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E*TRADE Financial (E*TRADE Financial) 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.

E*TRADE Financial Scaled Net Operating Assets Related Terms

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E*TRADE Financial (E*TRADE Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » E*TRADE Financial Corp (NAS:ETFC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
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.
Executives
Richard J Carbone director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR 10036-9992, NEWARK NJ 10036-9992
Joshua Weinreich director C/O ANJIE LAROCCA, DEUTSCHE BANK, 345 PARK AVENUE, NEW YORK NY 10154
Chad E. Turner officer: Chief Financial Officer 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Alice Milligan officer: EVP, Chief Customer Officer 11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Lori Sher officer: EVP, General Counsel 11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Michael Jos. Murphy officer: Sr. MD, Retail Brokerage 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Dirk W Wyckoff officer: Principal Accounting Officer 671 N GLEBE ROAD ARLINGTON VA 22203
Donna L Weaver director C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
Jaime Wallace Ellertson director C/O SI CORP, 3500 LENOX ROAD SUITE 200, ATLANTA GA 30326
Rodger A Lawson director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Shelley B Leibowitz director C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Rebecca Saeger director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Michael John Curcio officer: EVP, Institutional C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
James Lam director C/O DAVIS POLK & WARDWELL LLP 450 LEXINGTON AVE NEW YORK NY 10017
Matthew Minetola officer: Chief Information Officer 300 GALLERIA PARKWAY, NW ATLANTA GA 30339