Sharjah Insurance Co PSC (ADX:SICO) Scaled Net Operating Assets : 0.63 (As of Dec. 2023)

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What is Sharjah 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.

Sharjah Insurance Co PSC's operating assets for the quarter that ended in Dec. 2023 was د.إ233.83 Mil. Sharjah Insurance Co PSC's operating liabilities for the quarter that ended in Dec. 2023 was د.إ46.09 Mil. Sharjah Insurance Co PSC's Total Assets for the quarter that ended in Dec. 2022 was د.إ296.75 Mil. Therefore, Sharjah Insurance Co PSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.63.

Sharjah 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.

Sharjah 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 )
=	(270.494	-	46.087)	/	296.752
=	0.76

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	301.884	-	31.39
=	270.494

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	48.718	-	0.011	-	2.62
=	46.087

Sharjah 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 )
=	(233.831	-	46.087)	/	296.752
=	0.63

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	301.884	-	68.053
=	233.831

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	48.718	-	0.011	-	2.62
=	46.087

* 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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Sharjah Insurance Co PSC Business Description

Industry

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Traded in Other Exchanges

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Address

01, 02 Floors, Al Raha Tower, Corniche Al Mamzar, Al Khan, Sharjah, ARE

Website

https://www.shjins.com

Sharjah Insurance Co PSC is a national insurance company. Its principal activity of the company is dealing in general insurance, property, non-property insurance, and life insurance. It mainly carries out general insurance business. Its business segments are Underwriting and Investments. Underwriting segment comprises engineering and motor insurance, marine insurance, fire insurance, and other insurances. Investments segment include investments inside and outside U.A.E marketable equity securities, term deposits with banks and investment properties.