Unity Bank (NSA:UBP) Scaled Net Operating Assets : -0.18 (As of Dec. 2022)

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What is Unity 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.

Unity Bank's operating assets for the quarter that ended in Dec. 2022 was ₦441,295 Mil. Unity Bank's operating liabilities for the quarter that ended in Dec. 2022 was ₦538,299 Mil. Unity Bank's Total Assets for the quarter that ended in Dec. 2021 was ₦538,869 Mil. Therefore, Unity Bank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2022 was -0.18.

Unity 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.

Unity Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(441294.679	-	538299.348)	/	538868.756
=	-0.18

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	510143.959	-	68849.28
=	441294.679

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	785092.126	-	246792.778	-	0
=	538299.348

Unity Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2022 )
=	(Operating Assets (Q: Dec. 2022 )	-	Operating Liabilities (Q: Dec. 2022 ))	/	Total Assets (Q: Dec. 2021 )
=	(441294.679	-	538299.348)	/	538868.756
=	-0.18

where

	Operating Assets		(Q: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	510143.959	-	68849.28
=	441294.679

	Operating Liabilities		(Q: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	785092.126	-	246792.778	-	0
=	538299.348

* 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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Unity Bank (NSA:UBP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA

Website

http://www.unitybankng.com

Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated Two geographical segments in addition to the Head Office which are: North and South Bank, of which it dervies majority revenue from North Bank.