E*TRADE Financial (LTS:0IEO) Scaled Net Operating Assets : -0.18 (As of Jun. 2020)

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What is E*TRADE 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.

E*TRADE Financial's operating assets for the quarter that ended in Jun. 2020 was $49,943 Mil. E*TRADE Financial's operating liabilities for the quarter that ended in Jun. 2020 was $62,139 Mil. E*TRADE Financial's Total Assets for the quarter that ended in Mar. 2020 was $67,856 Mil. Therefore, E*TRADE Financial's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2020 was -0.18.

E*TRADE 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.

E*TRADE Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2019 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2019 )
=	(Operating Assets (A: Dec. 2019 )	-	Operating Liabilities (A: Dec. 2019 ))	/	Total Assets (A: Dec. 2018 )
=	(60666	-	53463)	/	65003
=	0.11

where

	Operating Assets		(A: Dec. 2019 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	61416	-	750
=	60666

	Operating Liabilities		(A: Dec. 2019 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	54873	-	1410	-	0
=	53463

E*TRADE Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2020 )
=	(Operating Assets (Q: Jun. 2020 )	-	Operating Liabilities (Q: Jun. 2020 ))	/	Total Assets (Q: Mar. 2020 )
=	(49943	-	62139)	/	67856
=	-0.18

where

	Operating Assets		(Q: Jun. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	70371	-	20428
=	49943

	Operating Liabilities		(Q: Jun. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	63551	-	1412	-	0
=	62139

* 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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E*TRADE Financial (LTS:0IEO) Business Description

Industry

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Traded in Other Exchanges

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Address

671 North Glebe Road, Ballston Tower, Arlington, VA, USA, 22203

Website

https://us.etrade.com

E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.