Mercantil Servicios Financieros CA (CAR:MVZ.A) Scaled Net Operating Assets : -0.10 (As of Dec. 2023)

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What is Mercantil Servicios Financieros CA 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.

Mercantil Servicios Financieros CA's operating assets for the quarter that ended in Dec. 2023 was VES19,537 Mil. Mercantil Servicios Financieros CA's operating liabilities for the quarter that ended in Dec. 2023 was VES22,108 Mil. Mercantil Servicios Financieros CA's Total Assets for the quarter that ended in Sep. 2023 was VES25,844 Mil. Therefore, Mercantil Servicios Financieros CA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.10.

Mercantil Servicios Financieros CA 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.

Mercantil Servicios Financieros CA'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 )
=	(19537.334	-	22107.999)	/	25214.574
=	-0.10

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	30177.633	-	10640.299
=	19537.334

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23998.176	-	1890.177	-	0
=	22107.999

Mercantil Servicios Financieros CA'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 )
=	(19537.334	-	22107.999)	/	25843.977
=	-0.10

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	30177.633	-	10640.299
=	19537.334

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23998.176	-	1890.177	-	0
=	22107.999

* 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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Mercantil Servicios Financieros CA (CAR:MVZ.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantil Servicios Financieros CA (CAR:MVZ.A) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MVZ.B:Venezuela

Address

Avenida Andres Bello, No. 1 Edificio Banco, Mercantil, Caracas, VEN

Website

http://www.msf.com

Mercantil Servicios Financieros CA is a Venezuela-based financial services provider. It offers, through its subsidiaries, a full range of financial products and services in the banking, insurance and wealth management businesses in the Americas and Europe. It provides financial and general banking services to corporate, middle market and retail customers. Third party asset management and securities brokerage services are provided in Venezuela and other jurisdictions, as well as insurance services in Venezuela and Panama. The company generates the majority of its revenue from Venezuela.