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Western New England Bancorp (FRA:489) Scaled Net Operating Assets : 0.09 (As of Mar. 2024)


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What is Western New England Bancorp 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.

Western New England Bancorp's operating assets for the quarter that ended in Mar. 2024 was €2,205.21 Mil. Western New England Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was €1,996.03 Mil. Western New England Bancorp's Total Assets for the quarter that ended in Dec. 2023 was €2,351.71 Mil. Therefore, Western New England Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.09.

Western New England Bancorp 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.

Western New England Bancorp'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 )
=(2328.008-1990.536)/2410.174
=0.14

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2351.712 - 23.704
=2328.008

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2134.008 - 128.708 - 14.764
=1990.536

Western New England Bancorp'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 )
=(2205.212-1996.034)/2351.712
=0.09

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2352.657 - 147.445
=2205.212

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2135.725 - 129.139 - 10.552
=1996.034

* 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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Western New England Bancorp (FRA:489) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Western New England Bancorp Inc (FRA:489) » Definitions » Scaled Net Operating Assets
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LYBC PWOD CFFI OPBK FUNC EVBN CMRB FNRN FGBI ISTR NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP MIC:SBER SGX:D05 ISX:BBCA MIL:ISP
Traded in Other Exchanges
WNEB:USA
Address
141 Elm Street, Westfield, MA, USA, 01085
Website
https://www.westfieldbank.com
Western New England Bancorp Inc through its bank subsidiary, provides a range of financial services to individuals and companies in western Massachusetts and northern Connecticut. These services include commercial lending, residential lending and consumer lending, checking, savings and time deposits, cash management, and wealth management. Substantially all of the Company's revenues, profits, and assets are derived by the Bank from banking products and services.