Al-Buhaira National Insurance Co (ADX:ABNIC) Scaled Net Operating Assets : 0.29 (As of Dec. 2023)

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What is Al-Buhaira National Insurance Co 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.

Al-Buhaira National Insurance Co's operating assets for the quarter that ended in Dec. 2023 was د.إ1,345.7 Mil. Al-Buhaira National Insurance Co's operating liabilities for the quarter that ended in Dec. 2023 was د.إ937.5 Mil. Al-Buhaira National Insurance Co's Total Assets for the quarter that ended in Sep. 2023 was د.إ1,388.1 Mil. Therefore, Al-Buhaira National Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.29.

Al-Buhaira National Insurance Co 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.

Al-Buhaira National Insurance Co'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 )
=	(1405.253	-	937.48)	/	1741.385
=	0.27

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1719.895	-	314.642
=	1405.253

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1223.344	-	100.324	-	185.54
=	937.48

Al-Buhaira National Insurance Co'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 )
=	(1345.686	-	937.48)	/	1388.057
=	0.29

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1719.895	-	374.209
=	1345.686

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1223.344	-	100.324	-	185.54
=	937.48

* 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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Al-Buhaira National Insurance Co (ADX:ABNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Buhaira National Insurance Co (ADX:ABNIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Buhaira Tower, Khalid Lagoon, P.O Box 6000, 6th Floor, Buhaira Corniche, Sharjah, ARE

Website

http://www.albuhaira.com

Al-Buhaira National Insurance Co is a national insurance company. The principal activity of the group is the writing of insurance of all types - other than savings and accumulation of funds. The company is organized into two segments namely Underwriting and Investments. The underwriting segment incorporates all classes of general insurance including fire, marine, medical, motor, general accident, and other classes of insurance. The investment segment includes investments in equity securities, term deposits with banks, and investment properties.