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Topdanmark A/S (OCSE:TOP) Scaled Net Operating Assets : 0.31 (As of Mar. 2024)


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What is Topdanmark A/S 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.

Topdanmark A/S's operating assets for the quarter that ended in Mar. 2024 was kr23,785 Mil. Topdanmark A/S's operating liabilities for the quarter that ended in Mar. 2024 was kr16,974 Mil. Topdanmark A/S's Total Assets for the quarter that ended in Dec. 2023 was kr21,826 Mil. Therefore, Topdanmark A/S's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.31.

Topdanmark A/S 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.

Topdanmark A/S'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 )
=(21531-15054)/22603
=0.29

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=21826 - 295
=21531

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17105 - 2051 - 0
=15054

Topdanmark A/S's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(23785-16974)/21826
=0.31

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=24566 - 781
=23785

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19428 - 2454 - 0
=16974

* 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.

Topdanmark A/S Scaled Net Operating Assets Related Terms

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Topdanmark A/S (OCSE:TOP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Topdanmark A/S (OCSE:TOP) » Definitions » Scaled Net Operating Assets
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OCSE:ALMB OCSE:TRYG BRK.A XPAR:CS XSWX:ZURN AIG MIL:G ACGL TSX:SLF OHEL:SAMPO XTER:TLX XSWX:SLHN LSE:AV. BSP:BBSE3 XAMS:NN EQH XAMS:AGN XAMS:ASRNL BOM:540716 BSP:CXSE3
Traded in Other Exchanges
TPDKY:USA TOPc:UK 0QCQ:UK TQ71:Germany
Address
Borupvang 4, Ballerup, DNK, DK-2750
Website
https://www.topdanmark.com
Topdanmark A/S is a diversified insurance company that offers a variety of insurance products in Denmark. The company strives to maintain an expense ratio lower than the general market. Topdanmark offers life insurance, as well as non-life-insurance products that cover private households and small businesses. The company´s insurance business is segmented into three: Private offers non-life insurance policies to individual households in Denmark. This segment also includes illness and accident insurance offered through the life company; SME offers non-life insurance policies to Danish-based agricultural and SME businesses; Life offers products within life insurance and pension funds to both private and SME customers in Denmark.