Jordan Insurance Co (AMM:JOIN) Scaled Net Operating Assets : 0.45 (As of Sep. 2024)

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What is Jordan 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.

Jordan Insurance Co's operating assets for the quarter that ended in Sep. 2024 was JOD103.19 Mil. Jordan Insurance Co's operating liabilities for the quarter that ended in Sep. 2024 was JOD58.55 Mil. Jordan Insurance Co's Total Assets for the quarter that ended in Jun. 2024 was JOD100.09 Mil. Therefore, Jordan Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.45.

Jordan 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.

Jordan 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 )
=	(68.773	-	53.784)	/	92.315
=	0.16

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	97.999	-	29.226
=	68.773

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	53.784	-	0	-	0
=	53.784

Jordan Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(103.191	-	58.55)	/	100.088
=	0.45

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	103.191	-	0
=	103.191

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	59.167	-	0	-	0.617
=	58.55

* 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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Jordan Insurance Co Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Prince Mohammed Street, P.O. Box 279, Jabal Amman - 3rd Circle, Amman, JOR, 11118

Website

https://www.jicjo.com

Jordan Insurance Co is engaged in the provision of insurance services. The company offers marine insurance products including cargo and hull insurance, engineering insurance products consisting of contractors all-risks insurance, contractors plant and machinery insurance, and erection all-risks insurance, and property insurance products, such as fire and lightning, householder's policy, benefits of homeowners insurance, and property all risks policy. It also provides motor insurance products, life insurance products comprising universal plans, term life insurance, and group life insurance. Besides, it also administers medical insurance and casualty insurance covering bankers blanket bonds, money insurance, fidelity guarantee, and others.