The Islamic Insurance Co (AMM:TIIC) Scaled Net Operating Assets : -0.26 (As of Dec. 2024)

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What is The Islamic 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.

The Islamic Insurance Co's operating assets for the quarter that ended in Dec. 2024 was JOD14.73 Mil. The Islamic Insurance Co's operating liabilities for the quarter that ended in Dec. 2024 was JOD28.64 Mil. The Islamic Insurance Co's Total Assets for the quarter that ended in Sep. 2024 was JOD54.08 Mil. Therefore, The Islamic Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was -0.26.

The Islamic 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.

The Islamic 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 )
=	(23.53	-	28.642)	/	48.33
=	-0.11

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	52.108	-	28.578
=	23.53

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28.642	-	0	-	0
=	28.642

The Islamic 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 )
=	(14.726	-	28.642)	/	54.084
=	-0.26

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	52.108	-	37.382
=	14.726

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28.642	-	0	-	0
=	28.642

* 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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The Islamic Insurance Co Business Description

Industry

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Traded in Other Exchanges

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Address

Wasfi Al-Tal Street (Al Gardens) - (94), P.O. Box 941000, Al-Tabba'a Commercial Complex, Amman, JOR, 11194

Website

https://www.islamicinsurance.jo

The Islamic Insurance Co is a Jordon-based insurance company engaged in insurance activities. The company offers motor, and marine transportation hazard, fire insurance, comprehensive householder insurance, engineering and contractor's plant and equipment insurance, miscellaneous insurance, workers' compensation insurance, liability insurance, glass plate insurance, personal accident insurance and others.