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Mizuho Financial Group (FRA:MZ8A) Scaled Net Operating Assets : -0.14 (As of Sep. 2024)


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What is Mizuho Financial Group 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.

Mizuho Financial Group's operating assets for the quarter that ended in Sep. 2024 was €1,296,687 Mil. Mizuho Financial Group's operating liabilities for the quarter that ended in Sep. 2024 was €1,537,596 Mil. Mizuho Financial Group's Total Assets for the quarter that ended in Jun. 2024 was €1,720,188 Mil. Therefore, Mizuho Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.14.

Mizuho Financial Group 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.

Mizuho Financial Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2024 )
=(Operating Assets (A: Mar. 2024 )-Operating Liabilities (A: Mar. 2024 ))/Total Assets (A: Mar. 2023 )
=(1263174.205-1519948.806)/1776668.576
=-0.14

where

Operating Assets(A: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1711258.675 - 448084.47
=1263174.205

Operating Liabilities(A: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1647934.333 - 110627.626 - 17357.901
=1519948.806

Mizuho Financial Group'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 )
=(1296687.278-1537595.899)/1720188.241
=-0.14

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1748092.091 - 451404.813
=1296687.278

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1680266.438 - 118558.166 - 24112.373
=1537595.899

* 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.

Mizuho Financial Group Scaled Net Operating Assets Related Terms

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Mizuho Financial Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizuho Financial Group Inc (FRA:MZ8A) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
MZHOF:USA MFG:USA 8411:Japan MZ8:Germany MZ8:Germany MFG:Argentina
Address
1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176
Website
https://www.mizuho-fg.co.jp
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2024, Mizuho's market share of domestic loans was 6.8%, compared with 7.2% for SMFG and 8.0% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.