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CURO Group Holdings (FRA:CGE) Scaled Net Operating Assets : 0.59 (As of Sep. 2023)


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What is CURO Group 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.

CURO Group Holdings's operating assets for the quarter that ended in Sep. 2023 was €1,587.7 Mil. CURO Group Holdings's operating liabilities for the quarter that ended in Sep. 2023 was €92.3 Mil. CURO Group Holdings's Total Assets for the quarter that ended in Jun. 2023 was €2,533.5 Mil. Therefore, CURO Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.59.


CURO Group 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.

CURO Group Holdings'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 )
=(2563.206-163.469)/2177.627
=1.10

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2632.998 - 69.792
=2563.206

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2684.101 - 1001.333 - 1519.299
=163.469

CURO Group Holdings'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 )
=(1587.655-92.257)/2533.485
=0.59

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1665.004 - 77.349
=1587.655

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2037.95 - 1104.529 - 841.164
=92.257

* 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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CURO Group Holdings (FRA:CGE) Business Description

Traded in Other Exchanges
Address
200 W Hubbard Street, 8th Floor, Chicago, IL, USA, 60654
CURO Group Holdings Corp is a consumer finance company serving a full spectrum of non-prime, near-prime and prime consumers in portions of the U.S. and Canada. It offers a broad range of consumer finance products including unsecured installment loans, secured installment loans, open-end loans, and single-pay loans. The company also provides ancillary financial products including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance in the Canadian market, gold buying, retail installment sales, and money transfer services. The firm operates under three segments: US, Canada Direct Lending, and Canada POS Lending.