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Munchener Ruckversicherungs-Gesellschaft AG  (OTCPK:MURGF) Scaled Net Operating Assets: -0.43 (As of Mar. 2019)

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Munchener Ruckversicherungs-Gesellschaft AG's operating assets for the quarter that ended in Mar. 2019 was $146,062 Mil. Munchener Ruckversicherungs-Gesellschaft AG's operating liabilities for the quarter that ended in Mar. 2019 was $278,940 Mil. Munchener Ruckversicherungs-Gesellschaft AG's Total Assets for the quarter that ended in Dec. 2018 was $307,358 Mil. Therefore, Munchener Ruckversicherungs-Gesellschaft AG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2019 was -0.43.


Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Munchener Ruckversicherungs-Gesellschaft AG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(301686.006826-271765.642776)/314463.905325
=0.10

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash and cash equivalents
=307358.361775 - 5672.35494881
=301686.006826

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Current Portion of Long-Term Debt
=277210.466439 - 149.032992036 - 5295.79067122 - 0
=271765.642776

Munchener Ruckversicherungs-Gesellschaft AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2019 )
=(Operating Assets (Q: Mar. 2019 )-Operating Liabilities (Q: Mar. 2019 ))/Total Assets (Q: Dec. 2018 )
=(146062.146893-278940.112994)/307358.361775
=-0.43

where

Operating Assets(Q: Mar. 2019 )
=Total Assets - Cash and cash equivalents
=316538.983051 - 170476.836158
=146062.146893

Operating Liabilities(Q: Mar. 2019 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Current Portion of Long-Term Debt
=283781.920904 - 151.412429379 - 4690.39548023 - 0
=278940.112994

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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