Sina Finance and Credit Co (XTEH:VSIN1) Scaled Net Operating Assets : -0.24 (As of Mar. 2014)

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What is Sina Finance and Credit Co 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.

Sina Finance and Credit Co's operating assets for the quarter that ended in Mar. 2014 was IRR83,344,000 Mil. Sina Finance and Credit Co's operating liabilities for the quarter that ended in Mar. 2014 was IRR105,693,954 Mil. Sina Finance and Credit Co's Total Assets for the quarter that ended in Mar. 2013 was IRR94,450,000 Mil. Therefore, Sina Finance and Credit Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2014 was -0.24.

Sina Finance and Credit Co 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.

Sina Finance and Credit Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2014 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2014 )
=	(Operating Assets (A: Mar. 2014 )	-	Operating Liabilities (A: Mar. 2014 ))	/	Total Assets (A: Mar. 2013 )
=	(83344000	-	105693954)	/	94450000
=	-0.24

where

	Operating Assets		(A: Mar. 2014 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	122980000	-	39636000
=	83344000

	Operating Liabilities		(A: Mar. 2014 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	111090000	-	5396046	-	0
=	105693954

Sina Finance and Credit Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2014 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2014 )
=	(Operating Assets (Q: Mar. 2014 )	-	Operating Liabilities (Q: Mar. 2014 ))	/	Total Assets (Q: Mar. 2013 )
=	(83344000	-	105693954)	/	94450000
=	-0.24

where

	Operating Assets		(Q: Mar. 2014 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	122980000	-	39636000
=	83344000

	Operating Liabilities		(Q: Mar. 2014 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	111090000	-	5396046	-	0
=	105693954

* 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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Sina Finance and Credit Co (XTEH:VSIN1) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No 187 Motahari Avenue, Tehran, IRN, 1587998411

Website

http://www.sinabank.ir

Sina Finance and Credit Co is a credit and finance company. Its business activities consist of monetary, financial and credential performances as well as other activities related to various parts of the economy and giving service to real and legal persons. The company also aims at funding various production, business and service units as well as granting credit facilities to various economic sectors. Sina offers various banking services including internet banking, mobile banking, telephone banking, loans, foreign exchange and SMS banking services.