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Propel Holdings (TSX:PRL) Scaled Net Operating Assets : 0.93 (As of Dec. 2023)


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What is Propel Holdings 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.

Propel Holdings's operating assets for the quarter that ended in Dec. 2023 was C$443.4 Mil. Propel Holdings's operating liabilities for the quarter that ended in Dec. 2023 was C$55.3 Mil. Propel Holdings's Total Assets for the quarter that ended in Sep. 2023 was C$415.1 Mil. Therefore, Propel Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.93.

Propel Holdings 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.

Propel Holdings'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 )
=(443.415-55.31)/348.701
=1.11

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=461.863 - 18.448
=443.415

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=325.665 - 3.153 - 267.202
=55.31

Propel Holdings'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 )
=(443.415-55.31)/415.126
=0.93

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=461.863 - 18.448
=443.415

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=325.665 - 3.153 - 267.202
=55.31

* 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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Propel Holdings (TSX:PRL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (TSX:PRL) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
PRLPF:USA 8KO:Germany
Address
69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3
Website
https://www.propelholdings.com
Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.