Bankwell Financial Group (FRA:33W) Scaled Net Operating Assets : 0.02 (As of Mar. 2024)

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What is Bankwell Financial Group 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.

Bankwell Financial Group's operating assets for the quarter that ended in Mar. 2024 was €2,577.67 Mil. Bankwell Financial Group's operating liabilities for the quarter that ended in Mar. 2024 was €2,509.74 Mil. Bankwell Financial Group's Total Assets for the quarter that ended in Dec. 2023 was €2,948.60 Mil. Therefore, Bankwell Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.02.

Bankwell Financial Group 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.

Bankwell Financial Group'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 )
=	(2703.28	-	2558.911)	/	3070.312
=	0.05

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2948.597	-	245.317
=	2703.28

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2704.902	-	145.991	-	0
=	2558.911

Bankwell Financial Group'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 )
=	(2577.668	-	2509.738)	/	2948.597
=	0.02

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2902.852	-	325.184
=	2577.668

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2656.263	-	146.525	-	0
=	2509.738

* 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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Bankwell Financial Group (FRA:33W) Business Description

Industry

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Traded in Other Exchanges

BWFG:USA

Address

258 Elm Street, New Canaan, CT, USA, 06840

Website

https://www.mybankwell.com

Bankwell Financial Group Inc is a bank holding company, engaged in providing financial products and services. It offers products related to commercial lending, retail lending, depository services, and others. The bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans to small and mid-sized businesses, and real estate construction and development loans. The retail lending products include residential mortgage loans, home equity lines of credit, and consumer installment loans. Its depository products include checking, savings, money market, certificates of deposit, noninterest-bearing demand, and time deposits.