Ageas/ NV (Ageas/ NV) Scaled Net Operating Assets : -0.46 (As of Dec. 2023)

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What is Ageas/ NV 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.

Ageas/ NV's operating assets for the quarter that ended in Dec. 2023 was $41,349 Mil. Ageas/ NV's operating liabilities for the quarter that ended in Dec. 2023 was $91,177 Mil. Ageas/ NV's Total Assets for the quarter that ended in Jun. 2023 was $107,245 Mil. Therefore, Ageas/ NV's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.46.

Ageas/ NV 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.

Ageas/ NV'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 )
=	(103400.218	-	91176.663)	/	103063.559
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	105444.929	-	2044.711
=	103400.218

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	96176.663	-	5000	-	0
=	91176.663

Ageas/ NV'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: Jun. 2023 )
=	(41348.964	-	91176.663)	/	107244.854
=	-0.46

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	105444.929	-	64095.965
=	41348.964

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	96176.663	-	5000	-	0
=	91176.663

* 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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Ageas/ NV (Ageas/ NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ageas SA/ NV (OTCPK:AGESY) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

AGS:Mexico AGS:Italy AGSb:UK 0Q99:UK FO4N:Germany AGS:Belgium AGS:Austria

Address

Rue du Marquis 1/Markiesstraat 1, Box 7, Brussels, BEL, 1000

Website

https://www.ageas.com

Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis' capital began to decline, the company initiated a rights issue and the long-held promised dividend was suspended. As Fortis' share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government, and BNP Paribas and was asked to spin off its insurance and asset management divisions.