Wafa Assurance (CAS:WAA) Scaled Net Operating Assets : 0.18 (As of Jun. 2023)

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What is Wafa Assurance 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.

Wafa Assurance's operating assets for the quarter that ended in Jun. 2023 was MAD61,119 Mil. Wafa Assurance's operating liabilities for the quarter that ended in Jun. 2023 was MAD50,554 Mil. Wafa Assurance's Total Assets for the quarter that ended in Dec. 2022 was MAD59,428 Mil. Therefore, Wafa Assurance's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.18.

Wafa Assurance 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.

Wafa Assurance's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(58469.672	-	48535.303)	/	59575.1
=	0.17

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	59427.79	-	958.118
=	58469.672

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	51110.374	-	2575.071	-	0
=	48535.303

Wafa Assurance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(61118.983	-	50553.663)	/	59427.79
=	0.18

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	61787.568	-	668.585
=	61118.983

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	52757.971	-	2204.308	-	0
=	50553.663

* 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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Wafa Assurance (CAS:WAA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

1 bd Abdelmoumen, Casablanca, MAR, 20100

Website

http://www.wafaassurance.ma

Wafa Assurance SA is a Morocco-based company engaged in the provision of the insurance services. The company offers fire and explosion insurance, theft, and sabotage insurance, water damage insurance, machine breakage insurance, and information and electronic equipment insurance. In addition, it also provides insurance to multiple risks, health, professionals, general accidents, property damage and many more.