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HTBK (Heritage Commerce) Scaled Net Operating Assets : -0.09 (As of Sep. 2024)


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What is Heritage Commerce 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.

Heritage Commerce's operating assets for the quarter that ended in Sep. 2024 was $4,357.7 Mil. Heritage Commerce's operating liabilities for the quarter that ended in Sep. 2024 was $4,826.6 Mil. Heritage Commerce's Total Assets for the quarter that ended in Jun. 2024 was $5,263.0 Mil. Therefore, Heritage Commerce's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.09.

Heritage Commerce 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.

Heritage Commerce'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 )
=(4785.966-4481.692)/5157.58
=0.06

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5194.095 - 408.129
=4785.966

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4521.194 - 39.502 - 0
=4481.692

Heritage Commerce'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 )
=(4357.674-4826.629)/5263.024
=-0.09

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5551.596 - 1193.922
=4357.674

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4866.244 - 39.615 - 0
=4826.629

* 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.

Heritage Commerce Scaled Net Operating Assets Related Terms

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Heritage Commerce Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage Commerce Corp (NAS:HTBK) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
XHC:Germany
Address
224 Airport Parkway, San Jose, CA, USA, 95110
Website
https://www.heritagecommercecorp.com
Heritage Commerce Corp operates as a bank holding company. The company, through its subsidiary, offers commercial banking services to small and medium-sized businesses and their owners, managers, and employees. It operates through two segments, namely Banking and Factoring. The bank generates its revenue from the Banking segment.
Executives
Jack W Conner director HERITAGE COMMERCE CORP, 150 ALMADEN BLVD., SAN JOSE CA 95113
Susan Svensson Just officer: EVP/Chief Credit Officer 224 AIRPORT PARKWAY, SAN JOSE CA 95110
Jason Philip Dinapoli director 1875 CENTURY PARK EAST, SUITE 1400, LOS ANGELES CA 90067
Robert Moles director HERITAGE COMMERCE CORP, 150 ALMADEN BLVD., SAN JOSE CA 95113
Kamran F Husain director 3005 TASMAN DRIVE, SANTA CLARA CA 95054
Stephen G. Heitel director 150 ALMADEN BOULEVARD, SAN JOSE CA 95113
Lawrence D Mcgovern officer: Chief Financial Officer C/O HERITAGE COMMERCE CORP, 150 ALMADEN BLVD, SAN JOSE CA 95113
Walter Theodore Kaczmarek director, officer: CEO and President HERITAGE COMMERCE CORP, 150 ALMADEN BLVD., SAN JOSE CA 95113
Peng Coonley Janice Yuli officer: EVP/Chief People and Diversity 224 AIRPORT BLVD, SAN JOSE CA 92692
Deborah Reuter officer: EVP/CRO/Corporate Secretary 224 AIRPORT PARKWAY, SAN JOSE CA 95110
Michael Eugene Benito officer: EVP/Business Banking Division 150 ALMADNE BLVD., SAN JOSE CA 95113
Keith Wilton officer: EVP/COO 150 ALMADEN BLVD., SAN JOSE CA 95113
Steven L. Hallgrimson director 150 ALMADEN BLVD., SAN JOSE CA 95113
Jones Robertson Clay Jr officer: EVP 150 ALMADEN BOULEVARD, SAN JOSE CA 95113
Bruce H Cabral director 150 ALMADEN BOULEVARD, SAN JOSE CA 95113