Commerzbank AG (CHIX:CBKD) Scaled Net Operating Assets : -0.11 (As of Sep. 2024)

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What is Commerzbank AG 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.

Commerzbank AG's operating assets for the quarter that ended in Sep. 2024 was €470,102 Mil. Commerzbank AG's operating liabilities for the quarter that ended in Sep. 2024 was €530,532 Mil. Commerzbank AG's Total Assets for the quarter that ended in Jun. 2024 was €560,087 Mil. Therefore, Commerzbank AG's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.11.

Commerzbank AG 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.

Commerzbank AG'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 )
=	(414474	-	435904)	/	477428
=	-0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	517166	-	102692
=	414474

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	484158	-	48254	-	0
=	435904

Commerzbank AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(470102	-	530532)	/	560087
=	-0.11

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	565332	-	95230
=	470102

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	530532	-	0	-	0
=	530532

* 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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Commerzbank AG Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CRZBY:USA CRZBF:USA CBKN:Romania 1CBK:Italy COMMERZBANK:Hungary 0RLW:UK CBK:Germany

Address

Kaiserplatz, Frankfurt, HE, DEU, 60261

Website

https://www.commerzbank.com

Commerzbank operates primarily in Europe. Germany contributes about 70% to total income. The bank operates two business segments: private and small-business customers as well as corporate clients. In its private and small-business segment, the group runs its branch business, a mobile bank with a focus on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large corporates.