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Citba Financial (Citba Financial) Scaled Net Operating Assets : -0.25 (As of Mar. 2024)


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What is Citba 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.

Citba Financial's operating assets for the quarter that ended in Mar. 2024 was $428.63 Mil. Citba Financial's operating liabilities for the quarter that ended in Mar. 2024 was $589.18 Mil. Citba Financial's Total Assets for the quarter that ended in Dec. 2023 was $648.14 Mil. Therefore, Citba Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.25.

Citba 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.

Citba 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 )
=(618.941-590.103)/632.147
=0.05

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=648.14 - 29.199
=618.941

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=590.103 - 0 - 0
=590.103

Citba Financial'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 )
=(428.634-589.175)/648.14
=-0.25

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=646.248 - 217.614
=428.634

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=589.175 - 0 - 0
=589.175

* 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.

Citba Financial Scaled Net Operating Assets Related Terms

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Citba Financial (Citba Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citba Financial Corp (OTCPK:CBAF) » Definitions » Scaled Net Operating Assets
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CBWA RWCB EDVR FGFI FRSB CFOK SHFS MSVB STBI OPHC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP MIC:SBER SGX:D05 ISX:BBCA MIL:ISP
Traded in Other Exchanges
N/A
Address
33 North Indiana Street, Mooresville, IN, USA, 46158
Website
https://www.citizens-banking.com
Citba Financial Corp is a financial service provider. It functions through its wholly-owned subsidiary. The company is a bank holding company whose principal activity is the ownership and management of the Bank. It operates under a state bank charter and provides full banking services including personal and business banking facilities such as banking, checking, savings, business checking, business saving, and commercial loans. The Bank generates commercial, mortgage, and consumer loans and receives deposits from customers located in the United States. The Company generates revenues from Deposit Services and Card Services Income.