TF Bank AB (OSTO:TFBANK) Scaled Net Operating Assets : 0.12 (As of Sep. 2024)

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What is TF Bank AB 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.

TF Bank AB's operating assets for the quarter that ended in Sep. 2024 was kr25,313 Mil. TF Bank AB's operating liabilities for the quarter that ended in Sep. 2024 was kr22,460 Mil. TF Bank AB's Total Assets for the quarter that ended in Jun. 2024 was kr24,126 Mil. Therefore, TF Bank AB's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.12.

TF Bank AB 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.

TF Bank AB'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 )
=	(23927.842	-	21280.081)	/	18376.457
=	0.14

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	23946.758	-	18.916
=	23927.842

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21785.844	-	505.763	-	0
=	21280.081

TF Bank AB's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(25313.211	-	22460.329)	/	24125.571
=	0.12

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	25331.449	-	18.238
=	25313.211

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	22808.09	-	347.761	-	0
=	22460.329

* 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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TF Bank AB Business Description

Industry

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Traded in Other Exchanges

0RHM:UK

Address

Lilla Brogatan 6, PO Box 947, Boras, SWE, 50110

Website

https://group.tfbank.se

TF Bank AB is a digital bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. The platform is designed for scalability and adaptability to different products, countries, currencies, and digital banking solutions. TF Bank prioritizes organic growth under controlled conditions and expansion is taking place in carefully selected segments and markets. The business is conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria, Spain, Ireland and the Netherlands through subsidiary, branch or cross-border banking with the support of the Swedish banking license.