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Huntington Bancshares (LTS:0J72) Scaled Net Operating Assets : 0.09 (As of Mar. 2024)


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What is Huntington Bancshares 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.

Huntington Bancshares's operating assets for the quarter that ended in Mar. 2024 was $176,030 Mil. Huntington Bancshares's operating liabilities for the quarter that ended in Mar. 2024 was $159,204 Mil. Huntington Bancshares's Total Assets for the quarter that ended in Dec. 2023 was $189,368 Mil. Therefore, Huntington Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.09.

Huntington Bancshares 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.

Huntington Bancshares'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 )
=(179045-157574)/182906
=0.12

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=189368 - 10323
=179045

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=169970 - 12394 - 2
=157574

Huntington Bancshares'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 )
=(176030-159204)/189368
=0.09

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=193519 - 17489
=176030

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=174146 - 14894 - 48
=159204

* 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.

Huntington Bancshares Scaled Net Operating Assets Related Terms

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Huntington Bancshares (LTS:0J72) Business Description

Industry
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Traded in Other Exchanges
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Address
41 South High Street, Huntington Center, Columbus, OH, USA, 43287
Website
https://www.huntington.com
Huntington Bancshares is a regional bank holding company headquartered in Columbus, Ohio. The bank has a network of branches and ATMs across eight Midwestern states. Founded in 1866, Huntington National Bank and its affiliates provide consumer, small-business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides auto dealer, equipment finance, national settlement, and capital market services that extend beyond its core states.