Virginia National Bankshares (FRA:71F) Scaled Net Operating Assets : -0.11 (As of Mar. 2024)

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What is Virginia National Bankshares 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.

Virginia National Bankshares's operating assets for the quarter that ended in Mar. 2024 was €1,159.06 Mil. Virginia National Bankshares's operating liabilities for the quarter that ended in Mar. 2024 was €1,322.04 Mil. Virginia National Bankshares's Total Assets for the quarter that ended in Dec. 2023 was €1,509.40 Mil. Therefore, Virginia National Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.11.

Virginia National Bankshares 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.

Virginia National Bankshares'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 )
=	(1483.364	-	1298.943)	/	1532.451
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1509.398	-	26.034
=	1483.364

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1369.06	-	70.117	-	0
=	1298.943

Virginia National Bankshares'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 )
=	(1159.055	-	1322.037)	/	1509.398
=	-0.11

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1489.936	-	330.881
=	1159.055

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1349.565	-	27.528	-	0
=	1322.037

* 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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Virginia National Bankshares (FRA:71F) Business Description

Industry

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Traded in Other Exchanges

VABK:USA

Address

404 People Place, Charlottesville, VA, USA, 22911

Website

http://www.vnbcorp.com

Virginia National Bankshares Corp is a bank holding company which is engaged in the commercial and retail banking business. The bank offers a range of banking and related financial services, including checking accounts, negotiable order of withdrawal accounts, money market deposit accounts, certificates of deposit, individual retirement accounts and other depository services. Its segments include the Bank, VNB Trust and Estate Services, Sturman Wealth Advisors, and Masonry Capital. The Bank's commercial banking activities involve making loans, taking deposits and offering related services to individuals, businesses and charitable organizations.