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Kingstone (Kingstone) Scaled Net Operating Assets : -0.31 (As of Dec. 2023)


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What is Kingstone 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.

Kingstone's operating assets for the quarter that ended in Dec. 2023 was $159.7 Mil. Kingstone's operating liabilities for the quarter that ended in Dec. 2023 was $257.9 Mil. Kingstone's Total Assets for the quarter that ended in Sep. 2023 was $317.0 Mil. Therefore, Kingstone's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.31.

Kingstone 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.

Kingstone'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 )
=(308.656-257.885)/320.333
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=317.633 - 8.977
=308.656

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=283.129 - 25.244 - 0
=257.885

Kingstone's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(159.735-257.885)/316.988
=-0.31

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=317.633 - 157.898
=159.735

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=283.129 - 25.244 - 0
=257.885

* 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.

Kingstone Scaled Net Operating Assets Related Terms

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Kingstone (Kingstone) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kingstone Companies Inc (NAS:KINS) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
15 Joys Lane, Kingston, NY, USA, 12401
Website
https://www.kingstonecompanies.com
Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals.
Executives
Meryl S. Golden director, officer: Chief Operating Officer 15 JOYS LANE, KINGSTON NY 12401
Timothy P Mcfadden director 310 8TH AVENUE NORTH, ST. PETERSBURG FL 33701
Michelle A. Gage officer: Chief Accounting Officer C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Minlei Chen officer: Chief Actuary and Senior VP KINGSTONE INSURANCE COMPANY, 15 JOYS LANE, KINGSTON NY 12401
Jennifer Gravelle officer: Chief Financial Officer C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Pelt Scott Van officer: Chief Financial Officer, Treas C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
William L Yankus director 10 PHEASANT HILL, FARMINGTON CT 06032
Richard Jason Swartz officer: Chief Accounting Officer 70 EAST SUNRISE HIGHWAY, VALLEY STREAM NY 11581
Floyd R Tupper director C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Barry Goldstein director, 10 percent owner, officer: President, COB, CEO, CFO, Trea 15 JOYS LANE, KINGSTON NY 12401
Jay M Haft director, 10 percent owner C/O NEUROTROPE, INC., 50 PARK PLACE, SUITE 1401, NEWARK NJ 07102
Dale A Thatcher director 40 WANTAGE AVE, BRANCHVILLE NJ 07890
Carla D'andre director 3540 LOQUAT AVENUE, MIAMI FL 33133
Jack D Siebald director 1336 BOXWOOD DRIVE WEST, HEWLETT HARBOR NY 11557
Benjamin Walden officer: VP+Chief Actuary-Kingstone Ins 11 MILL POND LANE, CENTERPORT NY 11721