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Primis Financial (FRA:7H80) Scaled Net Operating Assets : 0.04 (As of Sep. 2023)


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What is Primis Financial 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.

Primis Financial's operating assets for the quarter that ended in Sep. 2023 was €3,282.3 Mil. Primis Financial's operating liabilities for the quarter that ended in Sep. 2023 was €3,125.3 Mil. Primis Financial's Total Assets for the quarter that ended in Jun. 2023 was €3,552.2 Mil. Therefore, Primis Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.04.

Primis Financial 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.

Primis Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(3298.032-2596.995)/3015.507
=0.23

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3371.531 - 73.499
=3298.032

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2999.214 - 402.219 - 0
=2596.995

Primis Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2023 )
=(Operating Assets (Q: Sep. 2023 )-Operating Liabilities (Q: Sep. 2023 ))/Total Assets (Q: Jun. 2023 )
=(3282.343-3125.256)/3552.159
=0.04

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3573.507 - 291.164
=3282.343

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3214.762 - 89.506 - 0
=3125.256

* 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.

Primis Financial Scaled Net Operating Assets Related Terms

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Primis Financial (FRA:7H80) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Primis Financial Corp (FRA:7H80) » Definitions » Scaled Net Operating Assets
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FNLC BMRC SBT LNKB MVBF SCZC BSVN OBT JMSB FSBW NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
FRST:USA
Address
6830 Old Dominion Drive, McLean, VA, USA, 22101
Website
https://www.primisbank.com
Primis Financial Corp is the bank holding company for Primis Bank, providing financial services to individuals and small and medium-sized businesses. Primis Bank offers a wide range of commercial banking services, it focuses on making loans secured majorly by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. Primis Bank offers a broad range of deposit products, including checking (NOW), savings, money market accounts and certificates of deposit.