GURUFOCUS.COM » STOCK LIST » USA » NYSE » First Horizon Corp (NYSE:FHN) » Definitions » Scaled Net Operating Assets
Switch to:

First Horizon (NYSE:FHN) Scaled Net Operating Assets

: -0.03 (As of Sep. 2022)
View and export this data going back to 1973. Start your Free Trial

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Horizon's operating assets for the quarter that ended in Sep. 2022 was $67,147 Mil. First Horizon's operating liabilities for the quarter that ended in Sep. 2022 was $69,660 Mil. First Horizon's Total Assets for the quarter that ended in Jun. 2022 was $85,132 Mil. Therefore, First Horizon's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2022 was -0.03.


First Horizon 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.

First Horizon's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2021 )
=(Operating Assets (A: Dec. 2021 )-Operating Liabilities (A: Dec. 2021 ))/Total Assets (A: Dec. 2020 )
=(73038-78131)/84209
=-0.06

where

Operating Assets(A: Dec. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=89092 - 16054
=73038

Operating Liabilities(A: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=80598 - 1544 - 923
=78131

First Horizon's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2022 )
=(Operating Assets (Q: Sep. 2022 )-Operating Liabilities (Q: Sep. 2022 ))/Total Assets (Q: Jun. 2022 )
=(67147-69660)/85132
=-0.03

where

Operating Assets(Q: Sep. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=80299 - 13152
=67147

Operating Liabilities(Q: Sep. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=72016 - 1597 - 759
=69660

* 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.


First Horizon Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of First Horizon's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


First Horizon (NYSE:FHN) Business Description

First Horizon logo
Address
165 Madison Avenue, Memphis, TN, USA, 38103
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
Executives
Dmuchowski Hope officer: Sr. EVP & CFO 165 MADISON AVE MEMPHIS TN 38103
Casbon John N director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Locascio Tammy officer: Sr. EVP, Chief HR Officer 165 MADISON AVE MEMPHIS TN 38103
Kemp Sr James Michael director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Maples Ricky E director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Akins Terry Lawson officer: Sr. EVP, Chief Risk Officer 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Ardoin Elizabeth A officer: SEVP, Chief Communications Ofc 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Sugranes Rosa director 2975 N.W. 77TH AVE DORAL FL 33132
Restel Anthony J officer: SEVP Chief Operating Officer 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Shea E Stewart Iii director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Fenstermaker William H director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Byrd Daryl G director, officer: Executive Chairman of Board 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Barton Harry V Jr director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Brown Michael J officer: President - Regional Banking 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Davidson Wendy P director 2210 WEST OAKLAWN DRIVE SPRINGDALE AR 72762
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership