Gulf Insurance Group KSC (KUW:GINS) Scaled Net Operating Assets : -0.09 (As of Mar. 2024)

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What is Gulf Insurance Group KSC 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.

Gulf Insurance Group KSC's operating assets for the quarter that ended in Mar. 2024 was KWD665.9 Mil. Gulf Insurance Group KSC's operating liabilities for the quarter that ended in Mar. 2024 was KWD769.6 Mil. Gulf Insurance Group KSC's Total Assets for the quarter that ended in Dec. 2023 was KWD1,175.4 Mil. Therefore, Gulf Insurance Group KSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.09.

Gulf Insurance Group KSC 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.

Gulf Insurance Group KSC'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 )
=	(1038.045	-	740.041)	/	1143.349
=	0.26

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1175.416	-	137.371
=	1038.045

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	801.273	-	58.15	-	3.082
=	740.041

Gulf Insurance Group KSC'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 )
=	(665.86	-	769.632)	/	1175.416
=	-0.09

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1197.993	-	532.133
=	665.86

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	828.009	-	58.133	-	0.244
=	769.632

* 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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Gulf Insurance Group KSC (KUW:GINS) Business Description

Industry

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Traded in Other Exchanges

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Address

Khaled Ibn Al Waleed Street, Sharq, P.O.Box 1040, Safat, KIPCO Tower, 40th Floor, Office Number 1 and 2, Kuwait City, KWT, 13011

Website

https://www.gig.com.kw

Gulf Insurance Group KSC is an insurance company offering solutions and covering a range of risks related to Motor, Marine & Aviation, Property & Casualty, and Life & Health Insurance both in conventional and Takaful (Islamic insurance based on Shariah principles) basis. Gulf Insurance operates its business in two segments namely General risk insurance and Life and medical insurance offering general insurance including marine and aviation, motor vehicles, property, engineering and general accidents; and savings, protection products, and other long-term contracts respectively. The company generates revenues from the premium amount written.