First International Bank of Israel (XTAE:FIBI) Scaled Net Operating Assets : -0.27 (As of Mar. 2024)

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What is First International Bank of Israel 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.

First International Bank of Israel's operating assets for the quarter that ended in Mar. 2024 was ₪149,210 Mil. First International Bank of Israel's operating liabilities for the quarter that ended in Mar. 2024 was ₪208,253 Mil. First International Bank of Israel's Total Assets for the quarter that ended in Dec. 2023 was ₪221,593 Mil. Therefore, First International Bank of Israel's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.27.

First International Bank of Israel 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.

First International Bank of Israel'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 )
=	(152727	-	203813)	/	195955
=	-0.26

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	221593	-	68866
=	152727

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	208947	-	5134	-	0
=	203813

First International Bank of Israel'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 )
=	(149210	-	208253)	/	221593
=	-0.27

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	225941	-	76731
=	149210

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	212989	-	4736	-	0
=	208253

* 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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First International Bank of Israel (XTAE:FIBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First International Bank of Israel Ltd (XTAE:FIBI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

42, Rothschild Boulevard, Tel Aviv, ISR, 6688310

Website

https://www.fibi.co.il

First International Bank of Israel Ltd is an Israel-based bank that primarily operates through six segments. The Corporate Banking segment focuses on providing financial services to large corporations in Israel. The Private Banking segment provides banking services to high-net-worth Israeli and foreign resident customers. The Commercial Banking segment serves middle-sized business clients. The Household segment provides relatively low cash volume services to private customers. The Small Business segment primarily serves small businesses. The Financial Management segment carries out asset and liability management activities and others. The company generates almost all of its interest and noninterest income from the Israeli domestic market.