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Middle-East Insurance Co (AMM:MEIN) Scaled Net Operating Assets : 0.36 (As of Dec. 2024)


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What is Middle-East 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.

Middle-East Insurance Co's operating assets for the quarter that ended in Dec. 2024 was JOD100.06 Mil. Middle-East Insurance Co's operating liabilities for the quarter that ended in Dec. 2024 was JOD63.94 Mil. Middle-East Insurance Co's Total Assets for the quarter that ended in Sep. 2024 was JOD100.41 Mil. Therefore, Middle-East Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.36.

Middle-East 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.

Middle-East Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(100.058-63.94)/101.659
=0.36

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=100.058 - 0
=100.058

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=63.94 - 0 - 0
=63.94

Middle-East Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(100.058-63.94)/100.414
=0.36

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=100.058 - 0
=100.058

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=63.94 - 0 - 0
=63.94

* 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.

Middle-East Insurance Co Scaled Net Operating Assets Related Terms

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Middle-East Insurance Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Middle-East Insurance Co (AMM:MEIN) » Definitions » Scaled Net Operating Assets
Comparable Companies
AMM:TIIC AMM:JOIN AMM:FINS AMM:JIJC BRK.A XTER:ALV XSWX:ZURN XPAR:CS MIL:G AIG ACGL TSX:SLF XTER:TLX XSWX:SLHN OHEL:SAMPO LSE:AV. XAMS:NN OCSE:TRYG BSP:BBSE3 TSX:BNT
Traded in Other Exchanges
N/A
Address
3rd Circle, 14 Zahran Street, P.O. Box: 1802, Jabal Amman, Amman, JOR, 11118
Website
https://www.meico.com.jo
Middle-East Insurance Co provides all types of insurance services and indemnity business. Its services include accidents, fire, marine, transportation, vehicle, liability, aviation, medical, and life insurance. The company operates in two segments General insurance and Life insurance. The majority of the revenue is generated domestically.