Arabian Scandinavian Insurance Co (DFM:ASCANA) Scaled Net Operating Assets : 0.35 (As of Dec. 2023)

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What is Arabian Scandinavian 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.

Arabian Scandinavian Insurance Co's operating assets for the quarter that ended in Dec. 2023 was د.إ329.18 Mil. Arabian Scandinavian Insurance Co's operating liabilities for the quarter that ended in Dec. 2023 was د.إ197.09 Mil. Arabian Scandinavian Insurance Co's Total Assets for the quarter that ended in Sep. 2023 was د.إ377.42 Mil. Therefore, Arabian Scandinavian Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.35.

Arabian Scandinavian 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.

Arabian Scandinavian Insurance Co'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 )
=	(359.422	-	197.089)	/	462.492
=	0.35

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	372.935	-	13.513
=	359.422

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	197.614	-	0.525	-	0
=	197.089

Arabian Scandinavian Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(329.183	-	197.089)	/	377.424
=	0.35

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	372.935	-	43.752
=	329.183

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	197.614	-	0.525	-	0
=	197.089

* 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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Arabian Scandinavian Insurance Co (DFM:ASCANA) Business Description

Industry

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Traded in Other Exchanges

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Address

Al Kazim Building, Al Garhoud, 3rd Floor, P.O. Box 1993, Dubai, ARE

Website

https://www.ascanatakaful.ae

Arabian Scandinavian Insurance Co PLC is a provider of general insurance and reinsurance services. Its general insurance covers motor, medical, life, personal accident, property, travel protection, money, professional indemnity, and engineering. The company is organized into two business segments: general takaful management and investment. The majority of the revenue is derived from the provision of general takaful management services. The Company only operates in U.AE., through its Dubai and Abu Dhabi office.