Skyline Bankshares (Skyline Bankshares) Scaled Net Operating Assets : -0.03 (As of Mar. 2024)

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What is Skyline Bankshares 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.

Skyline Bankshares's operating assets for the quarter that ended in Mar. 2024 was $906.36 Mil. Skyline Bankshares's operating liabilities for the quarter that ended in Mar. 2024 was $937.21 Mil. Skyline Bankshares's Total Assets for the quarter that ended in Dec. 2023 was $1,045.84 Mil. Therefore, Skyline Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.03.

Skyline Bankshares 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.

Skyline Bankshares'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 )
=	(1024.224	-	907.961)	/	997.734
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1045.843	-	21.619
=	1024.224

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	962.961	-	27.5	-	27.5
=	907.961

Skyline Bankshares'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 )
=	(906.364	-	937.205)	/	1045.843
=	-0.03

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1050.08	-	143.716
=	906.364

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	967.205	-	0	-	30
=	937.205

* 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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Skyline Bankshares (Skyline Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Skyline Bankshares Inc (OTCPK:SLBK) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

101 Jacksonville Circle, Floyd, VA, USA, 24091

Website

https://www.skylinenationalbank.bank

Skyline Bankshares Inc is a bank holding company. The company's product and service portfolio includes regular savings, demand, NOW, money market deposits, individual retirement accounts, and small denomination certificates of deposit. It also offers a variety of secured loans, including commercial lines of credit, commercial term loans, real estate, construction, home equity, consumer, and other loans.