Primus Guaranty (Primus Guaranty) Scaled Net Operating Assets : 0.05 (As of Dec. 2011)

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What is Primus Guaranty 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.

Primus Guaranty's operating assets for the quarter that ended in Dec. 2011 was $498.58 Mil. Primus Guaranty's operating liabilities for the quarter that ended in Dec. 2011 was $468.98 Mil. Primus Guaranty's Total Assets for the quarter that ended in Sep. 2011 was $594.63 Mil. Therefore, Primus Guaranty's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2011 was 0.05.

Primus Guaranty 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.

Primus Guaranty's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2011 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2011 )
=	(Operating Assets (A: Dec. 2011 )	-	Operating Liabilities (A: Dec. 2011 ))	/	Total Assets (A: Dec. 2010 )
=	(498.577	-	468.982)	/	634.859
=	0.05

where

	Operating Assets		(A: Dec. 2011 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	585.824	-	87.247
=	498.577

	Operating Liabilities		(A: Dec. 2011 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	641.316	-	172.334	-	0
=	468.982

Primus Guaranty's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2011 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2011 )
=	(Operating Assets (Q: Dec. 2011 )	-	Operating Liabilities (Q: Dec. 2011 ))	/	Total Assets (Q: Sep. 2011 )
=	(498.577	-	468.982)	/	594.628
=	0.05

where

	Operating Assets		(Q: Dec. 2011 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	585.824	-	87.247
=	498.577

	Operating Liabilities		(Q: Dec. 2011 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	641.316	-	172.334	-	0
=	468.982

* 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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Primus Guaranty (Primus Guaranty) Business Description

Industry

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Traded in Other Exchanges

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Address

Clarendon House, 2 Church Street, Hamilton, BMU, HM 11

Website

http://www.primusfinancial.com

Bermuda-domiciled Primus Guaranty provides credit protection on debt instruments through credit swaps sold by its subsidiary, Primus Financial. The firm is also attempting to enter the credit asset management business.