Credito RealB de CV Sofom ER (Credito RealB de CV Sofom ER) Scaled Net Operating Assets : 0.92 (As of Sep. 2021)

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What is Credito RealB de CV Sofom ER 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.

Credito RealB de CV Sofom ER's operating assets for the quarter that ended in Sep. 2021 was $3,703.7 Mil. Credito RealB de CV Sofom ER's operating liabilities for the quarter that ended in Sep. 2021 was $181.7 Mil. Credito RealB de CV Sofom ER's Total Assets for the quarter that ended in Jun. 2021 was $3,829.6 Mil. Therefore, Credito RealB de CV Sofom ER's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2021 was 0.92.

Credito RealB de CV Sofom ER 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.

Credito RealB de CV Sofom ER's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2020 )
=	(Operating Assets (A: Dec. 2020 )	-	Operating Liabilities (A: Dec. 2020 ))	/	Total Assets (A: Dec. 2019 )
=	(3479.542	-	222.312)	/	3265.731
=	1.00

where

	Operating Assets		(A: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3534.932	-	55.39
=	3479.542

	Operating Liabilities		(A: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2727.144	-	2504.832	-	0
=	222.312

Credito RealB de CV Sofom ER's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2021 )
=	(Operating Assets (Q: Sep. 2021 )	-	Operating Liabilities (Q: Sep. 2021 ))	/	Total Assets (Q: Jun. 2021 )
=	(3703.672	-	181.7)	/	3829.622
=	0.92

where

	Operating Assets		(Q: Sep. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3747.962	-	44.29
=	3703.672

	Operating Liabilities		(Q: Sep. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2848.838	-	2667.138	-	0
=	181.7

* 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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Credito RealB de CV Sofom ER (Credito RealB de CV Sofom ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credito Real SAB de CV Sofom ER (OTCPK:CRQDQ) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Insurgentes Sur No. 730, 20th Floor, Colonia Del Valle Norte, Del Benito Juarez, Mexico, MEX, MEX, 03103

Website

http://www.creditoreal.com.mx

Credito Real SAB de CV Sofom ER is a nonbanking financial institution in Mexico that focuses on consumer lending to low-income and middle-income customers. The company primarily makes payroll loans, durable goods loans, small business loans, group loans and used-car loans.