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Northern Trust (LTS:0K91) Scaled Net Operating Assets : -0.20 (As of Mar. 2024)


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What is Northern Trust 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.

Northern Trust's operating assets for the quarter that ended in Mar. 2024 was $100,742 Mil. Northern Trust's operating liabilities for the quarter that ended in Mar. 2024 was $130,671 Mil. Northern Trust's Total Assets for the quarter that ended in Dec. 2023 was $150,783 Mil. Therefore, Northern Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.20.

Northern Trust 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.

Northern Trust'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 )
=(109726.4-125479.2)/155036.7
=-0.10

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=150783.1 - 41056.7
=109726.4

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=138885.2 - 13406 - 0
=125479.2

Northern Trust'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 )
=(100742.3-130670.5)/150783.1
=-0.20

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=156111 - 55368.7
=100742.3

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=144009.2 - 13338.7 - 0
=130670.5

* 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.

Northern Trust Scaled Net Operating Assets Related Terms

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Northern Trust (LTS:0K91) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Northern Trust Corp (LTS:0K91) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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Address
50 South La Salle Street, Chicago, IL, USA, 60603
Website
https://www.northerntrust.com
Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of Dec. 31, 2022, Northern Trust had assets under custody or administration of $13.6 trillion and assets under management of $1.2 trillion.