GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Truist Financial Corp (NYSE:TFCpG.PFD) » Definitions » Scaled Net Operating Assets

Truist Financial (Truist Financial) Scaled Net Operating Assets : 0.16 (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Truist 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.

Truist Financial's operating assets for the quarter that ended in Dec. 2023 was $501,110.00 Mil. Truist Financial's operating liabilities for the quarter that ended in Dec. 2023 was $416,402.00 Mil. Truist Financial's Total Assets for the quarter that ended in Sep. 2023 was $542,707.00 Mil. Therefore, Truist Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.16.

Truist 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.

Truist 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 )
=(504705-416402)/555255
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=535349 - 30644
=504705

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=476096 - 38918 - 20776
=416402

Truist Financial'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 )
=(501110-416402)/542707
=0.16

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=535349 - 34239
=501110

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=476096 - 38918 - 20776
=416402

* 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.

Truist Financial Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Truist Financial's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Truist Financial (Truist Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Truist Financial Corp (NYSE:TFCpG.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
NU PNC USB FCNCA FITB MTB HBAN RF CFG KEY NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
TFCpR.PFD:USA TFCpO.PFD:USA TFCpI.PFD:USA TFC:USA TFC:Mexico 1TFC:Italy BBK:Germany B1BT34:Brazil TFC:Austria
Address
214 North Tryon Street, Charlotte, NC, USA, 28202
Website
https://www.truist.com
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.