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Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Net Current Asset Value : د.إ0.00 (As of Mar. 2024)


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What is Abu Dhabi National Insurance Co PJSC Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Abu Dhabi National Insurance Co PJSC's net current asset value per share for the quarter that ended in Mar. 2024 was د.إ0.00.

The historical rank and industry rank for Abu Dhabi National Insurance Co PJSC's Net Current Asset Value or its related term are showing as below:

ADX:ADNIC's Price-to-Net-Current-Asset-Value is not ranked *
in the Insurance industry.
Industry Median: 7.16
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Abu Dhabi National Insurance Co PJSC Net Current Asset Value Historical Data

The historical data trend for Abu Dhabi National Insurance Co PJSC's Net Current Asset Value can be seen below:

* 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.

* Premium members only.

Abu Dhabi National Insurance Co PJSC Net Current Asset Value Chart

Abu Dhabi National Insurance Co PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
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Abu Dhabi National Insurance Co PJSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Abu Dhabi National Insurance Co PJSC's Net Current Asset Value

For the Insurance - Diversified subindustry, Abu Dhabi National Insurance Co PJSC's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Abu Dhabi National Insurance Co PJSC's Price-to-Net-Current-Asset-Value Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abu Dhabi National Insurance Co PJSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Insurance Co PJSC's Price-to-Net-Current-Asset-Value falls into.



Abu Dhabi National Insurance Co PJSC Net Current Asset Value Calculation

Abu Dhabi National Insurance Co PJSC's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-4797.273-0-0)/570
=N/A

Abu Dhabi National Insurance Co PJSC's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2024 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-5576.882-0-0)/570
=N/A

* 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.


Abu Dhabi National Insurance Co PJSC  (ADX:ADNIC) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Abu Dhabi National Insurance Co PJSC Net Current Asset Value Related Terms

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Abu Dhabi National Insurance Co PJSC Business Description

Traded in Other Exchanges
N/A
Address
Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE
Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporations. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the majority of its premiums from the commercial segment.

Abu Dhabi National Insurance Co PJSC Headlines

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