Grupo Financiero BanorteB de CV (Grupo Financiero BanorteB de CV) Scaled Net Operating Assets : 0.12 (As of Mar. 2024)

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What is Grupo Financiero BanorteB de CV 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.

Grupo Financiero BanorteB de CV's operating assets for the quarter that ended in Mar. 2024 was $136,798 Mil. Grupo Financiero BanorteB de CV's operating liabilities for the quarter that ended in Mar. 2024 was $120,322 Mil. Grupo Financiero BanorteB de CV's Total Assets for the quarter that ended in Dec. 2023 was $134,018 Mil. Therefore, Grupo Financiero BanorteB de CV's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.12.

Grupo Financiero BanorteB de CV 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.

Grupo Financiero BanorteB de CV'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 )
=	(128113.422	-	111646.478)	/	106179.319
=	0.16

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	134018.249	-	5904.827
=	128113.422

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	119336.892	-	7690.414	-	0
=	111646.478

Grupo Financiero BanorteB de CV'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 )
=	(136797.515	-	120322.264)	/	134018.249
=	0.12

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	144333.679	-	7536.164
=	136797.515

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	128569.414	-	8247.15	-	0
=	120322.264

* 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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Grupo Financiero BanorteB de CV (Grupo Financiero BanorteB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo Financiero Banorte SAB de CV (OTCPK:GBOOF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

GBOOY:USA GFNORTEO:Mexico XNOR:Spain 4FN:Germany

Address

14th Floor, Avenue Prolongacion Reforma 1230, Col. Cruz Manca Santa Fe, Delegacion Cuajimalpa, Mexico, MEX, MEX, 05349

Website

https://www.banorte.com

Grupo Financiero Banorte SAB de CV is a Mexican financial services company. The company offers a wide variety of products and services including banking services, brokerage, wholesale banking, leasing, factoring, insurance, pensions, and retirement savings. It operates locally in Mexico.