Palestine Investment Bank (XPAE:PIBC) Scaled Net Operating Assets : -0.26 (As of Dec. 2023)

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What is Palestine Investment Bank 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.

Palestine Investment Bank's operating assets for the quarter that ended in Dec. 2023 was $494.99 Mil. Palestine Investment Bank's operating liabilities for the quarter that ended in Dec. 2023 was $687.08 Mil. Palestine Investment Bank's Total Assets for the quarter that ended in Sep. 2023 was $751.07 Mil. Therefore, Palestine Investment Bank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.26.

Palestine Investment Bank 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.

Palestine Investment Bank'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 )
=	(494.99	-	687.084)	/	746.299
=	-0.26

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	792.247	-	297.257
=	494.99

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	687.659	-	0.575	-	0
=	687.084

Palestine Investment Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(494.99	-	687.084)	/	751.072
=	-0.26

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	792.247	-	297.257
=	494.99

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	687.659	-	0.575	-	0
=	687.084

* 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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Palestine Investment Bank (XPAE:PIBC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Irsal street, Al-Bireh, PSE

Website

http://www.pibbank.com

Palestine Investment Bank is engaged in banking and financial activities in Palestine. The services provided by bank includes Current Account, Savings Account, Term Deposit Account and Smart Deposit. The commercial services of the bank include Letters of Credit, Issuing Letters of Guarantee and Bills for Collection. The company's operating business segments are Retail banking, Corporate banking services, Treasury and others. The revenue of the company derives from retail banking.