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First Merchants (STU:FM5) Scaled Net Operating Assets : 0.04 (As of Mar. 2024)


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What is First Merchants 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.

First Merchants's operating assets for the quarter that ended in Mar. 2024 was €14,891.7 Mil. First Merchants's operating liabilities for the quarter that ended in Mar. 2024 was €14,132.7 Mil. First Merchants's Total Assets for the quarter that ended in Dec. 2023 was €16,878.2 Mil. Therefore, First Merchants's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.04.

First Merchants 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.

First Merchants'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 )
=(16375.014-14017.884)/16994.076
=0.14

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=16878.198 - 503.184
=16375.014

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14817.046 - 799.162 - 0
=14017.884

First Merchants'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 )
=(14891.653-14132.681)/16878.198
=0.04

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=16852.379 - 1960.726
=14891.653

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14805.56 - 672.879 - 0
=14132.681

* 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.

First Merchants Scaled Net Operating Assets Related Terms

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First Merchants (STU:FM5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Merchants Corp (STU:FM5) » Definitions » Scaled Net Operating Assets
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PFS SBCF IBTX HTLF TOWN HTH MBIN TRMK BKU PPBI NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP MIC:SBER SGX:D05 ISX:BBCA MIL:ISP
Traded in Other Exchanges
FRME:USA
Address
200 East Jackson Street, P.O. Box 792, Muncie, IN, USA, 47305-2814
Website
https://www.firstmerchants.com
First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment that is community banking.