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SNVPE.PFD (Synovus Financial) Scaled Net Operating Assets : -0.03 (As of Sep. 2024)


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What is Synovus 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.

Synovus Financial's operating assets for the quarter that ended in Sep. 2024 was $50,227.82 Mil. Synovus Financial's operating liabilities for the quarter that ended in Sep. 2024 was $52,190.41 Mil. Synovus Financial's Total Assets for the quarter that ended in Jun. 2024 was $59,606.34 Mil. Therefore, Synovus Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.03.

Synovus 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.

Synovus Financial'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 )
=(57395.431-53432.852)/59731.378
=0.07

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=59809.534 - 2414.103
=57395.431

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54665.386 - 1232.534 - 0
=53432.852

Synovus Financial'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 )
=(50227.819-52190.407)/59606.343
=-0.03

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=59589.628 - 9361.809
=50227.819

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54211.457 - 2021.05 - 0
=52190.407

* 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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Synovus Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Synovus Financial Corp (NYSE:SNVpE.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
SNVpD.PFD:USA SNV:USA
Address
1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901
Website
https://www.synovus.com
Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.