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Nordfyns Bank A/S (OCSE:NRDF) Scaled Net Operating Assets : 0.03 (As of Mar. 2024)


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What is Nordfyns Bank A/S 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.

Nordfyns Bank A/S's operating assets for the quarter that ended in Mar. 2024 was kr4,339.0 Mil. Nordfyns Bank A/S's operating liabilities for the quarter that ended in Mar. 2024 was kr4,184.2 Mil. Nordfyns Bank A/S's Total Assets for the quarter that ended in Dec. 2023 was kr5,167.1 Mil. Therefore, Nordfyns Bank A/S's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.03.

Nordfyns Bank A/S 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.

Nordfyns Bank A/S'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 )
=(3881.252-4248.122)/5076.485
=-0.07

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5167.109 - 1285.857
=3881.252

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4435.734 - 187.612 - 0
=4248.122

Nordfyns Bank A/S's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(4339.015-4184.247)/5167.109
=0.03

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5080.982 - 741.967
=4339.015

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4348.59 - 164.343 - 0
=4184.247

* 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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Nordfyns Bank A/S (OCSE:NRDF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nordfyns Bank A/S (OCSE:NRDF) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
Adelgade 49, Bogense, DNK, 5400
Website
http://www.nordfynsbank.dk
Nordfyns Bank A/S is a regional bank. It is engaged in the provision of banking products to private and corporate customers. It offers accounts and deposits, car loans, mortgages, and savings products; life, travel, and injury insurance products; and investment products, credit cards, pension savings, mobile and online banking services, and commercial assets leasing services.