The Fortegra Group (The Fortegra Group) Scaled Net Operating Assets : 0.00 (As of Dec. 2020)

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What is The Fortegra Group 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.

The Fortegra Group's operating assets for the quarter that ended in Dec. 2020 was $1,971.7 Mil. The Fortegra Group's operating liabilities for the quarter that ended in Dec. 2020 was $1,965.4 Mil. The Fortegra Group's Total Assets for the quarter that ended in Dec. 2019 was $1,730.6 Mil. Therefore, The Fortegra Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was 0.00.

The Fortegra Group 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.

The Fortegra Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2020 )
=	(Operating Assets (A: Dec. 2020 )	-	Operating Liabilities (A: Dec. 2020 ))	/	Total Assets (A: Dec. 2019 )
=	(2348.816	-	1965.433)	/	1730.636
=	0.22

where

	Operating Assets		(A: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2452.799	-	103.983
=	2348.816

	Operating Liabilities		(A: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2155.09	-	189.657	-	0
=	1965.433

The Fortegra Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2020 )
=	(Operating Assets (Q: Dec. 2020 )	-	Operating Liabilities (Q: Dec. 2020 ))	/	Total Assets (Q: Dec. 2019 )
=	(1971.683	-	1965.433)	/	1730.636
=	0.00

where

	Operating Assets		(Q: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2452.799	-	481.116
=	1971.683

	Operating Liabilities		(Q: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2155.09	-	189.657	-	0
=	1965.433

* 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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