Unity Bancorp (FRA:UTB) Scaled Net Operating Assets : 0.10 (As of Sep. 2024)

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What is Unity Bancorp 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.

Unity Bancorp's operating assets for the quarter that ended in Sep. 2024 was €2,111.19 Mil. Unity Bancorp's operating liabilities for the quarter that ended in Sep. 2024 was €1,868.63 Mil. Unity Bancorp's Total Assets for the quarter that ended in Jun. 2024 was €2,413.27 Mil. Therefore, Unity Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.10.

Unity Bancorp 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.

Unity Bancorp'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 )
=	(2185.881	-	1788.452)	/	2308.031
=	0.17

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2364.491	-	178.61
=	2185.881

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2124.76	-	336.308	-	0
=	1788.452

Unity Bancorp'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 )
=	(2111.193	-	1868.633)	/	2413.27
=	0.10

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2374.422	-	263.229
=	2111.193

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2118.307	-	249.674	-	0
=	1868.633

* 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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Unity Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (FRA:UTB) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

UNTY:USA

Address

64 Old Highway 22, Clinton, NJ, USA, 08809

Website

https://www.unitybank.com

Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and others. The company structures its specific services and charges in a manner designed to attract the business of small and medium-sized businesses and professional communities, as well as individuals residing, working, and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity, and personal loans.