Solidarity Bahrain BSC (BAH:SOLID) Scaled Net Operating Assets : 0.17 (As of Dec. 2024)

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What is Solidarity Bahrain 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.

Solidarity Bahrain BSC's operating assets for the quarter that ended in Dec. 2024 was BHD75.52 Mil. Solidarity Bahrain BSC's operating liabilities for the quarter that ended in Dec. 2024 was BHD59.02 Mil. Solidarity Bahrain BSC's Total Assets for the quarter that ended in Sep. 2024 was BHD95.21 Mil. Therefore, Solidarity Bahrain BSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.17.

Solidarity Bahrain 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.

Solidarity Bahrain BSC'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 )
=	(81.311	-	59.015)	/	96.426
=	0.23

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	108.177	-	26.866
=	81.311

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	68.666	-	7.506	-	2.145
=	59.015

Solidarity Bahrain BSC'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 )
=	(75.52	-	59.015)	/	95.213
=	0.17

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	108.177	-	32.657
=	75.52

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	68.666	-	7.506	-	2.145
=	59.015

* 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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Solidarity Bahrain BSC Business Description

Industry

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Traded in Other Exchanges

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Address

Road 2825, PO Box 5282, Flat 71, 7th Floor - Seef Tower, Building 2080, Block 428, Seef Area, Manama, BHR

Website

https://www.solidarity.com.bh

Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides motor insurance, home insurance, car insurance, personal accident, medical insurance, travel insurance, and other products. The company operates in the business segments namely, Non-motor which includes fire, marine, general accident, liability, Aviation, and engineering lines of business; Motor; Medical; Group Life which includes group life and credit life business; and Family Takaful which includes long-term decreasing term and level term business. Maximum of company revenue is from Motor segment. Geographically operates in Bahrain, UAE, Saudi Arabia, Oman, Kuwait, and Others.