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NI Holdings (NI Holdings) Scaled Net Operating Assets : 0.02 (As of Dec. 2023)


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What is NI Holdings 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.

NI Holdings's operating assets for the quarter that ended in Dec. 2023 was $417.2 Mil. NI Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $404.5 Mil. NI Holdings's Total Assets for the quarter that ended in Sep. 2023 was $657.1 Mil. Therefore, NI Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.02.

NI 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.

NI Holdings'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 )
=(598.193-404.487)/614.232
=0.32

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=654.886 - 56.693
=598.193

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=404.487 - 0 - 0
=404.487

NI Holdings'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 )
=(417.198-404.487)/657.094
=0.02

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=654.886 - 237.688
=417.198

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=404.487 - 0 - 0
=404.487

* 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.

NI Holdings Scaled Net Operating Assets Related Terms

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NI Holdings (NI Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NI Holdings Inc (NAS:NODK) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
1101 First Avenue North, Fargo, ND, USA, 58102
Website
http://www.niholdingsinc.com
NI Holdings Inc is a stockholding company. The company's operating segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and others. It generates maximum revenue from the home and farm insurance segment.
Executives
Patrick W. Duncan officer: Vice President of Operations 1101 FIRST AVENUE NORTH, FARGO ND 58102
Prakash Mathew director 1101 FIRST AVENUE NORTH, FARGO ND 58102
Duaine Espegard director 1101 FIRST AVENUE NORTH, FARGO ND 58102
Stephen V. Marlow director 1101 FIRST AVENUE NORTH, FARGO ND 58102
Jeffrey R. Missling director 1101 FIRST AVENUE NORTH, FARGO ND 58102
Eric K. Aasmundstad director 1101 FIRST AVENUE NORTH, FARGO ND 58102
William Russell Devlin director 1101 FIRST AVENUE NORTH, FARGO ND 58102
Cindy Launer director 1101 FIRST AVENUE NORTH, FARGO ND 58102
Michael J. Alexander director, officer: President & CEO 1101 FIRST AVENUE NORTH, FARGO ND 58102
Seth C. Daggett officer: EVP of Strategy 1101 FIRST AVENUE NORTH, FARGO ND 58102
Timothy J. Milius officer: Vice President of Finance 1101 FIRST AVENUE NORTH, FARGO ND 58102
Brian R. Doom officer: Executive Vice President & CFO 1101 FIRST AVENUE NORTH, FARGO ND 58102
Brad J. Larson officer: Regional Sales Director 1101 FIRST AVENUE NORTH, FARGO ND 58102
Nodak Mutual Group, Inc. 10 percent owner 1101 FIRST AVENUE NORTH, FARGO ND 58102