Ras Al Khaimah National Insurance Company PSC (ADX:RAKNIC) Scaled Net Operating Assets : 0.01 (As of Mar. 2024)

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What is Ras Al Khaimah National Insurance Company 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.

Ras Al Khaimah National Insurance Company PSC's operating assets for the quarter that ended in Mar. 2024 was د.إ415.4 Mil. Ras Al Khaimah National Insurance Company PSC's operating liabilities for the quarter that ended in Mar. 2024 was د.إ409.9 Mil. Ras Al Khaimah National Insurance Company PSC's Total Assets for the quarter that ended in Dec. 2023 was د.إ603.4 Mil. Therefore, Ras Al Khaimah National Insurance Company PSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.01.

Ras Al Khaimah National Insurance Company 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.

Ras Al Khaimah National Insurance Company 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 )
=	(574.928	-	384.5)	/	558.468
=	0.34

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	603.433	-	28.505
=	574.928

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	443.881	-	0	-	59.381
=	384.5

Ras Al Khaimah National Insurance Company PSC'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 )
=	(415.37	-	409.892)	/	603.433
=	0.01

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	650.966	-	235.596
=	415.37

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	488.273	-	0	-	78.381
=	409.892

* 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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Ras Al Khaimah National Insurance Company PSC Business Description

Industry

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Traded in Other Exchanges

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Address

P.O.Box 506, Ras Al Khaimah, ARE

Website

https://www.rakinsurance.com

Ras Al Khaimah National Insurance Company PSC operates as an insurance company in UAE. Its principal activity is to undertake all classes of the insurance business, including life assurance, saving, and accumulation of funds. It operates in two segments: Life & Medical and Motor & General. The majority of its revenue comes from Life & Medical segment.