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Mercury General (FRA:MCG) Scaled Net Operating Assets : 0.21 (As of Mar. 2024)


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What is Mercury General 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.

Mercury General's operating assets for the quarter that ended in Mar. 2024 was €6,167 Mil. Mercury General's operating liabilities for the quarter that ended in Mar. 2024 was €4,787 Mil. Mercury General's Total Assets for the quarter that ended in Dec. 2023 was €6,514 Mil. Therefore, Mercury General's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.21.

Mercury General 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.

Mercury General'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 )
=(6008.637-4555.007)/6149.393
=0.24

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6513.815 - 505.178
=6008.637

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5094.166 - 539.159 - 0
=4555.007

Mercury General'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 )
=(6167.144-4787.392)/6513.815
=0.21

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6804.291 - 637.147
=6167.144

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5328.586 - 357.194 - 184
=4787.392

* 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.

Mercury General Scaled Net Operating Assets Related Terms

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Mercury General (FRA:MCG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (FRA:MCG) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
MCY:USA
Address
4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010
Website
http://www.mercuryinsurance.com
Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.