Union Bank of Nigeria (NSA:UBNP) Scaled Net Operating Assets : -0.07 (As of Mar. 2023)

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What is Union Bank of Nigeria 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.

Union Bank of Nigeria's operating assets for the quarter that ended in Mar. 2023 was ₦2,221,210 Mil. Union Bank of Nigeria's operating liabilities for the quarter that ended in Mar. 2023 was ₦2,415,024 Mil. Union Bank of Nigeria's Total Assets for the quarter that ended in Dec. 2022 was ₦2,795,755 Mil. Therefore, Union Bank of Nigeria's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2023 was -0.07.

Union Bank of Nigeria 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.

Union Bank of Nigeria'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 )
=	(2047800	-	2298055)	/	2595769
=	-0.10

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2795755	-	747955
=	2047800

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2498732	-	200677	-	0
=	2298055

Union Bank of Nigeria's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2023 )
=	(Operating Assets (Q: Mar. 2023 )	-	Operating Liabilities (Q: Mar. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(2221210	-	2415024)	/	2795755
=	-0.07

where

	Operating Assets		(Q: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2925518	-	704308
=	2221210

	Operating Liabilities		(Q: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2615883	-	200859	-	0
=	2415024

* 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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Union Bank of Nigeria (NSA:UBNP) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Stallion Plaza, 36 Marina, Lagos, NGA, 2027

Website

https://www.unionbankng.com

Union Bank of Nigeria PLC is a banking corporation. The principal activity of the Bank is the provision of banking and related financial services to corporate and individual customers. The company offers flexible current and savings accounts, cash management, trade finance, credit solutions, and treasury solutions. The company also provides personal loans, overdrafts, and advances to individuals as well as small and medium enterprises and corporates. The Bank also provides treasury services to high-net-worth individuals, commercial clients, corporates, and nonbanking financial institutions. The bank manages its business in four segments namely Retail Bank, Commercial Bank, Corporate Bank, and Treasury.