SpareBank 1 SMN (OSL:MING) Scaled Net Operating Assets : 0.31 (As of Dec. 2023)

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What is SpareBank 1 SMN 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.

SpareBank 1 SMN's operating assets for the quarter that ended in Dec. 2023 was kr231,545 Mil. SpareBank 1 SMN's operating liabilities for the quarter that ended in Dec. 2023 was kr155,648 Mil. SpareBank 1 SMN's Total Assets for the quarter that ended in Sep. 2023 was kr243,472 Mil. Therefore, SpareBank 1 SMN's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.31.

SpareBank 1 SMN 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.

SpareBank 1 SMN'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 )
=	(231545	-	155648)	/	223110
=	0.34

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	232717	-	1172
=	231545

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	204122	-	48474	-	0
=	155648

SpareBank 1 SMN's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(231545	-	155648)	/	243472
=	0.31

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	232717	-	1172
=	231545

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	204122	-	48474	-	0
=	155648

* 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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SpareBank 1 SMN (OSL:MING) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MINGo:UK 0IVM:UK SJI:Germany

Address

Sondre gate 4, Trondheim, NOR, 7011

Website

https://www.sparebank1.no

SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. A key element of the bank's is to maintain a variety of office solutions in municipal and administrative centers where the bank's customers are drawn. The bank is also making a push into digital banking channels via the Internet and mobile banking. The bank's credit is heavily exposed to the real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income.