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National General Holdings Scaled Net Operating Assets

: -0.14 (As of Dec. 2020)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

National General Holdings's operating assets for the quarter that ended in Dec. 2020 was $4,777 Mil. National General Holdings's operating liabilities for the quarter that ended in Dec. 2020 was $6,235 Mil. National General Holdings's Total Assets for the quarter that ended in Sep. 2020 was $10,224 Mil. Therefore, National General Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was -0.14.


National General Holdings 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.

National General Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2020 )
=(Operating Assets (A: Dec. 2020 )-Operating Liabilities (A: Dec. 2020 ))/Total Assets (A: Dec. 2019 )
=(9465.122-6235.086)/9756.534
=0.33

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Cash and cash equivalents
=10127.894 - 662.772
=9465.122

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6911.896 - 536.81 - 140
=6235.086

National General Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2020 )
=(Operating Assets (Q: Dec. 2020 )-Operating Liabilities (Q: Dec. 2020 ))/Total Assets (Q: Sep. 2020 )
=(4776.906-6235.086)/10224.256
=-0.14

where

Operating Assets(Q: Dec. 2020 )
=Total Assets - Cash and cash equivalents
=10127.894 - 5350.988
=4776.906

Operating Liabilities(Q: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6911.896 - 536.81 - 140
=6235.086

* 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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