ING Groep NV (ING Groep NV) Scaled Net Operating Assets : 0.07 (As of Dec. 2023)

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What is ING Groep NV 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.

ING Groep NV's operating assets for the quarter that ended in Dec. 2023 was $922,056 Mil. ING Groep NV's operating liabilities for the quarter that ended in Dec. 2023 was $843,401 Mil. ING Groep NV's Total Assets for the quarter that ended in Sep. 2023 was $1,090,317 Mil. Therefore, ING Groep NV's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.07.

ING Groep NV 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.

ING Groep NV'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 )
=	(965857.143	-	843401.309)	/	1025229.873
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1063885.496	-	98028.353
=	965857.143

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1006978.19	-	163576.881	-	0
=	843401.309

ING Groep NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(922055.616	-	843401.309)	/	1090316.969
=	0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1063885.496	-	141829.88
=	922055.616

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1006978.19	-	163576.881	-	0
=	843401.309

* 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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ING Groep NV (ING Groep NV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

INGVF:USA INGA:Netherlands INGA:Italy 0A2K:UK INGAa:UK 0RIC:UK INN1:Germany INNA:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.