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Navient (Navient) Scaled Net Operating Assets : 0.93 (As of Mar. 2024)


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What is Navient 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.

Navient's operating assets for the quarter that ended in Mar. 2024 was $58,206 Mil. Navient's operating liabilities for the quarter that ended in Mar. 2024 was $1,167 Mil. Navient's Total Assets for the quarter that ended in Dec. 2023 was $61,375 Mil. Therefore, Navient's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.93.

Navient 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.

Navient'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 )
=(60536-1316)/70795
=0.84

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=61375 - 839
=60536

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=58615 - 53154 - 4145
=1316

Navient's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(58206-1167)/61375
=0.93

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=59029 - 823
=58206

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=56263 - 50783 - 4313
=1167

* 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.

Navient Scaled Net Operating Assets Related Terms

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Navient (Navient) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Navient Corp (NAS:NAVI) » Definitions » Scaled Net Operating Assets
Comparable Companies
UPST AGM.A LU OCSL QFIN BFH FINV ENVA SLM LPRO V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
10D:Germany
Address
123 Justison Street, Wilmington, DE, USA, 19801
Website
https://www.navient.com
Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.
Executives
John M Kane officer: Chief Operating Officer 300 CONTINENTAL DRIVE, NEWARK DE 19713
Mark L Heleen officer: EVP & Chief Legal Officer 12061 BLUEMONT WAY, RESTON VA 20190
Stephen M Hauber officer: SVP, Chief Risk&Compliance Off 123 S JUSTISON STREET, SUITE 300, WILMINGTON DE 19801
Newbury Investors Llc 10 percent owner 135 EAST 57TH STREET, NEW YORK NY 10022
Edward J Bramson 10 percent owner SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022
Sherborne Investors Gp, Llc 10 percent owner 135 EAST 57TH STREET, NEW YORK NY 10022
Stephen Welker 10 percent owner SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022
Sherborne Investors Lp 10 percent owner 135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Sherborne Investors Management Gp, Llc 10 percent owner 135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Sherborne Investors Management Lp 10 percent owner 135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Michael A Lawson director 123 JUSTISON STREET, WILMINGTON DE 19801
Joe Fisher officer: EVP, CFO & PAO 123 JUSTISON STREET, WILMINGTON DE 19801
Anna Escobedo Cabral director 300 CONTINENTAL DRIVE, NEWARK DE 19713
John F Remondi director, officer: Chief Executive Officer 300 CONTINENTAL DRIVE, NEWARK DE 19713
Ted A Morris officer: Acting Chief Financial Officer 123 S. JUSTISON STREET, WILMINGTON DE 19801