engaged in deposit and lending operations for private individuals in Sweden and Finland, as well as cross-border lending operations in Norway, Denmark, Estonia, Latvia, and Poland. The company operates through three segments Consumer Lending, Ecommerce Solutions, and Credit Cards.