Agricultural Development Bank (XGHA:ADB) Scaled Net Operating Assets : -0.29 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Agricultural Development Bank 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.

Agricultural Development Bank's operating assets for the quarter that ended in Mar. 2024 was GHS6,615.0 Mil. Agricultural Development Bank's operating liabilities for the quarter that ended in Mar. 2024 was GHS9,276.1 Mil. Agricultural Development Bank's Total Assets for the quarter that ended in Dec. 2023 was GHS9,312.6 Mil. Therefore, Agricultural Development Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.29.

Agricultural Development Bank 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.

Agricultural Development Bank'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 )
=	(6041.525	-	8761.075)	/	7412.72
=	-0.37

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	9312.647	-	3271.122
=	6041.525

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9414.943	-	653.868	-	0
=	8761.075

Agricultural Development Bank'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 )
=	(6614.972	-	9276.108)	/	9312.647
=	-0.29

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	9987.033	-	3372.061
=	6614.972

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10063.073	-	786.965	-	0
=	9276.108

* 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.

Agricultural Development Bank Scaled Net Operating Assets Related Terms

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

Agricultural Development Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Development Bank Ltd (XGHA:ADB) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Accra Financial Centre, P.O. Box 4191, Ridge, 3rd Ambassadorial Development Area, Accra, GHA

Website

https://www.agricbank.com

Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasurys. Corporate Banking includes loans, deposits, and other transactions and balances with corporate customers including the Agricultural sector. Retail Banking includes loans, deposits, and other transactions and balances with retail customers. The central Treasury segment undertakes the Bank's funding and centralised risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes, and investing in liquid assets such as short-term placements and corporate and government debt securities.