Triad Guaranty (Triad Guaranty) Scaled Net Operating Assets : -1.04 (As of Sep. 2012)

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What is Triad Guaranty 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.

Triad Guaranty's operating assets for the quarter that ended in Sep. 2012 was $741.2 Mil. Triad Guaranty's operating liabilities for the quarter that ended in Sep. 2012 was $1,623.4 Mil. Triad Guaranty's Total Assets for the quarter that ended in Jun. 2012 was $848.0 Mil. Therefore, Triad Guaranty's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2012 was -1.04.

Triad Guaranty 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.

Triad Guaranty's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2011 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2011 )
=	(Operating Assets (A: Dec. 2011 )	-	Operating Liabilities (A: Dec. 2011 ))	/	Total Assets (A: Dec. 2010 )
=	(855.637	-	1599.801)	/	991.625
=	-0.75

where

	Operating Assets		(A: Dec. 2011 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	896.227	-	40.59
=	855.637

	Operating Liabilities		(A: Dec. 2011 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1599.801	-	0	-	0
=	1599.801

Triad Guaranty's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2012 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2012 )
=	(Operating Assets (Q: Sep. 2012 )	-	Operating Liabilities (Q: Sep. 2012 ))	/	Total Assets (Q: Jun. 2012 )
=	(741.247	-	1623.379)	/	848.024
=	-1.04

where

	Operating Assets		(Q: Sep. 2012 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	820.59	-	79.343
=	741.247

	Operating Liabilities		(Q: Sep. 2012 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1623.379	-	0	-	0
=	1623.379

* 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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Triad Guaranty (Triad Guaranty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Triad Guaranty Inc (OTCPK:TGIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 South Stratford Road, Winston-Salem, NC, USA, 27104

Website

http://www.triadguaranty.com

Triad Guaranty Inc is a holding company which, through its wholly-owned subsidiary, Triad Guaranty Insurance Corporation ('TGIC'), is a nationwide mortgage insurer pursuing a run-off of its existing in-force book of business.

Executives

Durham Harold Lee Jr	director	4300 SIX FORKS ROAD, RALEIGH NC 27609
Williamson Henry G Jr	director	HOOKER FURNITURE CORPORATION, POB 4708, MARTINSVILLE VA 24112