E-L Financial (TSX:ELF) Scaled Net Operating Assets : 0.36 (As of Dec. 2023)

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What is E-L Financial 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.

E-L Financial's operating assets for the quarter that ended in Dec. 2023 was C$25,314 Mil. E-L Financial's operating liabilities for the quarter that ended in Dec. 2023 was C$16,764 Mil. E-L Financial's Total Assets for the quarter that ended in Sep. 2023 was C$23,823 Mil. Therefore, E-L Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.36.

E-L Financial 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.

E-L Financial'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 )
=	(25318.732	-	16763.881)	/	23746.986
=	0.36

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	25759.593	-	440.861
=	25318.732

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17497.25	-	733.369	-	0
=	16763.881

E-L Financial'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 )
=	(25313.775	-	16763.881)	/	23823.494
=	0.36

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	25759.593	-	445.818
=	25313.775

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17497.25	-	733.369	-	0
=	16763.881

* 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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E-L Financial (TSX:ELF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » E-L Financial Corp Ltd (TSX:ELF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

ELFIF:USA ELF.PR.H.PFD:Canada ELF.PR.G.PFD:Canada ELF.PR.F.PFD:Canada

Address

165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8

Website

https://www.e-lfinancial.ca

E-L Financial Corp Ltd operates as an investment and insurance holding company that provides a broad range of wealth management products, individual insurance products, group plans, and financial services to meet the needs of individuals, professionals, and businesses. The firm has two segments; The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products, and the E-L Corporate segment operations include the oversight of investments in equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies. The firm generates a majority of its revenue from the E-L Corporate segment.