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South Plains Financial (STU:4S4) Scaled Net Operating Assets : -0.11 (As of Mar. 2024)


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What is South Plains 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.

South Plains Financial's operating assets for the quarter that ended in Mar. 2024 was €2,987.4 Mil. South Plains Financial's operating liabilities for the quarter that ended in Mar. 2024 was €3,404.1 Mil. South Plains Financial's Total Assets for the quarter that ended in Dec. 2023 was €3,855.8 Mil. Therefore, South Plains Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.11.

South Plains 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.

South Plains 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 )
=(3553.04-3381.448)/3723.195
=0.05

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3855.795 - 302.755
=3553.04

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3482.472 - 101.024 - 0
=3381.448

South Plains Financial'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 )
=(2987.411-3404.062)/3855.795
=-0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3881.474 - 894.063
=2987.411

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3505.459 - 101.397 - 0
=3404.062

* 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.

South Plains Financial Scaled Net Operating Assets Related Terms

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South Plains Financial (STU:4S4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Plains Financial Inc (STU:4S4) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
SPFI:USA
Address
5219 City Bank Parkway, Lubbock, TX, USA, 79407
Website
https://www.spfi.bank
South Plains Financial Inc operates as a bank holding company. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. The principal business activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The company has two reportable segments: banking and insurance.