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EQB (TSX:EQB) Scaled Net Operating Assets : 0.38 (As of Jan. 2024)


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What is EQB 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.

EQB's operating assets for the quarter that ended in Jan. 2024 was C$50,842.8 Mil. EQB's operating liabilities for the quarter that ended in Jan. 2024 was C$30,341.5 Mil. EQB's Total Assets for the quarter that ended in Jun. 2023 was C$53,318.7 Mil. Therefore, EQB's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.38.

EQB 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.

EQB's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2021 )
=(Operating Assets (A: Dec. 2021 )-Operating Liabilities (A: Dec. 2021 ))/Total Assets (A: Dec. 2020 )
=(35385.819-20630.162)/30746.318
=0.48

where

Operating Assets(A: Dec. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=36159.07 - 773.251
=35385.819

Operating Liabilities(A: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=34206.436 - 13376.146 - 200.128
=20630.162

EQB's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2024 )
=(Operating Assets (Q: Jan. 2024 )-Operating Liabilities (Q: Jan. 2024 ))/Total Assets (Q: Jun. 2023 )
=(50842.813-30341.466)/53318.703
=0.38

where

Operating Assets(Q: Jan. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=53098.875 - 2256.062
=50842.813

Operating Liabilities(Q: Jan. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50181.825 - 18507.456 - 1332.903
=30341.466

* 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.

EQB Scaled Net Operating Assets Related Terms

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EQB (TSX:EQB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » EQB Inc (TSX:EQB) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
EQGPF:USA V22:Germany EQB.PR.C.PFD:Canada
Address
30 St. Clair Avenue West, Suite 700, Toronto, ON, CAN, M4V 3A1
Website
https://www.eqbank.ca
EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.
Executives
Andrew Moor Senior Officer