Northway Financial (Northway Financial) Scaled Net Operating Assets : -0.07 (As of Dec. 2023)

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What is Northway Financial 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.

Northway Financial's operating assets for the quarter that ended in Dec. 2023 was $979.07 Mil. Northway Financial's operating liabilities for the quarter that ended in Dec. 2023 was $1,071.61 Mil. Northway Financial's Total Assets for the quarter that ended in Dec. 2022 was $1,302.60 Mil. Therefore, Northway Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.07.

Northway Financial 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.

Northway Financial'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 )
=	(1225.83	-	1071.61)	/	1302.602
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1290.467	-	64.637
=	1225.83

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1217.23	-	145.62	-	0
=	1071.61

Northway Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(979.074	-	1071.61)	/	1302.602
=	-0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1290.467	-	311.393
=	979.074

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1217.23	-	145.62	-	0
=	1071.61

* 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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Northway Financial (Northway Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northway Financial Inc (OTCPK:NWYF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3424 White Mountain Highway, North Conway, Conway, NH, USA, 03860

Website

https://www.northwaybank.com

Northway Financial Inc is a bank holding company. The bank is engaged in the business of attracting deposits from the public and investing those deposits in securities, commercial loans, real estate loans, and consumer loans. It provides various products and services such as Personal checking, Debit cards, Online banking, Mobile Banking, Mortgages, Business Loans, Credit cards, Personal insurance, investments, and other related services.

Executives

Jeffrey D Smith	officer: SVP-Chief Admin. Officer	2 ELM STREET / PO BOX 310, CAMDEN ME 04843
Fletcher W Adams	director
Stephen G Boucher	director
Richard P Orsillo	officer: SVP & Chief Financial Officer
Richard T Brunelle	officer: SVP Comm'l Loan Officer
William J Woodward	director, officer: Chairman, President & CEO
John H Noyes	director
Barry J Kelly	director
John A Gobel	officer: SVP/Senior Technology Officer	PO BOX 69, FRANKFORT ME 04438
Mark C Bechtold	officer: SVP/Sr HR Leadership Dev Off.	99 HYFIELD LANE, JEFFERSON NH 03583
John D Morris	director