Malath Cooperative Insurance Co (SAU:8020) Scaled Net Operating Assets : 0.25 (As of Dec. 2023)

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What is Malath Cooperative Insurance Co 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.

Malath Cooperative Insurance Co's operating assets for the quarter that ended in Dec. 2023 was ﷼765.9 Mil. Malath Cooperative Insurance Co's operating liabilities for the quarter that ended in Dec. 2023 was ﷼532.5 Mil. Malath Cooperative Insurance Co's Total Assets for the quarter that ended in Sep. 2023 was ﷼923.9 Mil. Therefore, Malath Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.25.

Malath Cooperative Insurance Co 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.

Malath Cooperative Insurance Co'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 )
=	(813.569	-	532.5)	/	1020.12
=	0.28

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	924.14	-	110.571
=	813.569

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	534.05	-	1.55	-	0
=	532.5

Malath Cooperative Insurance Co'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 )
=	(765.919	-	532.5)	/	923.925
=	0.25

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	924.14	-	158.221
=	765.919

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	534.05	-	1.55	-	0
=	532.5

* 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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Malath Cooperative Insurance Co (SAU:8020) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Mohammad Bin Abdelaziz Street, P.O. Box 99763, Riyadh, SAU, 11625

Website

https://www.malath.com.sa

Malath Cooperative Insurance Co is engaged in providing insurance and related services products. Its insurance products and reportable segment include Medical, Motor, Fire and burglary, Marine, Public liability, Engineering, General accident and others. Geographically, the group operates only in the Kingdom of Saudi Arabia, and derives prime revenue from the Medical insurance segment. Medical insurance provides health care cover to policyholders. The company offers insurance services to individuals, corporates, and small and medium enterprises.