Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) Scaled Net Operating Assets : 0.29 (As of Dec. 2023)

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What is Al Ain Ahlia Insurance Co PSC 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 Ain Ahlia Insurance Co PSC's operating assets for the quarter that ended in Dec. 2023 was د.إ1,896.3 Mil. Al Ain Ahlia Insurance Co PSC's operating liabilities for the quarter that ended in Dec. 2023 was د.إ1,175.8 Mil. Al Ain Ahlia Insurance Co PSC's Total Assets for the quarter that ended in Dec. 2022 was د.إ2,453.2 Mil. Therefore, Al Ain Ahlia Insurance Co PSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.29.

Al Ain Ahlia Insurance Co PSC 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 Ain Ahlia Insurance Co PSC'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 )
=	(2447.671	-	1175.795)	/	2453.229
=	0.52

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2505.562	-	57.891
=	2447.671

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1175.795	-	0	-	0
=	1175.795

Al Ain Ahlia Insurance Co PSC'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: Dec. 2022 )
=	(1896.345	-	1175.795)	/	2453.229
=	0.29

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2505.562	-	609.217
=	1896.345

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1175.795	-	0	-	0
=	1175.795

* 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 Ain Ahlia Insurance Co PSC Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, P.O. Box 3077, Al Ain Insurance Company Building, Behind Al Jazira Sports Club, Abu Dhabi, ARE

Website

https://www.alaininsurance.com

Al Ain Ahlia Insurance Co PSC is an Abu Dhabi-based insurance company providing a range of insurance products and services including motor, engineering, health, property, marine, energy, and aviation insurance as well as reinsurance solutions. The company operates its business in two segments: Underwriting of General Insurance Business and Investments, out of which the company derives maximum revenue from the Underwriting of General Insurance business in the form of insurance contracts and commission income incorporating all classes of general insurance such as fire, marine, motor, medical, general accident and miscellaneous.