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Nordea Bank Abp (Nordea Bank Abp) Scaled Net Operating Assets : 0.31 (As of Mar. 2024)


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What is Nordea Bank Abp 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.

Nordea Bank Abp's operating assets for the quarter that ended in Mar. 2024 was $607,795 Mil. Nordea Bank Abp's operating liabilities for the quarter that ended in Mar. 2024 was $413,149 Mil. Nordea Bank Abp's Total Assets for the quarter that ended in Dec. 2023 was $637,625 Mil. Therefore, Nordea Bank Abp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.31.

Nordea Bank Abp 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.

Nordea Bank Abp'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 )
=(580339.15-395230.099)/630009.534
=0.29

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=637624.864 - 57285.714
=580339.15

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=603573.61 - 208343.511 - 0
=395230.099

Nordea Bank Abp'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 )
=(607794.565-413148.913)/637624.864
=0.31

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=657504.348 - 49709.783
=607794.565

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=626097.826 - 212948.913 - 0
=413148.913

* 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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Nordea Bank Abp (Nordea Bank Abp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nordea Bank Abp (OTCPK:NBNKF) » Definitions » Scaled Net Operating Assets
Comparable Companies
OSTO:SEB A OSTO:SWED A OSTO:AZA OSTO:TFBANK NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05 MIL:ISP SAU:1180 PNC MIL:UCG BSP:ITUB3 HKSE:01658
Traded in Other Exchanges
NRDBY:USA NDA SE:Sweden 1NDA:Italy NDAs:UK 0N4T:UK NDA FI:Finland NDA DK:Denmark 04Q:Germany
Address
Hamnbanegatan 5, Helsinki, FIN, FI-00020
Website
https://www.nordea.com
Nordea is a universal Nordic bank which generates most of its income through vanilla lending products such as mortgages, household loans and corporate loans. The bank is also a leading equity and debt underwriter and issuer specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.