Canadian Western Bank (Canadian Western Bank) Scaled Net Operating Assets : 0.16 (As of Jan. 2024)

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What is Canadian Western Bank 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.

Canadian Western Bank's operating assets for the quarter that ended in Jan. 2024 was $28,231.0 Mil. Canadian Western Bank's operating liabilities for the quarter that ended in Jan. 2024 was $23,394.0 Mil. Canadian Western Bank's Total Assets for the quarter that ended in Oct. 2023 was $30,863.6 Mil. Therefore, Canadian Western Bank's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.16.

Canadian Western Bank 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.

Canadian Western Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2023 )
=	(Operating Assets (A: Oct. 2023 )	-	Operating Liabilities (A: Oct. 2023 ))	/	Total Assets (A: Oct. 2022 )
=	(30706.165	-	22582.066)	/	30263.388
=	0.27

where

	Operating Assets		(A: Oct. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	30863.552	-	157.387
=	30706.165

	Operating Liabilities		(A: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	27926.952	-	5344.886	-	0
=	22582.066

Canadian Western Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(28231.045	-	23394.027)	/	30863.552
=	0.16

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	31807.251	-	3576.206
=	28231.045

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28711.418	-	5317.391	-	0
=	23394.027

* 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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Canadian Western Bank (Canadian Western Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Western Bank (OTCPK:CBWBF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

C7W:Germany CWB.PR.D.PFD:Canada CWB.PR.B.PFD:Canada CWB:Canada

Address

10303 Jasper Avenue, Suite 3000, Edmonton, AB, CAN, T5J 3X6

Website

https://www.cwb.com

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products. Canadian Western Trust is engaged in retirement, trustee, and custodial solutions for financial advisors, corporations, and individuals. The company receives maximum revenue from interest income.