National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Scaled Net Operating Assets : 0.13 (As of Dec. 2023)

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What is National Bank of Ras Al-Khaimah PSC 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.

National Bank of Ras Al-Khaimah PSC's operating assets for the quarter that ended in Dec. 2023 was د.إ65,457 Mil. National Bank of Ras Al-Khaimah PSC's operating liabilities for the quarter that ended in Dec. 2023 was د.إ55,825 Mil. National Bank of Ras Al-Khaimah PSC's Total Assets for the quarter that ended in Sep. 2023 was د.إ72,004 Mil. Therefore, National Bank of Ras Al-Khaimah PSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.13.

National Bank of Ras Al-Khaimah PSC 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.

National Bank of Ras Al-Khaimah PSC'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 )
=	(65456.704	-	55825.309)	/	66346.382
=	0.15

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	73954.634	-	8497.93
=	65456.704

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	63600.107	-	7774.798	-	0
=	55825.309

National Bank of Ras Al-Khaimah PSC'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 )
=	(65456.704	-	55825.309)	/	72003.735
=	0.13

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	73954.634	-	8497.93
=	65456.704

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	63600.107	-	7774.798	-	0
=	55825.309

* 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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National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Exit No. 129, Sheikh Mohammed Bin Zayed Road, P.O. Box 5300, Al Rifa Area, The National Bank of Ras Al Khaimah Building, Ras Al-Khaimah, ARE

Website

https://rakbank.ae

National Bank of Ras Al-Khaimah PSC is engaged in providing retail and commercial banking services in the UAE. The bank has operating segments namely Personal Banking, Wholesale Banking, Business Banking, Treasury and Insurance. It generates maximum revenue from the Retail banking segment. The company offers current, savings, call, and fixed deposit accounts, debit cards, credit cards, personal loans, and home loans among other services.