Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Scaled Net Operating Assets : -0.05 (As of Jun. 2023)

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What is Mizrahi Tefahot Bank 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.

Mizrahi Tefahot Bank's operating assets for the quarter that ended in Jun. 2023 was $94,509 Mil. Mizrahi Tefahot Bank's operating liabilities for the quarter that ended in Jun. 2023 was $99,982 Mil. Mizrahi Tefahot Bank's Total Assets for the quarter that ended in Mar. 2023 was $117,565 Mil. Therefore, Mizrahi Tefahot Bank's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was -0.05.

Mizrahi Tefahot Bank 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.

Mizrahi Tefahot Bank'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 )
=	(97942.168	-	103368.263)	/	115988.892
=	-0.05

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	121381.407	-	23439.239
=	97942.168

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	113608.137	-	10239.874	-	0
=	103368.263

Mizrahi Tefahot Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(94508.746	-	99981.963)	/	117564.507
=	-0.05

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	117188.613	-	22679.867
=	94508.746

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	109879.253	-	9897.29	-	0
=	99981.963

* 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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Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizrahi Tefahot Bank Ltd (OTCPK:MZTFF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MZTF:Israel

Address

7 Jabotinsky Street, P.O. Box 3450, Ramat Gan, ISR, 5252007

Website

https://www.mizrahi-tefahot.co.il

Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.