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FBN Holdings (NSA:FBNH) Scaled Net Operating Assets : -0.15 (As of Mar. 2024)


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What is FBN Holdings 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.

FBN Holdings's operating assets for the quarter that ended in Mar. 2024 was ₦16,066,345 Mil. FBN Holdings's operating liabilities for the quarter that ended in Mar. 2024 was ₦18,188,946 Mil. FBN Holdings's Total Assets for the quarter that ended in Sep. 2023 was ₦14,455,659 Mil. Therefore, FBN Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.15.

FBN Holdings 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.

FBN Holdings'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 )
=(7849570-8939213)/8932373
=-0.12

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=10577710 - 2728140
=7849570

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9581969 - 642756 - 0
=8939213

FBN Holdings'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: Sep. 2023 )
=(16066345-18188946)/14455659
=-0.15

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=21582323 - 5515978
=16066345

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19667031 - 1478085 - 0
=18188946

* 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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FBN Holdings (NSA:FBNH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FBN Holdings PLC (NSA:FBNH) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
35 Marina, Samuel Asabia House, PO Box 5216, Lagos, NGA
Website
https://www.fbnholdings.com
FBN Holdings PLC is a financial holding company in Africa. It is a diversified financial services group offering a broad range of products and services through its subsidiaries, across commercial banking, merchant banking, investment banking services, corporate banking, capital markets, provision of other financial services, trusteeship and insurance brokerage to millions of customers.