CFG Bank (CAS:CFG) Scaled Net Operating Assets : 0.33 (As of Jun. 2023)

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What is CFG 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.

CFG Bank's operating assets for the quarter that ended in Jun. 2023 was MAD17.31 Mil. CFG Bank's operating liabilities for the quarter that ended in Jun. 2023 was MAD12.22 Mil. CFG Bank's Total Assets for the quarter that ended in Dec. 2022 was MAD15.37 Mil. Therefore, CFG Bank's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.33.

CFG 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.

CFG Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(14.778	-	11.699)	/	11.648
=	0.26

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15.372	-	0.594
=	14.778

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14.499	-	2.8	-	0
=	11.699

CFG Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(17.306	-	12.222)	/	15.372
=	0.33

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18.077	-	0.771
=	17.306

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17.07	-	4.848	-	0
=	12.222

* 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.

CFG Bank Scaled Net Operating Assets Related Terms

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CFG Bank (CAS:CFG) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

5/7 Rue Ibnou Toufail, Casablanca, MAR

Website

https://www.cfgbank.com

CFG Bank is a financial services company which has organized itself around of the four main business lines of investment banking: corporate finance, stock market, asset management on behalf of third parties, investment capital.