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First Horizon (FRA:FT2) Scaled Net Operating Assets : 0.00 (As of Dec. 2023)


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What is First Horizon 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.

First Horizon's operating assets for the quarter that ended in Dec. 2023 was €65,043 Mil. First Horizon's operating liabilities for the quarter that ended in Dec. 2023 was €65,010 Mil. First Horizon's Total Assets for the quarter that ended in Sep. 2023 was €77,333 Mil. Therefore, First Horizon's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.00.

First Horizon 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.

First Horizon'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 )
=(72737.357-65009.798)/74531.632
=0.10

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=74883.137 - 2145.78
=72737.357

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66363.29 - 1054.55 - 298.942
=65009.798

First Horizon's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(65042.81-65009.798)/77333.421
=0.00

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=74883.137 - 9840.327
=65042.81

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66363.29 - 1054.55 - 298.942
=65009.798

* 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.

First Horizon Scaled Net Operating Assets Related Terms

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First Horizon (FRA:FT2) Business Description

Industry
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Address
165 Madison Avenue, Memphis, TN, USA, 38103
Website
https://www.firsthorizon.com
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.