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Flushing Financial (FRA:FL8) Scaled Net Operating Assets : -0.01 (As of Sep. 2024)


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What is Flushing 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.

Flushing Financial's operating assets for the quarter that ended in Sep. 2024 was €6,890.3 Mil. Flushing Financial's operating liabilities for the quarter that ended in Sep. 2024 was €6,957.9 Mil. Flushing Financial's Total Assets for the quarter that ended in Jun. 2024 was €8,451.3 Mil. Therefore, Flushing Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.01.

Flushing 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.

Flushing Financial'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 )
=(7714.743-6405.517)/7951.261
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7828.645 - 113.902
=7714.743

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7214.405 - 808.888 - 0
=6405.517

Flushing Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(6890.273-6957.913)/8451.336
=-0.01

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8362.078 - 1471.805
=6890.273

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7761.209 - 803.296 - 0
=6957.913

* 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.

Flushing Financial Scaled Net Operating Assets Related Terms

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Flushing Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Flushing Financial Corp (FRA:FL8) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
FFIC:USA
Address
220 RXR Plaza, Uniondale, NY, USA, 11556
Website
https://www.flushingbank.com
Flushing Financial Corp operates as a bank holding company, which is engaged in the provision of banking and financial services. It provides Personal, Business, lending, Government banking, and Card services. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans, and other small business loans.