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Huntington Bancshares (MEX:HBAN) Scaled Net Operating Assets : 0.10 (As of Sep. 2024)


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What is Huntington Bancshares 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.

Huntington Bancshares's operating assets for the quarter that ended in Sep. 2024 was MXN3,593,696 Mil. Huntington Bancshares's operating liabilities for the quarter that ended in Sep. 2024 was MXN3,219,384 Mil. Huntington Bancshares's Total Assets for the quarter that ended in Jun. 2024 was MXN3,596,419 Mil. Therefore, Huntington Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.10.

Huntington Bancshares 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.

Huntington Bancshares'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 )
=(3039154.231-2674700.153)/3565935.378
=0.10

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3214379.393 - 175225.162
=3039154.231

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2885112.931 - 210378.83 - 33.948
=2674700.153

Huntington Bancshares'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 )
=(3593696.346-3219383.742)/3596419.423
=0.10

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3948594.313 - 354897.967
=3593696.346

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3541950.237 - 308271.337 - 14295.158
=3219383.742

* 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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Huntington Bancshares Business Description

Industry
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Address
41 South High Street, Columbus, OH, USA, 43287
Website
https://www.huntington.com
Huntington is a regional us bank with around $200 billion in assets (as of September 2024) and has a large presence, particularly in the Midwestern market. It offers a full suite of consumer deposit and lending services, along with commercial services focused on payments, investment management, capital markets, equipment financing, treasury management, and other common banking services.