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Gronlandsbanken AS (OCSE:GRLA) Scaled Net Operating Assets : -0.03 (As of Dec. 2024)


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What is Gronlandsbanken AS 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.

Gronlandsbanken AS's operating assets for the quarter that ended in Dec. 2024 was kr7,784.6 Mil. Gronlandsbanken AS's operating liabilities for the quarter that ended in Dec. 2024 was kr8,047.2 Mil. Gronlandsbanken AS's Total Assets for the quarter that ended in Sep. 2024 was kr9,586.8 Mil. Therefore, Gronlandsbanken AS's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was -0.03.

Gronlandsbanken AS 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.

Gronlandsbanken AS's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(7784.565-8047.197)/8840.981
=-0.03

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=10021.543 - 2236.978
=7784.565

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8427.921 - 380.724 - 0
=8047.197

Gronlandsbanken AS's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(7784.565-8047.197)/9586.766
=-0.03

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=10021.543 - 2236.978
=7784.565

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8427.921 - 380.724 - 0
=8047.197

* 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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Gronlandsbanken AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gronlandsbanken AS (OCSE:GRLA) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
Imaneq 33, Post Box 1033, Nuuk, GRL, 3900
Website
https://www.banken.gl
Gronlandsbanken AS is a Greenland-based bank engaged in consultancy and financial services in Greenland. The bank's products and services are provided to private customers and commercial enterprises. The company offers home banking, mortgage loans, savings accounts, pension funds, insurance, payment transfers, and investment advisory services. It also operates an electronic banking platform, named Netbank, which enables access to a range of facilities, such as payments, transfers, and invoices.