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The South Financial Group (The South Financial Group) Scaled Net Operating Assets : 0.07 (As of Jun. 2010)


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What is The South Financial Group 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.

The South Financial Group's operating assets for the quarter that ended in Jun. 2010 was $10,434.74 Mil. The South Financial Group's operating liabilities for the quarter that ended in Jun. 2010 was $9,599.08 Mil. The South Financial Group's Total Assets for the quarter that ended in Mar. 2010 was $12,428.15 Mil. Therefore, The South Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2010 was 0.07.

The South Financial Group 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.

The South Financial Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2009 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2009 )
=(Operating Assets (A: Dec. 2009 )-Operating Liabilities (A: Dec. 2009 ))/Total Assets (A: Dec. 2008 )
=(11511.674-9462.237)/13602.326
=0.15

where

Operating Assets(A: Dec. 2009 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11894.982 - 383.308
=11511.674

Operating Liabilities(A: Dec. 2009 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10901.808 - 1116.869 - 322.702
=9462.237

The South Financial Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2010 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2010 )
=(Operating Assets (Q: Jun. 2010 )-Operating Liabilities (Q: Jun. 2010 ))/Total Assets (Q: Mar. 2010 )
=(10434.737-9599.075)/12428.152
=0.07

where

Operating Assets(Q: Jun. 2010 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11595.369 - 1160.632
=10434.737

Operating Liabilities(Q: Jun. 2010 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10978.548 - 1116.206 - 263.267
=9599.075

* 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.

The South Financial Group Scaled Net Operating Assets Related Terms

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The South Financial Group (The South Financial Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The South Financial Group Inc (OTCPK:TSFGM.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
IEBS OPHC PZBW CCSB BTHT HWIS CSHB SUGR EGDW DLNO ALBY CROL CZID CNNB FRSB CUMD SSNF FCNH CFDB QNTO
Traded in Other Exchanges
N/A
Address
102 South Main Street, Greenville, SC, USA, 29601
Website
http://www.thesouthgroup.com
The South Financial Group Inc runs business banks in Florida, South Carolina, and North Carolina under the names Carolina First and Mercantile Bank. It also operates a small online platform, CaroLine. The bank has a total of $12.4 billion in assets. South Financial Group is primarily located in metropolitan markets and targets small and midsize businesses.
Executives
H Lynn Harton officer: Interim CEO C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30512
Tanya A Butts officer: Executive Vice President 104 S. MAIN STREET, GREENVILLE SC 29601
James R Gordon officer: Chief Financial Officer 104 SOUTH MAIN STREET, GREENVILLE SC 29601
Robert A. Edwards officer: EVP - Chief Risk Officer C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30514
Donald T Heroman director C/O EQUIFAX INC, 1550 PEACHTREE STREET, N.W., ATLANTA GA 30309
Christopher T Holmes officer: Sr. Executive Vice President C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Challis M Lowe director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Hummers William S Iii director CAROLINA FIRST BANK, 102 S MAIN STREET, GREEENVILLE SC 29601
Maverick Capital Ltd 10 percent owner 1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Ainslie Lee S Iii 10 percent owner
Maverick Capital Management Llc 10 percent owner 300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Michael Hogan director 1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Andrew B Cheney officer: Chairman/ Subsidiary Bank C/O CITRUS BANK, 2110 RIVER ROAD, JACKSONVILLE FL 32207
Terry James W Jr officer: Exec. Vice President HOLLINGSWORTH FUNDS, INC., 123 VERDAE BLVD., SUITE 104, GREENVILLE SC 29607
Timothy K Schools officer: Chief Financial Officer 8 WOODLAND WAY, GREENVILLE SC 29601