OneMain Holdings (FRA:0S1) Scaled Net Operating Assets : 0.89 (As of Mar. 2024)

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What is OneMain 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.

OneMain Holdings's operating assets for the quarter that ended in Mar. 2024 was €20,973 Mil. OneMain Holdings's operating liabilities for the quarter that ended in Mar. 2024 was €1,080 Mil. OneMain Holdings's Total Assets for the quarter that ended in Dec. 2023 was €22,278 Mil. Therefore, OneMain Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.89.

OneMain 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.

OneMain 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 )
=	(21347.76	-	1187.515)	/	21274.928
=	0.95

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	22277.598	-	929.838
=	21347.76

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	19356.036	-	18168.521	-	0
=	1187.515

OneMain Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(20973.24	-	1080.08)	/	22277.598
=	0.89

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	21995.36	-	1022.12
=	20973.24

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	19038.48	-	17958.4	-	0
=	1080.08

* 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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OneMain Holdings (FRA:0S1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » OneMain Holdings Inc (FRA:0S1) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

OMF:USA 0S1:Germany

Address

601 N.W. Second Street, Evansville, IN, USA, 47708

Website

https://www.omf.com

OneMain Holdings is engaged in nonprime consumer finance companies in the United States and one of only a few companies in the consumer installment lending industry. It formed after a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. Its services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company's one reportable segment is consumer and insurance. In addition to hundreds of branches, the company also has a significant online business. The main source of revenue is net interest income.