MFGI (Merchants Financial Group) Scaled Net Operating Assets : 0.08 (As of Sep. 2024)

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What is Merchants 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.

Merchants Financial Group's operating assets for the quarter that ended in Sep. 2024 was $2,568.67 Mil. Merchants Financial Group's operating liabilities for the quarter that ended in Sep. 2024 was $2,365.64 Mil. Merchants Financial Group's Total Assets for the quarter that ended in Jun. 2024 was $2,633.95 Mil. Therefore, Merchants Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.08.

Merchants 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.

Merchants Financial Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(2353.181	-	2285.839)	/	2826.975
=	0.02

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2580.372	-	227.191
=	2353.181

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2339.213	-	53.374	-	0
=	2285.839

Merchants 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 )
=	(2568.665	-	2365.638)	/	2633.945
=	0.08

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2688.643	-	119.978
=	2568.665

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2411.269	-	45.631	-	0
=	2365.638

* 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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Merchants Financial Group Business Description

Industry

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Traded in Other Exchanges

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Address

102 East Third Street, Winona, MN, USA, 55987

Website

https://www.merchantsbank.com

Merchants Financial Group Inc is a bank holding company with one wholly-owned bank subsidiary, Merchants Bank, National Association. It provides retail, commercial loan, and deposit services principally to customers within a radius of its locations. The Bank has a leasing division, Merchants Bank Equipment Finance, which operates in the Minneapolis-St. Paul, Minnesota, metropolitan area.