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Cullen/Frost Bankers Scaled Net Operating Assets

: -0.34 (As of Sep. 2019)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Cullen/Frost Bankers's operating assets for the quarter that ended in Sep. 2019 was $18,158 Mil. Cullen/Frost Bankers's operating liabilities for the quarter that ended in Sep. 2019 was $28,982 Mil. Cullen/Frost Bankers's Total Assets for the quarter that ended in Jun. 2019 was $31,819 Mil. Therefore, Cullen/Frost Bankers's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2019 was -0.34.


Cullen/Frost Bankers 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.

Cullen/Frost Bankers's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(28972.204-28689.099)/31747.88
=0.01

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash and cash equivalents
=32292.966 - 3320.762
=28972.204

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28924.049 - 0 - 234.95 - 0
=28689.099

Cullen/Frost Bankers's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2019 )
=(Operating Assets (Q: Sep. 2019 )-Operating Liabilities (Q: Sep. 2019 ))/Total Assets (Q: Jun. 2019 )
=(18157.878-28981.608)/31818.863
=-0.34

where

Operating Assets(Q: Sep. 2019 )
=Total Assets - Cash and cash equivalents
=33098.176 - 14940.298
=18157.878

Operating Liabilities(Q: Sep. 2019 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29216.719 - 0 - 235.111 - 0
=28981.608

* 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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