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Avangrid (Avangrid) Scaled Net Operating Assets : 0.77 (As of Mar. 2024)


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What is Avangrid 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.

Avangrid's operating assets for the quarter that ended in Mar. 2024 was $44,910 Mil. Avangrid's operating liabilities for the quarter that ended in Mar. 2024 was $10,985 Mil. Avangrid's Total Assets for the quarter that ended in Dec. 2023 was $43,989 Mil. Therefore, Avangrid's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.77.


Avangrid Scaled Net Operating Assets Historical Data

The historical data trend for Avangrid's Scaled Net Operating Assets can be seen below:

* 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.

* Premium members only.

Avangrid Scaled Net Operating Assets Chart

Avangrid Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.74 0.72 0.75 0.80

Avangrid Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.75 0.76 0.77 0.77

Competitive Comparison of Avangrid's Scaled Net Operating Assets

For the Utilities - Regulated Electric subindustry, Avangrid's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Avangrid's Scaled Net Operating Assets Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Avangrid's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Avangrid's Scaled Net Operating Assets falls into.



Avangrid 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.

Avangrid'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 )
=(43898-11114)/41123
=0.80

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=43989 - 91
=43898

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23313 - 10183 - 2016
=11114

Avangrid'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 )
=(44910-10985)/43989
=0.77

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45062 - 152
=44910

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24173 - 10067 - 3121
=10985

* 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.


Avangrid Scaled Net Operating Assets Related Terms

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Avangrid (Avangrid) Business Description

Traded in Other Exchanges
Address
180 Marsh Hill Road, Orange, CT, USA, 06477
Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates more than 8.6 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.
Executives
Alan D Solomont director C/O IBERDROLA USA, INC., DURHAM HALL, 52 FARM VIEW DRIVE, NEW GLOUCESTER ME 04260
Justin Lagasse officer: Interim Controller C/O AVANGRID, INC., 162 CANCO ROAD, PORTLAND ME 04103
Martin Agustin Delgado director 162 CANCO ROAD, PORTLAND ME 04103
Banez Garcia Maria Fatima director 162 CANCO ROAD, PORTLAND ME 04103
Camille Joseph Varlack director 162 CANCO ROAD, PORTLAND ME 04103
Patricia C Cosgel officer: See Below 162 CANCO ROAD, PORTLAND ME 04103
William Henry White officer: See Below 162 CANCO ROAD, PORTLAND ME 04103
Miranda Soto Jose Antonio officer: See Below 162 CANCO RD, PORTLAND ME 04103
Joseph A Purington officer: See Below 162 CANCO ROAD, PORTLAND ME 04103
S.a. Iberdrola, 10 percent owner CARDENAL GARDOQUI, 8, BILBAO U3 48008
Catherine S Stempien officer: See Below 162 CANCO ROAD, PORTLAND ME 04103
Dennis V Arriola director, officer: Chief Executive Officer 162 CANCO ROAD, PORTLAND ME 04103
Franklyn Reynolds officer: See Below 162 CANCO ROAD, PORTLAND ME 04103
Marra Rodriguez Jose Angel director 162 CANCO ROAD, PORTLAND ME 04103
David T Flanagan director, officer: See Below C/O ENERGY EAST CORPORATON, PO BOX 1290 STE 1955 1 COMMERCE PLAZA, ALBANY NY 12212-2904