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JPMorgan Chase & Co  (NYSE:JPM) Scaled Net Operating Assets: 0.06 (As of Sep. 2017)

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

JPMorgan Chase & Co's operating assets for the quarter that ended in Sep. 2017 was \$2,105,270 Mil. JPMorgan Chase & Co's operating liabilities for the quarter that ended in Sep. 2017 was \$1,962,143 Mil. JPMorgan Chase & Co's Total Assets for the quarter that ended in Jun. 2017 was \$2,563,174 Mil. Therefore, JPMorgan Chase & Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2017 was 0.06.

Calculation

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

JPMorgan Chase & Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2016 is calculated as

 Scaled Net Operating Assets (SNOA) (A: Dec. 2016 ) = (Operating Assets (A: Dec. 2016 ) - Operating Liabilities (A: Dec. 2016 )) / Total Assets (A: Dec. 2015 ) = (2101337 - 1907094) / 2351698 = 0.08

where

 Operating Assets (A: Dec. 2016 ) = Total Assets - Cash and cash equivalents = 2490972 - 389635 = 2101337

 Operating Liabilities (A: Dec. 2016 ) = Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Current Portion of Long-Term Debt = 2236782 - 0 - 317950 - 11738 = 1907094

JPMorgan Chase & Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2017 is calculated as

 Scaled Net Operating Assets (SNOA) (Q: {{stock_data.data.Q1}) = (Operating Assets (Q: Sep. 2017 ) - Operating Liabilities (Q: Sep. 2017 )) / Total Assets (Q: Jun. 2017 ) = (2105270 - 1962143) / 2563174 = 0.06

where

 Operating Assets (Q: Sep. 2017 ) = Total Assets - Cash and cash equivalents = 2563074 - 457804 = 2105270

 Operating Liabilities (Q: Sep. 2017 ) = Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Current Portion of Long-Term Debt = 2304692 - 0 - 318301 - 24248 = 1962143

* 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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