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E*TRADE Financial Scaled Net Operating Assets

: -0.22 (As of Sep. 2019)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

E*TRADE Financial's operating assets for the quarter that ended in Sep. 2019 was $40,194 Mil. E*TRADE Financial's operating liabilities for the quarter that ended in Sep. 2019 was $53,728 Mil. E*TRADE Financial's Total Assets for the quarter that ended in Jun. 2019 was $61,590 Mil. Therefore, E*TRADE Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2019 was -0.22.


E*TRADE Financial 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.

E*TRADE Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(62670-57032)/63365
=0.09

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash and cash equivalents
=65003 - 2333
=62670

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=58441 - 0 - 1409 - 0
=57032

E*TRADE Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2019 )
=(Operating Assets (Q: Sep. 2019 )-Operating Liabilities (Q: Sep. 2019 ))/Total Assets (Q: Jun. 2019 )
=(40194-53728)/61590
=-0.22

where

Operating Assets(Q: Sep. 2019 )
=Total Assets - Cash and cash equivalents
=61707 - 21513
=40194

Operating Liabilities(Q: Sep. 2019 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=55138 - 0 - 1410 - 0
=53728

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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