Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Scaled Net Operating Assets : 0.17 (As of Mar. 2024)

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What is Bahrain Kuwait Insurance Co BSC 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.

Bahrain Kuwait Insurance Co BSC's operating assets for the quarter that ended in Mar. 2024 was BHD161.96 Mil. Bahrain Kuwait Insurance Co BSC's operating liabilities for the quarter that ended in Mar. 2024 was BHD133.52 Mil. Bahrain Kuwait Insurance Co BSC's Total Assets for the quarter that ended in Dec. 2023 was BHD171.47 Mil. Therefore, Bahrain Kuwait Insurance Co BSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.17.

Bahrain Kuwait Insurance Co BSC 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.

Bahrain Kuwait Insurance Co BSC'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 )
=	(150.515	-	124.876)	/	210.024
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	171.471	-	20.956
=	150.515

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	125.229	-	0	-	0.353
=	124.876

Bahrain Kuwait Insurance Co BSC'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 )
=	(161.958	-	133.523)	/	171.471
=	0.17

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	177.364	-	15.406
=	161.958

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	133.836	-	0.313	-	0
=	133.523

* 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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Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Business Description

Industry

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Traded in Other Exchanges

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Address

BKIC Tower 2775, Road 2835, PO Box 10166, Block 428, Seef District, Manama, BHR

Website

https://www.gigbh.com

Bahrain Kuwait Insurance Co BSC is a Bahrain- based insurance company. The operating segment of the company is Fire and general, Motor, Marine and Aviation and Family Takaful. Fire and General covers risks of fire, general accident, medical, group life and special contingency. Motor covers risks of motor third party, motor comprehensive and extended warranty. Marine and Aviation cover risks of marine cargo, marine hull, and marine aviation. Family Takaful covers risks of group life, education, protection, savings, among others. Geographically, it operates in Bahrain and some other countries.